AppLovin Corporation
APP Communication Services Advertising Agencies
In the quarter to June 2026, revenue grew 52.8%, EPS grew 55.8%, free cash flow grew 12.5% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; operating cash flow growth for five consecutive years.
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AppLovin Corporation (APP) Free cash flow margin
AppLovin Corporation's free cash flow margin over the twelve months to 30 June 2026 was 66.3%, down 5.6 percentage points from fiscal 2025 (71.9%). Over the past ten years it has ranged from −31.7% (fiscal 2022) to 71.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Advertising Agencies industry median of 0.00% and above the Communication Services sector median of 0.63%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 71.9% | 7.76 |
| FY2024 | 64.2% | 9.80 |
| FY2023 | 54.4% | 86.06 |
| FY2022 | −31.7% | (45.32) |
| FY2022 | 13.6% | 0.30 |
| FY2021 | 13.3% | 0.38 |
| FY2021 | 13.0% | (2.18) |
| FY2020 | 15.1% | (0.22) |
| FY2020 | 15.4% | (4.27) |
| FY2019 | 19.6% | (0.34) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| APP AppLovin Corporation | 66.3% |
| TTD The Trade Desk compare | 28.9% |
| MGNI Magnite, Inc. compare | 27.0% |
| ZD Ziff Davis, Inc. compare | 22.0% |
| DV DoubleVerify Holdings, Inc. compare | 20.9% |
| OMC Omnicom Group Inc. compare | 10.7% |
| QNST QuinStreet, Inc. compare | 9.04% |
| STGW Stagwell Inc. compare | 5.00% |
| WPP WPP PLC compare | 0.00% |
| Advertising Agencies industry median | 0.00% |
| Communication Services sector median | 0.63% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on APP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement