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| Date | Value |
|---|---|
| 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% |