Filing Flows › Axos Financial (AX) › Q1 FY27
Axos Financial (AX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 29, 2026
Axos Financial (AX) reported revenue of $395M for the first quarter fiscal 2027 (Q1 FY27), +22% from a year earlier and +4% from the quarter before. Operating margin was 44.3%, net earnings $130M (32.8% of revenue).
Axos Financial, Q1 FY27: revenue $395M (+22% year over year), operating margin 44.3%, net earnings $130M, operating cash flow $295M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $395M | +4% | +22% |
| Operating profit | $175M | +12% | +17% |
| Net earnings | $130M | +4% | +15% |
| Operating cash flow | $295M | +0.6% | +149% |
| Free cash flow | $235M | +19% | +115% |
What changed
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.
Questions
What was Axos Financial's revenue in the first quarter fiscal 2027?
Axos Financial (AX) reported revenue of $395M for the first quarter fiscal 2027 (Q1 FY27), +22% from a year earlier and +4% from the quarter before.
Was Axos Financial profitable in the first quarter fiscal 2027?
Operating profit was $175M (44.3% of revenue) and net earnings $130M.
Source: Axos Financial 10-Q on SEC EDGAR.