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 operating margin

Operating margin is operating income as a percentage of revenue.

AppLovin's operating margin for the twelve months ending Sep 30, 2026 was 77.8%. For fiscal 2025 it was 75.8%, against 59.3% the year before. The highest annual figure on record is 75.8% in fiscal 2025.

Annual operating margin

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	75.8%	+16.5
FY2024	Dec 31, 2024	59.3%	+17.3
FY2023	Dec 31, 2023	41.9%	+43.6
FY2022	Dec 31, 2022	-1.7%	−7.1
FY2021	Dec 31, 2021	5.4%	+9.6
FY2020	Dec 31, 2020	-4.3%	−23.8
FY2019	Dec 31, 2019	19.6%	–

Quarterly operating margin

Change is against the same quarter a year earlier.

Period	Period end	Value	Change (pts)
Q3 FY2026	Sep 30, 2026	78.2%	+1.4
Q2 FY2026	Jun 30, 2026	77.7%	+1.6
Q1 FY2026	Mar 31, 2026	78.2%	+5.7
Q4 FY2025	Dec 31, 2025	76.9%	+14.1
Q3 FY2025	Sep 30, 2025	76.8%	+12.8
Q2 FY2025	Jun 30, 2025	76.1%	+22.0
Q1 FY2025	Mar 31, 2025	72.5%	+40.4
Q4 FY2024	Dec 31, 2024	62.9%	+21.6
Q3 FY2024	Sep 30, 2024	64.0%	+42.4
Q2 FY2024	Jun 30, 2024	54.1%	+36.6
Q1 FY2024	Mar 31, 2024	32.1%	+23.6
Q4 FY2023	Dec 31, 2023	41.3%	+44.5
Q3 FY2023	Sep 30, 2023	21.6%	+14.6
Q2 FY2023	Jun 30, 2023	17.5%	+10.6
Q1 FY2023	Mar 31, 2023	8.5%	+29.0
Q4 FY2022	Dec 31, 2022	-3.2%	−10.6
Q3 FY2022	Sep 30, 2022	6.9%	+0.7
Q2 FY2022	Jun 30, 2022	6.9%	+1.6
Q1 FY2022	Mar 31, 2022	-20.5%	−22.4
Q4 FY2021	Dec 31, 2021	7.4%	+8.3
Q3 FY2021	Sep 30, 2021	6.2%	+26.0
Q2 FY2021	Jun 30, 2021	5.2%	+7.5
Q1 FY2021	Mar 31, 2021	1.9%	−7.8
Q4 FY2020	Dec 31, 2020	-1.0%	–
Q3 FY2020	Sep 30, 2020	-19.8%	–
Q2 FY2020	Jun 30, 2020	-2.3%	–
Q1 FY2020	Mar 31, 2020	9.7%	–