AXA SA
Financial Performance
AXA Revenue & Financials
Revenue
~$131.1B (FY2025)
Market Cap
$90.3B
Net Income
~$11.1B
Employees
156,000
What is AXA's revenue?
AXA had ~$131.1B in revenue for fiscal year 2025, up 5.2% from 2024. Net income was ~$11.1B.
- Latest revenue
- ~$131.1B (FY2025)
- Year-over-year
- +5.2%
- Growth rate (CAGR)
- 1.7% over 9 years
- Peak revenue
- ~$131.1B (FY2025)
- Years of data
- 10
- Employees
- 156,000
- How much profit does AXA make?
- AXA reported net income of ~$11.1B for fiscal year 2025. axa.com
- How many employees does AXA have?
- AXA has about 156,000 employees.
Financial Analysis
AXA's results combine large, slow-moving premium income with investment income on the reserves it holds. In 2025 gross written premiums and other revenues rose 6% to ~$131 billion (EUR 116 billion), underlying earnings rose 6% to ~$9.49 billion (EUR 8.4 billion), underlying earnings per share rose 8% to EUR 3.86 and net income rose to ~$11.1 billion (EUR 9.80 billion), helped by the gain on the sale of AXA Investment Managers. The property and casualty combined ratio improved 0.3 points to 90.6%, so underwriting itself was profitable before investment income. The Solvency II ratio ended 2025 at 224%, and 215% on January 1, 2026 once capital instruments under Solvency II transitional measures stopped qualifying. AXA proposed a dividend of EUR 2.32 per share for 2025, up 8%, alongside an annual buyback of up to $1.41 billion (EUR 1.25 billion). AXA S.A. is one of the world's largest multinational insurance firms, commanding a massive market valuation generally above $70 billion.
Revenue Trend Analysis
YoY Change
+5.2%
9-Year CAGR
+1.7%
Peak Year
2025
Trend
Consistent Growth
AXA SA has 10 full fiscal year figures on this page, compounding at +1.7% annually over 9 years. The most recent year saw a 5.2% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$131.1B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$131.1B | ~$11.1B | +5.2% | AXA Full Year 2025 Earnings press release Gross written premiums and other revenues at Euro 116 billion, up 6%. Underlying earnings Euro 8.4 billion, net income Euro 9.8 billion and a Solvency II ratio of 224%. |
| FY2024 | ~$124.6B | ~$8.9B | +7.4% | AXA Full Year 2024 Earnings press release Total gross written premiums and other revenues up 8% to Euro 110.3 billion. Underlying earnings Euro 8.1 billion and net income Euro 7.9 billion. |
| FY2023 | ~$116.1B | ~$8.1B | +0.7% | AXA Full Year 2023 Earnings, as reported by Insurance Business Total gross written premiums and other revenues up 3% to Euro 102.7 billion under IFRS 17. Net income up 45% to Euro 7.2 billion. |
| FY2022 | ~$115.3B | — | +2.1% | AXA Full Year 2022 Earnings press release Revenues up 2% to Euro 102 billion. Underlying earnings per share Euro 3.08 and a Solvency II ratio of 215%. |
| FY2021 | ~$112.9B | ~$8.2B | +3.0% | AXA Full Year 2021 Earnings, as reported by Reinsurance News Gross revenues up 6% to more than Euro 99.9 billion. Net income Euro 7.3 billion against Euro 3.2 billion in 2020. |
| FY2020 | ~$109.6B | — | -6.3% | AXA Full Year 2020 Earnings press release Gross revenues at Euro 97 billion, down 1% on a comparable basis, with Euro 1.5 billion of Covid-19 claims. Underlying earnings Euro 4.3 billion. |
| FY2019 | ~$117B | — | +0.6% | AXA Full Year 2019 Earnings, as reported by Reinsurance News Total revenues Euro 103.5 billion against Euro 102.9 billion in 2018. Underlying earnings Euro 6.5 billion. |
| FY2018 | ~$116.3B | — | +4.4% | AXA Full Year 2018 Earnings press release Gross revenues up 4% to Euro 102.9 billion under the then applicable IFRS 4 basis. Underlying earnings Euro 6.2 billion. |
| FY2017 | ~$111.4B | — | -1.5% | Wikidata total revenue statement, citing the linked document |
| FY2016 | ~$113B | — | — | AXA Full Year 2016 Earnings press release Revenues passed Euro 100 billion for the first time in the group's history. Underlying earnings Euro 5.7 billion and a Solvency II ratio of 197%. |
Click any row to see year details.
Keep researching AXA
AXA Revenue and Financial FAQ
What is AXA's annual revenue scale?
AXA reported gross written premiums and other revenues of ~$131 billion (EUR 116 billion) for 2025, up 6% on 2024, after ~$125 billion (EUR 110.3 billion) in 2024 and ~$116 billion (EUR 102.7 billion) in 2023.
What are AXA's underlying earnings?
Underlying earnings were ~$9.49 billion (EUR 8.4 billion) in 2025, up 6% and up 9% excluding AXA Investment Managers, and underlying earnings per share were EUR 3.86, up 8%.
What combined ratio does AXA achieve in property and casualty?
The all-year property and casualty combined ratio was 90.6% in 2025, an improvement of 0.3 points, helped by a lower current-year loss ratio excluding natural catastrophes and a lower expense ratio.
What is AXA's Solvency II ratio?
The Solvency II ratio was 224% at the end of 2025, 9 points higher than at the end of 2024, and 215% on January 1, 2026 once capital instruments under Solvency II transitional measures ceased to qualify as capital.
What is AXA's dividend and buyback policy?
AXA targets a total payout of up to 75% of underlying earnings, combining a regular dividend of 55% to 65% with buybacks. For 2025 it proposed a dividend of EUR 2.32 per share, up 8%, plus an annual buyback of up to $1.41 billion (EUR 1.25 billion).
What net income did AXA report for 2025?
Net income was ~$11.1 billion (EUR 9.80 billion) for 2025, helped by higher underlying earnings and the gain on the sale of AXA Investment Managers, against ~$8.93 billion (EUR 7.9 billion) in 2024.
How did the AXA Investment Managers sale affect capital?
The sale brought ~$5.76 billion (EUR 5.1 billion) of cash proceeds out of a ~$6.1 billion (EUR 5.4 billion) total transaction value. AXA ran a buyback of up to $4.29 billion (EUR 3.8 billion) between July 2025 and January 2026 to offset the earnings dilution.
How does AXA report its business by region?
AXA reports France, Europe, AXA XL, Asia, Africa and EME-LATAM, and transversal and central holdings as separate segments, with France and the rest of Europe the largest contributors to premiums.
Is AXA profitable?
Yes, AXA is massively profitable, successfully executing a major strategic shift away from volatile life insurance products to focus on highly stable commercial property and health lines.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "AXA Revenue & Financials." CorpDigest, https://corpdigest.com/company/axa/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>AXA reported ~$131.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/axa/financials" target="_blank" rel="noopener">CorpDigest — AXA financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore AXA
Core profile pages, founders and related research hubs for this company.