AXIS Capital Holdings (AXS) financial statements
AXIS Capital Holdings reported revenue of $6.6B in fiscal 2025, up 5.6% a year over 9 years.
Net income was $1.0B and the operating margin 18.5%, against 13.0% in 2016.
The diluted share count fell 13% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from AXIS Capital Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0B | $4.6B | $5.1B | $5.2B | $4.8B | $5.3B | $5.1B | $5.6B | $6.0B | $6.6B |
| Selling, general and admin | $603M | $579M | $627M | $635M | $580M | $663M | $680M | $684M | $666M | $704M |
| Operating income | $522M | -$368M | $13M | $337M | -$129M | $649M | $243M | $398M | $1.0B | $1.2B |
| Interest expense | $51M | $55M | $67M | $68M | $75M | $62M | $63M | $68M | $68M | $67M |
| Pre-tax income | $522M | -$368M | $13M | $337M | -$129M | $649M | $243M | $398M | $1.0B | $1.2B |
| Income tax | $6M | -$8M | -$29M | $24M | -$12M | $62M | $22M | $26M | -$56M | $217M |
| Net income | $513M | -$369M | $43M | $323M | -$120M | $619M | $223M | $376M | $1.1B | $1.0B |
| EPS (diluted) | $5.08 | -$4.94 | $0.00 | $3.34 | -$1.79 | $6.90 | $2.25 | $4.02 | $12.35 | $12.35 |
| Diluted shares | 92M | 84M | 84M | 84M | 84M | 85M | 86M | 86M | 85M | 79M |
| Operating margin | 13.0% | -8.0% | 0.2% | 6.5% | -2.7% | 12.2% | 4.7% | 7.1% | 16.9% | 18.5% |
| Net margin | 12.8% | -8.0% | 0.8% | 6.3% | -2.5% | 11.6% | 4.3% | 6.7% | 18.2% | 15.4% |
Balance sheet
Fiscal years, from AXIS Capital Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.0B | $949M | $1.2B | $1.2B | $903M | $845M | $751M | $953M | $2.1B | $820M |
| Receivables | $2.3B | $3.0B | $3.0B | $3.1B | $2.7B | $2.6B | $2.7B | $3.1B | $2.8B | $3.2B |
| Goodwill | $47M | $102M | $102M | $102M | $101M | $101M | $101M | $101M | $66M | $66M |
| Total assets | $20.8B | $24.8B | $24.1B | $25.6B | $25.9B | $27.4B | $27.7B | $30.3B | $32.7B | $34.5B |
| Total liabilities | $14.5B | $19.4B | $19.1B | $20.1B | $20.6B | $22.0B | $23.0B | $25.0B | $26.6B | $28.1B |
| Shareholders' equity | $6.3B | $5.3B | $5.0B | $5.5B | $5.3B | $5.4B | $4.6B | $5.3B | $6.1B | $6.4B |
| Net debt | -$1.0B | -$949M | -$1.2B | -$1.2B | -$903M | -$845M | -$751M | -$953M | -$2.1B | -$820M |
Cash flow
Fiscal years, from AXIS Capital Holdings's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $407M | $259M | $11M | $199M | $344M | $1.2B | $798M | $1.3B | $1.8B | -$41M |
| Stock-based compensation | $52M | $13M | $34M | $32M | $29M | $38M | $48M | $54M | $43M | $45M |
| Dividends paid | $132M | $135M | $134M | $137M | $142M | $146M | $149M | $154M | $152M | $143M |
| Share buybacks (net) | -$495M | -$261M | $0 | $0 | $0 | $0 | -$35M | $0 | -$200M | -$888M |
| Dividends per share | $1.45 | $1.61 | $1.59 | $1.62 | $1.68 | $1.71 | $1.74 | $1.79 | $1.78 | $1.80 |
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What was AXIS Capital Holdings's revenue in 2025?
$6.6B in fiscal 2025, from its 10-K filing.
From AXIS Capital Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.