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Side-by-side financial comparison of Axos Financial, Inc. (AX) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $385.1M, roughly 2.0× Axos Financial, Inc.). Axos Financial, Inc. runs the higher net margin — 33.3% vs 2.2%, a 31.2% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 2.5%). Axos Financial, Inc. produced more free cash flow last quarter ($85.4M vs $28.9M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
AX vs SCSC — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $385.1M | $766.5M |
| Net Profit | $128.4M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 45.6% | 2.3% |
| Net Margin | 33.3% | 2.2% |
| Revenue YoY | 25.1% | 2.5% |
| Net Profit YoY | 22.6% | -3.3% |
| EPS (diluted) | $2.22 | $0.75 |
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.
| Q4 25 | $385.1M | $766.5M | ||
| Q3 25 | $323.4M | $739.6M | ||
| Q2 25 | $321.4M | $812.9M | ||
| Q1 25 | $308.8M | $704.8M | ||
| Q4 24 | $307.9M | $747.5M | ||
| Q3 24 | $320.7M | $775.6M | ||
| Q2 24 | $290.9M | $746.1M | ||
| Q1 24 | $294.8M | $752.6M |
| Q4 25 | $128.4M | $16.5M | ||
| Q3 25 | $112.4M | $19.9M | ||
| Q2 25 | $110.7M | $20.1M | ||
| Q1 25 | $105.2M | $17.4M | ||
| Q4 24 | $104.7M | $17.1M | ||
| Q3 24 | $112.3M | $17.0M | ||
| Q2 24 | $104.9M | $16.1M | ||
| Q1 24 | $110.7M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 45.6% | 2.3% | ||
| Q3 25 | 46.3% | 3.5% | ||
| Q2 25 | 48.5% | 3.3% | ||
| Q1 25 | 47.9% | 3.2% | ||
| Q4 24 | 48.8% | 2.5% | ||
| Q3 24 | 49.6% | 2.3% | ||
| Q2 24 | 49.6% | 2.9% | ||
| Q1 24 | 52.8% | 2.3% |
| Q4 25 | 33.3% | 2.2% | ||
| Q3 25 | 34.7% | 2.7% | ||
| Q2 25 | 34.4% | 2.5% | ||
| Q1 25 | 34.1% | 2.5% | ||
| Q4 24 | 34.0% | 2.3% | ||
| Q3 24 | 35.0% | 2.2% | ||
| Q2 24 | 36.0% | 2.2% | ||
| Q1 24 | 37.6% | 1.7% |
| Q4 25 | $2.22 | $0.75 | ||
| Q3 25 | $1.94 | $0.89 | ||
| Q2 25 | $1.89 | $0.87 | ||
| Q1 25 | $1.81 | $0.74 | ||
| Q4 24 | $1.80 | $0.70 | ||
| Q3 24 | $1.93 | $0.69 | ||
| Q2 24 | $1.75 | $0.66 | ||
| Q1 24 | $1.91 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.9B | $910.9M |
| Total Assets | $28.2B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $83.5M | ||
| Q3 25 | $2.6B | $124.9M | ||
| Q2 25 | $1.9B | $126.2M | ||
| Q1 25 | $2.0B | $146.3M | ||
| Q4 24 | $2.4B | $110.5M | ||
| Q3 24 | $2.6B | $145.0M | ||
| Q2 24 | $2.0B | $185.5M | ||
| Q1 24 | $2.1B | $159.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — | ||
| Q1 24 | $330.4M | — |
| Q4 25 | $2.9B | $910.9M | ||
| Q3 25 | $2.8B | $914.0M | ||
| Q2 25 | $2.7B | $906.4M | ||
| Q1 25 | $2.6B | $901.7M | ||
| Q4 24 | $2.5B | $900.7M | ||
| Q3 24 | $2.4B | $920.9M | ||
| Q2 24 | $2.3B | $924.3M | ||
| Q1 24 | $2.2B | $944.1M |
| Q4 25 | $28.2B | $1.7B | ||
| Q3 25 | $27.4B | $1.7B | ||
| Q2 25 | $24.8B | $1.8B | ||
| Q1 25 | $24.0B | $1.7B | ||
| Q4 24 | $23.7B | $1.7B | ||
| Q3 24 | $23.6B | $1.8B | ||
| Q2 24 | $22.9B | $1.8B | ||
| Q1 24 | $22.6B | $1.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.15× | — |
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 | $104.1M | $30.8M |
| Free Cash FlowOCF − Capex | $85.4M | $28.9M |
| FCF MarginFCF / Revenue | 22.2% | 3.8% |
| Capex IntensityCapex / Revenue | 4.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.81× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $695.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.1M | $30.8M | ||
| Q3 25 | $118.4M | $23.2M | ||
| Q2 25 | $490.3M | — | ||
| Q1 25 | $73.7M | $66.1M | ||
| Q4 24 | $162.5M | $-6.2M | ||
| Q3 24 | $70.8M | $44.8M | ||
| Q2 24 | $305.5M | — | ||
| Q1 24 | $115.8M | $160.2M |
| Q4 25 | $85.4M | $28.9M | ||
| Q3 25 | $109.3M | $20.8M | ||
| Q2 25 | $436.1M | — | ||
| Q1 25 | $65.1M | $64.6M | ||
| Q4 24 | $156.4M | $-8.2M | ||
| Q3 24 | $53.0M | $42.5M | ||
| Q2 24 | $269.5M | — | ||
| Q1 24 | $107.3M | $157.7M |
| Q4 25 | 22.2% | 3.8% | ||
| Q3 25 | 33.8% | 2.8% | ||
| Q2 25 | 135.7% | — | ||
| Q1 25 | 21.1% | 9.2% | ||
| Q4 24 | 50.8% | -1.1% | ||
| Q3 24 | 16.5% | 5.5% | ||
| Q2 24 | 92.6% | — | ||
| Q1 24 | 36.4% | 21.0% |
| Q4 25 | 4.9% | 0.3% | ||
| Q3 25 | 2.8% | 0.3% | ||
| Q2 25 | 16.9% | 0.3% | ||
| Q1 25 | 2.8% | 0.2% | ||
| Q4 24 | 2.0% | 0.3% | ||
| Q3 24 | 5.5% | 0.3% | ||
| Q2 24 | 12.4% | 0.2% | ||
| Q1 24 | 2.9% | 0.3% |
| Q4 25 | 0.81× | 1.87× | ||
| Q3 25 | 1.05× | 1.17× | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 0.70× | 3.79× | ||
| Q4 24 | 1.55× | -0.36× | ||
| Q3 24 | 0.63× | 2.64× | ||
| Q2 24 | 2.91× | — | ||
| Q1 24 | 1.05× | 12.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AX
Segment breakdown not available.
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
