Company data sheet · Axos Financial
Axos Financial: ahead of almost everyone like it.
- Industry
- Savings Institution, Federally Chartered
- Ticker
- AX (NYSE)
- Sources
- SEC filings (2004–2026), Stratrix's verified Decision Cases, market data and official economic statistics
- Data as of
- November 15, 2026
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 285% in US dollars; the median among 311 large financial companies grew 81%. It outgrew 88% of them.
- Profitable every year. Axos Financial made money in each of its last eleven fiscal years, from $0.1 billion (fiscal 2016) to $0.5 billion (fiscal 2026).
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2018 | $0 billion | $0.2 billion | |
| 2019 | $0 billion | $0.2 billion | |
| 2020 | $0 billion | $0.2 billion | |
| 2021 | $0 billion | $0.2 billion | |
| 2022 | $0.1 billion | $0.2 billion | |
| 2023 | $0.1 billion | $0.3 billion | |
| 2024 | $0.1 billion | $0.5 billion | |
| 2025 | $0.1 billion | $0.4 billion | |
| 2026 | $0.1 billion | $0.5 billion |
As reported in its annual filings. Losses in red.
Has Axos Financial had layoffs?
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 1,781 full-time employees | June 30, 2024 |
| 10-K for 2025 | 1,989 | June 30, 2025 |
| 10-K for 2026 | 2,191 | June 30, 2026 |
Job cuts, severance and restructuring
None of Axos Financial’s annual reports for 2024 to 2026 describes a layoff, workforce reduction or restructuring.
Axos Financial has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
What has Axos Financial acquired?
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
E*TRADE Advisor Services ("EAS"), the registered investment advisor custody business of Morgan Stanley“On August 2, 2021, Axos Clearing, LLC, acquired certain assets and liabilities of E*TRADE Advisor Services (“EAS”), the registered investment advisor custody business of Morgan Stanley.” 10-K for 2024 | agreed acquisition | August 2, 2021 | — |
marine floor financing loans and other assets (servicing rights and certain employees)“On August 23, 2023, the Company acquired approximately $52 million of marine floor financing loans at par value along with other assets for an additional $2 million, primarily consisting of servicing rights as well as certain employees.” 10-K for 2024 | acquisition | August 23, 2023 | approximately $52 million of marine floor financing loans at par value along with other assets for an additional $2 million |
two loan portfolios from the Federal Deposit Insurance Corporation (FDIC Loan Purchase)“On December 7, 2023, the Company acquired from the Federal Deposit Insurance Corporation (“FDIC”) two loan portfolios, comprising both purchased credit deteriorated (“PCD”) and non-PCD loans, with an aggregate unpaid principal balance of $1.3 billion at a fair value of $901.5 million, reflecting a non-credit-related discount of $306.8 million and an allowance for credit losses on PCD loans of $70.1 million, (the “FDIC Loan Purchase”).” 10-K for 2024 | acquisition | December 7, 2023 | aggregate unpaid principal balance of $1.3 billion at a fair value of $901.5 million |
marine floor financing loans and other assets“On August 23, 2023, the Company acquired approximately $52 million of marine floor financing loans at par value along with other assets for an additional $2 million, primarily consisting of servicing rights as well as certain employees.” 10-K for 2025 | acquisition | On August 23, 2023 | approximately $52 million of marine floor financing loans at par value along with other assets for an additional $2 million |
two loan portfolios from the Federal Deposit Insurance Corporation (FDIC) (FDIC Loan Purchase)“On December 7, 2023, the Company acquired from the Federal Deposit Insurance Corporation (“FDIC”) two loan portfolios, comprising both purchased credit deteriorated (“PCD”) and non-PCD loans, with an aggregate unpaid principal balance of $1.3 billion at a fair value of $901.5 million, reflecting a non-credit-related discount of $306.8 million and an allowance for credit losses on PCD loans of $70.1 million, (the “FDIC Loan Purchase”).” 10-K for 2025 | acquisition | On December 7, 2023 | aggregate unpaid principal balance of $1.3 billion at a fair value of $901.5 million |
Verdant Commercial Capital, LLC“On September 30, 2025, the Company completed the acquisition of 100% of the membership interests in Verdant Commercial Capital, LLC (“Verdant”) in an all-cash transaction, which increases the Company’s scale and enhances the Company’s existing equipment leasing business.” 10-K for 2026 | acquisition | September 30, 2025 | — |
Capital One, National Association IRA savings and IRA certificate of deposit deposits“On April 22, 2026, the Bank entered into a purchase and assumption agreement with Capital One, National Association to acquire approximately $3.2 billion of deposits, comprising IRA savings and IRA certificate of deposit accounts.” 10-K for 2026 | agreed acquisition | April 22, 2026 | approximately $3.2 billion |
United States consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK“On May 2, 2026, the Bank completed its previously announced acquisition of all of the United States consumer deposits of Jenius Bank, a digital banking business of SMBC MANUBANK (“SMBC”), pursuant to the terms of the Purchase and Assumption Agreement, dated February 12, 2026.” 10-K for 2026 | acquisition | May 2, 2026 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-06-30 | $0 | — |
| 2018-06-30 | $0 | — |
| 2019-06-30 | −$67.3 million | $35.5 million |
| 2020-06-30 | $0 | $0 |
| 2021-06-30 | $0 | $0 |
| 2022-06-30 | $54.6 million | $24.5 million |
| 2023-06-30 | $5.5 million | $2 million |
| 2024-06-30 | $0 | $0 |
| 2025-06-30 | $0 | $0 |
Deal filings since 2016
- 2026-09-21 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-05-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2026-04-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-02-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-09-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-09-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-01-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-02-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-29 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-11-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-03-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
What are Axos Financial's subsidiaries?
Subsidiaries it lists
| Subsidiary | Jurisdiction |
|---|---|
| Axos Nevada Holding, LLC | Nevada |
| Zenith Information Systems, Inc. | California |
| Axos Securities, LLC | Nevada |
| Axos Invest, Inc. | Delaware |
| Axos Invest LLC | Delaware |
| Axos Digital Assets LLC | Delaware |
| Axos Clearing LLC | Delaware |
| Axos Services, LLC | Nevada |
| Axos Business Center Corp. | Philippines |
| BofI Trust I | Delaware |
| LASFin Commercial Mortgage Trust 2023 | New York |
| Axfin Mortgage Trust 2019-1 | New York |
| Axos Capital, LLC | Nevada |
| Axos Commercial Lending Services LLC | Nevada |
| Axos Intellectual Property, LLC | Nevada |
| Axos Securities Investments, LLC | Nevada |
| Axos Fund I, LLC | Delaware |
| Axos CLO Investments, LLC | Delaware |
| BlueFin CLO LLC | Delaware |
| ASI Trust | Delaware |
| Axos Bank | United States of America |
| Axos Nevada, LLC | Nevada |
| Axos Community Infrastructure, LLC | Nevada |
| Sabre Springs Real Estate, LLC | Delaware |
| Sabre Springs Amenities, LLC | Delaware |
| Verdant Commercial Capital, LLC | Delaware |
| Verdant Receivables 2025-1, LLC | Delaware |
| Verdant Receivables 2024-1, LLC | Delaware |
| Verdant Receivables 2023-1, LLC | Delaware |
| Verdant Receivables 2022-1, LLC | Delaware |
| Verdant ATT, LLC | Delaware |
| Verdant Commercial Capital Titling Trust | Delaware |
From Exhibit 21 of the 10-K for 2026. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.
Layoffs, acquisitions, competitors and subsidiaries are read from Axos Financial’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024), as of 2026-08-20.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 34 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (13 with market data).
- Peer comparison: against 505 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.
Tools to try
- Ansoff move finderFramework: Ansoff Matrix
- Business model canvas builderFramework: Business Model Canvas
- Change readiness checkFramework: Kotter's 8-Step Change Model
- Five Forces scorerFramework: Porter's Five Forces
- SMART goal builderFramework: SMART Goals
- SWOT builderFramework: SWOT Analysis
More from Stratrix
The Business Model Wizard
Make the seven choices that define your model, test your numbers against real companies, and meet the rival AI would build against you.
Free · about twelve minutesBuild your Model Thesis →Test a decision, free
Set a live decision against the companies that made it before you.
AcquisitionsThe Distance TestDivestituresThe Divestiture TestDiversificationThe Diversification TestMake or buyThe Make-or-Buy TestWeekly email
Stratonomics, every Tuesday
One data story every Tuesday: what happened, what it means, and the figures you can quote. Free.