AX Axos Financial, Inc.

Overview and Growth

Axos Financial, Inc. generated $81.25M of revenue and net income of $490.37M in fiscal 2026. At $81.25M, revenue provides the top-line context for the bank’s net income and balance-sheet returns, two central measures of earnings efficiency for a financial institution. The top line expanded 23.5% from $65.79M in fiscal 2025, increasing the company’s operating scale. On a per-share basis, diluted EPS was $8.48, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 14.1% increase from fiscal 2025 diluted EPS of $7.43. A diluted share base of 56.66M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 0.4% lower than fiscal 2025, when diluted shares averaged 56.86M, adding context to the EPS comparison. Total assets stood at $29.96B, defining the scale of the bank’s financial balance sheet and providing the base for evaluating earnings returns, capitalization, liquidity, and its shareholder-capital buffer.

Profitability

Bottom-line earnings totaled $490.37M for the fiscal year. Net margin was 603.5%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $646.67M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 795.9%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $156.30M, providing the reported tax component that separates pretax and after-tax earnings. The income-tax provision equaled 24.2% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 15.5%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 1.6%, showing earnings relative to the full balance sheet. The company moved from fiscal 2025 net income of $432.91M to $490.37M, with the current outcome ending above that comparison. The balance-sheet-intensive banking model makes net income, return on assets, and return on equity the most relevant links between earnings and financial scale. Asset-based returns show the earnings produced by the bank’s full balance sheet, while equity-based returns relate that result specifically to the shareholder-capital base and clarify the relationship between them.

Liquidity and Capital Structure

At period end, the $29.96B asset base was financed through $26.80B of liabilities and $3.17B of equity. Reported cash and equivalents were $1.11B, separating immediately recognizable cash resources from the rest of the current-asset base. The equity-to-assets relationship was 10.6%, placing book capital against the total resource base. The liabilities-to-assets relationship was 89.4%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 3.7% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $24.78B in fiscal 2025, the current asset base moved 20.9% and finished higher. Reported equity changed 18.1% from $2.68B in fiscal 2025, placing the current capital base higher year over year. Compared with $1.93B in fiscal 2025, the current cash balance moved 42.7% and finished lower. Equity capitalization is particularly important for a bank because it provides the loss-absorbing layer beneath a predominantly liability-funded balance sheet. Year-over-year movement in total assets shows whether the banking platform expanded or contracted, while the accompanying change in book equity shows how shareholder capital moved alongside that balance-sheet scale.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Oct 21, 2026.