AXIS Capital Holdings Limited

AXSNYSEFinancial Services● Active

$96.42

$-2.39(-2.42%)

Market Cap$7.1B

P/E Ratio—

52W High$110.34

52W Low$88.07

Avg Volume565K

Open$99.24

Beta0.52

Free Cash Flow Financials Revenue

AXIS Capital Holdings Limited (AXS) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AXS · free cash flow · updated Jun 8, 2026

Core FCF metrics

AXS · FCF · TTM · margin & CAGR

Free cash flow was −$40.9M for FY2025 (fiscal year ending 2025-12-31), down 102.2% year-over-year The FCF margin was -0.6%.

FY2025 Free Cash Flow−$40.9M▼ -102.2% YoY

Trailing 12M (TTM)$169.4MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-0.6%−$40.9M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AXS · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$40.9M(0M)−$40.9M▼ 102.2%-0.6%

FY2024$1.84B(0M)$1.84B▲ +46.9%30.6%

FY2023$1.26B(0M)$1.26B▲ +91.6%22.5%

FY2022$692.2M(37M)$655.4M▼ 39.1%12.3%

FY2021$1.11B(39M)$1.08B▲ +260.1%20.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AXS · P/FCF · FCF yield · FCF per share

AXIS Capital Holdings Limited (AXS) trades at a FCF yield of 2.38% and a price-to-free-cash-flow ratio of 44.4x. FCF per share stands at $2.17, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.38%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.17

TTM FCF ÷ Shares Outstanding

Price / FCF

x44.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x45.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AXS · cash flow statement · operating / investing / financing

For FY2025, AXIS Capital Holdings Limited generated −$40.9M in operating cash flow and spent 0M in capital expenditures, yielding −$40.9M in free cash flow.

Operating Activities

−$40.9M

Cash from core business operations

2025-12-31

Investing Activities

−$628.7M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.09B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$40.9M) − |CapEx| (0M) = FCF (−$40.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

AXS vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

AXIS Capital Holdings LimitedYOU

AXS

−$40.9M-102.2%-0.6%

Loss

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

AXIS Capital Holdings Limited (AXS) reported free cash flow of −$40.9M for FY2025 (fiscal year ending 2025-12-31), down 102.2% year-over-year. The FCF margin was -0.6%.

Based on available data, AXIS Capital Holdings Limited has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $1.84B in FY2024.

AXIS Capital Holdings Limited's FCF yield is 2.38% and price-to-FCF ratio is 44.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AXS free cash flow · 8 questions

AXIS Capital Holdings Limited free cash flow was −$40.9M for FY2025, down 102.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $169.4M.

AXS free cash flowAXS FCFAXS FCF 2025AXS free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · AXIS Capital Holdings Limited · AXIS Capital Holdings Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026