AXA SA (AXAA) — Tangible Net Worth Ratio
AXA SA (AXAA) has a Tangible Net Worth Ratio of 91.1% as of December 2025. This metric is calculated by deducting intangible assets (€4.41 Billion) from net assets (€49.56 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See AXAA total equity for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
AXA SA Tangible Net Worth Ratio (2014–2025)
This chart shows how AXA SA's Tangible Net Worth Ratio has changed across 12 annual periods from 2014 to 2025. As of December 2025, the ratio stands at 91.1%, reflecting net assets of €49.56 Billion with intangible assets of €4.41 Billion EUR. Also explore AXA SA (AXAA) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for AXA SA (2014–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for AXA SA from 2014 to 2025, covering 12 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see AXA SA market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 91.1% | €49.56 Billion | €4.41 Billion | €635.54 Billion | ▼ -0.5 pp |
| 2024 | 91.6% | €52.48 Billion | €4.42 Billion | €653.76 Billion | ▲ +0.4 pp |
| 2023 | 91.2% | €52.40 Billion | €4.63 Billion | €644.38 Billion | ▲ +2.3 pp |
| 2022 | 88.9% | €48.38 Billion | €5.39 Billion | €696.70 Billion | ▼ -4.2 pp |
| 2021 | 93.1% | €75.23 Billion | €5.21 Billion | €775.49 Billion | ▲ +0.5 pp |
| 2020 | 92.5% | €76.17 Billion | €5.68 Billion | €804.59 Billion | ▲ +0.9 pp |
| 2019 | 91.6% | €74.63 Billion | €6.25 Billion | €780.88 Billion | ▲ +0.4 pp |
| 2018 | 91.2% | €73.25 Billion | €6.44 Billion | €930.70 Billion | ▼ -2.1 pp |
| 2017 | 93.3% | €75.27 Billion | €5.06 Billion | €870.13 Billion | ▲ +0.5 pp |
| 2016 | 92.8% | €75.88 Billion | €5.48 Billion | €892.78 Billion | ▲ +28.5 pp |
| 2015 | 64.3% | €83.17 Billion | €29.67 Billion | €887.07 Billion | ▼ -1.7 pp |
| 2014 | 66.1% | €78.28 Billion | €26.57 Billion | €840.07 Billion | — |