Axos Financial, Inc.
investors.axosfinancial.comWhat Do They Do?
Provides banking products, securities clearing and custody, and investment advisory services to retail and business customers, financial advisers, and broker-dealers.
10-K for FY2026, filed Aug 20, 2026Our Company is a technology-driven, diversified financial services company with approximately $30.0 billion in assets and approximately…View ↗
The Securities Business Segment provides a wide range of investment and wealth management services to individual and institutional clients…View ↗
Axos Clearing offers fully disclosed clearing services to Financial Industry Regulatory Authority (“FINRA”) and SEC registered member firms…View ↗
AAS provides RIAs who custody client accounts at Axos with a proprietary turnkey technology platform with client-account information as…View ↗
Also included in the Securities Business Segment is Axos Invest, which provides retail self-directed and digital advice services.View ↗
How Do They Make Money?
Advisers and mutual fund companies pay custody and fund fees based on customer assets while the assets are held or invested; broker-dealers pay for trade execution and clearing on trade date. Deposit-account and card service fees are generally collected immediately or the following month.
10-K for FY2026, filed Aug 20, 2026Advisory Fee Income—Asset-Based Custody Fees and Asset-Based Fund Fees. Asset-based custody fees consist of custody fees, and other…View ↗
Broker-Dealer Clearing Fees. The Company earns revenues for executing, settling and clearing securities transactions for other…View ↗
Banking and Service Fees—Deposit Service Fees. Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned…View ↗
Banking and Service Fees—Card Fees and Other. Fees, exchange, and other service charges are primarily comprised of debit card income, ATM…View ↗
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10-K for FY2026, filed Aug 20, 2026
FY2026 revenue by product or service ↗
$81.3M
-
10-K for FY2026, filed Aug 20, 2026
$81.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Advisory fee income
Recurring
10-K for FY2026, filed Aug 20, 2026 |
44%
FY2023: 43%
|
Advisory fee income, FY2026
$36M Sources
|
Recurring |
|
Broker-dealer clearing fees
Usage-based
10-K for FY2026, filed Aug 20, 2026 |
30%
FY2023: 34%
|
Broker-dealer clearing fees, FY2026
$24.2M Sources
|
Usage-based |
|
Deposit service fees
|
10%
FY2023: 6.9%
|
Deposit service fees, FY2026
$8.4M Sources
|
|
|
Card fees and other
Usage-based
10-K for FY2026, filed Aug 20, 2026 |
12% |
Card fees and other, FY2026
$10M Sources
|
Usage-based |
|
Technology and service fees
|
3.3%
FY2023: 9.4%
|
Technology and service fees, FY2026
$2.6M Sources
|
Who Are Their Customers?
Consumers and businesses access banking through digital platforms, affinity partners and lending channels; financial advisers and broker-dealers use custody and clearing services, while retail investors use self-directed trading and digital advice.
10-K for FY2026, filed Aug 20, 2026Our Company is a technology-driven, diversified financial services company with approximately $30.0 billion in assets and approximately…View ↗
The Securities Business Segment provides a wide range of investment and wealth management services to individual and institutional clients…View ↗
Axos Clearing offers fully disclosed clearing services to Financial Industry Regulatory Authority (“FINRA”) and SEC registered member firms…View ↗
AAS provides RIAs who custody client accounts at Axos with a proprietary turnkey technology platform with client-account information as…View ↗
Also included in the Securities Business Segment is Axos Invest, which provides retail self-directed and digital advice services.View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2026 was larger than its revenue and turned 358 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 37% in 4 years, from $59.4M in FY2022 to $81.3M in FY2026, about 8% a year.
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