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Axos Financial (AX) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Oct 29, 2026 · Axos Financial (AX) Q1 FY27 earnings results →
Q1 FY27 Revenue up 22% year over year to $395M · 33¢ of every $1 of revenue kept as net profit · operating margin 44.3%
Axos Financial made $395M in Q1 FY27 (+22% Y/Y): Net interest income $331M, Noninterest income $63.8M. Operating margin 44.3%, net earnings $130M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $395.1M in Q1 FY27, up 22% year over year and up 4% from the previous quarter. Net interest income was the largest line at 84% of revenue. Net interest income added $40.2M year over year (up 14%), 56% of the total change.
Operating profit was $175.2M, a 44.3% margin (down 2.0 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, below the 46% margin then. Total costs grew 27% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+42%). Net earnings were $129.6M, up 15% year over year. The effective tax rate was 26.0%.
Operating cash flow was $294.9M (up 149% year over year), 227% of net earnings. Non-cash charges added back $29.2M of depreciation and amortization and $11.2M of share-based compensation. Working capital and other items added $124.9M. Capital expenditures of $59.4M left free cash flow of $235.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Oct 29, 2026 | $395M | +22% | 44.3% | $130M | $295M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Axos Financial
Our Company is a technology-driven, diversified financial services company with approximately $30.0 billion in assets and approximately $47.8 billion of assets under custody and/or administration at Axos Clearing LLC (“Axos Clearing”). Our client-centric, technology-enabled services model provides secure and scalable banking, clearing and custody, and investment advisory solutions to retail and business customers. The Bank provides consumer and commercial banking products and services through its digital online and mobile banking platforms, low-cost distribution channels and affinity partners.
In its own words, from its 10-K, filed Aug 20, 2026.
Axos Financial against its Savings Institution, Federally Chartered peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +8%. Operating margin: 44.3% against the peers' median 37.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AX Axos Financial | Q1 FY27 | $395M | +22% | 44.3% |
| EBC Eastern Bankshares | Q3 2026 | $307M | +27% | 45.7% |
| BKU BankUnited | Q3 2026 | $280M | +2% | 34.6% |
| PFS Provident Financial Services | Q3 2026 | $239M | +8% | 38.8% |
| NRIM Northrim Bancorp | Q3 2026 | $69.9M | -9% | 26.8% |
| HTB HomeTrust Bancshares | Q3 2026 | $55.5M | +3% | 37.1% |
| KRNY Kearny Financial | Q1 FY27 | $45.3M | +4% | 28.0% |
| PDLB Ponce Financial Group | Q3 2026 | $34.8M | +30% | 35.5% |
| FMAO Farmers & Merchants Bancorp | Q3 2026 | $34.8M | +11% | 40.8% |
Source: Axos Financial 10-Q on SEC EDGAR · CIK 1299709 · Savings Institution, Federally Chartered
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Every quarter: Q1 FY27 results