Filing Flows › Axis Capital Holdings (AXS) › Q2 2025
Axis Capital Holdings (AXS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Axis Capital Holdings (AXS) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +7% from the quarter before. Operating margin was 17.2%, net earnings $223M (13.7% of revenue).
Axis Capital Holdings, Q2 2025: revenue $1.6B (+13% year over year), operating margin 17.2%, net earnings $223M, operating cash flow −$1.7B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +7% | +13% |
| Operating profit | $280M | +19% | +15% |
| Net earnings | $223M | +15% | +5% |
| Operating cash flow | −$1.7B | -635% | — |
What changed
Revenue was $1.6B in Q2 2025, up 13% year over year and up 7% from the previous quarter.
Operating profit was $0.28B, a 17.2% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 20% reached operating profit, above the 17% margin then. Total costs grew 12% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $0.22B, up 5% year over year. The effective tax rate was 20.1%.
Operating cash flow was −$1.7B. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items used $1.9B.
Questions
What was Axis Capital Holdings' revenue in the second quarter 2025?
Axis Capital Holdings (AXS) reported revenue of $1.6B for the second quarter 2025 (Q2 2025), +13% from a year earlier and +7% from the quarter before.
Was Axis Capital Holdings profitable in the second quarter 2025?
Operating profit was $280M (17.2% of revenue) and net earnings $223M.