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Side-by-side financial comparison of Axos Financial, Inc. (AX) and Soho House & Co Inc. (SHCO). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $370.8M, roughly 1.1× Soho House & Co Inc.). Axos Financial, Inc. runs the higher net margin — 31.8% vs -5.0%, a 36.8% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs 13.5%).
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.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
AX vs SHCO — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $392.2M | $370.8M |
| Net Profit | $124.7M | $-18.7M |
| Gross Margin | — | — |
| Operating Margin | — | -1.6% |
| Net Margin | 31.8% | -5.0% |
| Revenue YoY | — | 11.2% |
| Net Profit YoY | 18.5% | -10790.3% |
| EPS (diluted) | $2.15 | $-0.10 |
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 | $370.8M | ||
| Q2 25 | $321.4M | $329.8M | ||
| Q1 25 | $308.8M | $282.9M | ||
| Q4 24 | $307.9M | $305.6M | ||
| Q3 24 | $320.7M | $333.4M | ||
| Q2 24 | $290.9M | $302.9M |
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | — | ||
| Q3 25 | $112.4M | $-18.7M | ||
| Q2 25 | $110.7M | $24.9M | ||
| Q1 25 | $105.2M | $8.2M | ||
| Q4 24 | $104.7M | $-91.7M | ||
| Q3 24 | $112.3M | $175.0K | ||
| Q2 24 | $104.9M | $-29.9M |
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | — | ||
| Q3 25 | 46.3% | -1.6% | ||
| Q2 25 | 48.5% | 18.1% | ||
| Q1 25 | 47.9% | 12.3% | ||
| Q4 24 | 48.8% | -23.1% | ||
| Q3 24 | 49.6% | 11.4% | ||
| Q2 24 | 49.6% | -4.3% |
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | — | ||
| Q3 25 | 34.7% | -5.0% | ||
| Q2 25 | 34.4% | 7.5% | ||
| Q1 25 | 34.1% | 2.9% | ||
| Q4 24 | 34.0% | -30.0% | ||
| Q3 24 | 35.0% | 0.1% | ||
| Q2 24 | 36.0% | -9.9% |
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | — | ||
| Q3 25 | $1.94 | $-0.10 | ||
| Q2 25 | $1.89 | $0.13 | ||
| Q1 25 | $1.81 | $0.04 | ||
| Q4 24 | $1.80 | $-0.48 | ||
| Q3 24 | $1.93 | $0.00 | ||
| Q2 24 | $1.75 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $142.5M |
| Total DebtLower is stronger | — | $735.8M |
| Stockholders' EquityBook value | $3.1B | $-351.6M |
| Total Assets | $29.2B | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $2.6B | $142.5M | ||
| Q2 25 | $1.9B | $150.3M | ||
| Q1 25 | $2.0B | $150.1M | ||
| Q4 24 | $2.4B | $152.7M | ||
| Q3 24 | $2.6B | $142.8M | ||
| Q2 24 | $2.0B | $148.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $735.8M | ||
| Q2 25 | $312.7M | $729.8M | ||
| Q1 25 | $377.4M | $705.1M | ||
| Q4 24 | $358.7M | $691.5M | ||
| Q3 24 | $313.5M | $694.8M | ||
| Q2 24 | $325.7M | $682.1M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $-351.6M | ||
| Q2 25 | $2.7B | $-348.6M | ||
| Q1 25 | $2.6B | $-340.1M | ||
| Q4 24 | $2.5B | $-335.1M | ||
| Q3 24 | $2.4B | $-279.4M | ||
| Q2 24 | $2.3B | $-231.7M |
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | — | ||
| Q3 25 | $27.4B | $2.7B | ||
| Q2 25 | $24.8B | $2.6B | ||
| Q1 25 | $24.0B | $2.5B | ||
| Q4 24 | $23.7B | $2.4B | ||
| Q3 24 | $23.6B | $2.6B | ||
| Q2 24 | $22.9B | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
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 | — | $34.9M |
| Free Cash FlowOCF − Capex | — | $3.5M |
| FCF MarginFCF / Revenue | — | 0.9% |
| Capex IntensityCapex / Revenue | — | 8.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | — | ||
| Q3 25 | $118.4M | $34.9M | ||
| Q2 25 | $490.3M | $41.0M | ||
| Q1 25 | $73.7M | $22.8M | ||
| Q4 24 | $162.5M | $26.9M | ||
| Q3 24 | $70.8M | $20.6M | ||
| Q2 24 | $305.5M | $36.0M |
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | — | ||
| Q3 25 | $109.3M | $3.5M | ||
| Q2 25 | $436.1M | $12.4M | ||
| Q1 25 | $65.1M | $7.5M | ||
| Q4 24 | $156.4M | $18.5M | ||
| Q3 24 | $53.0M | $10.3M | ||
| Q2 24 | $269.5M | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | — | ||
| Q3 25 | 33.8% | 0.9% | ||
| Q2 25 | 135.7% | 3.8% | ||
| Q1 25 | 21.1% | 2.7% | ||
| Q4 24 | 50.8% | 6.1% | ||
| Q3 24 | 16.5% | 3.1% | ||
| Q2 24 | 92.6% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 2.8% | 8.5% | ||
| Q2 25 | 16.9% | 8.7% | ||
| Q1 25 | 2.8% | 5.4% | ||
| Q4 24 | 2.0% | 2.7% | ||
| Q3 24 | 5.5% | 3.1% | ||
| Q2 24 | 12.4% | 8.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 4.43× | 1.65× | ||
| Q1 25 | 0.70× | 2.79× | ||
| Q4 24 | 1.55× | — | ||
| Q3 24 | 0.63× | 117.70× | ||
| 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% |
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
