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Axos Financial Executive Compensation (FY25)

AX · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): November 14, 2025
229 figures on this page: 220 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Total compensation for Gregory Garrabrants, President and Chief Executive Officer, came to $11,694,915 in fiscal 2025, and compared with the $13,861,409 reported for fiscal 2024, Garrabrants' total was 15.6% lower. For fiscal 2025, the company reported a chief executive pay ratio of 114:1, against median employee compensation of $102,287. The say-on-pay proposal drew 58.4% of votes cast including abstentions in favor at the meeting held November 13, 2025 for fiscal 2025. Companies named in the disclosed peer group include Banc of California, Bank of Hawaii Corporation, Bank OZK, Community Financial System and CVB Financial Corp, among others.
Chief executive, fiscal 2025
◇
Gregory Garrabrants
Latest say-on-pay support
=
November 13, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Gregory Garrabrants: $13,861,409 → $11,694,915 (15.6% lower)
Say-on-pay support: 60.5% → 58.4% (2.1 points lower)
CEO pay ratio: 145:1 → 114:1 (21.4% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Axos Financial's chief executive and what were they paid?
Total compensation for Gregory Garrabrants, President and Chief Executive Officer, came to $11,694,915 in fiscal 2025. Compared with the $13,861,409 reported for fiscal 2024, Garrabrants' total was 15.6% lower.
What was Axos Financial's say-on-pay result?
The say-on-pay proposal drew 58.4% of votes cast including abstentions in favor at the meeting held November 13, 2025 for fiscal 2025.
Which companies are in Axos Financial's peer group?
Companies named in the disclosed peer group include Banc of California, Bank of Hawaii Corporation, Bank OZK, Community Financial System and CVB Financial Corp, among others.
What is Axos Financial's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 114:1, against median employee compensation of $102,287.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Garrabrants
President and Chief Executive Officer
◇—◇—◇—◇◇
Raymond Matsumoto
Executive Vice President, Chief Operating Officer
◇◇◇———◇◇
Thomas Constantine
Executive Vice President, Chief Credit Officer
◇◇◇———◇◇
Derrick Walsh
Executive Vice President, Chief Financial Officer
◇◇◇———◇◇
David Park
Executive Vice President, Commercial Banking and Treasury Management
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Garrabrants
President and Chief Executive Officer
◇—◇—◇—◇◇
Raymond Matsumoto
Executive Vice President, Chief Operating Officer
◇◇◇———◇◇
David Park
Executive Vice President, Commercial Banking and Treasury Management
◇◇◇———◇◇
Derrick Walsh
Executive Vice President, Chief Financial Officer
◇◇◇———◇◇
Thomas Constantine
Executive Vice President, Chief Credit Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Garrabrants
President and Chief Executive Officer
◇—◇—◇—◇◇
David Park
President, Head of Commercial Bank
◇◇◇———◇◇
Brian Swanson
President, Head of Consumer Bank
◇◇◇———◇◇
John Tolla
Executive Vice President, Chief Risk Officer
◇◇◇———◇◇
Derrick Walsh
Executive Vice President, Chief Financial Officer
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brian SwansonRSU◇——◇——◇
Brian SwansonRSU◇——◇——◇
David ParkRSU◇——◇——◇
David ParkRSU◇——◇——◇
Derrick K. WalshRSU◇——◇——◇
Derrick K. WalshRSU◇——◇——◇
Gregory GarrabrantsRSU◇——◇——◇
John TollaRSU◇——◇——◇
John TollaRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Derrick WalshRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Brian SwansonRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
David ParkRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John TollaRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Gregory GarrabrantsRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Paul J. Grinberg
Board chair
◇◇————◇
Nicholas A. Mosich
◇◇————◇
James J. Court
◇◇————◇
Uzair Dada
◇◇————◇
Stefani D. Carter
◇◇————◇
Sara Wardell-Smith
◇◇————◇
James S. Argalas
◇◇————◇
Tamara N. Bohlig
◇◇————◇
Roque A. Santi
◇◇————◇
Edward J. Ratinoff
◇◇————◇
Gregory Garrabrants served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer ($220,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Banc of California BANC
  • Bank of Hawaii Corporation BOH
  • Bank OZK OZK
  • Community Financial System CBU
  • CVB Financial Corp CVBF
  • Eagle Bancorp EGBN
  • First Financial Bankshares FFIN
  • First Hawaiian FHB
  • Green Dot GDOT
  • Hilltop Holdings HTH
  • Independent Bank INDB
  • New York Community FLG
  • Pacific Premier Bank OPB
  • TFS Financial TFSL
  • Trustmark TRMK
  • United Community Banks UCB
  • Western Alliance Bancorporation WAL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025November 13, 2025=◇◇◇
2024November 14, 2024=◇◇◇
2023November 9, 2023=◇◇◇
2022November 10, 2022=◇◇◇
2021October 21, 2021=◇◇◇
2020October 22, 2020=◇◇◇
2019October 24, 2019=◇◇◇
2018October 25, 2018=◇◇◇
2017October 26, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Axos Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Axos Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Say-on-pay responsiveness
Axos Financial recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Whether Axos Financial's disclosed peer group is defensible, who names Axos Financial back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
229 figures on this page: 220 cited to the filing that reported them, 9 calculated from figures it prints.
220 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001299709-25-000191
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001299709-25-000174
    ADVISORY VOTE ON EXECUTIVE COMPENSATION · CEO Pay Ratio · Fiscal Year 2025 Non-Employee Director Compensation · Non-Employee Director Compensation · and 2 more sections
  3. 0001299709-24-000231
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001299709-24-000193
    Summary Compensation Table
  5. 0001299709-23-000303
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001299709-23-000261
    Summary Compensation Table
  7. 0001299709-22-000283
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001299709-21-000263
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001299709-20-000248
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001299709-19-000176
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001299709-18-000131
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001299709-17-000106
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Axos Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/AX (accessed 2026).
Short form: data: Velarion
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Axos Financial discloses

The companies named in AX's own disclosed peer group.

Banc of CaliforniaBank of Hawaii CorporationBank OZKCommunity Financial SystemCVB Financial CorpEagle BancorpFirst Financial BanksharesFirst HawaiianGreen DotHilltop HoldingsIndependent BankNew York CommunityTFS FinancialTrustmarkUnited Community BanksWestern Alliance Bancorporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy