Filing Flows › Axis Capital Holdings (AXS) › Q4 2025
Axis Capital Holdings (AXS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Axis Capital Holdings (AXS) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +4% from the quarter before. Operating margin was 19.0%, net earnings $290M (16.7% of revenue).
Axis Capital Holdings, Q4 2025: revenue $1.7B (+18% year over year), operating margin 19.0%, net earnings $290M, operating cash flow $630M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +4% | +18% |
| Operating profit | $330M | -11% | +24% |
| Net earnings | $290M | -4% | -1% |
| Operating cash flow | $630M | -6% | +77% |
What changed
Revenue was $1.7B in Q4 2025, up 18% year over year and up 4% from the previous quarter.
Operating profit was $0.33B, a 19.0% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 18% margin then. Total costs grew 17% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $0.29B, down 1% year over year. The effective tax rate was 13.7%.
Operating cash flow was $0.63B (up 77% year over year), 218% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.33B.
Questions
What was Axis Capital Holdings' revenue in the fourth quarter 2025?
Axis Capital Holdings (AXS) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +4% from the quarter before.
Was Axis Capital Holdings profitable in the fourth quarter 2025?
Operating profit was $330M (19.0% of revenue) and net earnings $290M.