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Saturday 17 October 2026 Export APP’s income statement to Excel — free account

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.

266.13 13.16 −4.71%
Market cap
$93.5B
P/E
20.4×
Fwd P/E
34.6×
Dividend yield
—
F-score
8/9
Altman Z
30.21
Beneish M
−2.41
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

AppLovin Corporation (APP) P/S ratio

Alert me on P/S ratio

As of 16 October 2026, AppLovin Corporation (APP) trades at a P/S ratio of 13.1×. Over the past ten years it has ranged from 1.2× (December 2022) to 63.9× (December 2024); the current reading is higher than 56% of that period. That is above the Advertising Agencies industry median of 0.7× and above the Communication Services sector median of 0.8×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 41.7× 23.08%
FY2024 33.8× 356.65%
FY2023 7.4× 423.61%
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%

Quarterly newest first

Period P/S ratio Change
Jun 2026 25.3× 16.30%
Mar 2026 21.8× (47.70%)
Dec 2025 41.7× (23.93%)
Sep 2025 54.8× 78.88%
23 more quarters

Against its own ten years

Low 1.2× High 63.9×
Ten-year median 11.8×
Current reading's percentile 56

P/S ratio against peers

Company P/S ratio
WPP WPP PLC compare n/m
QNST QuinStreet, Inc. compare 0.7×
STGW Stagwell Inc. compare 0.7×
OMC Omnicom Group Inc. compare 1.0×
ZD Ziff Davis, Inc. compare 1.4×
TTD The Trade Desk compare 1.9×
DV DoubleVerify Holdings, Inc. compare 2.7×
MGNI Magnite, Inc. compare 4.5×
APP AppLovin Corporation 13.1×
Advertising Agencies industry median 0.7×
Communication Services sector median 0.8×
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 →

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