AppLovin (APP) Common Equity (2019 - 2026)
AppLovin (APP) reported Common Equity of $3.3 billion for Q3 2026, up 123.8% from $1.47 billion a year earlier and up 4.3% 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 Q3 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 six quarters, with growth averaging 95.5% 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 Q3 2026 came in at $3.16 billion (Q2 2026), $2.36 billion (Q1 2026) and $2.13 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,555.16 Bn | 3,290.06 Bn | 76.16 Bn | 677.55 Bn |
| 2 | Meta Platforms | 1,645.02 Bn | 1,309.54 Bn | 51.23 Bn | 272.39 Bn |
| 3 | Netflix | 259.98 Bn | 221.27 Bn | 6.80 Bn | 29.29 Bn |
| 4 | Alibaba Group Holding | 242.36 Bn | 241.21 Bn | - | 161.82 Bn |
| 5 | Shopify | 192.37 Bn | 171.18 Bn | 1.78 Bn | 12.75 Bn |
| 6 | Uber Technologies | 142.90 Bn | 113.72 Bn | 6.42 Bn | 28.58 Bn |
| 7 | AppLovin | 130.75 Bn | 119.27 Bn | 1.94 Bn | 3.30 Bn |
| 8 | Spotify Technology | 122.74 Bn | 105.49 Bn | - | 9.78 Bn |
| 9 | Booking Holdings | 122.04 Bn | 55.79 Bn | - | -10.41 Bn |
| 10 | PDD Holdings | 111.67 Bn | 111.67 Bn | - | 59.09 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.30 Bn |
| 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 |
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();