Axon Enterprise AXON Revenue Breakdown

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Annual revenue breakdowns for Axon Enterprise, fiscal 2010 to 2025, as reported in its filings.
Annual history

Axon Enterprise Revenue by Product & Service

Years FY 2016–2025
Lines 4
FY 2025 Total $2.78B

Software & Services was Axon Enterprise’s largest product and service line in fiscal 2025, bringing in $1.20B of $2.78B (43%).

Axon Enterprise revenue by product and service, fiscal 2016 to 2025
Product and Service FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Software & Services — $596.70M $861.23M $1.20B
Taser Devices — $573.16M $750.14M $913.88M
Personal Sensors — $242.63M $316.94M $397.04M
Platform Solutions — $148.22M $154.21M $265.95M
Total $1.19B $1.56B $2.08B $2.78B
Totals include 17 discontinued lines from earlier reporting.

Axon Enterprise revenue by product and service: what the figures show

Axon Enterprise brought in $2.78B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 33.5% from $2.08B in fiscal 2024. Software & Services was the largest at $1.20B (43.3%), ahead of Taser Devices at $913.88M (32.9%) and Personal Sensors at $397.04M (14.3%). The remaining line, Platform Solutions, brought in $265.95M.

Compared with fiscal 2024, Platform Solutions grew fastest, up 72.5% to $265.95M. Every line above 2% of revenue grew.

Axon Enterprise began breaking out Software & Services in fiscal 2023, Taser Devices in fiscal 2023, Personal Sensors in fiscal 2023 and Platform Solutions in fiscal 2023. Axon Enterprise stopped reporting Axon Evidence & Cloud Services ($386.03M in fiscal 2022), Taser Devices (Professional) ($282.70M in fiscal 2022), Cartridges ($181.69M in fiscal 2022) and four others as separate lines.

Annual history

Axon Enterprise Revenue by Segment

Years FY 2010–2025
Lines 2
FY 2025 Total $2.78B

Connected Devices was Axon Enterprise’s largest segment in fiscal 2025, bringing in $1.58B of $2.78B (57%).

Axon Enterprise revenue by segment, fiscal 2010 to 2025
Segment FY 2010 FY 2011 FY 2012 FY 2013 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Connected Devices — $964.00M $1.22B $1.58B
Software & Services — $596.70M $861.23M $1.20B
Total $1.19B $1.56B $2.08B $2.78B
Totals include 7 discontinued lines from earlier reporting.

Axon Enterprise revenue by segment: what the figures show

Axon Enterprise brought in $2.78B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 33.5% from $2.08B in fiscal 2024. Connected Devices was the largest at $1.58B (56.7%), ahead of Software & Services at $1.20B (43.3%).

Compared with fiscal 2024, Software & Services grew 39.6% to $1.20B and Connected Devices grew 29.1% to $1.58B.

Axon Enterprise began breaking out Connected Devices in fiscal 2023 and Software & Services in fiscal 2023. Axon Enterprise stopped reporting Software & Sensors ($656.10M in fiscal 2022) and Taser ($531.04M in fiscal 2022) as separate segments.

Annual history

Axon Enterprise Revenue by Geography

Years FY 2011–2025
Lines 2
FY 2025 Total $2.78B

United States was Axon Enterprise’s largest region in fiscal 2025, bringing in $2.31B of $2.78B (83%).

Axon Enterprise revenue by geography, fiscal 2011 to 2025
Geography FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
United States $985.18M $1.34B $1.78B $2.31B
Other Countries $201.96M $225.18M $307.33M $474.52M
Total $1.19B $1.56B $2.08B $2.78B

Axon Enterprise revenue by geography: what the figures show

Axon Enterprise brought in $2.78B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 33.5% from $2.08B in fiscal 2024. United States was the largest at $2.31B (82.9%), ahead of Other Countries at $474.52M (17.1%).

Compared with fiscal 2024, Other Countries grew 54.4% to $474.52M and United States grew 29.8% to $2.31B. From fiscal 2022 to 2025, combined revenue from these regions grew from $1.19B to $2.78B, a compound annual growth rate of 32.8%. United States' share held steady at about 82.9%.

Questions

Axon Enterprise Revenue Breakdown FAQ

How does Axon Enterprise make money?

Axon Enterprise (AXON) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Software & Services was its largest product and service line, bringing in $1.20B (43.3% of the total), followed by Taser Devices at $913.88M (32.9%).

What is Axon Enterprise's largest product and service line?

Software & Services was Axon Enterprise's largest product and service line in fiscal 2025, bringing in $1.20B, or 43.3% of the $2.78B total across its four product and service lines.

What is Axon Enterprise's largest segment?

Connected Devices was Axon Enterprise's largest segment in fiscal 2025, bringing in $1.58B, or 56.7% of the $2.78B total across its two segments.

What is Axon Enterprise's largest region?

United States was Axon Enterprise's largest region in fiscal 2025, bringing in $2.31B, or 82.9% of the $2.78B total across its two regions.

Which Axon Enterprise product and service line is growing the fastest?

Among Axon Enterprise's product and service lines that make up at least 2% of revenue, Platform Solutions grew fastest in fiscal 2025, up 72.5% from $154.21M to $265.95M.

Where does this revenue breakdown data come from?

Every figure comes from Axon Enterprise's annual financial filings, as reported. Each line keeps the name Axon Enterprise gives it, and years follow its fiscal calendar.

How far back does Axon Enterprise's revenue breakdown go?

Axon Enterprise's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.