How does Axon Enterprise (AXON) make money?

Axon Enterprise (AXON) generates revenue primarily from Software And Sensors Segment, which accounted for 36.6% of total revenue in TTM through Q1 2026. The company reported $2.98B in revenue and converted 6.9% of it into net profit, equivalent to roughly $206M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Axon Enterprise (AXON)?

Axon Enterprise (AXON) reported a gross profit margin of 59.3% in TTM through Q1 2026, equivalent to $1.77B in gross profit on $2.98B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Axon Enterprise (AXON)?

Axon Enterprise (AXON) reported an operating profit margin of 1.3% in TTM through Q1 2026, equivalent to $38.2M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Axon Enterprise (AXON)?

Axon Enterprise (AXON) reported a net profit margin of 6.9% in TTM through Q1 2026, equivalent to $206M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Axon Enterprise (AXON) profitable?

Yes. Axon Enterprise (AXON) reported $206M in net income for TTM through Q1 2026, with a net profit margin of 6.9%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Axon Enterprise (AXON) invest in research and development?

Axon Enterprise (AXON) invested $662M in research and development during TTM through Q1 2026, roughly 22.2% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Axon Enterprise (AXON) spend on capital expenditures?

Axon Enterprise (AXON) spent $135M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 4.5% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Axon Enterprise (AXON) generate?

Axon Enterprise (AXON) generated $19.5M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 0.7%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Axon Enterprise (AXON)?

Axon Enterprise (AXON) reports revenue across 6 reportable product segments, led by Software And Sensors Segment at 36.6% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Axon Enterprise (AXON) generate most of its revenue?

UNITED STATES is the largest geographic market for Axon Enterprise (AXON), accounting for 81.2% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Axon Enterprise Makes Money: 2026 Visual Revenue Map

Axon Enterprise (AXON) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 7, 2026).

Axon Enterprise (AXON) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Axon Enterprise (AXON), TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Software And Sensors Segment	$1.09B	36.6%
TASER X2	$804M	26.9%
Axon Body	$355M	11.9%
Platform Solutions	$264M	8.9%
Taser Weapons Segment	$264M	8.8%
Software and Sensors Segment	$205M	6.9%
Total	$2.98B	100%

Software And Sensors Segment$1.09B
TASER X2$804M
Axon Body$355M
Platform Solutions$264M
Taser Weapons Segment$264M
Software and Sensors Segment$205M
Total$2.98B

Axon Enterprise (AXON) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Axon Enterprise (AXON), TTM through Q1 2026
Region	Revenue (USD)	% of total
UNITED STATES	$2.42B	81.2%
Non-US	$561M	18.8%
Total	$2.98B	100%

UNITED STATES
Non-US
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Axon Enterprise (AXON) reports revenue across 6 reportable product segments; the largest segment was Software And Sensors Segment at 36.6%, followed by TASER X2 (26.9%) and Axon Body (11.9%). Geographically, UNITED STATES accounted for 81.2% of revenue, followed by Non-US (18.8%).

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