GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Axos Financial Inc (NYSE:AX) » Definitions » Pretax Margin %

Axos Financial (Axos Financial) Pretax Margin % : 62.69% (As of Dec. 2023)


View and export this data going back to 2005. Start your Free Trial

What is Axos Financial Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Axos Financial's Pre-Tax Income for the three months ended in Dec. 2023 was $217 Mil. Axos Financial's Revenue for the three months ended in Dec. 2023 was $347 Mil. Therefore, Axos Financial's pretax margin for the quarter that ended in Dec. 2023 was 62.69%.

The historical rank and industry rank for Axos Financial's Pretax Margin % or its related term are showing as below:

AX' s Pretax Margin % Range Over the Past 10 Years
Min: 43.56   Med: 51.53   Max: 62.59
Current: 54.06


AX's Pretax Margin % is ranked better than
87.04% of 1458 companies
in the Banks industry
Industry Median: 32.765 vs AX: 54.06

Axos Financial Pretax Margin % Historical Data

The historical data trend for Axos Financial's Pretax 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.

* Premium members only.

Axos Financial Pretax Margin % Chart

Axos Financial Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.56 45.88 48.31 48.20 48.50

Axos Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % 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 52.21 50.33 50.23 48.90 62.69

Competitive Comparison of Axos Financial's Pretax Margin %

For the Banks - Regional subindustry, Axos Financial's Pretax Margin %, along with its competitors' market caps and Pretax 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's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Axos Financial's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Axos Financial's Pretax Margin % falls into.



Axos Financial Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Axos Financial's Pretax Margin for the fiscal year that ended in Jun. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Jun. 2023 )/Revenue (A: Jun. 2023 )
=431.744/890.176
=48.50 %

Axos Financial's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=217.396/346.787
=62.69 %

* 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  (NYSE:AX) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Axos Financial Pretax Margin % Related Terms

Thank you for viewing the detailed overview of Axos Financial's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Axos Financial (Axos Financial) Business Description

Traded in Other Exchanges
Address
9205 West Russell Road, Suite 400, Las Vegas, NV, USA, 89148
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 and securities business. 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.
Executives
Andrew J Micheletti officer: VP & Chief Financial Officer C/O AXOS FINANCIAL, 4350 LA JOLLA VILLAGE DRIVE STE 140, SAN DIEGO CA 92122
Edward James Ratinoff director 12777 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Gregory Garrabrants director, officer: President & CEO 9205 WEST RUSSELL ROAD, SUITE #400, LAS VEGAS NV 89148
David M Crow other: EVP, Head of Axos Clearing 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Mosich Nick director 12777 HIGH BLUFF DRIVE, SUITE #100, SAN DIEGO CA 92130
Paul Grinberg director C/O ENCORE CAPITAL GROUP INC, 8875 AERO DRIVE, SUITE 200, SAN DIEGO CA 92123
Ron Pitters other: SVP, Head of Axos Securities 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
James John Court director 12777 HIGH BLUFF DRIVE, SUITE 100, SAN DIEGO CA 92130
Stefani D Carter director 14185 DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254
Uzair Dada director 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Tamara N Bohlig director 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Thomas M Constantine other: EVP and Chief Credit Officer 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Roque A Santi director C/O ECC CAPITAL CORPORATION, 1833 ALTON PARKWAY, IRVINE CA 92606
Brian D Swanson other: EVP, Chief Lending Officer 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122
Eshel Bar-adon officer: EVP, Chief Legal Officer 4350 LA JOLLA VILLAGE DRIVE, SUITE 140, SAN DIEGO CA 92122