Axos FinancialAX +3.23%85 Net Margin % is 32.16% as of Mar. 2026, which is 7% below its 10-year median of 34.60. GuruFocus rates AX with a GF Score™ of 85/100 and a GF Value™ of $87.65 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,527 Banks companies, Axos Financial ranks better than 72.5% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Axos Financial's Net Income for the
three
months ended in Mar. 2026 was $125 Mil. Axos Financial's Revenue for the
three
months ended in Mar. 2026 was $388 Mil. Therefore, Axos Financial's net margin for the quarter that ended in Mar. 2026 was 32.16%.
The historical rank and industry rank for Axos Financial's Net Margin % or its related term are showing as below:
AX'
s Net Margin % Range Over the Past 10 Years
Min: 31.75 Med: 34.6 Max: 41.92
Current: 33.89
AX's Net Margin % is ranked better than 72.5% of 1527
companies
in the Banks industry
Industry Median: 26.95
vs AX: 33.89
Axos Financial (NYSE:AX) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Axos Financial Net Margin % Related Terms
Axos Financial Net Margin % Historical Data
* Premium members only.
The historical data trend for Axos Financial's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Axos Financial's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Axos Financial Net Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Axos Financial's Net Margin % distribution charts can be found below:
* The bar in red indicates where Axos Financial's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Axos Financial (AX) has a Net Margin % of 32.16% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Axos Financial and its competitors. This is near median its historical median of 34.60. Over the past decade, Axos Financial's Net Margin % has ranged from 31.75 to 41.92. According to the industry distribution chart, Axos Financial ranks #420 out of 1527 companies in the Banks industry, placing it in the top 27.5%.
Is Axos Financial's Net Margin % too high?
Axos Financial's current Net Margin % of 32.16% is near median its 10-year median of 34.60. Over the past 10 years, this metric has ranged from a low of 31.75 to a high of 41.92. The Banks industry median Net Margin % is 26.95. Axos Financial's value of 32.16% is 19.3% above this industry median. Based on the distribution chart, Axos Financial ranks #420 out of 1527 companies in the Banks industry, which is above the industry midpoint. Overall, Axos Financial has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axos Financial's Net Margin % compare to FINN and FFIN?
According to the Banks industry distribution chart, Axos Financial ranks #420 out of 1527 companies for Net Margin %. This puts Axos Financial in the upper half of its industry. The industry median Net Margin % is 26.95. Axos Financial's value of 32.16% is 19.3% above this benchmark. Historically, Axos Financial's own Net Margin % has ranged from 31.75 to 41.92 over the past decade. While the company's 10-year median is 34.60 vs. the industry median of 26.95, Axos Financial has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Banks company?
The median Net Margin % among Banks companies is 26.95, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Axos Financial's current Net Margin % of 32.16% is 19.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Axos Financial and its competitors. For the Banks industry, the median Net Margin % is 26.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Axos Financial's current Net Margin % is 32.16%, which is near median its own 10-year median of 34.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axos Financial stock overvalued right now?
Based on GuruFocus' analysis, Axos Financial (AX) is currently considered Fairly Valued. The stock's GF Value™ is $87.65, compared to a current price of $94.35 — trading 7.6% above its estimated fair value. The current Net Margin % is 32.16%, which is near median its 10-year median of 34.60 and 19.3% above the Banks industry median of 26.95. Axos Financial's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Axos Financial (AX), the current Net Margin % is 32.16% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Axos Financial (AX) Overvalued in 2026?
Based on GuruFocus' analysis, Axos Financial stock appears to be overvalued.
The current stock price of $94.35 is trading 7.6% above its estimated GF Value™ of $87.65.
GuruFocus considers Axos Financial to be Fairly Valued.
Key valuation signals for AX:
Net Margin %: 32.16% (near median its 10-year median of 34.60)
GF Value™: $87.65 vs. price of $94.35 (7.6% above fair value)
Industry Position: 19.3% above the Banks median (#420 of 1527)
No single metric tells the full story. See the AX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking business segment and securities business segment. The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.
85GF Score
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