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Naxos comprises numerous companies, divisions, imprints and labels specializing in classical music but also audiobooks and other genres. The premier label is Naxos Records which focuses on classical music. Naxos Musical Group encompasses about 17 labels including Naxos Records, Naxos Audiobooks and Naxos Books (ebooks). There are about an additional 50 labels that are independent of the Naxos Musical Group with a wide range of offerings. The company was founded in 1987 by Klaus Heymann, a German-born resident of Hong Kong.

In 2003 it began a paid subscription service for listening on the Internet that offers its complete catalogue and the Naxos Music Library. As of 2019, subscribers had access to 2,225,190 tracks on its 145,755 discs, though these numbers were increasing by nearly 100 new discs a day. In 2015 it launched a high-definition download and streaming service, ClassicsOnline HD•LL, with a catalogue drawn from a number of classical record labels. Naxos generally avoids repertoire duplication. Because of that, its classical repertoire has broadened to include fringe works, such as the symphonies of Nikolai Myaskovsky, contemporary classical music, and the works of lesser-known composers, such as Alexander Glazunov and Louis Spohr. It has produced a series of little-recorded works, such as the American Classics series, Canadian Classics series, Japanese classical music, Jewish-American music, wind band music, film music, and early music, many of which are première recordings. .

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