Axis Capital Holdings (AXS) Cost of Revenue (2009 - 2026)

Axis Capital Holdings (AXS) reported Cost of Revenue of $867.3 million for Q1 2026, up 10.35% on a YoY basis from $785.9 million in Q1 2025, and up 0.91% sequentially from $859.4 million in Q4 2025.

Axis Capital Holdings (AXS) Cost of Revenue (2009 - 2026) Analysis & Trends

Axis Capital Holdings (AXS) has 18 years of Cost of Revenue data on file, last reported at $867.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 10.35% year-over-year to $867.3 million; the trailing twelve-month figure through Mar 2026 stood at $3.4 billion (up 4.79% YoY), and the FY2025 full-year result was $3.3 billion, up 4.12% from the prior year.
  • Cost of Revenue climbed to $867.3 million in Q1 2026, from $859.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $1.2 billion in Q4 2023 to a low of $720.6 million in Q1 2023.
  • A 5-year average of $820.6 million and a median of $798.2 million in 2022 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue surged 44.36% in 2023 and declined 27.8% in 2024, its largest moves.
  • Tracing AXS's Cost of Revenue over 5 years: stood at $798.2 million in 2022, then soared by 44.36% to $1.2 billion in 2023, then decreased by 27.8% to $832.0 million in 2024, then climbed by 3.3% to $859.4 million in 2025, then increased by 0.91% to $867.3 million in 2026.
  • Business Quant data shows AXS's Cost of Revenue at $867.3 million in Q1 2026, $859.4 million in Q4 2025, and $841.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Fidelity National Financial 14.00 Bn 9.88 Bn 3.16 Bn 62.00 Mn
2 Axis Capital Holdings 8.67 Bn 8.14 Bn 613.18 Mn 867.28 Mn
3 First American Financial 7.85 Bn 4.73 Bn 1.77 Bn 352.10 Mn
4 Enact Holdings 6.68 Bn 6.13 Bn 205.69 Mn 37.16 Mn
5 Mgic Investment 6.51 Bn 6.48 Bn 263.84 Mn 33.24 Mn
6 Essent 6.24 Bn 6.24 Bn 211.88 Mn 48.22 Mn
7 Radian 5.36 Bn 5.30 Bn 304.36 Mn 98.17 Mn
8 Assured Guaranty 3.83 Bn 3.31 Bn 65.00 Mn 17.00 Mn
9 NMI Holdings 3.29 Bn 3.22 Bn 134.15 Mn 20.66 Mn
10 Employers Holdings 962.93 Mn 626.53 Mn 51.80 Mn 129.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 867.28 Mn
Mar 31, 2026 867.28 Mn
Dec 31, 2025 859.43 Mn
Dec 31, 2025 859.43 Mn
Sep 30, 2025 841.44 Mn
Sep 30, 2025 841.44 Mn
Jun 30, 2025 801.75 Mn
Jun 30, 2025 801.75 Mn
Mar 31, 2025 785.93 Mn
Mar 31, 2025 785.93 Mn
Dec 31, 2024 831.96 Mn
Dec 31, 2024 831.96 Mn
Sep 30, 2024 831.87 Mn
Sep 30, 2024 831.87 Mn
Jun 30, 2024 765.99 Mn
Jun 30, 2024 765.99 Mn
Mar 31, 2024 728.67 Mn
Mar 31, 2024 728.67 Mn
Dec 31, 2023 1.15 Bn
Dec 31, 2023 1.15 Bn