Axos Financial, Inc.
For the period ended Jun 30, 2025. Filed Aug 21, 2025.
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FY2025 · Filed Aug 21, 2025
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20. Employee Benefit Plan
- EMPLOYEE BENEFIT PLAN
The Company hasone 401(k) plan whereby substantially all of its employees may participate in the plan. Employees may contribute up to 100% of their compensation subject to certain limits based on federal tax laws. The Company provides an employer matching contribution to the 401(k) plan based on an employee’s designated deferral of their eligible compensation. For the fiscal years ended June 30, 2025, 2024, and 2023, expenses attributable to the plan amounted to $6.5 million, $4.5 million, and $3.5 million, respectively. These expenses are included in “Salaries and related costs” in the Consolidated Statements of Income. The contribution made during the fiscal year ended June 30, 2025, was 57,947 shares with a fair market value of $4.0 million and is reflected in “Stock-based compensation activity” in the Consolidated Statements of Stockholders’ Equity.
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