French multinational insurance and asset management company providing life, health, property, and casualty insurance across 51 countries.
Profile & Fundamentals
AXA: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
AXA Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
Explore this pageJump to a Profile & Fundamentals section
Explore this research
Profile & Fundamentals contents
Jump directly to any section
Company and Market Context
Company Profile & Ownership
AXA SA, through its subsidiaries, provides insurance, asset management, and banking services worldwide. The company operates through France, Europe, AXA XL, Asia, Africa & EME-LATAM, and Transversal & Other segments. It offers life and savings insurance and property and casualty insurance products. The company also provides protection and retirement products for individual and professional customers; reinsurance coverages; property, primary and excess casualty, excess and surplus lines, environmental liability, professional liability, construction, marine, energy, aviation and satellite, fine art and specie, livestock and aquaculture, accident and health, and crisis management. In addition, it offers reinsurance solutions with casualty, property risk, property catastrophe, specialty, and other reinsurance; proportional and non-proportional, and facultative reinsurance; risk management solutions and consulting services; integrated ecosystem between healthcare solutions and the insurance coverage, which includes onsite services in clinics, remote teleconsultation and digital services, and home services; travel insurance and assistance services, as well as AXA Multilink platform, a B2B2C platform; Sophia, the customer facing GenAI chatbot; and EMMA, a digital assistant. Further, the company offers motor, household, property and general liability, banking, savings, health, term life, whole life, universal life, endowment, deferred and immediate annuities, and other investment-based products for retail/individual and commercial/group customers. AXA SA was founded in 1852 and is headquartered in Paris, France.
Company profile record
AXA SA
Common Stock · Financials · Multi-line Insurance
Company
- Company / asset
- AXA SA
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Multi-line Insurance
- HQ
- 🇫🇷 France
- Head office
- 25, Avenue Matignon, Paris, France, 75008
Leadership & scale
- Chief executive
- Dr. Thomas Buberl Ph.D.
- CEO year born
- 1973
- Full-time employees
- 107.8K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- EUR 87.1B
- P/E
- 4.9x
- Revenue (Q2 26)
- EUR 59.6B
- Profit (Q2 26)
- EUR 4.2B
- Dividend Yield
- 4.1%
- Revenue (FY 25)
- EUR 109.2B
- Shares in public float
- 1.6B
- Insider ownership
- 20.61%
Reporting & identifiers
- Symbol
- CS.PAR
- Listing
- 🇫🇷 France | Dividend Tax: 25%
- Ticker Currency
- EUR
- Income Statement Currency
- EUR
- Balance Sheet Currency
- EUR
- Cash Flow Currency
- EUR
- EPS Currency
- EUR
- Contract Type
- SPOT
- ISIN
- FR0000120628
- Asset ID
- equity_347a1ada-c576-5fdd-b126-9ab8d8857834
Ownership
Shares Outstanding
Latest: 2.0B | Max: 2.5B | Min: 2.0B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
78.16%
1.6B latest reported shares
Insider Ownership
20.61%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 2,492,372,800 |
| 2018-01-01 | 2,186,666,600 |
| 2019-01-01 | 2,396,855,100 |
| 2020-01-01 | 2,388,627,500 |
| 2021-01-01 | 2,385,567,000 |
| 2022-01-01 | 2,332,727,300 |
| 2023-01-01 | 2,227,769,900 |
| 2024-01-01 | 2,179,200,000 |
| 2025-01-01 | 2,027,811,000 |
| 2026-01-01 | 2,037,000,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
AXA's operating earnings show steady, high-quality growth driven by disciplined insurance underwriting and higher investment yields. In 2025, underlying earnings expanded to 8.4 billion euros, while first-half 2026 delivered an 8% increase in underlying earnings per share to 2.19 euros. Headline net income of 9.80 billion euros in 2025 was boosted by a one-off 2.2-billion-euro gain from selling AXA Investment Managers for 5.1 billion euros, which retail investors should not confuse with recurring profit. Looking past divestment gains reveals a cleaner, more predictable earnings engine. Operating cash flows remain robust, funding regular dividends and share buybacks while underlying businesses compound at 7% to 9% annually.
AXA's operating earnings show steady, high-quality growth driven by disciplined insurance underwriting and higher investment yields. In 2025, underlying earnings expanded to 8.4 billion euros, while first-half 2026 delivered an 8% increase in underlying earnings per share to 2.19 euros. Headline net income of 9.80 billion euros in 2025 was boosted by a one-off 2.2-billion-euro gain from selling AXA Investment Managers for 5.1 billion euros, which retail investors should not confuse with recurring profit. Looking past divestment gains reveals a cleaner, more predictable earnings engine. Operating cash flows remain robust, funding regular dividends and share buybacks while underlying businesses compound at 7% to 9% annually.
Revenue, Net Income, and Free Cash Flow
Latest: EUR 109.2B | Max: EUR 125.0B | Min: EUR 2.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 5x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins have stabilized at healthy levels, with the Property and Casualty combined ratio holding firm near 90.1% in the first half of 2026. Premium rate adjustments in retail motor and home lines have successfully kept pace with inflation in spare parts and medical care costs. Simultaneously, Life and Health profitability expanded by 11%, supported by strong corporate employee protection demand. With maturing bond investments reinvesting at higher interest rates, AXA generates an underlying return on equity between 15% and 17%, decoupling profitability from volatile financial market swings.
Profitability margins have stabilized at healthy levels, with the Property and Casualty combined ratio holding firm near 90.1% in the first half of 2026. Premium rate adjustments in retail motor and home lines have successfully kept pace with inflation in spare parts and medical care costs. Simultaneously, Life and Health profitability expanded by 11%, supported by strong corporate employee protection demand. With maturing bond investments reinvesting at higher interest rates, AXA generates an underlying return on equity between 15% and 17%, decoupling profitability from volatile financial market swings.
Profitability Margins
Latest: 28.7% | Max: 40.3% | Min: 1.3%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
28.7%
Gross profit / revenue
Operating Margin
9.2%
Operating income / revenue
Net Margin
9.0%
Net income / revenue
FCF Margin
19.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 126,481,320,000 | 6,663,160,000 | 13,851,020,000 |
| 2017-12-31 | 133,985,670,000 | 7,388,710,000 | 19,197,080,000 |
| 2018-12-31 | 133,494,000,000 | 2,439,600,000 | 8,176,080,000 |
| 2019-12-31 | 139,959,680,000 | 4,318,720,000 | 9,406,880,000 |
| 2020-12-31 | 124,082,540,000 | 3,860,080,000 | 30,676,900,000 |
| 2021-12-31 | 139,274,940,000 | 8,315,160,000 | 7,040,640,000 |
| 2022-12-31 | 110,959,000,000 | 7,142,250,000 | 8,054,960,000 |
| 2023-12-31 | 110,198,000,000 | 7,907,900,000 | 5,677,100,000 |
| 2024-12-31 | 112,180,640,000 | 8,201,440,000 | 11,534,640,000 |
| 2025-12-31 | 127,797,930,000 | 11,462,490,000 | 24,634,350,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 4.7 | Trailing four quarters |
| 2024-12-31 | 4.96 | Trailing four quarters |
| 2023-12-31 | 6.43 | Trailing four quarters |
| 2022-12-31 | 9.1 | Annual net income |
| 2021-12-31 | 8.56 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 23.98 | 7.6 | 5.27 | 10.95 |
| 2017-12-31 | 12 | 6.83 | 5.51 | 14.33 |
| 2018-12-31 | 40.33 | 1.31 | 1.83 | 6.12 |
| 2019-12-31 | 24.43 | 4.5 | 3.09 | 6.72 |
| 2020-12-31 | 27.39 | 4.79 | 3.11 | 24.72 |
| 2021-12-31 | 8.35 | 7.79 | 5.97 | 5.06 |
| 2022-12-31 | 20.23 | 9 | 6.44 | 7.26 |
| 2023-12-31 | 28.45 | 8.42 | 7.18 | 5.15 |
| 2024-12-31 | 31.61 | 9.25 | 7.31 | 10.28 |
| 2025-12-31 | 28.72 | 9.15 | 8.97 | 19.28 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-17.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
Complete Research Workspace
Unlock the complete Profile & Fundamentals
Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.