AXIS Capital Holdings Limited (AXS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 1.64B | 1.73B | 1.69B | 1.54B | 1.47B | 1.58B | 1.52B | 1.47B | 1.44B | 1.42B | 1.48B | 1.35B | 1.34B | 1.37B | 1.37B | 1.26B | 1.31B | 1.39B | 1.37B | 1.32B |
| Revenue Growth % | 11.98% | 9.44% | 11.42% | 4.72% | 1.69% | 11.97% | 2.44% | 8.69% | 7.92% | 3.31% | 8.56% | 7.22% | 2.41% | -1.34% | 0.06% | -4.45% | 4.82% | 15.44% | 15.17% | 11.89% |
| Medical Costs & Claims | 867.28M | 859.43M | 1.13B | 1.08B | 1.05B | 1.11B | 1.11B | 1.03B | 982.92M | 1.41B | 1.05B | 989.52M | 951.01M | 1.07B | 1.18B | 1.03B | 981.05M | 968.4M | 1.14B | 885.54M |
| Medical Cost Ratio % | 52.77% | 49.55% | 66.56% | 69.96% | 71.57% | 69.93% | 72.83% | 70.1% | 68.1% | 99.36% | 70.6% | 73.12% | 71.1% | 78.38% | 86.53% | 81.38% | 75.11% | 69.74% | 83.7% | 67.04% |
| Gross Profit | 776.35M | 875.01M | 566.2M | 462.65M | 417.3M | 476.54M | 412.94M | 439.77M | 460.52M | 9.12M | 436.16M | 363.75M | 386.53M | 296.22M | 184.13M | 234.96M | 325.08M | 420.21M | 222.63M | 435.43M |
| Gross Margin % | 47.23% | 50.45% | 33.44% | 30.04% | 28.43% | 30.07% | 27.17% | 29.9% | 31.9% | 0.64% | 29.4% | 26.88% | 28.9% | 21.62% | 13.47% | 18.62% | 24.89% | 30.26% | 16.3% | 32.96% |
| Gross Profit Growth % | 86.04% | 83.62% | 37.11% | 5.2% | -9.39% | 5124.07% | -5.32% | 20.9% | 19.14% | -96.92% | 136.88% | 54.81% | 18.9% | -29.51% | -17.3% | -46.04% | 4.02% | 173.07% | 194.55% | 57.85% |
| Operating Expenses | 468.2M | 539.44M | 196.16M | 182.39M | 181.19M | 209.58M | 185.91M | 195.16M | 190.88M | 194.79M | 226.38M | 187.62M | 188.33M | 217.34M | 186.31M | 206.19M | 187.4M | 203.97M | 178.41M | 181.89M |
| OpEx / Revenue % | 28.49% | 31.1% | 11.59% | 11.84% | 12.34% | 13.22% | 12.23% | 13.27% | 13.22% | 13.76% | 15.26% | 13.86% | 14.08% | 15.86% | 13.63% | 16.34% | 14.35% | 14.69% | 13.06% | 13.77% |
| Depreciation & Amortization | 2.4M | 63.69M | 13.88M | 13.48M | 13.79M | 13.13M | 14.28M | 13.64M | 14.26M | 13.17M | 31.2M | 16.21M | 14.97M | 15.82M | 21.41M | 15.34M | 15.71M | 20.01M | 15.62M | 16.25M |
| Combined Ratio % | 81.25% | 80.65% | 78.15% | 81.8% | 83.91% | 83.15% | 85.06% | 83.37% | 81.32% | 113.12% | 85.86% | 86.98% | 85.18% | 94.24% | 100.16% | 97.72% | 89.46% | 84.43% | 96.76% | 80.81% |
| Operating Income | 308.14M | 335.57M | 370.03M | 280.26M | 236.1M | 266.96M | 227.03M | 244.61M | 269.64M | -185.67M | 209.78M | 176.13M | 198.2M | 78.88M | -2.19M | 28.76M | 137.67M | 216.24M | 44.22M | 253.54M |
| Operating Margin % | 18.75% | 19.35% | 21.85% | 18.2% | 16.09% | 16.85% | 14.94% | 16.63% | 18.68% | -13.12% | 14.14% | 13.02% | 14.82% | 5.76% | -0.16% | 2.28% | 10.54% | 15.57% | 3.24% | 19.19% |
| Operating Income Growth % | 30.51% | 25.7% | 62.99% | 14.57% | -12.44% | 243.78% | 8.22% | 38.88% | 36.04% | -335.39% | 9692.23% | 512.36% | 43.96% | -63.52% | -104.95% | -88.66% | 2.05% | 1699.98% | 155.05% | 104.75% |
| EBITDA | 310.54M | 399.26M | 383.92M | 293.74M | 249.89M | 280.09M | 241.31M | 258.25M | 283.89M | -172.49M | 240.98M | 192.34M | 213.17M | 94.7M | 19.23M | 44.11M | 153.39M | 236.25M | 59.84M | 269.79M |
| EBITDA Margin % | 18.89% | 23.02% | 22.67% | 19.07% | 17.03% | 17.67% | 15.88% | 17.56% | 19.67% | -12.19% | 16.24% | 14.21% | 15.94% | 6.91% | 1.41% | 3.49% | 11.74% | 17.01% | 4.38% | 20.42% |
| Interest Expense | 16.43M | 16.84M | 16.66M | 16.59M | 16.57M | 16.76M | 16.85M | 17.01M | 17.15M | 18.34M | 16.45M | 16.74M | 16.89M | 16.43M | 15.91M | 15.24M | 15.56M | 15.54M | 15.95M | 15.23M |
| Non-Operating Income | 0 | -16.84M | -16.66M | -16.59M | -16.57M | -16.76M | -16.85M | -17.01M | -17.15M | -18.34M | -16.45M | -16.74M | -16.89M | -16.43M | -15.91M | -15.24M | -15.56M | -15.54M | -15.95M | -15.23M |
| Pretax Income | 308.14M | 335.57M | 372.12M | 279.56M | 238.39M | 274.22M | 228.65M | 252.51M | 270.81M | -184.34M | 212.72M | 178.23M | 195.99M | 75.83M | -9.75M | 29.81M | 149.22M | 217.45M | 56.13M | 263.34M |
| Pretax Margin % | 18.75% | 19.35% | 21.98% | 18.15% | 16.24% | 17.3% | 15.05% | 17.17% | 18.76% | -13.02% | 14.34% | 13.17% | 14.65% | 5.54% | -0.71% | 2.36% | 11.42% | 15.66% | 4.11% | 19.94% |
| Income Tax | 55.81M | 45.96M | 70.25M | 56.2M | 44.32M | -19.41M | 47.92M | 40.55M | -124.65M | -41.76M | 24.62M | 27.56M | 15.9M | 27.34M | -363K | -4.96M | 24K | 12.56M | 1.19M | 27.86M |
| Effective Tax Rate % | 18.11% | 13.7% | 18.88% | 20.1% | 18.59% | -7.08% | 20.96% | 16.06% | -46.03% | 22.65% | 11.58% | 15.46% | 8.11% | 36.05% | 3.72% | -16.65% | 0.02% | 5.77% | 2.11% | 10.58% |
| Net Income | 254.77M | 289.61M | 301.86M | 223.36M | 194.07M | 293.63M | 180.73M | 211.96M | 395.46M | -142.58M | 188.1M | 150.67M | 180.1M | 48.49M | -9.38M | 34.78M | 149.2M | 204.89M | 54.95M | 235.47M |
| Net Margin % | 15.5% | 16.7% | 17.83% | 14.5% | 13.22% | 18.53% | 11.89% | 14.41% | 27.4% | -10.07% | 12.68% | 11.13% | 13.46% | 3.54% | -0.69% | 2.76% | 11.42% | 14.76% | 4.02% | 17.83% |
| Net Income Growth % | 31.28% | -1.37% | 67.03% | 5.38% | -50.93% | 305.95% | -3.92% | 40.68% | 119.58% | -394.03% | 2104.45% | 333.25% | 20.71% | -76.33% | -117.08% | -85.23% | 21.01% | 7369.67% | 184.04% | 96.16% |
| EPS (Diluted) | 3.29 | 3.67 | 3.74 | 2.72 | 2.26 | 3.38 | 2.04 | 2.40 | 4.53 | -1.76 | 2.10 | 1.67 | 2.01 | 0.48 | -0.02 | 0.32 | 1.65 | 2.31 | 0.56 | 2.67 |
| EPS Growth % | 45.58% | 8.58% | 83.33% | 13.33% | -50.11% | 292.05% | -2.86% | 43.71% | 125.37% | -466.67% | 9867.44% | 421.88% | 21.82% | -79.22% | -103.84% | -88.02% | 21.32% | 7007.69% | 171.79% | 100.75% |
| EPS (Basic) | 3.34 | 3.73 | 3.79 | 2.75 | 2.30 | 3.43 | 2.06 | 2.42 | 4.57 | -1.76 | 2.12 | 1.68 | 2.03 | 0.48 | -0.02 | 0.32 | 1.67 | 2.33 | 0.56 | 2.69 |
| Diluted Shares Outstanding | 75.15M | 76.83M | 79.33M | 79.33M | 82.38M | 85.18M | 85M | 85.33M | 85.69M | 85.27M | 86.11M | 85.81M | 85.85M | 85.66M | 84.66M | 85.84M | 85.81M | 85.59M | 85.34M | 85.27M |