Filing Flows › Axis Capital Holdings (AXS) › Q3 2025
Axis Capital Holdings (AXS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 29, 2025
Axis Capital Holdings (AXS) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +3% from the quarter before. Operating margin was 22.1%, net earnings $302M (18.0% of revenue).
Axis Capital Holdings, Q3 2025: revenue $1.7B (+4% year over year), operating margin 22.1%, net earnings $302M, operating cash flow $674M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +3% | +4% |
| Operating profit | $370M | +32% | +63% |
| Net earnings | $302M | +35% | +67% |
| Operating cash flow | $674M | — | +15% |
What changed
Revenue was $1.7B in Q3 2025, up 4% year over year and up 3% from the previous quarter.
Operating profit was $0.37B, a 22.1% margin (up 8.0 points year over year). Of the extra revenue versus a year earlier, 225% reached operating profit, above the 14% margin then. Total costs fell 6% while revenue rose 4%. Net earnings were $0.30B, up 67% year over year. The effective tax rate was 18.9%.
Operating cash flow was $0.67B (up 15% year over year), 223% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.36B.
Questions
What was Axis Capital Holdings' revenue in the third quarter 2025?
Axis Capital Holdings (AXS) reported revenue of $1.7B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +3% from the quarter before.
Was Axis Capital Holdings profitable in the third quarter 2025?
Operating profit was $370M (22.1% of revenue) and net earnings $302M.