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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Dayforce (DAY). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $392.2M, roughly 1.2× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs -40.9%, a 72.6% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs 9.8%).
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
AX vs DAY — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $481.6M |
| Net Profit | $124.7M | $-196.8M |
| Gross Margin | — | — |
| Operating Margin | — | 6.3% |
| Net Margin | 31.8% | -40.9% |
| Revenue YoY | — | 9.5% |
| Net Profit YoY | 18.5% | -9940.0% |
| EPS (diluted) | $2.15 | $-1.23 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | — | ||
| Q3 25 | $323.4M | $481.6M | ||
| Q2 25 | $321.4M | $464.7M | ||
| Q1 25 | $308.8M | $481.8M | ||
| Q4 24 | $307.9M | $465.2M | ||
| Q3 24 | $320.7M | $440.0M | ||
| Q2 24 | $290.9M | $423.3M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | — | ||
| Q3 25 | $112.4M | $-196.8M | ||
| Q2 25 | $110.7M | $21.3M | ||
| Q1 25 | $105.2M | $14.9M | ||
| Q4 24 | $104.7M | $10.8M | ||
| Q3 24 | $112.3M | $2.0M | ||
| Q2 24 | $104.9M | $-1.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | — | ||
| Q3 25 | 46.3% | 6.3% | ||
| Q2 25 | 48.5% | 9.1% | ||
| Q1 25 | 47.9% | 6.4% | ||
| Q4 24 | 48.8% | 6.1% | ||
| Q3 24 | 49.6% | 4.7% | ||
| Q2 24 | 49.6% | 3.3% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | — | ||
| Q3 25 | 34.7% | -40.9% | ||
| Q2 25 | 34.4% | 4.6% | ||
| Q1 25 | 34.1% | 3.1% | ||
| Q4 24 | 34.0% | 2.3% | ||
| Q3 24 | 35.0% | 0.5% | ||
| Q2 24 | 36.0% | -0.4% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | — | ||
| Q3 25 | $1.94 | $-1.23 | ||
| Q2 25 | $1.89 | $0.13 | ||
| Q1 25 | $1.81 | $0.09 | ||
| Q4 24 | $1.80 | $0.07 | ||
| Q3 24 | $1.93 | $0.01 | ||
| Q2 24 | $1.75 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $627.6M |
| Total DebtLower is stronger | — | $631.1M |
| Stockholders' EquityBook value | $3.1B | $2.7B |
| Total Assets | $29.2B | $8.7B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $2.6B | $627.6M | ||
| Q2 25 | $1.9B | $625.2M | ||
| Q1 25 | $2.0B | $557.3M | ||
| Q4 24 | $2.4B | $579.7M | ||
| Q3 24 | $2.6B | $494.1M | ||
| Q2 24 | $2.0B | $465.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $631.1M | ||
| Q2 25 | $312.7M | $631.8M | ||
| Q1 25 | $377.4M | $632.4M | ||
| Q4 24 | $358.7M | $1.2B | ||
| Q3 24 | $313.5M | $1.2B | ||
| Q2 24 | $325.7M | $1.2B |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $2.7B | ||
| Q2 25 | $2.7B | $2.7B | ||
| Q1 25 | $2.6B | $2.6B | ||
| Q4 24 | $2.5B | $2.5B | ||
| Q3 24 | $2.4B | $2.6B | ||
| Q2 24 | $2.3B | $2.5B |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | — | ||
| Q3 25 | $27.4B | $8.7B | ||
| Q2 25 | $24.8B | $8.5B | ||
| Q1 25 | $24.0B | $9.5B | ||
| Q4 24 | $23.7B | $9.1B | ||
| Q3 24 | $23.6B | $8.1B | ||
| Q2 24 | $22.9B | $9.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | 0.12× | 0.23× | ||
| Q1 25 | 0.14× | 0.24× | ||
| Q4 24 | 0.14× | 0.47× | ||
| Q3 24 | 0.13× | 0.47× | ||
| Q2 24 | 0.14× | 0.49× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $31.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $118.4M | $31.2M | ||
| Q2 25 | $490.3M | $112.7M | ||
| Q1 25 | $73.7M | $49.6M | ||
| Q4 24 | $162.5M | $81.0M | ||
| Q3 24 | $70.8M | $91.8M | ||
| Q2 24 | $305.5M | $99.2M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | — | ||
| Q2 25 | $436.1M | — | ||
| Q1 25 | $65.1M | — | ||
| Q4 24 | $156.4M | — | ||
| Q3 24 | $53.0M | — | ||
| Q2 24 | $269.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | — | ||
| Q2 25 | 135.7% | — | ||
| Q1 25 | 21.1% | — | ||
| Q4 24 | 50.8% | — | ||
| Q3 24 | 16.5% | — | ||
| Q2 24 | 92.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 12.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | 5.29× | ||
| Q1 25 | 0.70× | 3.33× | ||
| Q4 24 | 1.55× | 7.50× | ||
| Q3 24 | 0.63× | 45.90× | ||
| Q2 24 | 2.91× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
