Friday 6 November 2026 Export APP’s income statement to Excel — free account

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) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Reportable Segment	5,481	100.00%
Gross margin		87.86%
Operating margin		75.75%
Pre-tax margin		72.12%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022
Reportable Segment	5,481 100.00%	3,224 100.00%	1,842 100.00%	—
Apps	—	—	—	1,768 62.76%
Advertising	—	—	—	1,049 37.24%
Revenue	5,481	3,224	1,842	2,817

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
United States	2,827 51.59%	1,726 53.54%	1,016 55.16%	1,729 61.37%	1,687 60.40%	896 61.75%	622 62.57%
Rest of the world	2,653 48.41%	1,498 46.46%	826 44.84%	1,088 38.63%	1,106 39.60%	555 38.25%	372 37.43%
Revenue	5,481	3,224	1,842	2,817	2,793	1,451	994

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.