Filing Flows › Axon Enterprise (AXON) › How it makes money
How Axon Enterprise (AXON) makes money
Axon Enterprise (AXON) made $909M of revenue in the third quarter 2026 (Q3 2026), +28% from a year earlier. Product brought in $472M (52%); Service brought in $437M (48%). Of every dollar of revenue, 57¢ was left as gross profit, 5¢ was left as operating profit, 6¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $472M | 51.9% | -7% | +16% |
| ↳ TASER | $233M | 25.6% | -11% | -2% |
| ↳ Platform Solutions | $125M | 13.8% | -17% | +106% |
| ↳ Personal Sensors | $114M | 12.5% | +19% | +6% |
| Service | $437M | 48.1% | +10% | +43% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $909M | 100.0% |
| Cost of revenue | $394M | 43.3% |
| Gross profit | $515M | 56.7% |
| Operating expenses | $473M | 52.0% |
| Operating profit | $42.1M | 4.6% |
| Income tax | $21.9M | 2.4% |
| Net earnings | $57.0M | 6.3% |
| Operating cash flow | $19.7M | 2.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $909M | +28% |
| Q2 2026 | $904M | +35% |
From Axon Enterprise's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Axon Enterprise make money?
Axon Enterprise (AXON) made $909M of revenue in the third quarter 2026 (Q3 2026), +28% from a year earlier. Product brought in $472M (52%); Service brought in $437M (48%). Of every dollar of revenue, 57¢ was left as gross profit, 5¢ was left as operating profit, 6¢ was left as net earnings.
What is Axon Enterprise's biggest business?
Product: $472M in the third quarter 2026, 52% of revenue, +16% from a year earlier.
What is Axon Enterprise's profit margin?
Net earnings were $57.0M, 6.3% of revenue, in the third quarter 2026; the operating margin was 4.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.