Axon Enterprise (AXON) revenue breakdown
By segment, Connected Devices is the largest at 57% of fiscal 2025 revenue; Software and Services grew fastest, 42% a year over 2 years.
By product, Software and Services is the largest at 43% of fiscal 2025 revenue, growing 45% a year over 6 years.
Revenue by segment
Fiscal years, as Axon Enterprise reports them in its 10-K filings; fiscal 2025 total $2.8B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Connected Devices | — | — | — | — | — | — | — | $964M | $1.2B | $1.6B | 57% |
| Software and Services | — | — | — | — | — | — | — | $597M | $861M | $1.2B | 43% |
| Software and Sensors | $66M | $109M | $167M | $249M | $314M | $426M | $656M | — | — | — | — |
| TASER | $203M | $235M | $253M | $282M | $367M | $437M | $531M | — | — | — | — |
Revenue by product
Fiscal years, as Axon Enterprise reports them in its 10-K filings; fiscal 2025 total $2.8B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Software and Services | — | — | — | $131M | $180M | $255M | $386M | $597M | $861M | $1.2B | 43% |
| TASER Devices | — | — | — | — | — | $235M | $283M | $573M | $750M | $914M | 33% |
| Personal Sensors | — | — | — | — | — | — | — | $243M | $317M | $397M | 14% |
| Platform Solutions | — | — | — | — | — | — | — | $148M | $154M | $266M | 10% |
| Product | — | — | $328M | — | — | — | — | — | — | — | — |
| Product | — | $286M | — | — | — | — | — | — | — | — | — |
| Product | $239M | — | — | — | — | — | — | — | — | — | — |
| Cartridges | — | — | — | $86M | $115M | $153M | $182M | — | — | — | — |
| Axon Body Cameras and Accessories | — | — | — | — | — | $104M | $157M | — | — | — | — |
| TASER 7 | — | — | — | $57M | $108M | — | — | — | — | — | — |
| Service | — | — | $92M | — | — | — | — | — | — | — | — |
| Extended Warranties | — | — | — | $37M | $45M | $58M | $75M | — | — | — | — |
| Axon Fleet Systems | — | — | — | $16M | $20M | $24M | $63M | — | — | — | — |
| TASER X2 | — | — | — | $56M | $60M | — | — | — | — | — | — |
| Service | — | $58M | — | — | — | — | — | — | — | — | — |
| Axon Body | — | — | — | $44M | $57M | — | — | — | — | — | — |
| Other | — | — | — | $21M | $21M | $35M | $42M | — | — | — | — |
| TASER X26P | — | — | — | $53M | $42M | — | — | — | — | — | — |
| Service | $30M | — | — | — | — | — | — | — | — | — | — |
| Axon Dock | — | — | — | $20M | $20M | — | — | — | — | — | — |
| TASER Consumer devices | — | — | — | $4M | $9M | — | — | — | — | — | — |
| Axon Flex | — | — | — | $6M | $4M | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Axon Enterprise reports them in its 10-K filings; fiscal 2025 total $2.8B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $219M | $283M | $335M | $446M | $535M | $687M | $985M | $1.3B | $1.8B | $2.3B | 83% |
| Other countries | $49M | $61M | $85M | $85M | $146M | $176M | $202M | $225M | $307M | $475M | 17% |
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Where does Axon Enterprise make its money?
In fiscal 2025, by segment: Connected Devices $1.6B, Software and Services $1.2B.
From Axon Enterprise's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.