AppLovin (APP) Common Equity (2019 - 2026)
AppLovin (APP) reported Common Equity of $3.16 billion for Q2 2026, up 171.0% from $1.17 billion a year earlier and up 33.8% from the prior quarter.
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Analysis
AppLovin (APP) Common Equity (2019 - 2026) Analysis & Trends
At the end of FY2025, AppLovin posted Common Equity of $2.13 billion, up 95.9% from FY2024.
- By year, Common Equity came in at $1.09 billion in FY2024 (-13.3%), $1.26 billion in FY2023 (-34.0%), $1.9 billion in FY2022 (-11.0%) and $2.14 billion in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Common Equity in data going back to Q4 2019.
- Year over year, Common Equity has now increased in each of the last five quarters, with growth averaging 78.3% over the last eight quarters.
- The high point for year-over-year Common Equity in five years was Q1 2026 (growth of 310.7%); the low point was Q1 2024 (a decline of 60.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.36 billion (Q1 2026), $2.13 billion (Q4 2025) and $1.47 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,142.52 Bn | 3,900.05 Bn | 73.85 Bn | 640.48 Bn |
| 2 | Meta Platforms | 1,882.44 Bn | 1,584.96 Bn | 49.47 Bn | 261.22 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 30.15 Bn |
| 4 | Alibaba Group Holding | 250.25 Bn | 68.12 Bn | 15.11 Bn | 163.05 Bn |
| 5 | Shopify | 192.03 Bn | 169.21 Bn | 1.71 Bn | 12.68 Bn |
| 6 | Uber Technologies | 141.56 Bn | 113.53 Bn | 6.38 Bn | 28.22 Bn |
| 7 | Booking Holdings | 121.98 Bn | 55.03 Bn | - | -10.78 Bn |
| 8 | PDD Holdings | 110.31 Bn | -141.62 Bn | 9.45 Bn | 66.00 Bn |
| 9 | AppLovin | 102.49 Bn | 92.52 Bn | 1.70 Bn | 3.16 Bn |
| 10 | Spotify Technology | 101.54 Bn | 58.77 Bn | 1.86 Bn | 9.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.16 Bn |
| Mar 31, 2026 | 2.36 Bn |
| Dec 31, 2025 | 2.13 Bn |
| Sep 30, 2025 | 1.47 Bn |
| Jun 30, 2025 | 1.17 Bn |
| Mar 31, 2025 | 575.42 Mn |
| Dec 31, 2024 | 1.09 Bn |
| Sep 30, 2024 | 938.21 Mn |
| Jun 30, 2024 | 814.84 Mn |
| Mar 31, 2024 | 760.20 Mn |
| Dec 31, 2023 | 1.26 Bn |
| Sep 30, 2023 | 1.10 Bn |
| Jun 30, 2023 | 1.52 Bn |
| Mar 31, 2023 | 1.90 Bn |
| Dec 31, 2022 | 1.90 Bn |
| Sep 30, 2022 | 1.88 Bn |
| Jun 30, 2022 | 1.91 Bn |
| Mar 31, 2022 | 2.01 Bn |
| Dec 31, 2021 | 2.14 Bn |
| Sep 30, 2021 | 2.05 Bn |
API Access
AppLovin Common Equity 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=common-equity&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();