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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: +55.5%
EPS: +74.6%
Free cash flow: +12.5%
Total debt: +0.12%

Quarter to September 2026, against a year earlier

385.72 29.62 +8.32%

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Market cap: $90.9B
P/E: 25.9×
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/S ratio

Alert me on P/S ratio

As of 6 November 2026, AppLovin Corporation (APP) trades at a P/S ratio of 16.9×. Over the past ten years it has ranged from 1.2× (December 2022) to 62.3× (September 2025); the current reading is higher than 69% of that period. That is above the Advertising Agencies industry median of 0.7× and above the Communication Services sector median of 0.9×.

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

Period	P/S ratio	Change
FY2025	41.7×	23.08%
FY2024	33.8×	714.01%
FY2023	4.2×	193.74%
FY2022	1.4×	(87.11%)
FY2022	11.0×	0.13%
FY2021	11.0×	35.68%
FY2021	8.1×	0.00%
FY2020	8.1×	0.00%
FY2020	8.1×	0.00%
FY2019	8.1×	0.00%

Period	P/S ratio	Change
Sep 2026	12.7×	(49.74%)
Jun 2026	25.3×	16.30%
Mar 2026	21.8×	(47.70%)
Dec 2025	41.7×	(23.93%)
24 more quarters	Free account

Against its own ten years

Low 1.2× High 62.3×

Ten-year median 8.8×

Current reading's percentile 69

Company	P/S ratio
WPP WPP PLC compare	n/m
LFTO Liftoff Mobile, Inc compare	n/m
STGW Stagwell Inc. compare	0.9×
OMC Omnicom Group Inc. compare	1.0×
ZD Ziff Davis, Inc. compare	1.3×
TTD The Trade Desk compare	2.0×
DV DoubleVerify Holdings, Inc. compare	2.7×
MGNI Magnite, Inc. compare	5.1×
APP AppLovin Corporation	16.9×
Advertising Agencies industry median	0.7×
Communication Services sector median	0.9×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

AppLovin Corporation (APP) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on APP

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on APP

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