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Axos Financial Inc   (AX)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 

AX's Operating Income Growth by Quarter and Year

Axos Financial Inc 's Operating Income results by quarter and year




AX Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter June - 81.72 75.35 67.93
III Quarter March - 86.99 76.05 79.87
II Quarter December 117.21 86.34 78.51 58.16
I Quarter September 82.85 84.91 75.84 56.67
FY   200.06 339.96 305.75 262.63



AX Operating Income second quarter 2023 Y/Y Growth Comment
Axos Financial Inc achieved in the second quarter 2023, above Company average Operating Income growth of 35.76% year on year, to $ 117.21 millions.

Looking into second quarter 2023 results within S&Ls Savings Banks industry 10 other companies have achieved higher Operating Income growth. While Axos Financial Inc ' s Operating Income rise of 35.76% ranks overall at the positon no. 305 in the second quarter 2023.

Explain Operating Income growth


AX Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter June - 8.45 % 10.92 % 22.77 %
III Quarter March - 14.39 % -4.78 % 46.69 %
II Quarter December 35.76 % 9.97 % 34.99 % 8.24 %
I Quarter September -2.43 % 11.96 % 33.83 % 14.95 %
FY   - 11.19 % 16.42 % 23.41 %

Financial Statements
Axos Financial Inc 's second quarter 2023 Operating Income $ 117.21 millions AX's Income Statement
Axos Financial Inc 's second quarter 2022 Operating Income $ 86.34 millions Quarterly AX's Income Statement
New: More AX's historic Operating Income Growth >>


AX Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter June - -6.06 % -0.92 % -14.95 %
III Quarter March - 0.75 % -3.13 % 37.33 %
II Quarter December 41.47 % 1.68 % 3.52 % 2.63 %
I Quarter September 1.38 % 12.69 % 11.64 % 2.42 %
FY (Year on Year)   - 11.19 % 16.42 % 23.41 %




Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #11
Financial Sector #52
Overall #305

Operating Income Y/Y Growth Statistics
High Average Low
15.12 % 0.93 % -39.04 %
(Mar 31 2016)   (Jun 30 2017)
Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #11
Financial Sector #52
Overall #305
Operating Income Y/Y Growth Statistics
High Average Low
15.12 % 0.93 % -39.04 %
(Mar 31 2016)   (Jun 30 2017)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Axos Financial Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
233.35 % 7.34 % -100 %
(Jun 30 2016)  


AX's II. Quarter Q/Q Operating Income Comment
Axos Financial Inc achieved in the II. Quarter 2023 above company average sequential Operating Income jump of 41.47%, to $ 117.21 millions, from $82.85 millions in the first quarter.
AX is impressively improving, not just reporting above normal growth, but also improving speed, Aadhya Lobo, S&Ls Savings Banks industry researcher said.

Within S&Ls Savings Banks industry 13 other companies have achieved higher Operating Income quarter on quarter growth. While Axos Financial Inc 's Operating Income growth quarter on quarter, overall rank is 942.


Operating Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #14
Financial Sector #276
Overall #942
Operating Income Q/Q Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry #14
Financial Sector #276
Overall #942
Operating Income Q/Q Growth Statistics
High Average Low
233.35 % 7.34 % -100 %
(Jun 30 2016)  


AX's II. Quarter Q/Q Operating Income Comment
Axos Financial Inc achieved in the II. Quarter 2023 above company average sequential Operating Income jump of 41.47%, to $ 117.21 millions, from $82.85 millions in the first quarter.
AX is impressively improving, not only recording better then normal gain, and also accelerating rate, Aadhya Lobo, S&Ls Savings Banks industry researcher said.

Within S&Ls Savings Banks industry 13 other companies have achieved higher Operating Income quarter on quarter growth. While Axos Financial Inc 's Operating Income growth quarter on quarter, overall rank is 942.


Axos Financial Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
Cumulative Operating Income 12 Months Ending $ 368.77 $ 337.89 $ 339.96 $ 333.59 $ 322.64
Y / Y Operating Income Growth (TTM) 14.3 % 7.33 % 11.19 % 11.82 % 6.78 %
Year on Year Operating Income Growth Overall Ranking # 325 # 121 # 1168 # 212 # 261
Seqeuential Operating Income Change (TTM) 9.14 % -0.61 % 1.91 % 3.39 % 2.48 %
Seq. Operating Income Growth (TTM) Overall Ranking # 305 # 218 # 1619 # 453 # 554




Cumulative Operating Income growth Comment
Axos Financial Inc saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 14.3% year on year, to $ 369 millions if the fiscal year would have ended in Dec 31 2022.
Axos Financial Inc 's trailing twelve months Operating Income growth was higher than company's average 6.41% and higher than 7.33% growth in Sep 30 2022.
But from the previous reporting period increase was less at 9.14 % from $337.89 millions reported in twelve months ending a quarter Sep 30 2022.
In spite of, this was confirmation of positive momentum, while the average Q/Q TTM Operating Income gain lays at 0.93%.
The progress was even more impressive from the previous reporting period exhibited at 9.14 % jump from $337.89 millions in twelve months ending a quarter Sep 30 2022.

In the Financial sector 49 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 121 to 325.

Operating Income TTM Q/Q Growth Statistics
High Average Low
15.12 %
0.93 %
-39.04 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 11
Financial Sector # 50
Overall # 325

Operating Income TTM Y/Y Growth Statistics
High Average Low
118.87 %
6.41 %
-43.27 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 52
S&P 500 # 305
Cumulative Operating Income growth Comment
Axos Financial Inc saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 14.3% year on year, to $ 369 millions if the fiscal year would have ended in Dec 31 2022.
Axos Financial Inc 's trailing twelve months Operating Income growth was higher than company's average 6.41% and higher than 7.33% growth in Sep 30 2022.
But sequential increase was less at 9.14 % from $337.89 millions achieved in twelve months ending a quarter before.
Yet this was confirmation of positive momentum, as the typical sequential Operating Income growth lays at 0.93%.
The growth was even more impressive from the previous reporting period exhibited at 9.14 % increase from $337.89 millions in the period from Sep 30 2022 to Dec 31 2021.

In the Financial sector 49 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 121 to 325.

Operating Income TTM Q/Q Growth Statistics
High Average Low
15.12 %
0.93 %
-39.04 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
S&Ls Savings Banks Industry # 11
Financial Sector # 50
Overall # 325

Operating Income TTM Y/Y Growth Statistics
High Average Low
118.87 %
6.41 %
-43.27 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 52
S&P 500 # 305




Other Operating Income Growth
S&Ls Savings Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
AX's Operating Income Growth Ratio versus S&Ls Savings Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for AX's Competitors
Operating Income Growth for Axos Financial Inc 's Suppliers
Operating Income Growth for AX's Customers

You may also want to know
AX's Annual Growth Rates AX's Profitability Ratios AX's Asset Turnover Ratio AX's Dividend Growth
AX's Roe AX's Valuation Ratios AX's Financial Strength Ratios AX's Dividend Payout Ratio
AX's Roa AX's Inventory Turnover Ratio AX's Growth Rates AX's Dividend Comparisons



Companies with similar Operating Income jump for the quarter ending Dec 31 2022 within Financial SectorY/Y Change %Operating Income for the quarter ending Dec 31 2022
Glacier Bancorp Inc 62.45%$ 62.450 millions
Acadia Realty Trust62.38%$ 62.381 millions
Sb Financial Group Inc 62.36%$ 62.355 millions
Huntington Bancshares Incorporated61.84%$ 61.837 millions
Bank Of Chile61.45%$ 61.449 millions
Regions Financial Corporation61.18%$ 61.183 millions
United Community Banks Inc 60.19%$ 60.189 millions
Simmons First National Corp60.07%$ 60.073 millions
Foreign Trade Bank Of Latin America Inc 59.94%$ 59.945 millions
Bankfinancial Corp59.58%$ 59.585 millions
Prime Meridian Holding Co59.42%$ 59.422 millions
Lakeland Bancorp Inc59.16%$ 59.160 millions
Eastern Bankshares Inc 58.22%$ 58.217 millions
The Bancorp Inc 58.19%$ 58.191 millions
Federal Home Loan Bank Of Topeka57.66%$ 57.660 millions
Business First Bancshares Inc 57.09%$ 57.087 millions
Bancfirst Corporation55.75%$ 55.747 millions
Columbia Banking System Inc 55.46%$ 55.456 millions
Comerica Incorporated54.33%$ 54.325 millions
First Northern Community Bancorp53.95%$ 53.951 millions
Nasdaq Inc 53.49%$ 53.488 millions
Boston Properties Inc 53.44%$ 53.436 millions
Optimumbank Holdings Inc 52.79%$ 52.794 millions
Heritage Commerce Corp52.72%$ 52.717 millions
Oaktree Capital Group Llc52.59%$ 52.587 millions
Northeast Community Bancorp inc 52.54%$ 52.545 millions
First Merchants Corporation52.53%$ 52.525 millions
Sound Financial Bancorp Inc 52.42%$ 52.423 millions
Mainstreet Bancshares Inc 51.86%$ 51.862 millions
Amalgamated Financial Corp 51.47%$ 51.471 millions




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