AppFolio, Inc.

APPF Technology Software Application

AppFolio, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $950.8 million, up 19.7% from fiscal 2024.

Revenue
+18.6%
EPS
+38.3%
Free cash flow
+14.5%

Quarter to September 2026, against a year earlier

232.54 4.31 −1.82%
Market cap
$8.3B
P/E
48.8×
Fwd P/E
44.1×
Dividend yield
—
F-score
5/9
Altman Z
37.76
Beneish M
−2.90
Dividend safety
n/a

AppFolio, Inc. (APPF) Operating margin

Alert me on Operating margin

AppFolio, Inc.'s operating margin over the twelve months to 30 September 2026 was 18.8%, up 2.8 percentage points from fiscal 2025 (16.1%). Over the past ten years it has ranged from −20.0% (fiscal 2015) to 17.1% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 16.1% (1.00)
FY2024 17.1% 16.92
FY2023 0.16% 15.50
FY2022 −15.3% (12.03)
FY2021 −3.31% (6.47)
FY2020 3.16% 0.64
FY2019 2.52% (7.82)
FY2018 10.3% 3.85
FY2017 6.49% 14.47
FY2016 −7.98% 12.03

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 19.4% 0.58
Jun 2026 18.8% (0.51)
Mar 2026 19.4% 1.79
Dec 2025 17.6% 3.51
43 more quarters

Against its own ten years

Low −20.0% High 17.1%
Ten-year median 2.52%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
IDCC InterDigital, Inc. compare 45.1%
YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare 33.8%
YOU CLEAR Secure, Inc. compare 26.5%
PCTY Paylocity Holding Corporation compare 21.8%
APPF AppFolio, Inc. 18.8%
DUOL Duolingo, Inc. compare 12.4%
ESTC Elastic N.V. compare −2.64%
TTAN ServiceTitan Inc. compare −13.0%
QNT Quantinuum Inc. compare —
Software Application industry median 0.00%
Technology sector median 0.02%
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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