AppLovin (APP) FCF Margin (2020 - 2026)
AppLovin (APP) posted quarterly FCF Margin of 70.09% for Q1 2026, down 167.0% year-over-year from 104.61% in Q1 2025, and down 11.54% quarter-over-quarter from 79.24% in Q4 2025.
AppLovin (APP) FCF Margin (2020 - 2026) Analysis & Trends
AppLovin (APP) has reported FCF Margin for 7 consecutive years, with 70.09% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 167.0% year-over-year to 70.09%; the TTM figure through Mar 2026 stood at 71.88% (up 337.0% YoY), while the FY2025 annual figure was 72.46%, up 750.0% from the prior year.
- FCF Margin retreated to 70.09% in Q1 2026 per APP's latest filing, from 79.24% in the prior quarter.
- Across five years, FCF Margin topped out at 79.24% in Q4 2025 and bottomed at 70.43% in Q4 2023.
- Historically, FCF Margin has averaged 39.0% across 5 years, with a median of 40.05% in 2023.
- Annual changes were most pronounced in 2023 — FCF Margin sank 8274 bps — and 2024, when it surged 14057 bps.
- AppLovin's FCF Margin stood at 12.31% in 2022, then tumbled by 672 bps to 70.43% in 2023, then soared by 200 bps to 70.14% in 2024, then grew by 13 bps to 79.24% in 2025, then retreated by 12 bps to 70.09% in 2026.
- Business Quant data shows APP's FCF Margin at 70.09% in Q1 2026, 79.24% in Q4 2025, and 74.97% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 103.70 Bn | 100.65 Bn | 1.70 Bn | 45.18% |
| 2 | Omnicom | 24.37 Bn | 21.03 Bn | 1.30 Bn | -6.60% |
| 3 | Trade Desk | 6.27 Bn | 4.78 Bn | 530.72 Mn | 19.63% |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.35 Bn | 3.02 Bn | 130.79 Mn | 90.49% |
| 6 | Stagwell | 2.09 Bn | 1.98 Bn | 269.24 Mn | 6.38% |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 33.92% |
| 8 | Ziff Davis | 2.02 Bn | 410.50 Mn | 241.03 Mn | 18.82% |
| 9 | Clear Channel Outdoor Holdings | 1.22 Bn | 1.02 Bn | 241.86 Mn | 5.77% |
| 10 | Quinstreet | 1.17 Bn | 1.06 Bn | 41.34 Mn | 9.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 45.18% |
| Mar 31, 2026 | 70.09% |
| Dec 31, 2025 | 79.24% |
| Sep 30, 2025 | 74.97% |
| Jun 30, 2025 | 61.35% |
| Mar 31, 2025 | 71.76% |
| Dec 31, 2024 | 70.14% |
| Sep 30, 2024 | 65.94% |
| Jun 30, 2024 | 63.93% |
| Mar 31, 2024 | 37.12% |
| Dec 31, 2023 | -70.43% |
| Sep 30, 2023 | 22.92% |
| Jun 30, 2023 | 30.51% |
| Mar 31, 2023 | 40.05% |
| Dec 31, 2022 | 12.31% |
| Sep 30, 2022 | 24.44% |
| Jun 30, 2022 | 13.57% |
| Mar 31, 2022 | -4.90% |
| Dec 31, 2021 | 3.95% |
| Sep 30, 2021 | 17.47% |