Pay vs Performance Disclosure



Year	Summary Compensation Table Total for PEO(1)		Compensation Actually Paid to PEO(1)(2)		Average Summary Compensation Table Total for Non-PEO NEO(1)		Average Compensation Actually Paid to Non-PEO NEOs(1),(3)		Value of Initial Fixed $100 Investment Based on:	Net Income (In Thousands)	Return on Average Common Equity
									Axos Total Shareholder Return(4)						Peer Group Total Shareholder Return(4)

2024	$	13,861,409	$	28,823,246	$	1,415,002	$	2,005,992	258.83			147.89	$	450,008	21.64	%
2023	10,605,532		5,859,824		1,308,698		1,469,939		178.62			123.55	307,165		17.22	%
2022	13,734,823		24,909,780		1,489,318		979,109		162.36			149.73	240,716		15.61	%
2021	5,184,508		11,991,308		1,185,961		2,549,105		210.10			159.42	215,707		16.51	%

(1)NEOs included in the above table are compromised of the following individuals. In accordance with SEC rules, only the Company’s CEO, CFO and three highest-paid NEOs from the Summary Compensation Table are included.



Fiscal Year	PEO	Non-PEO NEOs

2024	Gregory Garrabrants	Thomas Constantine, Raymond Matsumoto, David Park, Derrick K. Walsh
2023	Gregory Garrabrants	Thomas Constantine, Raymond Matsumoto, David Park, Derrick K. Walsh
2022	Gregory Garrabrants	Thomas Constantine, Raymond Matsumoto, Andrew J. Micheletti, Brian Swanson, Derrick K. Walsh
2021	Gregory Garrabrants	Eshel Bar-Adon, Raymond Matsumoto, Andrew J. Micheletti, Brian Swanson

(2)The following summarizes the amounts deducted and added to the Summary Compensation Table Total for PEO to calculate CAP to PEO:


	Fiscal Year
	2024			2023			2022			2021
Amounts reported in the Summary Compensation Table as Stock Awards granted during the fiscal year which are based on grant date fair values	$	(9,433,632)		$	(5,225,526)		$	(8,792,836)		$	—
Fair value as of the end of the fiscal year of equity awards granted during the fiscal year which remain outstanding and unvested as of the end of the fiscal year	16,743,807		(a)	3,275,492		(b)	16,945,327		(c)	—
Change in fair value during the fiscal year of awards granted in prior years that remain outstanding and unvested as of the end of the fiscal year	2,117,903			858,642			—			2,917,200
Fair value as of the vesting date for awards that were granted and vested during the fiscal year	3,415,856			—			4,287,266			—
Change in fair value from the end of the prior fiscal year to the vesting date for awards granted in prior years that vested during the fiscal year	2,117,903			429,321			(1,264,800)			3,889,600
Fair value as of the end of the prior fiscal year of awards granted in prior years that did not meet the applicable vesting conditions during the fiscal year	—			(4,083,637)			—			—
Net difference between Summary Compensation Table Total for PEO and CAP to PEO	$	14,961,837		$	(4,745,708)		$	11,174,957		$	6,806,800

(a)Includes RSUs related to awards made to Mr. Garrabrants on January 1, 2024 to be issued, if at all, in September 2025 based on the Company’s performance in connection with the renewal of his employment agreement. See “Impact of One-Year Renewal on CEO RSU Award Grant Date” and footnote 5 to the Summary Compensation Table for additional information regarding the fiscal year 2024 estimated award. Amount also includes 179,308 RSUs granted on September 14, 2023 which remain unvested as of June 30, 2024.

(b)Reflects an aggregated estimated RSU award totaling 83,050 RSUs, related to awards made to Mr. Garrabrants on January 1, 2023 which were issued in September 2024 based on the Company’s performance in connection with the renewal of his employment agreement. See “Impact of One-Year Renewal on CEO RSU Award Grant Date” and footnote 5 to the Summary Compensation Table for additional information regarding the fiscal year 2023 estimated award.

(c)Includes $4,083,637 reflecting an aggregated estimated RSU award totaling 113,909 RSUs, related to awards made to Mr. Garrabrants on January 1, 2022 based on the Company’s performance in connection with the renewal of his employment agreement. See footnote 5 to the Summary Compensation Table for additional information regarding the fiscal year 2022 award.


	Fiscal Year
	2024		2023		2022		2021
Amounts reported in the Summary Compensation Table as Stock Awards granted during the fiscal year which are based on grant date fair values	$	(508,040)	$	(461,723)	$	(749,258)	$	(510,473)
Fair value as of the end of the fiscal year of equity awards granted during the fiscal year which remain outstanding and unvested as of the end of the fiscal year	634,979		488,573		559,274		801,457
Change in fair value during the fiscal year of awards granted in prior years that remain outstanding and unvested as of the end of the fiscal year	406,560		81,648		(340,008)		897,969

Change in fair value from the end of the prior fiscal year to the vesting date for awards granted in prior years that vested during the fiscal year	57,491		52,743		19,783		174,191
Net difference between Average Summary Compensation Table Total for Non-PEO NEOs and Average CAP to Non-PEO NEOs	$	590,990	$	161,241	$	(510,209)	$	1,363,144

PEO CAP

Average CAP for Non-PEO NEO

Company Shareholder Returns

Peer Group Shareholder Returns

Compensation Actually Paid versus Net Income

PEO CAP

Average CAP for Non-PEO NEO

Net Income

PEO CAP

Average CAP for Non-PEO NEO

Average Common Equity

PEO CAP

Average CAP for Non-PEO NEO

Company Shareholder Returns

Peer Group Shareholder Returns

Axos total shareholder return and peer group total shareholder return are impacted by external factors related to broader equity markets. PEO CAP and Average CAP for Non-PEO NEO include significant equity components and are calculated using the fiscal year-end share prices, which inherently are impacted by external factors related to broader equity markets.

The Company’s net income has increased in each of the past four fiscal years reflecting the successful leadership of the PEO and the Non-PEO NEOs; however, net income is dependent on a variety of factors, some of which are not directly linked to how compensation actually paid to the Company’s executive officers is determined for purposes of this disclosure, including the share price of the Company’s common stock during the applicable fiscal year.

The Company’s return on average common equity has ranged from 15.61% to 21.64% over the past four fiscal years. Return on average common equity is dependent on a variety of factors, some of which are not directly linked to how compensation actually paid to the Company’s executive officers is determined for purposes of this disclosure, including the share price of the Company’s common stock during the applicable fiscal year.



Net income			Total return to stockholders
Return on average common equity			Market capitalization
Average common equity



Overall and relative performance of the Named Executive Officer
Corporate performance, including return on average common equity
Peer bank Named Executive Officer compensation levels
Business unit performance