Axis Capital Holdings (AXS) Gross Margin (2009 - 2026)
Axis Capital Holdings (AXS) posted Gross Margin of 46.77% for Q2 2026, down 0.99% sequentially from 47.23% in Q1 2026, and down 413.0% YoY from 14.94% in Q2 2025.
Axis Capital Holdings (AXS) Gross Margin (2009 - 2026) Analysis & Trends
Axis Capital Holdings has reported Gross Margin for 18 years, with the latest figure at 46.77% in Q2 2026.
- Quarterly Gross Margin fell 413.0% year-over-year to 46.77% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 48.55% (up 68.0% YoY) and the FY2025 annual result came in at 49.9%, up 291.0% from the prior year.
- Gross Margin declined to 46.77% in Q2 2026 per AXS's latest filing, from 47.23% in the prior quarter.
- Over five years, Gross Margin peaked at 50.9% in Q2 2025 and troughed at 22.21% in Q4 2023.
- A 5-year average of 43.94% and a median of 46.78% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 1823 bps in 2023, then surged 2126 bps in 2024.
- Over 5 years, Gross Margin stood at 40.44% in 2022, then plunged by 45 bps to 22.21% in 2023, then jumped by 96 bps to 43.47% in 2024, then gained by 16 bps to 50.45% in 2025, then declined by 7 bps to 46.77% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 46.77%, 47.23%, and 50.45% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 88.64% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 83.37% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 46.77% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 89.52% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 96.28% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 86.50% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | - |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 66.09% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 83.77% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 80.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 46.77% |
| Mar 31, 2026 | 47.23% |
| Dec 31, 2025 | 50.45% |
| Sep 30, 2025 | 49.74% |
| Jun 30, 2025 | 50.90% |
| Mar 31, 2025 | 48.37% |
| Dec 31, 2024 | 43.47% |
| Sep 30, 2024 | 48.36% |
| Jun 30, 2024 | 47.19% |
| Mar 31, 2024 | 48.85% |
| Dec 31, 2023 | 22.21% |
| Sep 30, 2023 | 45.33% |
| Jun 30, 2023 | 46.79% |
| Mar 31, 2023 | 46.40% |
| Dec 31, 2022 | 40.44% |
| Sep 30, 2022 | 26.69% |
| Jun 30, 2022 | 39.74% |
| Mar 31, 2022 | 41.93% |
| Dec 31, 2021 | 48.60% |
| Sep 30, 2021 | 31.85% |