• Axon Enterprise average return on tangible equity for 2024 was 20.5, a 94.31% increase from 2023.
• Axon Enterprise average return on tangible equity for 2023 was 10.55, a 6.46% increase from 2022.
• Axon Enterprise average return on tangible equity for 2022 was 9.91, a 288.05% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.