Axis Capital Holdings (AXS) Operating Expenses (2009 - 2026)
Axis Capital Holdings (AXS) reported Operating Expenses of $1.3 billion for Q1 2026, up 3.85% on a YoY basis from $1.3 billion in Q1 2025, and down 4.92% sequentially from $1.4 billion in Q4 2025.
Axis Capital Holdings (AXS) Operating Expenses (2009 - 2026) Analysis & Trends
Axis Capital Holdings (AXS) has 18 years of Operating Expenses data on file, last reported at $1.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 3.85% year-over-year to $1.3 billion; the trailing twelve-month figure through Mar 2026 stood at $5.4 billion (up 6.23% YoY), and the FY2025 full-year result was $5.3 billion, up 8.04% from the prior year.
- Operating Expenses eased to $1.3 billion in Q1 2026, from $1.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.7 billion in Q4 2023 to a low of $1.1 billion in Q1 2022.
- A 5-year average of $1.3 billion and a median of $1.2 billion in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses rose 21.78% in 2023 and dropped 27.72% in 2024, its largest moves.
- Tracing AXS's Operating Expenses over 5 years: stood at $1.4 billion in 2022, then climbed by 21.78% to $1.7 billion in 2023, then retreated by 27.72% to $1.2 billion in 2024, then gained by 16.59% to $1.4 billion in 2025, then decreased by 4.92% to $1.3 billion in 2026.
- Business Quant data shows AXS's Operating Expenses at $1.3 billion in Q1 2026, $1.4 billion in Q4 2025, and $1.3 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 13.08 Bn | 10.42 Bn | 3.16 Bn | 2.73 Bn |
| 2 | Axis Capital Holdings | 8.50 Bn | 7.97 Bn | 613.18 Mn | 1.34 Bn |
| 3 | First American Financial | 7.10 Bn | 4.22 Bn | 1.77 Bn | 1.83 Bn |
| 4 | Enact Holdings | 6.51 Bn | 5.96 Bn | 205.69 Mn | 98.69 Mn |
| 5 | Mgic Investment | 6.26 Bn | 6.23 Bn | 263.84 Mn | 90.25 Mn |
| 6 | Essent | 6.05 Bn | 6.05 Bn | 211.88 Mn | 129.35 Mn |
| 7 | Radian | 5.96 Bn | 5.91 Bn | 304.36 Mn | 2.23 Mn |
| 8 | Assured Guaranty | 3.78 Bn | 3.28 Bn | 65.00 Mn | 227.00 Mn |
| 9 | NMI Holdings | 3.17 Bn | 3.10 Bn | 134.15 Mn | 58.53 Mn |
| 10 | Employers Holdings | 957.12 Mn | 620.72 Mn | 51.80 Mn | 194.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.09 Bn |