AppLovin (APP) FCF Margin (2020 - 2026)
AppLovin's (APP) quarterly FCF Margin came in at 70.09% in Q1 2026, down 167.0% year-on-year from 104.61% in Q1 2025, and down 11.54% on a QoQ basis from 79.24% in Q4 2025.
AppLovin (APP) FCF Margin (2020 - 2026) Analysis & Trends
AppLovin (APP) has 7 years of FCF Margin data on file, last reported at 70.09% in Q1 2026.
- On a quarterly basis, FCF Margin fell 167.0% year-over-year to 70.09% in Q1 2026; TTM through Mar 2026 was 71.88%, a 337.0% increase from a year earlier, with the FY2025 full-year figure at 72.46%, up 750.0% from the prior year.
- FCF Margin for Q1 2026 stood at 70.09%, down from 79.24% in the prior quarter.
- Over the last five years, FCF Margin for APP reached as high as 79.24% in Q4 2025 and fell as low as 70.43% in Q4 2023.
- Historically, FCF Margin has averaged 39.0% across 5 years, with a median of 40.05% in 2023.
- Across the five-year window, FCF Margin tumbled 8274 bps in 2023 and soared 14057 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 12.31% in 2022, then tumbled by 672 bps to 70.43% in 2023, then surged by 200 bps to 70.14% in 2024, then rose by 13 bps to 79.24% in 2025, then slipped by 12 bps to 70.09% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 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 | 134.57 Bn | 131.82 Bn | 1.64 Bn | 70.09% |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - | - |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn | -9.84% |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn | 55.40% |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn | -75.73% |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn | -1.19% |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn | -5.28% |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn | -3.52% |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn | -3.42% |
| 10 | Criteo | 1.05 Bn | 737.13 Mn | 222.74 Mn | 3.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 14.31% |