Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +40.5% EPS YoY: +45.9% Move: -2.42%

Axos Financial Inc

$86.14 -2.42%

Exchange NYSE Sector Financial Services Industry Banks Regional

Q3 2024

Published: Apr 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for AX

Reported

Report Date

Apr 30, 2024

Quarter Q3 2024

Revenue

472.27M

YoY: +40.5%

EPS

1.91

YoY: +45.9%

Market Move

-2.42%

Previous quarter: N/A

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Earnings Highlights

Revenue of $472.27M up 40.5% year-over-year
EPS of $1.91 increased by 45.9% from previous year
Gross margin of 60.2%
Net income of 110.72M
"We delivered outstanding results, generating double-digit year-over-year growth in earnings per share, book value per share, and ending loan balances for a seventh consecutive quarter." - Greg Garrabrants

Company AX

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 7, 2026

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Executive Summary

Axos Financial delivered a solid Q3 2024, marking another quarter of double-digit earnings growth and continued loan and deposit expansion. Net income reached $111 million with diluted EPS of $1.91, up 38.7% and 45% respectively year over year, while ending loans rose 2.6% sequentially to $18.7 billion. Net interest margin (NIM) stood at 4.87%, benefiting from balance sheet liquidity and a favorable mix, including a one-time 3 bp lift from an FDIC loan purchase. Management highlighted ongoing organic loan growth in non-real estate lender finance, single-family warehouse and fund finance, supported by broad-based deposit growth of roughly $0.9 billion in the quarter (a 20% annualized pace).

Key Performance Indicators

Revenue

Increasing

472.27M

QoQ: 12.33% | YoY: 40.46%

Gross Profit

Increasing

284.31M

60.20% margin

QoQ: 18.02% | YoY: 27.85%

Operating Income

Increasing

155.54M

QoQ: -28.45% | YoY: 35.63%

Net Income

Increasing

110.72M

QoQ: -27.05% | YoY: 38.66%

EPS

Increasing

1.94

QoQ: -26.79% | YoY: 45.86%

Revenue Trend

Margin Analysis

Financial Highlights

Q3 2024 highlights and drivers:
- Revenue: $472.268 million, up 40.5% YoY and 12.3% QoQ.
- Gross profit: $284.31 million, up 27.9% YoY and 18.0% QoQ; gross margin ~60.2%.
- Operating income: $155.54 million, up 35.6% YoY; QoQ decline of 28.5% due to seasonality in non-interest expenses.
- Net income: $110.72 million, up 38.7% YoY; EPS (diluted) $1.91, up 45% YoY; EPS (reported) $1.94.
- Net interest margin (NIM): 4.87% consolidated; banking NIM 4.92%; above guidance of 4.25%–4.35%.
- Ended loans: $18.7 billion, up 2.6% QoQ (10.4% annualized).
- Deposits: up ~$900 million in the quarter; total deposits diversified and non-interest bearing deposits ~ $2.8 billion.
- Efficiency & cash flow: Operating cash flow $115.8 million; free cash flow $107.3 million; net change in cash +$582.2 million; cash at end of period $2.345 billion.
- Credit: NCOs annualized 7 bps; NPLs remain well-contained across CRE and multifamily portfolios; loan mix is biased toward floating/adjustable-rate and shorter-duration exposures.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	472.27M	40.46%	12.33%
Gross Profit	284.31M	27.85%	18.02%
Operating Income	155.54M	35.63%	-28.45%
Net Income	110.72M	38.66%	-27.05%
EPS	1.94	45.86%	-26.79%

Key Financial Ratios

Gross Profit Margin

Excellent

93.00%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

32.60%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Excellent

23.20%

Net profit margin is exceptional, indicating strong pricing power and operational efficiency

Return on Assets

Weak

0.49%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

5.04%

Return on equity is acceptable but below top-tier companies

Current Ratio

Concern

0.79

Current ratio below safe levels, potential liquidity risk

Debt to Equity

Conservative

0.28

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Value

6.74x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.36x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	461.92	1.81	-2.2%	View
Q2 2025	479.57	1.80	+14.1%	View
Q1 2025	508.56	1.93	+28.9%	View
Q4 2024	480.45	1.80	+27.9%	View
Q3 2024	472.27	1.91	+40.5%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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