Filing Flows › Axis Capital Holdings (AXS) › Q1 2026
Axis Capital Holdings (AXS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Axis Capital Holdings (AXS) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +8% from a year earlier and -5% from the quarter before. Operating margin was 18.7%, net earnings $255M (15.5% of revenue).
Axis Capital Holdings, Q1 2026: revenue $1.6B (+8% year over year), operating margin 18.7%, net earnings $255M, operating cash flow $519M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -5% | +8% |
| Operating profit | $308M | -7% | +31% |
| Net earnings | $255M | -12% | +31% |
| Operating cash flow | $519M | -18% | +68% |
What changed
Revenue was $1.6B in Q1 2026, up 8% year over year and down 5% from the previous quarter.
Operating profit was $0.31B, a 18.7% margin (up 3.2 points year over year). Of the extra revenue versus Q1 2025, 59% reached operating profit, above the 16% margin then. Total costs grew 4% against revenue growth of 8%. Net earnings were $0.25B, up 31% year over year. The effective tax rate was 18.0%.
Operating cash flow was $0.52B (up 68% year over year), 204% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.25B.
Questions
What was Axis Capital Holdings' revenue in the first quarter 2026?
Axis Capital Holdings (AXS) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +8% from a year earlier and -5% from the quarter before.
Was Axis Capital Holdings profitable in the first quarter 2026?
Operating profit was $308M (18.7% of revenue) and net earnings $255M.