Axos Financial (AX) Q3 FY2026 earnings: revenue $392 million, up 27.0% on the year

Axos Financial, Inc. (AX) reported revenue of $392 million for Q3 FY2026, the quarter ended 31 March 2026, up 27.0% on the same quarter a year earlier. Net income was $125 million, up 18.5% on the year, and diluted earnings per share $2.15. The figures are the company's own, from the 10-Q it filed with the SEC on 30 April 2026.

Revenue$392 millionup 27.0%

Net income$125 millionup 18.5%

Diluted EPS$2.15

QuarterQ3 FY2026ended 31 March 2026

The quarter, against the one before and a year earlier

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Revenue	392	385	309	+27.0%
Interest expense	172	182	157	+9.4%
Pre-tax income	165	176	148	+11.6%
Income tax	40.6	47.1	42.9	-5.3%
Effective tax rate	24.6%	26.8%	29.0%
Net income	125	128	105	+18.5%
Net margin	31.8%	33.3%	34.1%
Diluted EPS	$2.15	$2.22	$1.81	+18.8%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Operating cash flow	42.0	104	73.7	-43.0%
Capital expenditure	143	18.7	8.6	+1575.5%
Free cash flow	-101	85.4	65.1	n/a
Cash from investing	-881	-2,384	-678	n/a
Cash from financing	849	735	188	+351.5%
Depreciation and amortisation	22.3	23.2	6.8	+225.2%
Share-based compensation	11.3	10.5	10.9	+3.6%
Buybacks	n/a	n/a	25.9	n/a
Diluted shares, weighted	57m	57m	57m	-0.5%
Shares outstanding at period end	57m	57m	57m	+0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2026	Q2 FY2026	Q3 FY2025	Change on the year
Shareholders' equity	3,065	2,930	2,604	+17.7%
Deposits	22,388	23,233	20,137	+11.2%
Debt	n/a	n/a	377	n/a
Other liabilities	3,796	2,039	863	+339.8%
Total liabilities and equity	29,249	28,201	23,981	+22.0%
Goodwill	144	144	97.7	+47.8%
Securities held for sale or to maturity	801	811	80.0	+902.3%
Loans	24,958	24,273	20,194	+23.6%
Securities borrowed	133	109	91.9	+44.7%
Trading assets	0.4	0.9	0.3	+28.3%
Cash and equivalents	1,168	1,010	2,001	-41.6%
Other assets	2,044	1,853	1,516	+34.8%
Total assets	29,249	28,201	23,981	+22.0%

Questions

What was Axos Financial's revenue in Q3 FY2026?

Axos Financial (AX) reported revenue of $392 million for Q3 FY2026, the quarter ended 31 March 2026, up 27.0% on the same quarter a year earlier.

How much did Axos Financial earn in Q3 FY2026?

Net income for Q3 FY2026 was $125 million, up 18.5% on the year, and diluted earnings per share $2.15.

When did Axos Financial report Q3 FY2026 results?

Axos Financial filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 30 April 2026.

Quarterly results, the last 12 quarters

	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	246	353	295	291	321	308	309	321	323	385	392	380
Interest expense	153	166	182	193	192	176	157	162	175	182	172	181
Pre-tax income	118	217	156	144	159	150	148	156	150	176	165	156
Tax rate	30%	30%	29%	27%	29%	30%	29%	29%	25%	27%	25%	20%
Net income	82.6	152	111	105	112	105	105	111	112	128	125	125
Net margin	34%	43%	38%	36%	35%	34%	34%	34%	35%	33%	32%	33%
Diluted EPS	$1.38	$2.62	$1.91	$1.80	$1.93	$1.80	$1.81	$1.92	$1.94	$2.22	$2.15	$2.16
Operating cash flow	34.2	113	115	43.8	70.8	163	73.7	183	118	104	42.0	293
Capital expenditure	6.5	10.5	8.4	10.5	17.8	6.1	8.6	21.8	9.1	18.7	143	95.3
Free cash flow	27.7	103	106	33.3	53.0	156	65.1	162	109	85.4	-101	198
Buybacks	18.5	64.1	0.6	13.1	0.0	0.0	25.9	32.3	n/a	n/a	n/a	n/a
Shares outstanding	59m	57m	57m	57m	57m	57m	57m	56m	57m	57m	57m	57m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2026, filed 30 April 2026, accession 0001299709-26-000035: the filing on EDGAR. All of Axos Financial, Inc.'s filings: EDGAR company page.

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