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Axis Capital Holdings vs Mercury General: AXS and MCY compared
Axis Capital Holdings is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.4B for Mercury General (Q3 2026). Axis Capital Holdings is growing faster (+7% against -13% a year earlier). Axis Capital Holdings is more profitable, with an operating margin of 14.3% against -1.7%.
Where the money goes: AXS and MCY
Axis Capital Holdings (AXS) · Q3 2026
Axis Capital Holdings, Q3 2026: revenue $1.8B (+7% year over year), operating margin 14.3%, net earnings $209M, operating cash flow $878M. The chart follows the revenue to costs, profit and cash.
Mercury General (MCY) · Q3 2026
Mercury General, Q3 2026: revenue $1.4B (-13% year over year), operating margin -1.7%, net loss $13.7M, operating cash flow $387M. The chart follows the revenue to costs, profit and cash.
| Axis Capital Holdings (AXS) | Mercury General (MCY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.8B | $1.4B |
| Revenue growth, Y/Y | +7% | -13% |
| Operating margin | 14.3% | -1.7% |
| Net earnings | $209M | −$13.7M |
| Net margin | 11.7% | -1.0% |
| Operating cash flow | $878M | $387M |
| Free cash flow | — | $373M |
| Market value | $7.8B | $4.7B |
| P/E | 8.1× | 7.3× |
| Analysts’ mean target | $120.64 | $120.00 |
Questions
Which is bigger, Axis Capital Holdings or Mercury General?
Axis Capital Holdings is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.4B for Mercury General (Q3 2026).
Is Axis Capital Holdings or Mercury General growing faster?
Axis Capital Holdings is growing faster (+7% against -13% a year earlier).
Which is more profitable, Axis Capital Holdings or Mercury General?
Axis Capital Holdings is more profitable, with an operating margin of 14.3% against -1.7%.
More: Axis Capital Holdings earnings · how Axis Capital Holdings makes money · Mercury General earnings · how Mercury General makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.