Axos Financial (AX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Axos Financial

NYSE•Financial Services•Banks - Regional

$92.54-0.14(<0.01%)Pre-market

Market Cap

$5.19B

P/E

10.6x

P/S

2.4x

P/B

1.6x

Axos Financial, Inc., together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers various deposits products, including consumer and business checking, savings, and time deposits; and demand accounts, and money market accounts. It also provides residential single family, multifamily, and commercial mortgage loans; loans secured by commercial real estate properties; loans secured by commercial assets and non-bank lenders; auto and unsecured loans and other loans; and lender finance loans, asset-based loans, capital call facilities, equipment lending and leasing, retail and floor plan marine loans, and other consumer loans. In addition, the company offers a range of investment and wealth management services, such as disclosed clearing, recordkeeping, trade reporting, and reorganization assistance services, and securities clearing and custody, as well as margin loans and securities lending services; and retail self-directed and digital advice services. It offers it services through its digital online and mobile banking platforms, distribution channels, and affinity partners. The company was formerly known as BofI Holding, Inc. and changed its name to Axos Financial, Inc. in September 2018. Axos Financial, Inc. was incorporated in 1999 and is based in Las Vegas, Nevada.

How this company scores

WeakMetricSide Score: 71/100

Grade capped at D — Interest coverage below 1× (0.9x) — earnings cannot cover interest. Strongest: Profitability (22/25); weakest: Cash & Earnings Quality (13/25).

Profitability22/25

Growth20/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality13/25

Strengths

Strong marginsHigh ROELow leverageProfit converts from growth

Grade capped at D

Interest coverage below 1× (0.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.6x5y range 6.7x – 14.4x

Currently near its 20-quarter median.

P/S · 2.4x5y range 1.6x – 4.5x

Currently near its 20-quarter median.

P/B · 1.6x5y range 1.1x – 2.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 6.3% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $5.19B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.19B
Q. Revenue: $561.01M
TTM EBITDA: $727.29M
TTM Op. Income: $646.67M
Q. Op. Income: $155.97M
TTM Net Income: $490.37M
Q. Net Income: $124.95M
EPS: $2.202
Shares Out.: $56.73M

$2.19B in TTM revenue grew 12.5% YoY, reaching $561.01M last quarter. TTM EBITDA of $727.29M and TTM operating income of $646.67M show growth is flowing through to the bottom line. TTM net income of $490.37M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 67.7%
EBITDA Margin: 32.6%
Op. Margin: 27.8%
Net Margin: 22.3%

Op. margin of 27.8% is down 4.4% YoY — costs are rising relative to revenue. Net margin at 22.3% and gross margin of 67.7% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.6x
P/S Ratio: 2.4x
P/B Ratio: 1.6x

At 10.6x P/E, the stock trades below typical market levels. P/S of 2.4x and P/B of 1.6x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 7% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $29.96B
Cash: $1.11B
Long-Term Debt: $342.92M
Book Value: $3.17B
D/E Ratio: 0.1
Debt/EBITDA: 1.9

With $29.96B in assets and $342.92M in long-term debt, D/E is 0.1and book value is $3.17B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $293.03M
TTM Free Cash Flow: $291.15M
FCF Margin: 13.3%
FCF / Net Income: 0.6

TTM FCF of $291.15M on $293.03M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 33% — an improving trend.