Abstract Individuals vary in their propensity to engage in aggressive behaviors, and recent research has sought to identify individual differences that contribute to a person’s propensity for physical aggression. Previous research has shown that impulsivity and aggression have a consistent relational pattern among many different samples. However, not all impulsive people will engage in aggressive behavior, perhaps because of other factors such as level of physiological arousal from anxiety. Specifically, one factor, namely physiological symptoms of anxiety such as those often associated with panic, may help as a predictor variable to be used in risk assessments or subclassification systems of aggression. Participants included 689 college students who completed self-report questionnaires assessing impulsivity, physical aggression, and anxiety. Multivariate hierarchical regression analyses were conducted. Greater scores on the measure of impulsivity were associated with higher levels of reported physical aggression. The interaction (impulsivity X anxiety) was not statistically significant, suggesting that impulsivity has the same effect on physical aggression regardless of the level of anxiety. There was a main effect for anxiety, which was associated with higher levels of reported physical aggression. Our findings may help inform typologies for identifying predictor variables used in risk assessment and treatment planning.