Saturday 17 October 2026 Export AXS’s income statement to Excel — free account

Axis Capital Holdings Limited

Axis Capital Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, up 10.2% from fiscal 2024. In the quarter to June 2026, revenue grew 7.35%, EPS grew 24.0%, free cash flow grew 137.1% and total debt rose 7.24%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.

99.32 1.39 +1.42%

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Market cap: $7.2B
P/E: 7.0×
Fwd P/E: 7.4×
Dividend yield: 1.77%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 238.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	—	—	—	1	—	—	—	—	—

Insider Ownership 1.81%

Capital & Financial Ratios $m

Market Cap 7,150.00

Revenue 6,805.26

Net Income 1,104.33

Free Cash Flow 2,398.32

Net Debt 344.75

Current Ratio 0.63

Debt/Equity 0.24

P/E ratio 6.96

Fwd P/E 7.38

P/S ratio 1.07

P/B ratio 1.23

Past 5Y EPS Growth —

This Y EPS Growth (5.09%)

Next Y EPS Growth 9.24%

Next Y revenue growth (4.44%)

Next 5Y EPS Growth 3.85%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 1.49%

10-year low 10-year high

P/S against its own 10 years 63.62%

10-year low 10-year high

P/B against its own 10 years 79.65%

10-year low 10-year high

Dividends

Payout Ratio 0.13

Annual Dividend Rate 1.76

Annual Dividend Yield 1.77%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.77	0.44 0.44 0.44
2025	1.76	0.44 0.44 0.44 0.44
2024	1.76	0.44 0.44 0.44 0.44
2023	1.76	0.44 0.44 0.44 0.44
2022	1.73	0.43 0.43 0.43 0.44
2021	1.69	0.42 0.42 0.42 0.43
2020	1.65	0.41 0.41 0.41 0.42
2019	1.61	0.40 0.40 0.40 0.41
2018	1.57	0.39 0.39 0.39 0.40
2017	1.53	0.38 0.38 0.38 0.39
2016	1.43	0.35 0.35 0.35 0.38

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,384	3,064	1,321	1,223
Receivables	11,989	12,265	15,126	16,322
Inventory	—	—	—	—
Other	—	—	—	—
	13,373	15,329	16,447	17,545

	2023	2024	2025	Q'26
Payables	22,974	24,145	25,830	27,831
ST’ Debt	—	—	—	—
Other	—	—	—	—
	22,974	24,145	25,830	27,831

Compound Annual Growth %

	10y	5y	3y
Sales	4.74%	6.27%	8.52%
Cash Flow	0.00%	0.00%	0.00%
Earnings	4.99%	0.00%	71.85%
Book Value	0.80%	3.72%	11.06%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,644	1,753	—	—	—
’25	1,522	1,633	1,674	1,734	6,564
’24	1,425	1,451	1,611	1,472	5,958
’23	1,344	1,384	1,434	1,481	5,643
’22	1,262	1,198	1,228	1,448	5,135
’21	1,250	1,341	1,337	1,393	5,322
’20	1,110	1,204	1,250	1,277	4,842

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	519	632	—	—	—
’25	309	(1,654)	674	630	(41)
’24	384	518	587	356	1,845
’23	241	397	369	249	1,256
’22	133	380	403	(119)	798
’21	145	390	475	188	1,198
’20	(50)	156	243	(5)	344

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	505	617	—	—	—
’25	302	(1,666)	658	630	(41)
’24	376	509	582	356	1,845
’23	246	384	360	218	1,224
’22	123	374	395	(131)	761
’21	139	382	459	180	1,159
’20	(63)	141	235	(13)	299

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	3.29	3.38	—	—	—
’25	2.26	2.72	3.74	3.67	12.35
’24	4.53	2.40	2.04	3.38	12.35
’23	2.01	1.67	2.10	(1.76)	4.02
’22	1.65	0.32	(0.20)	0.48	2.25
’21	1.36	2.67	0.56	2.31	6.90
’20	(2.20)	1.33	(0.87)	(0.06)	(1.79)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	51.01	49.42	47.43	50.65	31.82	44.26	48.32	51.25	53.88	83.90	Analyst estimates 2026–2028 Powerpack
	High	66.23	71.06	60.69	67.51	66.16	58.61	61.39	63.99	94.89	110.34
People
People	Employees	1,325	1,647	1,567	1,667	1,921	2,082	2,064	2,048	1,876	1,966
	Revenue/emp, $m	3.02	2.79	3.25	3.10	2.52	2.56	2.49	2.76	3.18	3.34
Income, $m
Income, $m	Revenue	4,006	4,592	5,090	5,173	4,842	5,322	5,135	5,643	5,958	6,564
	Gross margin, %	26.33	10.46	18.29	21.34	13.04	26.14	16.96	22.14	29.02	32.58
	EBT	522	(368)	13	337	(129)	649	243	398	1,008	1,216
	EBT margin, %	13.03	(8.02)	0.25	6.52	(2.67)	12.19	4.73	7.06	16.92	18.53
	Net income	513	(369)	43	323	(120)	619	223	376	1,082	1,009
	Depreciation	90	125	207	120	104	107	94	55	17	17
Per share, $
Per share, $	Revenue	44.13	54.59	60.96	61.67	57.46	62.83	60.51	66.28	70.79	83.94
	Earnings	5.13	(4.94)	—	3.37	(1.79)	6.95	2.27	4.06	12.49	12.52
	Cash flow	4.48	3.08	0.13	2.37	4.08	14.14	9.40	14.75	21.92	(0.52)
	Capex	(0.30)	(0.51)	(0.30)	(0.75)	(0.53)	(0.46)	(0.43)	(0.37)	0.00	0.00
	Free cash flow	4.18	2.57	(0.17)	1.62	3.55	13.68	8.97	14.38	21.92	(0.52)
	Book value	69.10	63.50	60.24	66.08	62.85	63.88	54.67	61.82	72.35	81.29
	Shares, m	91	84	84	84	84	85	85	85	84	78
Valuation, ×
Valuation, ×	P/E	12.63	0.00	5,164.00	17.69	0.00	7.84	24.17	13.58	7.10	8.52
	P/S	1.48	0.90	0.85	0.96	0.88	0.87	0.91	0.83	1.25	1.28
	P/B	1.15	0.91	1.01	1.05	0.89	0.95	1.14	1.00	1.35	1.44
	EV/Sales	1.44	0.93	0.77	1.02	0.86	0.87	0.95	0.84	1.01	1.29
	EV/FCF	15.15	19.66	(126.26)	38.64	13.91	4.00	6.43	3.93	3.38	(103.98)
Cash, $m
Cash, $m	Operating cash flow	407	259	11	199	344	1,198	798	1,256	1,845	(41)
	Capex	(27)	(43)	(25)	(63)	(45)	(39)	(37)	(31)	—	—
	Free cash flow	380	217	(14)	136	299	1,159	761	1,224	1,845	(41)
Balance, $m
Balance, $m	Working capital	(6,639)	(8,932)	(7,542)	(7,694)	(8,273)	(9,026)	(9,216)	(9,602)	(8,816)	(9,383)
	Total debt	1,056	1,477	1,454	1,841	1,414	1,343	1,413	1,426	1,651	1,420
	Net debt	(186)	113	(376)	265	(89)	25	239	42	(1,412)	99
	Shareholders’ equity	6,272	5,341	5,030	5,544	5,296	5,411	4,640	5,263	6,089	6,356
Returns, %
Returns, %	ROA	2.28	(1.82)	0.00	1.14	(0.59)	2.21	0.70	1.19	3.34	2.92
	ROIC	4.64	(1.74)	1.58	4.64	0.42	8.18	2.30	6.53	14.05	13.80
	ROE	8.96	(8.56)	0.01	6.26	(3.17)	12.25	4.31	7.86	20.51	17.25

Negative figures in brackets.

value withheld pending a data check

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FNF Fidelity National Financial, Inc.	$10.6B	14.1×	8.8×	+11.44% (above 0%: growing)	+9.80% (above 0%: growing)	−1.24% (below 0%: shrinking)	53.15%	9.85%	Compare
RYAN Ryan Specialty Holdings Inc.	$10.2B	52.9×	37.4×	+7.19% (above 0%: growing)	−19.51% (below 0%: shrinking)	−17.82% (below 0%: shrinking)	100.00%	19.67%	Compare
AXS Axis Capital Holdings Limited	$7.2B	7.0×	7.4×	+7.35% (above 0%: growing)	+24.00% (above 0%: growing)	+137.05% (above 0%: growing)	28.72%	19.18%
FAF First American Financial Corporation	$6.5B	9.0×	9.9×	+14.99% (above 0%: growing)	+51.06% (above 0%: growing)	+2.71% (above 0%: growing)	100.00%	16.60%	Compare
ACT Enact Holdings, Inc.	$6.3B	9.7×	8.8×	+4.07% (above 0%: growing)	+11.61% (above 0%: growing)	−0.84% (below 0%: shrinking)	73.93%	73.26%	Compare
ESNT Essent Group Ltd.	$5.7B	8.9×	8.0×	+13.64% (above 0%: growing)	+7.18% (above 0%: growing)	+3.88% (above 0%: growing)	65.75%	65.75%	Compare
MTG MGIC Investment Corporation	$5.7B	8.7×	8.3×	−2.91% (below 0%: shrinking)	+6.17% (above 0%: growing)	+0.83% (above 0%: growing)	81.29%	80.85%	Compare
RDN Radian Group Inc.	$4.5B	8.7×	7.8×	+92.58% (above 0%: growing)	−17.48% (below 0%: shrinking)	+147.96% (above 0%: growing)	50.35%	30.09%	Compare
AGO Assured Guaranty Ltd.	$3.1B	9.5×	11.8×	−30.60% (below 0%: shrinking)	−57.89% (below 0%: shrinking)	−48.72% (below 0%: shrinking)	97.95%	42.05%	Compare
Median of peers	$6.0B	9.2×	8.8×	+9.32%	+6.68%	0.00%	77.61%	36.07%

All 17 Insurance Specialty stocks →

Axis Capital Holdings Limited (AXS) key facts

Strength: Axis Capital Holdings Limited’s revenue for fiscal 2025 (year ended December 2025) was $6.6 billion, up 10.2% from fiscal 2024.
Axis Capital Holdings Limited (AXS) is an Insurance Specialty company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, AXS traded at $99.32, a market capitalization of $7.2 billion.
Axis Capital Holdings Limited pays an annual dividend of $1.76 per share, a yield of 1.77%, with a payout ratio of 12.5%.
Return on equity was 17.3% and debt-to-equity 0.24.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.