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Branchless US digital bank offering consumer/commercial banking, securities clearing and specialty lending entirely online.
Branchless US digital bank offering consumer/commercial banking, securities clearing and specialty lending entirely online.
Funds its loans with deposits gathered online, so most earnings come from the gap between interest paid to depositors and interest earned on loans, such as mortgages on homes and apartment buildings plus lending to funds and businesses. Fee income comes from clearing trades for brokers and holding client assets for advisers. Formerly BofI Holding, it renamed itself in 2018.
In one line: A branchless digital bank.
Moat: narrow (cost advantage, scale). Branchless model gives a structurally lower cost base than branch banks.
Headquarters: Las Vegas, Nevada, USA · Founded: 2000 · Employees: 2,191
Size Axos Financial (AX) is a United States Financials company (Major Banks) with a market value of $5.26B, the 1152nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $92.67 on 6 Nov 2026.
Performance Over six months the shares gained 6.5%, against +4.1% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 17.7% over the last twelve months (peer median +6.5%); the operating margin is 43.3% (peer median 36.5%).
Valuation It trades at 1.60× book value against a peer median of 0.98× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 16.5%; Axos Financial delivers 16.7%, so the price asks less than the business earns today.
Short interest Short interest is 5.8% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $2.27B | $2.19B | $1.95B | $1.79B | $1.28B |
| Revenue growth | — | +13% | +9% | +40% | — |
| Net income | $508M | $490M | $433M | $450M | $307M |
| Free cash flow | $392M | $260M | $443M | $290M | $267M |
| Capital expenditure | $317M | $266M | $154M | $36.0M | $30.2M |
| Total debt | $1.15B | $1.32B | $571M | $556M | $681M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Axos Financial AX | $5.26B | +7% | +18% | 17% | 1.60× | 16.5% |
| SOFI SOFI | $21.0B | +3% | +38% | 7% | 1.86× | 27.5% |
| Western Alliance Bancorp WAL | $8.13B | -8% | +8% | 13% | 1.11× | 12.9% |
| East West Bancorp EWBC | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | -0.6% | 5th highest of 21 |
| 6-month return | +6.5% | +4.1% | 10th highest of 21 |
| Return on equity | 16.7% | 9.2% | 3rd highest of 21 |
| Price / book | 1.60× | 0.98× | 3rd most expensive of 21 |
| Trailing P/E | 10.6× | 12.2× | 6th cheapest of 21 |
| ROE the price implies | 16.5% | 9.6% | 5th most demanding of 19 |
| ROE delivered | 16.7% | 9.4% | 3rd highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Axos Financial AX | United States | $5.26B | +7% | +18% | 17% | 1.60× | 16.5% | 16.7% |
| St.Galler Kantonalbank SGKN.SW | Switzerland | $5.22B | +19% | -13% | 8% | 1.37× | n/a | 7.6% |
| Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVAL | United States | $5.29B | -5% | +15% | 11% | 0.95× | 7.8% | 10.8% |
| Bank of Chongqing 601963.SS | China | $5.13B | +7% | +5% | 10% | 0.65× | 3.0% | 9.8% |
| Associated Banc-Corp ASB | United States | $5.64B | +6% | +23% | 10% | 1.07× | 9.3% | 10.2% |
| Yes Bank YESBANK.NS | India | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% | 8.2% |
| 77 Bank 8341.T | Japan | $4.66B | +7% | +21% | 9% | 0.95× | 5.9% | 9.4% |
| Bank of East Asia 0023.HK | Hong Kong | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% | 3.2% |
| Fulton Financial FULT | United States | $4.54B | +11% | +3% | 12% | 1.29× | 10.5% | 11.6% |
| Banco Macro SA Sponsored ADR BMA | United States | $4.53B | -21% | +4% | 7% | 0.87× | 11.3% | 7.5% |
| RBL Bank RBLBANK.NS | India | $6.21B | +10% | +9% | 4% | 1.35× | 23.1% | 4.0% |
| Indian Overseas Bank IOB.NS | India | $6.23B | -13% | +14% | 18% | 1.46× | 17.2% | 17.9% |
| F.N.B FNB | United States | $6.28B | 0% | +2% | 9% | 0.92× | 8.9% | 9.0% |
| Liechtensteinische Landesbank LLBN.SW | Switzerland | $4.40B | +24% | -2% | 8% | 1.48× | n/a | 7.7% |
| Texas Capital Bancshares TCBI | United States | $4.39B | +1% | +3% | 10% | 1.34× | 9.8% | 10.2% |
| First Financial Bankshares FFIN | United States | $4.36B | -6% | +8% | 16% | 2.38× | 17.0% | 15.9% |
| Flagstar Bank, National Association FLG | United States | $4.21B | -26% | -18% | 1% | 0.59× | 7.4% | 1.2% |
| Bank of India BANKINDIA.NS | India | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% | 14.1% |
| Bank of Maharashtra MAHABANK.NS | India | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% | 23.3% |
| Kyushu Financial 7180.T | Japan | $3.79B | +7% | +15% | 5% | 0.73× | 6.6% | 4.9% |
| Sparebanken Norge SBNOR.OL | Norway | $3.78B | +8% | +62% | 7% | 0.71× | 6.1% | n/a |