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Side-by-side financial comparison of AXIS CAPITAL HOLDINGS LTD (AXS) and VEON Ltd. (VEON). Click either name above to swap in a different company.
AXIS CAPITAL HOLDINGS LTD is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× VEON Ltd.). VEON Ltd. runs the higher net margin — 55.9% vs 15.5%, a 40.4% gap on every dollar of revenue. On growth, AXIS CAPITAL HOLDINGS LTD posted the faster year-over-year revenue change (8.0% vs 5.8%).
AXIS Capital Holdings Limited is the holding company for AXIS group of companies. It offers various risk transfer products and services through subsidiaries and branch networks in Bermuda, the United States, Canada, Europe and Singapore. The company offers insurance services including property, professional lines, terrorism, marine, energy, environmental and other insurance. The reinsurance services include property, professional lines, credit and bond, and others.
VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...
AXS vs VEON — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.1B |
| Net Profit | $254.8M | $608.0M |
| Gross Margin | — | — |
| Operating Margin | 15.6% | 75.4% |
| Net Margin | 15.5% | 55.9% |
| Revenue YoY | 8.0% | 5.8% |
| Net Profit YoY | 31.3% | 583.1% |
| EPS (diluted) | — | $0.34 |
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 | $1.6B | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | $1.0B |
| Q1 26 | $254.8M | — | ||
| Q4 25 | $289.6M | — | ||
| Q3 25 | $301.9M | — | ||
| Q2 25 | $223.4M | $608.0M | ||
| Q1 25 | $194.1M | — | ||
| Q4 24 | $293.6M | — | ||
| Q3 24 | $180.7M | — | ||
| Q2 24 | $212.0M | $89.0M |
| Q1 26 | 15.6% | — | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 17.2% | 75.4% | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 14.2% | — | ||
| Q2 24 | 17.4% | 27.1% |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 16.7% | — | ||
| Q3 25 | 18.0% | — | ||
| Q2 25 | 13.7% | 55.9% | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | 14.6% | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | $3.63 | — | ||
| Q3 25 | $3.74 | — | ||
| Q2 25 | $2.72 | $0.34 | ||
| Q1 25 | $2.26 | — | ||
| Q4 24 | $3.38 | — | ||
| Q3 24 | $2.04 | — | ||
| Q2 24 | $2.40 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $862.5M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $1.5B |
| Total Assets | $35.6B | $8.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $862.5M | — | ||
| Q4 25 | $820.3M | — | ||
| Q3 25 | $825.9M | — | ||
| Q2 25 | $852.1M | $1.3B | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $981.0M | — | ||
| Q2 24 | $1.1B | $862.0M |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.1B | — | ||
| Q2 24 | $5.7B | $1.1B |
| Q1 26 | $35.6B | — | ||
| Q4 25 | $34.5B | — | ||
| Q3 25 | $34.3B | — | ||
| Q2 25 | $34.2B | $8.5B | ||
| Q1 25 | $33.2B | — | ||
| Q4 24 | $32.5B | — | ||
| Q3 24 | $32.7B | — | ||
| Q2 24 | $32.1B | $7.3B |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
