Axos Financial, Inc. Earnings Per Share Disclosure
| June 30, | |||||||||||||||||
| (Dollars in thousands, except per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Earnings Per Common Share | |||||||||||||||||
| Net income | $ | 432,908 | $ | 450,008 | $ | 307,165 | |||||||||||
| Average common shares issued and outstanding | 56,862,630 | 57,509,029 | 59,691,541 | ||||||||||||||
| Earnings per common share | $ | 7.61 | $ | 7.82 | $ | 5.15 | |||||||||||
| Diluted Earnings Per Common Share | |||||||||||||||||
| Net income | $ | 432,908 | $ | 450,008 | $ | 307,165 | |||||||||||
| Average common shares issued and outstanding | 56,862,630 | 57,509,029 | 59,691,541 | ||||||||||||||
| Dilutive effect of average unvested RSUs | 1,378,791 | 1,216,607 | 875,313 | ||||||||||||||
| Average dilutive common shares outstanding | 58,241,421 | 58,725,636 | 60,566,854 | ||||||||||||||
| Diluted earnings per common share | $ | 7.43 | $ | 7.66 | $ | 5.07 | |||||||||||
| Weighted average antidilutive common stock equivalents (excluded from the computation of EPS) | 6,192 | 9,744 | 4,505 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 21, 2025 | Showing above |
| 2017 | Aug 24, 2017 | |
| 2016 | Aug 25, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.