AppLovin (APP) FCF Margin (2020 - 2026)
AppLovin (APP) reported 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 7 years of FCF Margin data on file, last reported at 70.09% in Q1 2026.
- FCF Margin for Q1 2026 came in at 70.09%, down 167.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 71.88% (up 337.0% YoY), and the FY2025 annual result was 72.46%, up 750.0% from the prior year.
- FCF Margin eased to 70.09% in Q1 2026 per APP's latest filing, from 79.24% in the prior quarter.
- Over five years, FCF Margin peaked at 79.24% in Q4 2025 and troughed at 70.95% in Q4 2023.
- A 5-year average of 39.59% and a median of 40.34% in 2023 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2023 and 2024: FCF Margin plunged 9418 bps in 2023, then jumped 14108 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 23.23% in 2022, then plunged by 405 bps to 70.95% in 2023, then jumped by 199 bps to 70.14% in 2024, then climbed by 13 bps to 79.24% in 2025, then fell 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 | 175.91 Bn | 173.15 Bn | 1.78 Bn | 70.09% |
| 2 | Omnicom | 22.52 Bn | 18.86 Bn | 1.04 Bn | -9.84% |
| 3 | Trade Desk | 9.46 Bn | 8.05 Bn | 506.89 Mn | 40.51% |
| 4 | Wpp | 2.71 Bn | -875.81 Mn | - | - |
| 5 | Nexxen International | 2.36 Bn | 2.23 Bn | 70.41 Mn | -20.50% |
| 6 | Magnite | 2.27 Bn | 2.09 Bn | 118.28 Mn | -75.73% |
| 7 | Ziff Davis | 1.74 Bn | 1.22 Bn | 152.41 Mn | -1.19% |
| 8 | DoubleVerify Holdings | 1.69 Bn | 1.51 Bn | 135.23 Mn | 2.28% |
| 9 | Stagwell | 1.60 Bn | 1.51 Bn | 244.61 Mn | -6.94% |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 1.02 Bn | 193.76 Mn | -3.42% |
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 | -70.95% |
| Sep 30, 2023 | 22.79% |
| Jun 30, 2023 | 30.05% |
| Mar 31, 2023 | 40.34% |
| Dec 31, 2022 | 23.23% |
| Sep 30, 2022 | 24.75% |
| Jun 30, 2022 | 13.46% |
| Mar 31, 2022 | -5.12% |
| Dec 31, 2021 | 10.90% |
| Sep 30, 2021 | 16.95% |
| Jun 30, 2021 | 13.30% |