Axis Capital Holdings (AXS) Gross Margin (2009 - 2026)

Axis Capital Holdings (AXS) reported Gross Margin of 41.42% for Q1 2026, up 3.0% on a YoY basis from 40.21% in Q1 2025, and down 35.13% sequentially from 63.85% in Q4 2025.

Axis Capital Holdings (AXS) Gross Margin (2009 - 2026) Analysis & Trends

Axis Capital Holdings (AXS) has 18 years of Gross Margin data on file, last reported at 41.42% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 3.0% year-over-year to 41.42%; the trailing twelve-month figure through Mar 2026 stood at 49.73% (up 447.0% YoY), and the FY2025 full-year result was 49.9%, up 291.0% from the prior year.
  • Gross Margin declined to 41.42% in Q1 2026, from 63.85% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 63.85% in Q4 2025 to a low of 25.02% in Q4 2023.
  • A 5-year average of 38.52% and a median of 41.77% in 2022 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin tumbled 6433 bps in 2023 and surged 6849 bps in 2024, its largest moves.
  • Tracing AXS's Gross Margin over 5 years: stood at 39.31% in 2022, then tumbled by 164 bps to 25.02% in 2023, then jumped by 274 bps to 43.47% in 2024, then jumped by 47 bps to 63.85% in 2025, then sank by 35 bps to 41.42% in 2026.
  • Business Quant data shows AXS's Gross Margin at 41.42% in Q1 2026, 63.85% in Q4 2025, and 42.05% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Fidelity National Financial 13.08 Bn 10.42 Bn 3.16 Bn 98.08%
2 Axis Capital Holdings 8.50 Bn 7.97 Bn 613.18 Mn 41.42%
3 First American Financial 7.10 Bn 4.22 Bn 1.77 Bn 83.37%
4 Enact Holdings 6.51 Bn 5.96 Bn 205.69 Mn 84.70%
5 Mgic Investment 6.26 Bn 6.23 Bn 263.84 Mn 88.81%
6 Essent 6.05 Bn 6.05 Bn 211.88 Mn 81.46%
7 Radian 5.96 Bn 5.91 Bn 304.36 Mn 75.61%
8 Assured Guaranty 3.78 Bn 3.28 Bn 65.00 Mn 79.27%
9 NMI Holdings 3.17 Bn 3.10 Bn 134.15 Mn 86.65%
10 Employers Holdings 957.12 Mn 620.72 Mn 51.80 Mn 28.63%

Historic Data

Download Data
DateValue
Mar 31, 2026 41.42%
Dec 31, 2025 63.85%
Sep 30, 2025 42.05%
Jun 30, 2025 42.46%
Mar 31, 2025 41.38%
Dec 31, 2024 43.47%
Sep 30, 2024 48.36%
Jun 30, 2024 47.19%
Mar 31, 2024 42.08%
Dec 31, 2023 -25.02%
Sep 30, 2023 40.73%
Jun 30, 2023 41.83%
Mar 31, 2023 41.42%
Dec 31, 2022 39.31%
Sep 30, 2022 26.69%
Jun 30, 2022 35.77%
Mar 31, 2022 41.77%
Dec 31, 2021 8.35%
Sep 30, 2021 31.85%
Jun 30, 2021 50.29%