AppLovin APP
NASDAQ APP
$311.83 +3.77 (+1.22%)
As of: Sep 21, 2026 · 9:41 AM EDT

AppLovin (APP) Free Cash Flow (2020 - 2026)

AppLovin's (APP) quarterly Free Cash Flow came in at $869.0 million in Q2 2026, up 12.54% year-over-year from $772.2 million in Q2 2025, and down 32.71% quarter-over-quarter from $1.3 billion in Q1 2026.

Analysis

AppLovin (APP) Free Cash Flow (2020 - 2026) Analysis & Trends

AppLovin (APP) has reported Free Cash Flow for 7 consecutive years, with $869.0 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Free Cash Flow rose 12.54% year-over-year to $869.0 million in Q2 2026; TTM through Jun 2026 was $4.5 billion, a 58.55% increase from a year earlier, with the FY2025 full-year figure at $4.0 billion, up 107.95% from the prior year.
  • Free Cash Flow was $869.0 million for Q2 2026 at AppLovin, down from $1.3 billion in the prior quarter.
  • Over five years, Free Cash Flow peaked at $1.3 billion in Q4 2025 and troughed at -$33.4 million in Q1 2022.
  • A 5-year average of $528.1 million and a median of $423.7 million in 2024 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow tumbled 153.58% in 2022 and surged 958.48% in 2023, its largest moves.
  • Over 5 years, Free Cash Flow stood at $90.5 million in 2022, then surged by 210.02% to $280.5 million in 2023, then jumped by 149.93% to $701.0 million in 2024, then soared by 87.41% to $1.3 billion in 2025, then sank by 33.85% to $869.0 million in 2026.
  • The last three Free Cash Flow figures came in at $869.0 million (Q2 2026), $1.3 billion (Q1 2026), and $1.3 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alphabet 4,184.93 Bn 3,755.89 Bn 73.85 Bn -5.86 Bn
2 AppLovin 103.29 Bn 100.24 Bn 1.70 Bn 869.04 Mn
3 Trade Desk 6.54 Bn 5.05 Bn 530.72 Mn 140.37 Mn
4 Magnite 3.61 Bn 3.27 Bn 130.79 Mn 174.50 Mn
5 DoubleVerify Holdings 2.08 Bn 1.87 Bn 161.31 Mn 65.73 Mn
6 Digital Turbine 1.28 Bn 1.24 Bn - -
7 Quinstreet 991.48 Mn 863.16 Mn 49.81 Mn 50.35 Mn
8 Ibotta 965.22 Mn 817.04 Mn 69.72 Mn 8.94 Mn
9 Taboola.com 906.66 Mn 773.61 Mn 139.48 Mn 17.32 Mn
10 Mntn 837.08 Mn 599.80 Mn 66.30 Mn 23.36 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 869.04 Mn
Mar 31, 2026 1.29 Bn
Dec 31, 2025 1.31 Bn
Sep 30, 2025 1.05 Bn
Jun 30, 2025 772.23 Mn
Mar 31, 2025 831.71 Mn
Dec 31, 2024 701.00 Mn
Sep 30, 2024 550.70 Mn
Jun 30, 2024 454.53 Mn
Mar 31, 2024 392.78 Mn
Dec 31, 2023 280.48 Mn
Sep 30, 2023 145.32 Mn
Jun 30, 2023 227.49 Mn
Mar 31, 2023 286.54 Mn
Dec 31, 2022 90.47 Mn
Sep 30, 2022 166.83 Mn
Jun 30, 2022 111.50 Mn
Mar 31, 2022 -33.38 Mn
Dec 31, 2021 31.35 Mn
Sep 30, 2021 127.02 Mn