Axon Enterprise (XSWX:AXON) Operating Income: CHF-24 Mil (TTM As of Mar. 2026)


XSWX:AXON Axon Enterprise Inc XSWX:AXON
81 GF Score
Price CHF476.80
GF Value CHF482.93
! 4 Warning Signs
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What is Axon Enterprise Operating Income?

Axon Enterprise XSWX:AXON +41.28% 81 Operating Income is CHF-24 Mil as of Mar. 2026. GuruFocus rates XSWX:AXON with a GF Score™ of 81/100 and a GF Value™ of CHF482.93. The stock has 4 warning signs investors should review.

Axon Enterprise's Operating Income for the three months ended in Mar. 2026 was CHF29 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was CHF-24 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Axon Enterprise's Operating Income for the three months ended in Mar. 2026 was CHF29 Mil. Axon Enterprise's Revenue for the three months ended in Mar. 2026 was CHF807 Mil. Therefore, Axon Enterprise's Operating Margin % for the quarter that ended in Mar. 2026 was 3.62%.

Axon Enterprise's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Axon Enterprise's annualized ROC % for the quarter that ended in Mar. 2026 was 1.87%. Axon Enterprise's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 196.61%.


Axon Enterprise  (XSWX:AXON) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Axon Enterprise's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=116.972 * ( 1 - 15.44% )/( (4695.315 + 5859.886)/ 2 )
=98.9115232/5277.6005
=1.87 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7000.313 - 571.221 - ( 1733.777 - max(0, 1470.147 - 3713.052+1733.777))
=4695.315

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=7066.849 - 469.99 - ( 736.973 - max(0, 1208.297 - 2744.13+736.973))
=5859.886

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Axon Enterprise's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=915.456/( ( (430.492 + max(7.0500000000006, 0)) + (336.443 + max(157.263, 0)) )/ 2 )
=915.456/( ( 437.542 + 493.706 )/ 2 )
=915.456/465.624
=196.61 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(777.486 + 341.811 + 277.348) - (571.221 + 730.864 + 87.51)
=7.0500000000006

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(674.598 + 408.01 + 282.952) - (469.99 + 708.544 + 29.763)
=157.263

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Axon Enterprise's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=29.243/807.345
=3.62 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Axon Enterprise Operating Income Related Terms


Axon Enterprise Operating Income Historical Data

* Premium members only.

The historical data trend for Axon Enterprise's Operating Income 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.

Axon Enterprise Operating Income Chart

Axon Enterprise Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -168.12 92.97 156.85 58.54 -62.08

Axon Enterprise Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.79 -1.04 -2.13 -50.12 29.24
XSWX:AXON
81GF Score
Axon Enterprise Inc XSWX:AXON
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Axon Enterprise Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-24 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of CHF-24 Mil mean?
Axon Enterprise (XSWX:AXON) has a Operating Income of CHF-24 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Axon Enterprise and its competitors.
Is Axon Enterprise's Operating Income too high?
Axon Enterprise's current Operating Income is CHF-24 Mil. Overall, Axon Enterprise has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Axon Enterprise's Operating Income compare to ?
Axon Enterprise's Operating Income of CHF-24 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Aerospace & Defense company?
A good Operating Income depends on the Aerospace & Defense industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Axon Enterprise and its competitors. Axon Enterprise's current Operating Income is CHF-24 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axon Enterprise stock overvalued right now?
Axon Enterprise (XSWX:AXON) has a current Operating Income of CHF-24 Mil. The stock's GF Value™ is CHF482.93, compared to a current price of CHF476.80 — trading 1.3% below its estimated fair value. The current Operating Income is CHF-24 Mil. Axon Enterprise's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Axon Enterprise (XSWX:AXON), the current Operating Income is CHF-24 Mil 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 Axon Enterprise (XSWX:AXON) Overvalued in 2026?

Based on GuruFocus' analysis, Axon Enterprise stock appears to be undervalued. The current stock price of CHF476.80 is trading 1.3% below its estimated GF Value™ of CHF482.93.

Key valuation signals for XSWX:AXON:

  • Operating Income: CHF-24 Mil
  • GF Value™: CHF482.93 vs. price of CHF476.80 (1.3% below fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the XSWX:AXON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Axon Enterprise Business Description

Comparable Companies
Address 17800 North 85th Street, Scottsdale, AZ, USA, 85255
Axon Enterprise Inc is building a public safety operating system by integrating a suite of hardware devices and cloud software solutions. The company's suite includes cloud-hosted digital evidence management solutions, TASER energy devices, drones and robotic security, and training solutions. Its operation comprises of two operating segments, Software and Services, and Connected Devices. The company generates the majority of its revenue from the Connected Devices segment, which is engaged in developing, manufacturing, and selling fully integrated hardware solutions such as conducted energy devices sold under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, and a broad ecosystem of accessories, extended warranties and related hardware products.
81GF Score

Get the complete analysis for XSWX:AXON

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF476.80
Price
CHF482.93
GF Value