Axon Enterprise (AXON) financials
Axon Enterprise revenue and earnings by year
Axon Enterprise's revenue was $2.78 billion in the fiscal year to December 31, 2025, up 33.5% from the year before. Net income was $125 million, 4.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 29.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.78 | 2.08 | 1.56 | 1.19 | 0.86 | 0.68 | 0.53 | 0.42 | 0.34 | 0.27 |
| Revenue growth | 33.5% | 33.4% | 31.5% | 37.5% | 26.8% | 28.3% | 26.4% | 22.2% | 28.2% | — |
| Gross profit | 1.66 | 1.24 | 0.96 | 0.73 | 0.54 | 0.42 | 0.31 | 0.26 | 0.21 | 0.17 |
| Gross margin | 59.7% | 59.6% | 61.2% | 61.2% | 62.7% | 61.1% | 57.9% | 61.6% | 60.2% | 63.6% |
| Operating income | -0.06 | 0.06 | 0.16 | 0.09 | -0.17 | -0.01 | -0.01 | 0.02 | 0.01 | 0.03 |
| Operating margin | -2.2% | 2.8% | 10.0% | 7.8% | -19.5% | -2.1% | -1.2% | 5.9% | 3.8% | 11.9% |
| Net income | 0.12 | 0.38 | 0.18 | 0.15 | -0.06 | -0.00 | 0.00 | 0.03 | 0.01 | 0.02 |
| Net margin | 4.5% | 18.1% | 11.3% | 12.4% | -7.0% | -0.3% | 0.2% | 7.0% | 1.5% | 6.4% |
| Diluted EPS | $1.51 | $4.80 | $2.33 | $2.03 | -$0.91 | -$0.03 | $0.01 | $0.52 | $0.10 | $0.32 |
| Free cash flow | 0.08 | 0.33 | 0.13 | 0.18 | 0.07 | -0.03 | 0.05 | 0.05 | 0.01 | 0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AXON in Markets.
How Axon Enterprise makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Connected Devices | $507M | 56.0% |
| Software & Sensors | $398M | 44.0% |
See also: AXON valuation and P/E history · AXON returns
No forecast, no recommendation. This page describes Axon Enterprise from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.