Saturday 31 October 2026 Export AXON’s income statement to Excel — free account

Axon Enterprise, Inc

Axon Enterprise, Inc’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 33.5% from fiscal 2024. In the quarter to June 2026, revenue grew 35.3%, EPS fell 19.6%, free cash flow grew 99.2% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years.

428.32 9.73 −2.22%

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Market cap: $35.6B
P/E: 173×
Fwd P/E: 121×
Dividend yield: —
F-score: 5/9
Altman Z: 8.02
Beneish M: −2.18
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Filings

Axon Enterprise, Inc (AXON) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by products and services, and margins
Product	1,221	58.64%
Service	861	41.36%
Gross margin		59.61%
Operating margin		2.81%
Pre-tax margin		18.32%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2016
Taser 7	—	—	—	—	—	108 15.79%	57 10.67%	—
Taser X2	—	—	—	—	—	60 8.83%	56 10.53%	—
Axon Body	—	—	—	—	—	57 8.39%	44 8.30%	—
Taser X26 P	—	—	—	—	—	42 6.13%	53 9.89%	—
Axon Dock	—	—	—	—	—	20 2.90%	20 3.85%	—
TASER Consumer devices	—	—	—	—	—	9 1.38%	4 0.77%	—
Axon Flex	—	—	—	—	—	4 0.60%	6 1.12%	—
Also reported: a second breakdown of the same revenue
Software and Services	1,203 43.27%	861 41.36%	597 38.23%	—	—	—	—	—
TASER	914 32.88%	750 36.02%	573 36.72%	283 23.81%	—	—	—	—
Personal Sensors	397 14.28%	317 15.22%	243 15.55%	—	—	—	—	—
Platform Solutions	266 9.57%	154 7.41%	148 9.50%	—	—	—	—	—
Axon Evidence And Cloud Services	—	—	—	386 32.52%	—	180 26.39%	131 24.67%	—
Cartridges	—	—	—	182 15.30%	—	115 16.92%	86 16.20%	—
Axon Body Cameras And Accessories	—	—	—	157 13.25%	—	—	—	—
Extended Warranties	—	—	—	75 6.28%	—	45 6.63%	37 7.02%	—
Axon Fleet Systems	—	—	—	63 5.31%	—	20 2.95%	16 3.05%	—
Other	—	—	—	42 3.53%	—	21 3.10%	21 3.93%	—
Product	—	—	—	—	—	500	399	—
Service	—	—	—	—	—	181	131	—
Revenue	2,780	2,083	1,561	1,187	866	681	531	268

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2016
Product	‡	‡	‡	‡	‡	‡	‡	‡
Service	‡	‡	‡	‡	‡	‡	‡	‡
Advertising	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by segment $m

Line	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Software and Services	656 55.27%	426 49.26%	314 46.17%	249 46.94%	167 39.74%	109 31.79%	66 24.46%	36 17.95%	19 11.49%	10 7.51%	6 4.97%	3 3.72%	—
Taser	531 44.73%	437 50.47%	367 53.83%	282 53.06%	253 60.26%	235 68.21%	203 75.54%	162 82.05%	146 88.51%	127 92.49%	109 95.03%	87 96.28%	—
Weapons	—	—	—	—	—	—	—	—	—	—	—	—	82 94.78%
Video	—	—	—	—	—	—	—	—	—	—	—	—	5 5.22%
Revenue	1,187	866	681	531	420	344	268	198	165	138	115	90	87

Operating income by segment $m, and margin

	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Taser	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Software and Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Weapons	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Video	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
United States	2,305 82.93%	1,775 85.24%	1,336 85.57%	985 82.99%	687 79.35%	535 78.57%	446 84.03%	335 79.82%	283 82.26%	219 81.55%	162 81.76%	132 80.36%	116 83.92%	93 81.42%	72 80.27%
Other countries	475 17.07%	307 14.76%	225 14.43%	202 17.01%	176 20.39%	146 21.43%	85 15.97%	85 20.18%	61 17.74%	49 18.45%	36 18.24%	32 19.64%	22 16.08%	21 18.58%	18 19.73%
Revenue	2,780	2,083	1,561	1,187	866	681	531	420	344	268	198	165	138	115	90

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.