AppLovin 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

377.20 21.10 +5.93%
Market cap
$90.9B
P/E
27.3×
Fwd P/E
14.6×
Dividend yield
—
F-score
8/9
Altman Z
30.21
Beneish M
−2.41
Dividend safety
n/a

AppLovin Corporation (APP) Operating margin

Alert me on Operating margin

AppLovin Corporation's operating margin over the twelve months to 30 June 2026 was 77.4%, up 1.7 percentage points from fiscal 2025 (75.8%). Over the past ten years it has ranged from −4.28% (fiscal 2020) to 75.8% (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 0.94%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 75.8% 16.48
FY2024 59.3% 17.33
FY2023 41.9% 43.64
FY2022 −1.70% (14.98)
FY2022 13.3% 7.91
FY2021 5.37% (5.37)
FY2021 10.7% 15.02
FY2020 −4.28% (7.17)
FY2020 2.89% (16.66)
FY2019 19.6% (19.48)

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 77.7% (0.47)
Mar 2026 78.2% 1.23
Dec 2025 76.9% 0.12
Sep 2025 76.8% 0.72
23 more quarters

Against its own ten years

Low −4.28% High 75.8%
Ten-year median 13.3%
Current reading's percentile 96

Operating margin against peers

Company Operating margin
APP AppLovin Corporation 77.4%
TTD The Trade Desk compare 19.6%
MGNI Magnite, Inc. compare 18.5%
DV DoubleVerify Holdings, Inc. compare 13.3%
ZD Ziff Davis, Inc. compare 8.53%
OMC Omnicom Group Inc. compare 6.39%
STGW Stagwell Inc. compare 4.04%
WPP WPP PLC compare 0.00%
LFTO Liftoff Mobile, Inc compare —
Advertising Agencies industry median 0.00%
Communication Services sector median 0.94%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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