Axon Enterprise (AXON) Stock Price vs Operating Income
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Axon Enterprise's operating income declined from $155.7 million in Q1 2024 to $117.0 million in Q3 2024, a drop of 24.9 percent. Over the same period, the stock price rose from approximately $399.60 on 2024-09-30 to $473.27 on 2026-06-02, an increase of 18.4 percent. This divergence—declining operating income coupled with rising stock price—indicates significant valuation expansion. The correlation between operating income and stock price over the full 25-year window from 2001 to mid-2026 is -0.93, reflecting a strong inverse relationship where higher stock valuations have accompanied lower reported operating income in recent periods.
Trailing-12-month Operating Income was $117.0M as of 2024-09-30 (10-Q); the stock traded at $399.60. Not enough overlapping price and reporting history yet for a year-over-year comparison.
Latest close: 479.38 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2024-09-30 | 117.0M USD | Q3 10-Q |
| 2024-06-30 | 150.4M USD | Q2 10-Q |
| 2024-03-31 | 155.7M USD | Q1 10-Q |
| 2023-12-31 | 156.8M USD | FY 10-K/A |
Sources: autario.com/data/stock-axon-axon-enterprise-daily-prices · autario.com/data/axon-enterprise-operating-income-sec-filings | data verified and hosted on autario.com.