AXA S.A.

AXAHY

Insurance - Diversified · Financial Services

Price

$51.02

+0.05 (+0.10%)

Market Cap

$104.88B

Exchange

Other OTC

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Exceptional

Cash Flow

Exceptional

Stability

Good

Valuation

Good

Dividends

Exceptional

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Share count falling — buybacks

−12.5% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 2.39B (2021) → 2.09B (2025)

Winston Score History

The full picture

AXA is a large French insurance and financial services company. It sells life insurance, health insurance, property and casualty insurance, and asset management services to individuals, businesses, and governments around the world. AXA is one of the largest insurance groups in the world by revenue, operating under the AXA brand across dozens of countries.

AXA makes money by collecting premiums from policyholders and earning fees from managing investments, then paying out claims and keeping the difference. The company operates across Europe, North America, Asia, and the Middle East, giving it broad geographic diversification. Its scale and brand recognition in mature insurance markets provide a degree of competitive stability, though the industry is highly regulated and sensitive to large catastrophic events like natural disasters. A key growth driver is expanding health insurance and protection products in fast-growing Asian markets, while rising climate-related claims remain a significant long-term risk to its property and casualty business.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+30.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+19.2% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

€0/ year

0.0% of revenue

Below sector average (7%)

Research and development spending

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

€482.0B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

AXA S.A. grew revenue 30% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

33.7%

Modest — 33.7% gross margin

Profit after running costs

Operating Margin

9.5%

Modest — 9.5% operating margin

Return on the money invested

ROCE

9.9%

Below par — 9.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+31.6%

Fast-growing sales (+31.6% YoY)

Profit growth

EPS YoY

+46.2%

Earnings growing fast (+46.2% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

148%

Turns 148% of profit into real cash

Spare cash per sale

FCF Margin

12.1%

Converts sales into free cash efficiently (12.1%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

1.59

Elevated debt (1.59)

Covers its interest

Interest Cover

14.05x

Comfortably covers interest (14.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

10.3x

Attractive valuation — P/E 10.3

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+0.5

GROWING

Earnings roughly flat

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Dividends

Dividend

Dividend Yield

5.17%

Healthy income — 5.17% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+58.6%

Dividend growing fast (58.6% YoY)

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