PerpEquities

Equity · Industrials

Axon Enterprise, Inc. (AXON) perpetual futures

AXON perpetual futures on 3 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade AXONUSDT.

Axon Enterprise makes TASER conducted energy devices and cloud software, including body cameras and digital evidence management, for law enforcement agencies worldwide.

$316.85-18.2%NASDAQ closed
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venue perp mark · MEXC (AXON/USDT)
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Trading data

Perpetual market activity

3/3 live markets
Venues
3
Live markets
3/3
24h volume
$134.4K
Open interest
$1.3M
Best liquidity
$399.6K
MEXC
Tightest spread
+3.2 bps
Bitget
Highest volume
$117.8K
MEXC
Settlement mix
USDT · 2/3
Perp/spot vol.
0.00x
Spot volume $1.7B
OI / float
+0.01%
Float $24.2B
Spot performance
1D-18.18%
5D-28.05%
1M-22.91%
6M-26.68%
YTD-44.89%
1Y-48.05%

Venue matrix

3 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeAXON/USDTTrading$316.850.0% APR
0.000% every 8h
+66.3 bps$399.6K$117.8K$1.2MUSDT20x
BitgetTradeAXON/USDTTrading$316.690.0% APR
0.000% every 8h
+3.2 bps$284.1K$16.5K$143.3KUSDT20x
ExtendedTradeAXON/USDTrading$316.11+4.4% APR
+0.00050% every 1h
+604.2 bps$0$0$1.6KUSD10x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 2 of 3 venues absorb $10k · Typical cost: +19.6 bps – +36.8 bps

Cheapest execution: Bitget · +11.0 bps

No fresh book data: Extended

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

AXON

Tightest spread

AXON

Highest volume

AXON

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-11-05 · Updated 31m ago
All financials →

Valuation & key figures

Market cap
$25.4B
Updated 31m ago
Revenue
$3.4B
Trailing 12 months
Revenue growth
+34%
Next fiscal year
Profit margin
+7.6%
P/E
97.5
Peer P/E 21.3
P/S
7.4
Peer P/E
21.3
Similar listed perps
Free cash flow
$80.9M
Trailing 12 months
Net income
$258.7M
Trailing 12 months
Revenue estimate
$3.7B
Next fiscal year
Earnings
2027-02-23
Revenue est. $1.1B · Updated 31m ago
Dividend
-
Revenue (TTM)$3.42B+33.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)3.7%+4.7 pp vs a year agoOperating income $128M
Net income (TTM)$259M+0.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$80.9M-44.2% vs a year agoCapex $145M
Diluted EPS (TTM)$3.12-1.3% vs a year agoSum of the last 4 quarters
Net cash-$1.33B-583.7% vs a year agoCash + short-term investments - debt
  • Last report (2026-11-05): revenue missed by 2.8%, EPS missed by 9.0%Revenue $909M vs $934M expected (-2.8%); EPS $1.72 vs $1.89 (-9.0%).
  • Revenue growth slowing: 27.8% year on yearQ3 '26 revenue $909M, against an average of 34.5% over the four quarters before.
  • Operating margin 3.7% (TTM), +4.7 pp on a year agoOperating income grew 620.5% while revenue grew 33.6%.
  • 59.6% of pre-tax profit is non-operatingPre-tax income $317M vs operating income $128M (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.

Revenue, operating income and growth

quarterly

Revenue by business line

latest quarter
LineRevenuey/yShare
Software And Sensors Segment$398M–44.0%
Taser X2$261M–28.9%
Axon Body$95.4M–10.5%
Platform Solutions$150M–16.6%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 301 lines Axon Enterprise, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2027-02-23
Revenue est. $1.1B · Updated 31m ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20267.68$3.7B+34%12
FY 202710.57$4.8B+73%12
FY 202813.80$6.2B+122%3
Q1 20272.20$1.1B+30%11
Q2 20272.54$1.2B+29%4
Q3 20272.71$1.2B+33%7

Company events

6
2027-02-23EarningsActual - / Estimate 2.25-
2026-11-05Earnings · After market closeActual 1.72 / Estimate 1.89Miss
2026-08-05EarningsActual 1.88 / Estimate 1.84Beat
2026-05-06EarningsActual 1.61 / Estimate 1.6Beat
2026-02-24EarningsActual 2.15 / Estimate 1.6Beat
2025-11-04EarningsActual 1.17 / Estimate 1.52Miss

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 2, 2026, 05:15 PM UTC

Company profile

Sector
Industrials
Industry
Aerospace & Defense
Chief executive
Patrick W. Smith
Employees
5,100
IPO date
Jun 7, 2001
Country
US
Exchange
NASDAQ Global Select
Website
Altman Z-scorei6.54
Piotroski scorei5/9
Overall ratingiC
Owner earningsi$30.55M$0.37 per share
ESG risk ratingiBIndustry rank: 78 out of 100

Rating factors

Return on equityi
2
Return on assetsi
2
Debt to equityi
3
Price to earningsi
1
Price to booki
1
Market cap history
$35.21B-23.9%Aug 26 – Nov 26
$30.79B$39.68B$48.56BHigh: $48.56B · 2026-08-17Low: $30.79B · 2026-10-19Latest: $35.21B · 2026-11-02Aug 26Sep 26Oct 26Nov 26
Latest: $35.21B · 2026-11-02High: $48.56B · 2026-08-17Low: $30.79B · 2026-10-19
Largest fund holders
FundWeightShares held
BILPX0.19%8.2M
FLHY0.41%5.1M
VTI0.04%2.5M
VOO0.05%2.1M
QQQ0.15%1.7M
VO0.32%1.7M
IVV0.05%1.1M
1657.T0.04%1.1M
XSP.TO0.05%1.1M
XWD.TO0.04%1.1M
FXAIX0.05%1M
VUG0.11%992.8K

Analyst track record

How the analysts covering AXON have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings101281
Analysts2124
Buy / hold / sell96 / 5 / 0263 / 18 / 0
Upgrades / downgrades / initiations1 / 0 / 13 / 2 / 8
Price targets hit / missed0 / 85 (0%)58 / 177 (25%)
Avg. return after a rating (TipRanks)-40.4%-22.5%
Best / worst call-3.7% / -55.4%+76.5% / -57.7%

After buy calls on this stock: median 21-day move +1.5% vs S&P 500 -0.8% (n = 266)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Tim LongBarclays94% hit rate on this stock · 16 targets measuredBuytarget $507Nov 6, 2026
  2. Trevor J. WalshCitizens JMP93% hit rate on this stock · 14 targets measuredBuytarget $700May 7, 2026
  3. William PowerRobert W. Baird83% hit rate on this stock · 24 targets measuredBuytarget $600Nov 6, 2026

Latest ratings

DateAnalystCallTarget
Nov 6, 2026Brian GesualeRaymond JamesBuyReiterated$475
Nov 6, 2026Brian GesualeRaymond JamesBuyReiterated$475
Nov 6, 2026Andrew SpinolaUBSHoldReiterated$380
Nov 6, 2026Joseph CardosoJ.P. MorganBuyMaintained$610
Nov 6, 2026David PaigeRBC CapitalBuyReiterated$615
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$400$500$600$700$800Dec 25 · Buy 18 · Hold 1 · Sell 0Dec 25Jan 26 · Buy 18 · Hold 1 · Sell 0Feb 26 · Buy 16 · Hold 1 · Sell 0Feb 26Mar 26 · Buy 14 · Hold 1 · Sell 0Apr 26 · Buy 14 · Hold 1 · Sell 0Apr 26May 26 · Buy 17 · Hold 1 · Sell 0Jun 26 · Buy 17 · Hold 1 · Sell 0Jun 26Jul 26 · Buy 16 · Hold 1 · Sell 0Aug 26 · Buy 17 · Hold 1 · Sell 0Aug 26Sep 26 · Buy 18 · Hold 1 · Sell 0Oct 26 · Buy 19 · Hold 1 · Sell 0Oct 26Nov 26 · Buy 19 · Hold 1 · Sell 0Dec 25 · avg. target $823Jan 26 · avg. target $818Feb 26 · avg. target $760Mar 26 · avg. target $738Apr 26 · avg. target $715May 26 · avg. target $667Jun 26 · avg. target $667Jul 26 · avg. target $665Aug 26 · avg. target $710Sep 26 · avg. target $704Oct 26 · avg. target $685Nov 26 · avg. target $685Dec 25 · month-end close $568Jan 26 · month-end close $484Feb 26 · month-end close $542Mar 26 · month-end close $425Apr 26 · month-end close $402May 26 · month-end close $449Jun 26 · month-end close $561Jul 26 · month-end close $528Aug 26 · month-end close $567Sep 26 · month-end close $423Oct 26 · month-end close $428Nov 26 · month-end close $428

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 7, 2026 · 101 ratings

Frequently asked questions

Where can I trade AXON perpetual futures?

Axon Enterprise, Inc. (AXON) perpetual futures trade on 3 crypto venues, including MEXC, Bitget, Extended. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade AXON around the clock?

Yes. Unlike the underlying stock, AXON perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on AXON perpetuals?

Right now the AXON perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to +4.4% across 3 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the AXON perp price compare to the Axon Enterprise, Inc. stock?

The venue-median AXON perp mark is $316.7 versus a reference stock price of $316.9, a basis of -0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a AXON perpetual future?

A AXON perpetual is a derivative that tracks the price of Axon Enterprise, Inc. with no expiry date. It lets you take long or short exposure to Axon Enterprise, Inc. on crypto venues, around the clock.

What is AXONUSDT perpetual?

AXONUSDT is the symbol most crypto exchanges use for the Axon Enterprise, Inc. perpetual settled in USDT (Tether). It tracks the AXON share price through an index, trades 24/7 with leverage and never expires.

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