Axis Capital Holdings Limited

AXS Financial Insurance Specialty

Axis Capital Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, up 10.2% from fiscal 2024.

Revenue
+6.91%
EPS
−24.1%
Free cash flow
+31.7%
Total debt
−4.85%

Quarter to September 2026, against a year earlier

107.45 0.33 −0.31%
Market cap
$7.7B
P/E
8.0×
Fwd P/E
8.2×
Dividend yield
1.64%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Axis Capital Holdings Limited (AXS) Gross margin

Alert me on Gross margin

Axis Capital Holdings Limited's gross margin over the twelve months to 30 September 2026 was 28.7%, down 3.9 percentage points from fiscal 2025 (32.6%). Over the past ten years it has ranged from 10.5% (fiscal 2017) to 32.6% (fiscal 2025) — the current reading is the highest in ten years. That is below the Insurance Specialty industry median of 56.2% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 32.6% 3.56
FY2024 29.0% 6.88
FY2023 22.1% 5.18
FY2022 17.0% (9.18)
FY2021 26.1% 13.10
FY2020 13.0% (8.30)
FY2019 21.3% 3.05
FY2018 18.3% 7.83
FY2017 10.5% (15.87)
FY2016 26.3% (3.60)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 24.8% (3.97)
Jun 2026 28.7% 0.00
Mar 2026 28.7% (3.83)
Dec 2025 32.6% (0.13)
43 more quarters

Against its own ten years

Low 10.5% High 32.6%
Ten-year median 22.1%
Current reading's percentile 81

Gross margin against peers

Company Gross margin
FAF First American Financial Corporation compare 100.0%
AGO Assured Guaranty Ltd. compare 99.0%
NMIH NMI Holdings Inc compare 89.9%
MTG MGIC Investment Corporation compare 76.6%
RDN Radian Group Inc. compare 69.2%
ESNT Essent Group Ltd. compare 64.5%
FNF Fidelity National Financial, Inc. compare 55.9%
AXS Axis Capital Holdings Limited 28.7%
ACT Enact Holdings, Inc. compare 0.00%
Insurance Specialty industry median 56.2%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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