Axis Capital Holdings (AXS) Operating Margin (2009 - 2026)
Axis Capital Holdings (AXS) posted Operating Margin of 35.2% for Q2 2026, down 3.46% sequentially from 34.02% in Q1 2026, and down 326.0% YoY from 15.57% in Q2 2025.
Axis Capital Holdings (AXS) Operating Margin (2009 - 2026) Analysis & Trends
Axis Capital Holdings has reported Operating Margin for 18 years, with the latest figure at 35.2% in Q2 2026.
- Quarterly Operating Margin fell 326.0% year-over-year to 35.2% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 31.99% (up 394.0% YoY) and the FY2025 annual result came in at 31.57%, up 452.0% from the prior year.
- Operating Margin slipped to 35.2% in Q2 2026 per AXS's latest filing, from 34.02% in the prior quarter.
- Over five years, Operating Margin peaked at 28.16% in Q3 2025 and troughed at 90.32% in Q4 2023.
- A 5-year average of 43.31% and a median of 37.97% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin sank 2862 bps in 2023, then surged 5193 bps in 2024.
- Over 5 years, Operating Margin stood at 61.7% in 2022, then slumped by 46 bps to 90.32% in 2023, then jumped by 57 bps to 38.39% in 2024, then increased by 20 bps to 30.54% in 2025, then dropped by 15 bps to 35.2% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 35.2%, 34.02%, and 30.54% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.71 Bn | 8.14 Bn | 3.59 Bn | 20.02% |
| 2 | First American Financial | 7.40 Bn | 4.28 Bn | 1.77 Bn | 8.68% |
| 3 | Axis Capital Holdings | 7.28 Bn | 6.49 Bn | 819.78 Mn | -35.20% |
| 4 | Enact Holdings | 6.86 Bn | 6.36 Bn | 284.04 Mn | 23.07% |
| 5 | Mgic Investment | 6.46 Bn | 6.23 Bn | 284.40 Mn | 20.13% |
| 6 | Essent | 6.22 Bn | 6.22 Bn | 313.73 Mn | 16.99% |
| 7 | Ryan Specialty Holdings | 5.38 Bn | 5.24 Bn | - | 19.67% |
| 8 | Radian | 4.96 Bn | 4.22 Bn | 380.01 Mn | 12.99% |
| 9 | NMI Holdings | 3.45 Bn | 3.37 Bn | 157.40 Mn | 16.14% |
| 10 | Assured Guaranty | 3.29 Bn | -503.07 Mn | 156.00 Mn | 50.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -35.20% |
| Mar 31, 2026 | -34.02% |
| Dec 31, 2025 | -30.54% |
| Sep 30, 2025 | -28.16% |
| Jun 30, 2025 | -31.94% |
| Mar 31, 2025 | -36.12% |
| Dec 31, 2024 | -38.39% |
| Sep 30, 2024 | -37.55% |
| Jun 30, 2024 | -35.94% |
| Mar 31, 2024 | -32.22% |
| Dec 31, 2023 | -90.32% |
| Sep 30, 2023 | -40.04% |
| Jun 30, 2023 | -40.48% |
| Mar 31, 2023 | -38.86% |
| Dec 31, 2022 | -61.70% |
| Sep 30, 2022 | -69.03% |
| Jun 30, 2022 | -51.84% |
| Mar 31, 2022 | -47.16% |
| Dec 31, 2021 | -35.88% |
| Sep 30, 2021 | -64.84% |