AXON Axon Enterprise margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 49

Gross margin

58.5%

Operating margin

EBITDA margin

14.4%

Net margin

7.6%

Current Axon Enterprise reports a gross margin of 58.5%, an operating margin of 2%, an EBITDA margin of 14.4%, and a net margin of 7.6%. Operating margin increased the most, by 3.1 percentage points, while net margin fell the most, by 2.5 percentage points.

AXON margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Axon Enterprise's margins averaged 59.94% gross, 3.03% operating, 15.22% EBITDA, and 11.71% 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 3.1 percentage points and EBITDA margin by 2 percentage points, but gross margin contracted by 1.8 percentage points and net margin by 2.5 percentage points.

Gross margin expansion

-1.8pp

Operating margin expansion

3.1pp

EBITDA margin expansion

2pp

Net margin expansion

-2.5pp

AXON Gross margin

The average gross margin for Axon Enterprise was 59.94% during the last 3 years. At present, the current gross margin for Axon Enterprise is 58.5%, 1.4 percentage points below its three-year average. The gross margin for Axon Enterprise moved between 58.5% in Sep 2026 and 61.2% in Dec 2023.

AXON Operating margin

Over the last 3 years, Axon Enterprise's operating margin averaged 3.03%. The current operating margin of 2% is 1 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 15.22% over the last 3 years. As of the latest period, the current EBITDA margin for Axon Enterprise is 14.4%, 0.8 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 11.71% over the last 3 years. As of the latest period, the current net margin for Axon Enterprise is 7.6%, 4.1 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 58.5%, AXON is above the Industrials sector and the industry average. Compared to its Industrials sector average of 32.5%, Axon Enterprise's gross margin is 80% 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 58.5% as of Sep 30, 2026.

What is Axon Enterprise's operating margin?

The current operating margin for AXON is 2% as of Sep 30, 2026.

What is Axon Enterprise's EBITDA margin?

The current EBITDA margin for AXON is 14.4% as of Sep 30, 2026.

What is Axon Enterprise's net margin?

As of Sep 30, 2026, AXON has a net margin of 7.6%.

What are the average margins of AXON?

Over the past 3 years, AXON reported average margins of 59.9% gross, 3.0% operating, 15.2% EBITDA, and 11.7% 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 58.5% gross in Sep 2026, -19.5% operating in Dec 2021, -13.6% EBITDA in Dec 2021, and -7% net in Dec 2021.