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APPAppLovin Corporation
$527.98$177.4B
Overview & Verdict
OverviewShould I Buy?
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APP logoAppLovin Corporation(APP)Earnings, Financials & Key Ratios

APP•NASDAQ
$527.98
54.2× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryMarketing automation and ad technology
AboutAppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction. Its business clients include various advertisers, publishers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.Show more
  • Revenue$5.48B+16.4%
  • EBITDA$4.35B+87.2%
  • Net Income$3.33B+111.0%
  • EPS (Diluted)9.75+115.2%
  • Gross Margin87.86%+16.8%
  • EBITDA Margin79.31%+60.8%
  • Operating Margin75.75%+90.4%
  • Net Margin60.83%+81.3%
  • ROE206.78%+53.5%

APP Price & Volume

AppLovin Corporation (APP) stock price & volume — 10-year historical chart

Loading chart...

Software Platform Scaling Drives Exceptional Margin Expansion

Investment Thesis • Updated 2026Q1

VerdictPositive: The company demonstrates strong fundamental momentum with a 2026Q1 net income of $1.2B and a robust liquidity position of $2.8B in cash
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Privacy-driven signal degradation

Key Thesis Takeaways

  • AppLovin has successfully pivoted toward a high-margin software-centric model, evidenced by a 24.2% year-over-year revenue growth in 2026Q1 and a significant expansion in operating margins to 78.2%.
  • While the company's AXON engine provides a robust competitive moat, investors should monitor potential regulatory risks to data privacy that could impact conversion efficiency.
  • The firm's aggressive capital return strategy, highlighted by a $1.0B share repurchase in 2025Q1, underscores management's confidence in sustaining long-term cash generation.

Verdict Logic

suggesting the current forward P/E of 29.63 may undervalue the sustained software-driven growth trajectory.

APP Growth Metrics

AppLovin Corporation (APP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years30.45%
3 Years24.84%
TTM40%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM106.4%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM110.11%

Return on Capital

10 Years26.89%
5 Years26.94%
3 Years43.78%
Last Year77.33%

APP Recent Earnings

AppLovin Corporation (APP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$3.56+3.5%
$3.44
Rev
$1.8B+3.9%
$1.8B
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$3.24+9.8%
$2.95
Rev
$1.7B+2.8%
$1.6B
Q4 2025
Nov 5, 2025
Metric
Actual
Est
EPS
$2.45+2.9%
$2.38
Rev
$1.4B+4.7%
$1.3B
Q3 2025
Aug 6, 2025
Metric
Actual
Est
EPS
$2.26+15.3%
$1.96
Rev
$1.3B+2.8%
$1.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$3.56vs $3.44+3.5%
$1.8Bvs $1.8B+3.9%
Q1 2026Feb 11, 2026
$3.24vs $2.95+9.8%
$1.7Bvs $1.6B+2.8%
Q4 2025Nov 5, 2025
$2.45vs $2.38+2.9%
$1.4Bvs $1.3B+4.7%
Q3 2025Aug 6, 2025
$2.26vs $1.96+15.3%
$1.3Bvs $1.2B+2.8%
Based on last 12 quarters of dataView full earnings history →

Latest APP News

Recent stock market news and headlines for AppLovin Corporation (APP)

The Motley Fool·3 days ago
AppLovin vs. Palantir Technologies: Which High-Growth Tech Stock Is a Better Buy in 2026?

AppLovin leverages a powerful machine learning engine to dominate the mobile advertising software market. Palantir Technologies is rapidly expanding its commercial presence through its advanced artificial intelligence platform.

The Motley Fool·5 days ago
Why AppLovin Stock Was Racing Higher This Week

Using a compelling adjective, he flagged it as a strong buy. The move comes after the company opened its ecommerce ad platform to all advertisers.

Business Wire·6 days ago
AppLovin to Announce Second Quarter 2026 Results

PALO ALTO, Calif.--(BUSINESS WIRE)--AppLovin Corporation, (NASDAQ: APP) (“AppLovin” or the “Company”) the leading marketing platform, today announced it will report financial results for the second quarter ended June 30, 2026 on Wednesday, August 5, 2026 after the U.S. stock market closes. An accompanying webinar will take place at 2:00 PM PT / 5:00 PM ET on August 5, 2026 during which management will discuss the Company's quarterly results and provide commentary on business performance. The we.

MarketBeat·Jun 30, 2026
Why AppLovin's CEO Is Selling While Quantum Insiders Are Buying

Insiders are making notable trades across several tech stocks. This includes the newest quantum stock on the market, which is seeing significant insider purchases right out of the gate.

Zacks Investment Research·Jun 29, 2026
Wall Street Analysts Think AppLovin (APP) Is a Good Investment: Is It?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Peers Comparison

Key metrics vs top competitors for AppLovin Corporation (APP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
APP logoAPPAppLovin CorporationCurrent
$527.98$177.37B54.1516.38%60.83%206.78%—
MGNI logoMGNIMagnite, Inc.
$20.52$2.94B21.606.85%21.96%18.57%—
IAS logoIASIntegral Ad Science Holding Corp.
$10.34$1.74B44.9611.75%7.91%4.43%—
DV logoDVDoubleVerify Holdings, Inc.
$11.44$1.76B38.1313.92%7.16%5%—
TTD logoTTDThe Trade Desk, Inc.
$19.18$9.02B21.0818.47%14.57%16.91%—
PUBM logoPUBMPubMatic, Inc.
$13.32$622.09M-42.97-2.86%-6.21%-6.98%—

Compare APP vs Peers

AppLovin Corporation (APP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MGNI

Most directly comparable listed peer for APP.

Scale Benchmark

vs AAPL

Larger-name benchmark to compare APP against a more recognizable public peer.

Peer Set

Compare Top 5

vs MGNI, IAS, DV, TTD

APP SEC Filings & Documents

AppLovin Corporation (APP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

Apr 7, 2026·SEC

Material company update

Feb 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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APP Frequently Asked Questions

AppLovin Corporation (APP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is AppLovin Corporation's revenue?

AppLovin Corporation (APP) reported $6.16B in revenue for fiscal year 2025. This represents a 1175% increase from $483.4M in 2018.

How fast is AppLovin Corporation growing?

AppLovin Corporation (APP) grew revenue by 16.4% over the past year. This is strong growth.

Is APP profitable?

Yes, AppLovin Corporation (APP) is profitable, generating $3.96B in net income for fiscal year 2025 (60.8% net margin).

Dividend & Returns
What is APP's return on equity?

AppLovin Corporation (APP) has a return on equity (ROE) of 206.8%. This is excellent, indicating efficient use of shareholder capital.

What is AppLovin Corporation's free cash flow?

AppLovin Corporation (APP) generated $4.40B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in APP back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →