Axos Financial, Inc.

Overview

Axos Financial, Inc. is a U.S. financial-services company operating through its Banking and Securities segments. Its digital bank provides consumer and commercial deposit and lending products, while its securities businesses offer clearing and custody services, lending, trading, and digital wealth management. The company serves customers nationwide through online and mobile channels; its brand phrase is “banking evolved.” [1]+2

Axos Bank began operations in 2000 as a digital bank, and its holding company adopted the Axos Financial name in 2018. For the fiscal year ended June 30, 2026, net interest income plus non-interest income totaled approximately $1.48 billion. At June 30, 2026, the company reported 2,191 full-time employees, approximately $30.0 billion in assets, and $47.8 billion in assets under custody and/or administration.[4]+2 [1]+5

Products & services

Axos Bank offers consumer and business checking, savings and time-deposit accounts through online and mobile banking. Named offerings include Axos ONE, a checking-and-savings bundle, and the Axos Business Bundle, which combines business checking with high-yield savings. Business banking services include digital account access, accounting-software integration, merchant services and payroll.[1]+2

Lending products include single-family and multifamily mortgages; commercial real-estate and construction loans; lender and fund finance, asset-based and capital-call loans; equipment lending and leasing; auto loans; marine retail and floor-plan loans; and other consumer loans. Loans are originated through retail, correspondent and wholesale channels. At June 30, 2026, commercial real-estate loans were approximately $8.9 billion, or 34.0% of total loans; this is a loan-balance share, not a revenue contribution.[1]+3

Axos Clearing and Axos Advisor Services provide clearing, securities custody, stock lending and margin lending to broker-dealers and registered investment advisers. Axos Invest offers self-directed securities trading and digital investment-management and advisory services. Axos Clearing reported approximately $47.8 billion in assets under custody and/or administration at June 30, 2026. The FY2026 annual report describes fees from lending, deposit services, payment processing, technology, custody, clearing and investment management, but does not provide product-level revenue shares.[1][12] [1]+6

Geographic presence

Axos Financial’s banking operations serve customers nationwide in the United States through digital distribution channels and affinity partners. Its principal offices are at 9205 West Russell Road, Suite 400, Las Vegas, Nevada; the company also reports approximately 203,000 square feet of office space in San Diego, California, which it intends to occupy as a future headquarters.[13][14]

At June 30, 2026, the largest disclosed concentrations of real-estate loan principal by property location were New York (37.4%), Southern California (26.6%), and Northern California (6.9%). These figures describe loan collateral locations, not revenue or customer distribution; the reviewed disclosures do not provide a geographic revenue breakdown or employee distribution by location.[15] [14]+4

Business segments

Axos Financial reports two operating segments: **Banking Business** and **Securities Business**. The Banking Business includes banking and lending activities and provides consumer and business banking products. The Securities Business includes brokerage, clearing and investment services, including services for introducing broker-dealers and registered investment advisers and digital investment-advisory services for retail investors.[16][17]

For the nine months ended March 31, 2026, Banking generated approximately $1.028 billion in segment net interest and non-interest income, while Securities generated approximately $114.9 million. These amounts were about 93% and 10%, respectively, of consolidated revenue; they exceed 100% together because corporate activities and eliminations reduced the consolidated total.[18] At June 30, 2026, Banking represented approximately 96.9% of consolidated assets and Securities approximately 2.8%.[19] [16]+4

Company history

Axos Financial was incorporated in Delaware as BofI Holding, Inc. on July 6, 1999, to establish an internet-based savings bank; its bank subsidiary began operating as Bank of Internet USA on July 4, 2000.[20] The company completed its initial public offering and began trading on Nasdaq in March 2005.[21] In 2007, Gregory Garrabrants was appointed CEO.[22] The bank subsidiary changed its legal name to BofI Federal Bank in 2011.[23]

In 2018, BofI Holding adopted the Axos Financial name and BofI Federal Bank rebranded as Axos Bank; that year the bank also acquired Nationwide Bank deposits.[5][24] Axos expanded beyond banking through its 2019 acquisition of WiseBanyan, subsequently branded Axos Invest, and its acquisition of COR Clearing, which added securities-clearing operations.[25][26] In 2021, it acquired E*TRADE Advisor Services and renamed the business Axos Advisor Services.[27] Later milestones included purchasing two FDIC commercial real-estate loan portfolios in 2023 and completing the acquisition of fintech platform Arc Technologies in July 2026.[28][29] [20]+11

Sources

• Axos Financial, Inc. — Full financial report (2026 Y)
  11 citations

  [1][2][9][10][11][12][14][15][16][19][20]
• www.axosbank.com[3]
• Axos Financial, Inc. — Press release (2026 Y)[4]
• investors.axosfinancial.com[5]
• www.sec.gov[6]
• www.axosbank.com[7]
• www.axosbank.com[8]
• investors.axosfinancial.com[13]
• Axos Financial, Inc. — Full financial report (2026 Q 3)[17][18]
• investors.axosfinancial.com[21]
• investors.axosfinancial.com[22]
• investors.axosfinancial.com[23]
• investors.axosfinancial.com[24]
• investors.axosfinancial.com[25]
• investors.axosfinancial.com[26]
• investors.axosfinancial.com[27]
• investors.axosfinancial.com[28]
• investors.axosfinancial.com[29]
• investors.axosfinancial.com[30]