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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

356.46 84.71 +31.17%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

AppLovin Corporation (APP) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, AppLovin Corporation (APP) trades at a P/E ratio of 27.3×. Over the past ten years it has ranged from 0.0× (June 2023) to 1,341× (January 2022); the current reading is higher than 40% of that period. That is above the Advertising Agencies industry median of 21.7× and above the Communication Services sector median of 15.1×.

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<iframe src="https://stockrow.com/embed/APP/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="AppLovin Corporation P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/APP/metrics/pe-ratio">AppLovin Corporation (APP) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	68.4×	(1.14%)
FY2024	69.2×	85.56%
FY2023	37.3×	—
FY2022	0.0×	—
FY2022	1,341×	0.13%
FY2021	1,339×	—
FY2021	0.0×	—
FY2020	0.0×	—
FY2020	0.0×	—
FY2019	0.0×	—

Period	P/E ratio	Change
Jun 2026	39.4×	16.08%
Mar 2026	34.0×	(50.36%)
Dec 2025	68.4×	(20.41%)
Sep 2025	85.9×	76.28%
23 more quarters	Free account

Against its own ten years

Low 0.0× High 1,341×

Ten-year median 40.3×

Current reading's percentile 7

Company	P/E ratio
ZD Ziff Davis, Inc. compare	3.1×
TTD The Trade Desk compare	15.1×
WPP WPP PLC compare	20.8×
MGNI Magnite, Inc. compare	21.9×
APP AppLovin Corporation	27.3×
DV DoubleVerify Holdings, Inc. compare	33.9×
OMC Omnicom Group Inc. compare	48.0×
STGW Stagwell Inc. compare	271×
LFTO Liftoff Mobile, Inc compare	—
Advertising Agencies industry median	21.7×
Communication Services sector median	15.1×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

AppLovin Corporation (APP) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on APP

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on APP

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