AXIS Capital Holdings Limited
Financial ServicesNYSE:AXS · New York Stock Exchange
+$1.96 today
Vol 0.58M · Avg 0.56M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$6.6B of revenue converted into $1.1B of net income for the selected period. Gross margin is 40.3% and net margin is 16.1%, showing how much revenue survives after costs and taxes. EPS is $13.42, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.6B +9.1% | $6.0B +7.7% | $5.6B +5.4% | $5.3B -0.3% | $5.3B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $3.3B -22.2% | $4.2B -3.8% | $4.4B +3.0% | $4.3B +8.5% | $3.9B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $3.3B +83.0% | $1.8B +49.6% | $1.2B +15.0% | $1.0B -25.2% | $1.4B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 49.9% +20.2pp | 29.7% +8.3pp | 21.4% +1.8pp | 19.6% -6.5pp | 26.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $703.9M +5.7% | $666.2M -2.7% | $684.4M +0.6% | $680.3M +2.6% | $663.3M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $2.0B +162.2% | $781.5M -2.1% | $798.0M +0.1% | $797.3M +7.5% | $741.9M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $56.4M +1.9% | $55.3M -26.8% | $75.6M +10.6% | $68.3M +2.0% | $67.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.3B +19.2% | $1.1B +108.6% | $542.4M +44.8% | $374.6M -51.9% | $778.2M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 20.5% +1.8pp | 18.8% +9.1pp | 9.7% +2.6pp | 7.1% -7.6pp | 14.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | $1.2B +21.6% | $1.0B +153.0% | $398.4M +63.9% | $243.1M -62.5% | $648.9M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 18.7% +1.9pp | 16.8% +9.6pp | 7.1% +2.5pp | 4.6% -7.6pp | 12.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $66.7M -1.6% | $67.8M -1.0% | $68.4M +8.4% | $63.1M +1.4% | $62.3M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 -100.0% | $18.0M +331.3% | $4.2M +108.7% | $2.0M -93.8% | $32.1M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $1.2B +19.4% | $1.0B +154.9% | $402.6M +64.2% | $245.1M -64.0% | $681.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 18.7% +1.6pp | 17.0% +9.8pp | 7.2% +2.6pp | 4.6% -8.2pp | 12.8% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $216.7M +489.8% | -$55.6M -311.3% | $26.3M +19.4% | $22.0M -64.7% | $62.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $1.0B -6.7% | $1.1B +187.5% | $376.3M +68.7% | $223.1M -63.9% | $618.6M | $4.9B | $4.8B | $4.7B |
| Net Margin | 15.4% -2.6pp | 18.0% +11.2pp | 6.7% +2.5pp | 4.2% -7.4pp | 11.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $13 +0.2% | $12 +207.6% | $4 +78.9% | $2 -67.3% | $7 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $12 +0.0% | $12 +207.2% | $4 +78.7% | $2 -67.4% | $7 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $78.2M -7.1% | $84.2M -1.1% | $85.1M +0.3% | $84.9M +0.2% | $84.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $79.3M -6.9% | $85.2M -1.0% | $86.0M +0.4% | $85.7M +0.4% | $85.3M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
The Allstate Corporation
NYSE:ALL
$56.98B
Arch Capital Group Ltd.
NASDAQ:ACGL
$32.06B
RenaissanceRe Holdings Ltd.
NYSE:RNR
$12.77B
Popular, Inc.
NASDAQ:BPOP
$10.37B
Commerce Bancshares, Inc.
NASDAQ:CBSH
$8.12B
Lincoln National Corporation
NYSE:LNC
$7.13B
The Hanover Insurance Group, Inc.
NYSE:THG
$6.91B
OneMain Holdings, Inc.
NYSE:OMF
$6.57B
RLI Corp.
NYSE:RLI
$5.01B
Prospect Capital Corporation
NASDAQ:PSEC
$1.16B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does AXS generate?
AXIS Capital Holdings Limited (AXS) reported $6.56B of revenue in fiscal 2025.
Is AXS profitable?
AXIS Capital Holdings Limited (AXS) reported $1.01B of net income, with a net margin of 15.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.