stockrowAppLovin Corporation
APP Communication Services Advertising Agencies
AppLovin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 70.0% from fiscal 2024.
- Revenue
- +52.8%
- EPS
- +55.8%
- Free cash flow
- +12.5%
- Total debt
- +0.12%
Quarter to June 2026, against a year earlier
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AppLovin Corporation (APP) Gross margin
AppLovin Corporation's gross margin over the twelve months to 30 June 2026 was 88.5%, up 0.6 percentage points from fiscal 2025 (87.9%). Over the past ten years it has ranged from 55.4% (fiscal 2022) to 87.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Advertising Agencies industry median of 44.7% and above the Communication Services sector median of 51.3%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 87.9% | 4.01 |
| FY2024 | 83.9% | 3.21 |
| FY2023 | 80.6% | 25.23 |
| FY2022 | 55.4% | (0.88) |
| FY2022 | 56.3% | (8.33) |
| FY2021 | 64.6% | 0.82 |
| FY2021 | 63.8% | 2.09 |
| FY2020 | 61.7% | 0.79 |
| FY2020 | 60.9% | (14.81) |
| FY2019 | 75.7% | 0.78 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 88.3% | (0.69) |
| Mar 2026 | 89.0% | 0.02 |
| Dec 2025 | 88.9% | 1.37 |
| Sep 2025 | 87.6% | (0.12) |
| 23 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ZD Ziff Davis, Inc. compare | 92.3% |
| APP AppLovin Corporation | 88.5% |
| DV DoubleVerify Holdings, Inc. compare | 82.2% |
| TTD The Trade Desk compare | 76.9% |
| MGNI Magnite, Inc. compare | 66.6% |
| STGW Stagwell Inc. compare | 36.0% |
| WPP WPP PLC compare | 17.2% |
| OMC Omnicom Group Inc. compare | 12.6% |
| LFTO Liftoff Mobile, Inc compare | — |
| Advertising Agencies industry median | 44.7% |
| Communication Services sector median | 51.3% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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