Axis Capital Holdings (AXS) Operating Expenses (2009 - 2026)
Axis Capital Holdings (AXS) posted Operating Expenses of $1.4 billion for Q2 2026, up 7.58% sequentially from $1.3 billion in Q1 2026, and up 6.22% YoY from $1.4 billion in Q2 2025.
Axis Capital Holdings (AXS) Operating Expenses (2009 - 2026) Analysis & Trends
Axis Capital Holdings has reported Operating Expenses for 18 years, with the latest figure at $1.4 billion in Q2 2026.
- Quarterly Operating Expenses rose 6.22% year-over-year to $1.4 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $5.5 billion (up 4.86% YoY) and the FY2025 annual result came in at $5.3 billion, up 8.04% from the prior year.
- Operating Expenses grew to $1.4 billion in Q2 2026 per AXS's latest filing, from $1.3 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.7 billion in Q4 2023 and troughed at $1.1 billion in Q1 2022.
- A 5-year average of $1.3 billion and a median of $1.3 billion in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses advanced 21.78% in 2023, then fell 27.72% in 2024.
- Over 5 years, Operating Expenses stood at $1.4 billion in 2022, then rose by 21.78% to $1.7 billion in 2023, then dropped by 27.72% to $1.2 billion in 2024, then grew by 16.59% to $1.4 billion in 2025, then grew by 2.28% to $1.4 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.4 billion, $1.3 billion, and $1.4 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 3.71 Bn |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 1.83 Bn |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | 1.44 Bn |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 97.34 Mn |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 65.46 Mn |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 132.37 Mn |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 736.33 Mn |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 424.24 Mn |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 50.95 Mn |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 135.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.44 Bn |
| Mar 31, 2026 | 1.34 Bn |
| Dec 31, 2025 | 1.40 Bn |
| Sep 30, 2025 | 1.30 Bn |
| Jun 30, 2025 | 1.35 Bn |
| Mar 31, 2025 | 1.29 Bn |
| Dec 31, 2024 | 1.20 Bn |
| Sep 30, 2024 | 1.38 Bn |
| Jun 30, 2024 | 1.21 Bn |
| Mar 31, 2024 | 1.15 Bn |
| Dec 31, 2023 | 1.67 Bn |
| Sep 30, 2023 | 1.22 Bn |
| Jun 30, 2023 | 1.21 Bn |
| Mar 31, 2023 | 1.15 Bn |
| Dec 31, 2022 | 1.37 Bn |
| Sep 30, 2022 | 1.23 Bn |
| Jun 30, 2022 | 1.17 Bn |
| Mar 31, 2022 | 1.12 Bn |
| Dec 31, 2021 | 1.18 Bn |
| Sep 30, 2021 | 1.29 Bn |