I had the same experience. Actually the hit point seems to move around. I was inside the school in Electro, and tried to hit a zombie, but the fire axe was actually contacting the ceiling. It took me a few strikes to notice I had to aim at the floor to kill the zed. Other times I tested the fire axe against a wall, and it was hitting to the right of the target dot. This was after having difficulty killing another zombie with it. The splitting axe seems to work just fine, and I am forced to use it almost exclusively for a melee weapon.

Confirmed with the splitting axe in combat stance. I suggest you try attacking when in the non-combat stance.

This has been reported previously - make sure to search before opening new issues.

Closing as duplicate of #0000148: When the axe is raised the hitbox is to the side.

Please vote up the original issue to increase visibility, and add any extra information in the notes section.

Thanks