AppLovin (APP) Cash from Operations (2020 - 2026)
AppLovin's Cash from Operations came in at $1.43 billion for Q3 2026, up 35.6% from $1.05 billion a year earlier and up 64.4% from the prior quarter.
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Analysis
AppLovin (APP) Cash from Operations (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, AppLovin reported Cash from Operations of $4.9 billion, up 46.0% year-over-year; for FY2025, it was $3.97 billion, up 89.2% from FY2024.
- Cash from Operations has increased in each of the last six years, with a five-year compound annual growth rate of 77.9% (FY2020 to FY2025).
- Going back by year, Cash from Operations was $2.1 billion in FY2024 (+97.7%), $1.06 billion in FY2023 (+157.2%), $412.77 million in FY2022 (+14.1%) and $361.85 million in FY2021 (+62.4%).
- The Q3 2026 figure represents the highest quarterly Cash from Operations in data going back to Q1 2020.
- Year-over-year, Cash from Operations has increased for 14 consecutive quarters, with growth averaging 70.9% over the last eight quarters.
- The fastest year-over-year change in Cash from Operations over five years came in Q3 2024 (growth of 176.6%), and the weakest in Q4 2021 (a decline of 15.1%).
- Business Quant data shows APP's Cash from Operations at $869.04 million (Q2 2026), $1.29 billion (Q1 2026) and $1.31 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,522.13 Bn | 3,257.03 Bn | 76.16 Bn | 42.29 Bn |
| 2 | Meta Platforms | 1,639.39 Bn | 1,303.91 Bn | 51.23 Bn | 32.79 Bn |
| 3 | Netflix | 259.77 Bn | 221.06 Bn | 6.80 Bn | 3.16 Bn |
| 4 | Alibaba Group Holding | 238.46 Bn | 60.53 Bn | 15.16 Bn | 3.38 Bn |
| 5 | Shopify | 188.67 Bn | 173.82 Bn | 1.78 Bn | 818.00 Mn |
| 6 | Uber Technologies | 142.87 Bn | 114.08 Bn | 6.42 Bn | 2.64 Bn |
| 7 | AppLovin | 131.04 Bn | 119.57 Bn | 1.94 Bn | 1.43 Bn |
| 8 | Spotify Technology | 124.73 Bn | 81.65 Bn | 1.89 Bn | 851.32 Mn |
| 9 | Booking Holdings | 119.44 Bn | 53.19 Bn | - | 1.14 Bn |
| 10 | PDD Holdings | 113.02 Bn | -131.03 Bn | 9.48 Bn | 3.77 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.43 Bn |
| Jun 30, 2026 | 869.04 Mn |
| Mar 31, 2026 | 1.29 Bn |
| Dec 31, 2025 | 1.31 Bn |
| Sep 30, 2025 | 1.05 Bn |
| Jun 30, 2025 | 772.23 Mn |
| Mar 31, 2025 | 831.71 Mn |
| Dec 31, 2024 | 701.00 Mn |
| Sep 30, 2024 | 550.70 Mn |
| Jun 30, 2024 | 454.53 Mn |
| Mar 31, 2024 | 392.78 Mn |
| Dec 31, 2023 | 343.99 Mn |
| Sep 30, 2023 | 199.07 Mn |
| Jun 30, 2023 | 229.79 Mn |
| Mar 31, 2023 | 288.66 Mn |
| Dec 31, 2022 | 163.20 Mn |
| Sep 30, 2022 | 174.48 Mn |
| Jun 30, 2022 | 106.81 Mn |
| Mar 31, 2022 | -31.72 Mn |
| Dec 31, 2021 | 85.02 Mn |
API Access
AppLovin Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "APP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();