AXON Axon Enterprise margins

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Relative Growth: Rel. Growth:
Relative Strength: Rel. Strength:
Relative Valuation: Rel. Valuation:
Relative Profitability: Rel. Profitability: 44
Gross margin
59.4%
Operating margin
0.7%
EBITDA margin
12.6%
Net margin
6.2%

Current Axon Enterprise reports a gross margin of 59.4%, an operating margin of 0.7%, an EBITDA margin of 12.6%, and a net margin of 6.2%. Operating margin increased the most, by 0.8 percentage points, while net margin fell the most, by 7.4 percentage points.

AXON margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Axon Enterprise's margins averaged 60.07% gross, 3.13% operating, 15.23% EBITDA, and 12.08% net. All four current margins are below their three-year averages.

AXON margin expansion

Year-over-year margin changes in percentage points

Axon Enterprise's operating margin expanded by 0.8 percentage points, but gross margin contracted by 1.1 percentage points, EBITDA margin by 1.7 percentage points, and net margin by 7.4 percentage points.

Gross margin expansion
-1.1pp
Operating margin expansion
0.8pp
EBITDA margin expansion
-1.7pp
Net margin expansion
-7.4pp

AXON Gross margin

The average gross margin for Axon Enterprise was 60.07% during the last 3 years. At present, the current gross margin for Axon Enterprise is 59.4%, 0.7 percentage points below its three-year average. The gross margin for Axon Enterprise moved between 59.3% in Mar 2026 and 61.2% in Dec 2023.

AXON Operating margin

Over the last 3 years, Axon Enterprise's operating margin averaged 3.13%. The current operating margin of 0.7% is 2.4 percentage points below its three-year average. During this period, operating margin reached a high of 10% in Dec 2023 and a low of -2.2% in Dec 2025.

AXON EBITDA margin

The average EBITDA margin for Axon Enterprise was 15.23% over the last 3 years. As of the latest period, the current EBITDA margin for Axon Enterprise is 12.6%, 2.6 percentage points below its three-year average. The EBITDA margin for Axon Enterprise moved between 7.1% in Dec 2025 and 21% in Dec 2024.

AXON Net margin

The average net margin for Axon Enterprise was 12.08% over the last 3 years. As of the latest period, the current net margin for Axon Enterprise is 6.2%, 5.9 percentage points below its three-year average. The net margin for Axon Enterprise moved between 4.5% in Dec 2025 and 18.1% in Dec 2024.

AXON margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 59.4%, AXON is above the Industrials sector and the industry average. Compared to its Industrials sector average of 32.7%, Axon Enterprise's gross margin is 82% higher.

AXON margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Axon Enterprise's gross margin?

The current gross margin for AXON is 59.4% as of Jun 30, 2026.

What is Axon Enterprise's operating margin?

The current operating margin for AXON is 0.7% as of Jun 30, 2026.

What is Axon Enterprise's EBITDA margin?

The current EBITDA margin for AXON is 12.6% as of Jun 30, 2026.

What is Axon Enterprise's net margin?

As of Jun 30, 2026, AXON has a net margin of 6.2%.

What are the average margins of AXON?

Over the past 3 years, AXON reported average margins of 60.1% gross, 3.1% operating, 15.2% EBITDA, and 12.1% net.

What are the highest historical margins of AXON?

Across the 5-year period, AXON posted its highest margins at 62.7% gross in Dec 2021, 10% operating in Dec 2023, 21% EBITDA in Dec 2024, and 18.1% net in Dec 2024.

What are the lowest historical margins of AXON?

Over the last 5 years, Axon Enterprise's lowest margins were 59.3% gross in Mar 2026, -19.5% operating in Dec 2021, -13.6% EBITDA in Dec 2021, and -7% net in Dec 2021.