Axos FY2026: Net income +13% to $490.4M on acquisition, legal win, FINRA accrual

Filed August 20, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 21, 2025 · ~2 min read

Key Changes

• high

  Net income rose 13.3% to $490.4M (diluted EPS $8.48, +14.1%) as revenue grew 23.5% to $81.3M, driven by the Verdant acquisition, Jenius deposit acquisition, and a $22M legal settlement, partially offset by a $21M FINRA arbitration accrual and higher credit costs.

  MD&A: Financial Performance verify on EDGAR →
• high

  Provision for credit losses rose 81% to $101M on higher loan growth, Verdant PCD allowance ($7.9M), and net charge-offs up 70% to $43M (primarily C&I non-RE); nonaccrual loans improved to 0.60% of total loans from 0.79%.

  MD&A: Credit Quality verify on EDGAR →
• high

  FINRA arbitration panel awarded $49M against Axos Clearing (Jun 2026) related to third-party broker sales practices; company accrued $21M liability and filed petition to vacate, asserting no supervisory duty over introducing broker.

  Notes: Contingencies verify on EDGAR →