Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Axos Financial ( (AX) ) has provided an update.
On June 30, 2025, the State of California enacted a new fiscal year 2026 budget that altered the apportionment of multi-state income for financial institutions, prompting Axos Financial to remeasure its deferred tax assets and liabilities. This resulted in a one-time non-cash impairment of approximately $4 million, which will be recognized in the fourth quarter of fiscal year 2025. The change is expected to reduce the company’s effective tax rate by about 3% for fiscal years ending June 30, 2026, and beyond, potentially benefiting Axos Financial’s future financial performance.
The most recent analyst rating on (AX) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on Axos Financial stock, see the AX Stock Forecast page.
Spark’s Take on AX Stock
According to Spark, TipRanks’ AI Analyst, AX is a Outperform.
Axos Financial receives a strong overall stock score due to its robust financial performance, attractive valuation, and positive corporate developments. The technical analysis indicates a positive trend, and the earnings call further supports growth prospects, despite some minor challenges. The company’s strategic initiatives and strong operational efficiency position it well for future growth.
To see Spark’s full report on AX stock, click here.
More about Axos Financial
Axos Financial, Inc., with approximately $24.0 billion in consolidated assets as of March 31, 2025, is the holding company for Axos Bank, Axos Clearing LLC, and Axos Invest, Inc. Axos Bank provides consumer and business banking products nationwide through low-cost distribution channels and affinity partners. Axos Clearing LLC offers securities clearing services, while Axos Invest, Inc. provides digital investment advisory services. The company’s stock is listed on the NYSE under the symbol ‘AX’ and is part of several financial indices.
Average Trading Volume: 374,017
Technical Sentiment Signal: Strong Buy
Current Market Cap: $4.33B
For detailed information about AX stock, go to TipRanks’ Stock Analysis page.