Axis Capital Holdings (AXS) Cost of Revenue (2009 - 2026)
Axis Capital Holdings (AXS) posted Cost of Revenue of $933.1 million for Q2 2026, up 7.59% sequentially from $867.3 million in Q1 2026, and up 16.39% YoY from $801.8 million in Q2 2025.
Axis Capital Holdings (AXS) Cost of Revenue (2009 - 2026) Analysis & Trends
Axis Capital Holdings has reported Cost of Revenue for 18 years, with the latest figure at $933.1 million in Q2 2026.
- Quarterly Cost of Revenue rose 16.39% year-over-year to $933.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $3.5 billion (up 7.68% YoY) and the FY2025 annual result came in at $3.3 billion, up 4.12% from the prior year.
- Cost of Revenue advanced to $933.1 million in Q2 2026 per AXS's latest filing, from $867.3 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.2 billion in Q4 2023 and troughed at $720.6 million in Q1 2023.
- A 5-year average of $826.8 million and a median of $800.0 million in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue jumped 44.36% in 2023, then retreated 27.8% in 2024.
- Over 5 years, Cost of Revenue stood at $798.2 million in 2022, then soared by 44.36% to $1.2 billion in 2023, then declined by 27.8% to $832.0 million in 2024, then rose by 3.3% to $859.4 million in 2025, then gained by 8.58% to $933.1 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $933.1 million, $867.3 million, and $859.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.65 Bn | 8.08 Bn | 3.59 Bn | 460.00 Mn |
| 2 | First American Financial | 7.36 Bn | 4.25 Bn | 1.77 Bn | 352.10 Mn |
| 3 | Axis Capital Holdings | 7.25 Bn | 6.47 Bn | 819.78 Mn | 933.13 Mn |
| 4 | Enact Holdings | 6.85 Bn | 6.36 Bn | 284.04 Mn | 33.26 Mn |
| 5 | Mgic Investment | 6.47 Bn | 6.25 Bn | 284.40 Mn | 10.99 Mn |
| 6 | Essent | 6.18 Bn | 6.18 Bn | 313.73 Mn | 48.96 Mn |
| 7 | Ryan Specialty Holdings | 5.43 Bn | 5.29 Bn | - | - |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 194.95 Mn |
| 9 | NMI Holdings | 3.42 Bn | 3.35 Bn | 157.40 Mn | 30.49 Mn |
| 10 | Assured Guaranty | 3.29 Bn | -506.61 Mn | 156.00 Mn | 39.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 933.13 Mn |
| Jun 30, 2026 | 933.13 Mn |
| 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 |