AppLovin (APP) EBITDA Margin (2020 - 2026)
AppLovin's EBITDA Margin was 79.79% in Q3 2026, up 0.49 percentage points from 79.29% a year earlier and up 0.41 percentage points from the prior quarter.
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Analysis
AppLovin (APP) EBITDA Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, AppLovin's EBITDA Margin was 79.53% through Sep 30, 2026, up 0.84 percentage points year-over-year; for FY2025, it was 79.31%, up 6.12 percentage points from FY2024.
- EBITDA Margin has now increased for three consecutive years, with a five-year change of +65.45 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was 73.19% in FY2024 (+4.19 pp), 69.00% in FY2023 (+50.82 pp), 18.17% in FY2022 (-3.09 pp) and 21.26% in FY2021 (+7.41 pp).
- Quarterly EBITDA Margin has moved between 0.68% (Q1 2022) and 79.98% (Q1 2026) over five years.
- Compared with a year earlier, EBITDA Margin was higher in six of the last seven quarters, with an average year-over-year change of +7.77 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q3 2024 (a gain of 39.90 percentage points); the worst was Q1 2022 (a drop of 16.64 percentage points).
- Per Business Quant data, APP's EBITDA Margin in the three quarters before Q3 2026 was 79.37% (Q2 2026), 79.98% (Q1 2026) and 78.89% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,555.16 Bn | 3,290.06 Bn | 76.16 Bn | 38.37% |
| 2 | Meta Platforms | 1,645.02 Bn | 1,309.54 Bn | 51.23 Bn | 31.18% |
| 3 | Netflix | 259.98 Bn | 221.27 Bn | 6.80 Bn | 68.36% |
| 4 | Alibaba Group Holding | 242.36 Bn | 241.21 Bn | - | - |
| 5 | Shopify | 192.37 Bn | 171.18 Bn | 1.78 Bn | 15.37% |
| 6 | Uber Technologies | 142.90 Bn | 113.72 Bn | 6.42 Bn | 11.28% |
| 7 | AppLovin | 130.75 Bn | 119.27 Bn | 1.94 Bn | 79.79% |
| 8 | Spotify Technology | 122.74 Bn | 105.49 Bn | - | - |
| 9 | Booking Holdings | 122.04 Bn | 55.79 Bn | - | 40.49% |
| 10 | PDD Holdings | 111.67 Bn | 111.67 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 79.79% |
| Jun 30, 2026 | 79.37% |
| Mar 31, 2026 | 79.98% |
| Dec 31, 2025 | 78.89% |
| Sep 30, 2025 | 79.29% |
| Jun 30, 2025 | 79.82% |
| Mar 31, 2025 | 79.37% |
| Dec 31, 2024 | 75.66% |
| Sep 30, 2024 | 75.90% |
| Jun 30, 2024 | 69.33% |
| Mar 31, 2024 | 42.74% |
| Sep 30, 2023 | 36.01% |
| Jun 30, 2023 | 33.93% |
| Mar 31, 2023 | 26.91% |
| Dec 31, 2022 | 11.70% |
| Sep 30, 2022 | 30.28% |
| Jun 30, 2022 | 27.00% |
| Mar 31, 2022 | 0.68% |
| Dec 31, 2021 | 22.44% |
| Sep 30, 2021 | 22.98% |
API Access
AppLovin EBITDA Margin 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=ebitda-margin&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();