Axos Financial
Axos Financial (NYSE: AX) is a digital-first, branchless bank holding company operating Axos Bank, Axos Clearing, and Axos Invest with approximately $29.2 billion in consolidated assets, serving consumer, small business, broker-dealer, and retail investor segments nationwide through low-cost digital and affinity channels.
- Company typePublic
- Founded2007
- HeadquartersSan Diego, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Axos Financial does
Axos Financial, Inc. (NYSE: AX) is the holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc., operating as a digital-first, branchless financial services platform serving consumer, small business, broker-dealer, RIA, and retail investor segments nationwide. Founded in 2007 under CEO Gregory Garrabrants and rebranded from Bank of Internet USA in 2018, the company had approximately $29.2 billion in consolidated assets and $25.5 billion in loans as of March 31, 2026, supported by a 4.57% net interest margin maintained despite Federal Reserve rate cuts.
The platform combines a federally chartered savings bank (Axos Bank) with a digital investment advisor (Axos Invest) and a securities clearing and custody franchise (Axos Clearing) holding approximately $44.0 billion in assets under custody and administration. In 2025, Axos acquired Verdant Commercial Capital to expand into equipment finance, driving a 157.7% surge in non-interest income. The company distributes its products through digital channels, affinity partnerships with payroll and merchant services providers, and direct institutional relationships with introducing broker-dealers and registered investment advisor correspondents.
Revenue is generated primarily through net interest income from lending and deposit activities, supplemented by transaction and fee income from securities clearing, equipment finance, and digital investment advisory services. The business model relies on operational efficiency from a branchless architecture and Artificial Intelligence Operations initiatives to support competitive deposit pricing and to maintain credit discipline, evidenced by 192.2% allowance coverage of nonaccrual loans in the most recent reported quarter.
Axos Financial firmographics
Firmographics- Name
- Axos Financial
- Legal name
- Axos Financial, Inc.
- Website
- https://investors.axosfinancial.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Axos Financial (NYSE: AX) is a digital-first, branchless bank holding company operating Axos Bank, Axos Clearing, and Axos Invest with approximately $29.2 billion in consolidated assets, serving consumer, small business, broker-dealer, and retail investor segments nationwide through low-cost digital and affinity channels.
- Ownership category
- akta.pro rank
Axos Financial industry classification
Industry- Product category
- Digital Banking & Financial Services
- NAICS
- Depository Credit Intermediation (5221), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)
- SIC
- Savings Institution, Federally Chartered (6035), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282)
- akta.pro primary industry
- Digital Account Opening & Onboarding (eKYC, eSignature, Origination) (FSAGAAAB)
- akta.pro secondary industries
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
Keywords
Where Axos Financial is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Axos Financial business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Net Interest Income: Interest income from lending activities minus interest paid on deposits and borrowings. Primary revenue driver from banking operations including consumer and commercial lending.
- Securities Clearing Services: Axos Clearing LLC provides comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents. Revenue from transaction fees and custodial services.
- Digital Investment Advisory: Axos Invest, Inc. provides digital investment advisory services to retail investors, generating fee-based revenue.
- Equipment Finance: Verdant Commercial Capital equipment finance division contributing non-interest income including fee income from equipment leasing and financing.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Axos Financial product offering
Product offeringCore offering
Axos Financial is a digital-first holding company that delivers consumer and business banking products through Axos Bank, securities clearing and custody services to introducing broker-dealers and RIAs through Axos Clearing LLC, and digital investment advisory services to retail investors through Axos Invest, Inc. The company also operates equipment finance through the Verdant Commercial Capital division. All banking and deposit services are offered nationwide through low-cost, branchless digital distribution channels and affinity partners rather than physical branches.
Product overview
Axos Financial operates as a digital-first financial services holding company with a platform-plus-subsidiaries architecture. The core platform comprises three main operating subsidiaries: Axos Bank (consumer and business banking), Axos Clearing LLC (securities clearing and custody services with approximately $44.0 billion in assets under administration), and Axos Invest, Inc. (digital investment advisory). The company also includes acquired Verdant Commercial Capital for equipment finance. All banking services are delivered through digital-first, branchless distribution channels, with Axos Bank ranked as the 4th-highest performing publicly traded bank in 2025 by S&P Global among U.S. banks with greater than $10 billion in assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Axos Bank Consumer and Business Banking Consumer and business banking products delivered nationwide through digital-first distribution channels and affinity partners. Includes checking, savings, lending, and retirement accounts (including the $3.2 billion IRA portfolio acquired from Capital One) for individual consumers and small businesses.
- Axos Clearing LLC Securities Clearing and Custody Comprehensive securities clearing, custody, and back-office services delivered to introducing broker-dealers and registered investment advisor (RIA) correspondents. Includes the Axos Advisor Services business division. Holds approximately $44.0 billion in assets under custody and/or administration as of March 31, 2026.
- Axos Invest, Inc. Digital Investment Advisory Digital investment advisory and automated portfolio management services delivered to retail investors through digital platforms, generating fee-based revenue.
- Verdant Commercial Capital Equipment Finance Equipment finance division of Axos Bank offering equipment leasing and financing, generating fee income through transactions and equipment asset-backed securitizations. Acquired in 2025 and integrated into the loan portfolio.
- Multifamily Lending Program Real estate lending program through Axos Bank providing multifamily residential property financing to real estate developers and investors, supported by strategic capital partners.
Quantifiable outcome
- Net interest margin of 4.57% despite Federal Reserve rate cuts (Q3 FY26)
- +2 more outcomes
Companies that use Axos Financial
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles5 records
Axos Financial technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Axos Financial partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major, minor and core.
- Capital OnemajorAxos Financial announced acquisition of $3.2 billion in IRAs (Individual Retirement Accounts) from Capital One, representing a significant deposit acquisition to support future organic loan growth.
- Amzak CapitalminorAxos Financial unit backed a $200 million financing facility with Amzak Capital to support multifamily lending activities, highlighting the company's focus on real estate lending through its banking segment.
- Payroll Service ProviderscoreStrategic partnerships with payroll providers are part of Axos Bank's small business ecosystem expansion, enabling integrated banking services for small business customers.
- Merchant Services ProviderscoreStrategic partnerships with merchant services specialists support the bank's small business ecosystem, providing integrated payment and banking solutions.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Axos Financial competitors and assessment
Company assessmentDirect peers
- Ally Financial: Direct-to-consumer digital-first bank with no physical branches, offering consumer deposits, auto lending, and mortgage products nationally. Highly comparable to Axos on digital distribution model, deposit-gathering strategy, and consumer/SMB banking focus.
- SoFi Technologies: National chartered digital bank offering consumer banking, lending, and investment services through a mobile-first platform. Direct competitor to Axos in digital consumer deposits and personal lending with similar branchless operating model.
- Discover Financial Services: Direct bank with no traditional branches, providing deposit products, personal lending, and card services nationwide. Comparable to Axos on branchless deposit-gathering model and diversified fee-income streams.
- Live Oak Bancshares: Digital-first community bank focused on small business lending and deposits, with nationwide reach. Comparable to Axos's small business banking segment (40,000+ SMB customers, $1B in SMB deposits) and digital distribution strategy.
- Customers Bancorp: Digital-forward commercial and consumer bank with strong commercial lending and deposit franchises. Comparable to Axos on digital-first commercial banking growth and similar balance sheet scale.
- First Internet Bancorp: Pure-play digital bank offering consumer and small business banking products nationwide without physical branches. Closely mirrors Axos's branchless model and online deposit-gathering approach.
Emerging players
- LendingClub: Digital lending and banking platform focused on consumer credit and small business banking. Comparable to Axos on digital lending and deposit products, though more focused on marketplace lending than full-service banking.
Broad incumbents
- Charles Schwab: Large incumbent brokerage and custodian operating securities clearing, custody, and investment advisory services. Directly comparable to Axos Clearing LLC's ($44B AUC) and Axos Invest's business model, though at much larger scale.
- Capital One: Major diversified bank with strong consumer card and digital banking franchises. Comparable to Axos on digital-first consumer banking and a counterparty in the pending $3.2B IRA portfolio sale to Axos.
- Bank of New York Mellon: Global custodian and clearing provider for institutional broker-dealers and RIAs. Comparable to Axos Clearing's custody/clearing services business, though at vastly greater scale and breadth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Axos Financial social profiles
Digital presenceAxos Financial financial estimates
Financial estimateRevenue estimate
Valuation estimate
Axos Financial leadership team
Management profileNumber of profiles
Profiles15 records
Axos Financial subsidiaries and ownership
Company hierarchySubsidiaries4 records
Axos Financial funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Axos Financial M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Axos Financial
What does Axos Financial do?
Axos Financial is a digital-first holding company that delivers consumer and business banking products through Axos Bank, securities clearing and custody services to introducing broker-dealers and RIAs through Axos Clearing LLC, and digital investment advisory services to retail investors through Axos Invest, Inc. The company also operates equipment finance through the Verdant Commercial Capital division. All banking and deposit services are offered nationwide through low-cost, branchless digital distribution channels and affinity partners rather than physical branches.
Is Axos Financial a public or private company?
Axos Financial is a public company. It is classified as public and is currently operating.
When was Axos Financial founded?
Axos Financial was founded in 2007. It employs 1,001 to 5,000 people.
Where is Axos Financial based?
Axos Financial is headquartered in San Diego, United States, in the North America region.
How does Axos Financial make money?
Four revenue lines are on record. Net Interest Income is the primary driver. The others are securities Clearing Services, digital Investment Advisory and equipment Finance.
Who are Axos Financial's main competitors?
Direct peers on record are Ally Financial, SoFi Technologies, Discover Financial Services, Live Oak Bancshares, Customers Bancorp and First Internet Bancorp. LendingClub is listed as an emerging player. Broad incumbents are Charles Schwab, Capital One and Bank of New York Mellon.
Does Axos Financial have an API?
No public API is recorded for Axos Financial.
What industry is Axos Financial in?
Axos Financial's product category is Digital Banking & Financial Services. Its primary akta.pro industry code is FSAGAAAB, Digital Account Opening & Onboarding (eKYC, eSignature, Origination), with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 5221 and its SIC code is 6035.