AppLovin Corp (APP) stock

APPNasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 17/3027% below fair value

$404.77+9.26 (+2.34%)

Close on Nov 11, 2026Market cap $135.46BP/E 27.2Yield –

AppLovin gross margin

Gross margin is gross profit as a percentage of revenue.

AppLovin's gross margin for the twelve months ending Sep 30, 2026 was 88.8%. For fiscal 2025 it was 87.9%, against 83.9% the year before. The highest annual figure on record is 87.9% in fiscal 2025.

Annual gross margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	87.9%	+4.0
FY2024	Dec 31, 2024	83.9%	+3.2
FY2023	Dec 31, 2023	80.6%	+25.2
FY2022	Dec 31, 2022	55.4%	−9.2
FY2021	Dec 31, 2021	64.6%	+2.9
FY2020	Dec 31, 2020	61.7%	−14.0
FY2019	Dec 31, 2019	75.7%	–

Quarterly gross margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q3 FY2026	Sep 30, 2026	89.0%	+1.4
Q2 FY2026	Jun 30, 2026	88.3%	+0.6
Q1 FY2026	Mar 31, 2026	88.9%	+2.0
Q4 FY2025	Dec 31, 2025	88.9%	+4.3
Q3 FY2025	Sep 30, 2025	87.6%	+2.0
Q2 FY2025	Jun 30, 2025	87.7%	+4.8
Q1 FY2025	Mar 31, 2025	86.9%	+14.7
Q4 FY2024	Dec 31, 2024	84.7%	+13.4
Q3 FY2024	Sep 30, 2024	85.5%	+16.2
Q2 FY2024	Jun 30, 2024	82.9%	+17.3
Q1 FY2024	Mar 31, 2024	72.2%	+8.8
Q4 FY2023	Dec 31, 2023	71.3%	+23.9
Q3 FY2023	Sep 30, 2023	69.3%	+11.5
Q2 FY2023	Jun 30, 2023	65.5%	+4.7
Q1 FY2023	Mar 31, 2023	63.4%	+8.4
Q4 FY2022	Dec 31, 2022	47.4%	−19.2
Q3 FY2022	Sep 30, 2022	57.8%	−7.3
Q2 FY2022	Jun 30, 2022	60.8%	−2.4
Q1 FY2022	Mar 31, 2022	54.9%	−8.1
Q4 FY2021	Dec 31, 2021	66.6%	+5.4
Q3 FY2021	Sep 30, 2021	65.1%	+7.8
Q2 FY2021	Jun 30, 2021	63.2%	+2.7
Q1 FY2021	Mar 31, 2021	63.1%	−7.6
Q4 FY2020	Dec 31, 2020	61.2%	–
Q3 FY2020	Sep 30, 2020	57.3%	–
Q2 FY2020	Jun 30, 2020	60.6%	–
Q1 FY2020	Mar 31, 2020	70.6%	–