Axos Financial, Inc. AX

FinancialsBanking ServicesUnited States of America

Last close 90.38 USD on Nov 1, 2026, +4.9% year to date

Quant rating

Quant rating B Rank 184 of 799 in Financials

Growth B 167 of 799
Valuation A 39 of 799
Quality C 462 of 799
Revisions B 260 of 799
Momentum C 451 of 799

Wall Street consensus Buy (1.86)Average target 117.71 USD +30.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.1B
Enterprise value: 5.1B
52-week range: 74.91 – 105.66
3-year range: 33.36 – 105.66
Dividend yield: –
Beta (5 years): 1.31
Shares outstanding: 56.7M
Next earnings: Jan 28, 2027

About the company

Axos Financial Inc. is the holding company for Axos Bank (the Bank), Axos Clearing LLC and Axos Invest, Inc. The Bank provides consumer and commercial banking products through its digital online and mobile banking platforms. Its segments include Banking Business and Securities Business. The Banking Business Segment includes a broad range of banking services, including online banking, concierge banking, and mortgage, vehicle and unsecured lending through online, low-cost distribution channels to serve the needs of consumers and small businesses nationally. In addition, the Banking Business Segment focuses on depositing products nationwide to industry verticals. The Securities Business Segment includes the clearing broker-dealer, registered investment advisor custody business, and introducing broker-dealer lines of businesses. These lines of business offer products independently to their own customers as well as to Banking Business Segment clients.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	1,957	1,815	1,656	1,157	660	–
Revenue growth	7.8%	9.7%	43.1%	75.4%	6.8%	25.9%
EPS (basic, normalized)	8.97	7.77	6.02	5.28	4.18	–
EPS growth	15.4%	29.2%	14.0%	26.3%	11.4%	19.0%
Gross margin	–	–	–	–	–	–
Net margin	25.1%	23.8%	27.2%	26.5%	36.5%	27.8%
ROE	17.3%	17.4%	21.6%	17.2%	15.8%	17.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	11.8%
Long-term debt (mil)	920
Net debt (mil)	–
Total equity (mil)	3,289
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2026 actual	1,957	+7.8%	2.6x	55.81	+17.8%	1.6x	8.74	+17.6%	10.3x
2027	1,638	−16.3%	3.1x	61.95	+11.0%	1.5x	9.67	+10.6%	9.3x
2028	1,814	+10.7%	2.8x	72.00	+16.2%	1.3x	10.90	+12.7%	8.3x
2029	–	–	–	10.00	−86.1%	9.0x	17.00	+55.9%	5.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	1,638	+1.0%	+1.0%	+1.1%	9.67	−1.6%	−1.6%	0.0%
2028	1,814	+0.9%	+1.0%	+2.2%	10.90	+0.9%	+0.9%	+1.4%
2029	–	–	–	–	17.00	–	–	–

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	295	291	302	308	309	321	323	385	392	380
Sales mean (mil)	285	300	299	304	305	312	320	346	369	375
Surprise	+3.4%	−3.1%	+1.0%	+1.4%	+1.2%	+2.9%	+0.9%	+11.4%	+6.2%	+1.2%
EPS reported	1.91	1.80	1.93	1.80	1.81	1.92	1.94	2.22	2.53	2.53
EPS mean	1.70	1.81	1.78	1.75	1.74	1.79	1.88	2.09	2.12	2.16
Surprise	+12.3%	−0.8%	+8.6%	+2.9%	+4.3%	+7.2%	+3.4%	+6.4%	+19.5%	+17.3%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
AX Axos Financial, Inc.	5.1B	11.8%	25.1%	0.96x	9.3x	8.3x	1.5x	1.3x
USB U.S. Bancorp	92.6B	12.2%	23.2%	1.36x	11.2x	10.1x	1.5x	1.4x
EWBC East West Bancorp, Inc.	17.9B	15.4%	30.9%	1.20x	12.1x	11.1x	1.9x	1.7x
PNFP Pinnacle Financial Partners, Inc.	15.4B	10.7%	22.4%	1.22x	9.9x	8.8x	1.1x	1.0x
SSB SouthState Bank Corp	10.2B	11.1%	23.6%	1.15x	11.2x	10.2x	1.1x	1.0x
ZION Zions Bancorporation, National Association	9.5B	11.9%	21.1%	1.26x	8.4x	9.4x	1.2x	1.1x
Mean		12.2%	24.4%	1.19x	10.4x	9.7x	1.4x	1.2x
Median		11.8%	23.4%	1.21x	10.6x	9.8x	1.3x	1.2x

Technical analysis

1M+3.0%
3M−8.9%
1Y+12.1%
3Y+159.3%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Axos Financial, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Interest income	1,957	1,815	1,656	1,157	660	618
Total interest expense	710	688	694	374	52.6	79.1
Net interest income	1,247	1,128	961	783	607	539
Loan loss provision	101	55.7	32.5	24.8	18.5	23.8
Net interest income after loan loss provision	1,146	1,072	929	758	589	515
Non-interest income	234	131	223	120	113	105
Non-interest expense	−733	−590	−516	−447	−362	−315
Net income before taxes	647	613	635	432	340	306
Provision for taxes	156	180	185	125	99.2	90.0
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	490	433	450	307	241	216
Extraordinary items	–	–	–	–	–	–
Net income	490	433	450	307	241	216
Basic weighted average shares (mil)	56.7	56.9	57.5	59.7	59.5	59.2
Diluted weighted average shares (mil)	56.7	56.9	58.7	60.6	60.6	60.5
Basic EPS excluding extraordinary items	8.66	7.61	7.83	5.15	4.04	3.64
Basic EPS, normalized	8.97	7.77	6.02	5.28	4.18	3.75

Balance sheet in millions of USD, fiscal years

Balance sheet, Axos Financial, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & due from banks	1,109	1,934	1,980	2,233	1,203	716
Other earning assets	1,372	504	488	787	1,057	1,240
Net loans	25,595	21,050	19,231	16,457	14,091	11,415
Property, plant & equipment	145	105	72.6	53.4	36.2	26.3
Goodwill	144	97.7	97.7	97.7	95.7	71.2
Intangibles	131	64.0	73.0	79.9	85.9	62.7
Long-term investments	–	–	–	–	–	–
Other long-term assets	–	78.5	51.7	–	–	–
Other assets	1,466	950	861	641	833	735
Total assets	29,962	24,783	22,855	20,348	17,401	14,266
Liabilities
Accounts payable	366	351	301	445	512	535
Payable/accrued	596	410	415	251	263	210
Accrued expenses	–	–	–	–	–	–
Total deposits	24,565	20,830	19,359	17,123	13,946	10,816
Other bearing liabilities	154	60.0	90.0	90.0	118	354
Short-term borrowings	195	139	74.2	160	474	729
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	920	313	326	362	445	221
Minority interest	–	–	–	–	–	–
Other liabilities	0	0	0	0	0	0
Total liabilities	26,795	22,102	20,565	18,431	15,758	12,865
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.7	0.7	0.7	0.7	0.7	0.7
Additional paid-in capital	593	549	510	480	454	433
Retained earnings (accumulated deficit)	3,109	2,619	2,186	1,736	1,428	1,188
Treasury stock	−540	−488	−403	−292	−237	−223
Other equity	3.9	0.3	−2.5	−6.6	−2.9	2.5
Total equity	3,166	2,681	2,291	1,917	1,643	1,401
Total liabilities & shareholders' equity	29,962	24,783	22,855	20,348	17,401	14,266

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Axos Financial, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	490	433	450	307	241	216
Depreciation, depletion & amortization	80.6	29.0	27.1	23.4	24.6	24.1
Deferred taxes	93.2	−28.0	33.1	−19.6	−9.4	−8.8
Non-cash items	−48.7	−73.8	−127	17.1	6.7	33.2
Changes in working capital	−57.9	130	−77.3	−131	−46.0	148
Cash from operations	558	490	305	197	217	413
Investing activities
Capital expenditures	−266	−54.2	−36.0	−30.2	−21.5	−10.4
Other investing cash flows	−4,769	−1,787	−2,553	−2,369	−2,762	−856
Cash from investing	−5,036	−1,841	−2,589	−2,399	−2,783	−867
Financing activities
Financing cash flow items	3,797	1,413	2,220	3,143	2,878	−423
Cash dividends paid	–	–	–	–	–	−0.1
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−187	−71.4	−132	−133	225	−35.2
Cash from financing	3,610	1,341	2,087	3,010	3,103	−459
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−869	−9.4	−196	807	537	−913
Free cash flow	291	436	270	166	195	402

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.