AppLovin (APP) Free Cash Flow (2020 - 2026)
AppLovin (APP) posted quarterly Free Cash Flow of $1.3 billion for Q1 2026, up 55.27% year-over-year from $831.7 million in Q1 2025, and down 1.7% quarter-over-quarter from $1.3 billion in Q4 2025.
AppLovin (APP) Free Cash Flow (2020 - 2026) Analysis & Trends
AppLovin (APP) has reported Free Cash Flow for 7 consecutive years, with $1.3 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 55.27% year-over-year to $1.3 billion; the TTM figure through Mar 2026 stood at $4.4 billion (up 74.58% YoY), while the FY2025 annual figure was $4.0 billion, up 89.62% from the prior year.
- Free Cash Flow fell to $1.3 billion in Q1 2026 per APP's latest filing, from $1.3 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $1.3 billion in Q4 2025 and bottomed at -$30.6 million in Q1 2022.
- Historically, Free Cash Flow has averaged $515.0 million across 5 years, with a median of $392.8 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow plunged 149.53% — and 2023, when it soared 1035.75%.
- AppLovin's Free Cash Flow stood at $86.5 million in 2022, then surged by 297.5% to $343.7 million in 2023, then jumped by 103.93% to $701.0 million in 2024, then surged by 87.41% to $1.3 billion in 2025, then fell by 1.7% to $1.3 billion in 2026.
- Business Quant data shows APP's Free Cash Flow at $1.3 billion in Q1 2026, $1.3 billion in Q4 2025, and $1.1 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 101.98 Bn | 98.93 Bn | 1.70 Bn | 869.04 Mn |
| 2 | Omnicom | 24.54 Bn | 21.20 Bn | 1.30 Bn | -433.10 Mn |
| 3 | Trade Desk | 6.22 Bn | 4.73 Bn | 530.72 Mn | 140.37 Mn |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.38 Bn | 3.05 Bn | 130.79 Mn | 174.50 Mn |
| 6 | Stagwell | 2.16 Bn | 2.05 Bn | 269.24 Mn | 50.16 Mn |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 65.73 Mn |
| 8 | Ziff Davis | 2.03 Bn | 425.05 Mn | 241.03 Mn | 53.96 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.21 Bn | 1.02 Bn | 241.86 Mn | 25.29 Mn |
| 10 | Quinstreet | 1.16 Bn | 1.06 Bn | 41.34 Mn | 34.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 869.04 Mn |
| Jun 30, 2026 | 869.04 Mn |
| Mar 31, 2026 | 1.29 Bn |
| Mar 31, 2026 | 1.29 Bn |
| Dec 31, 2025 | 1.31 Bn |
| Dec 31, 2025 | 1.31 Bn |
| Sep 30, 2025 | 1.05 Bn |
| Sep 30, 2025 | 1.05 Bn |
| Jun 30, 2025 | 772.23 Mn |
| Jun 30, 2025 | 772.23 Mn |
| Mar 31, 2025 | 831.71 Mn |
| Mar 31, 2025 | 831.71 Mn |
| Dec 31, 2024 | 701.00 Mn |
| Dec 31, 2024 | 701.00 Mn |
| Sep 30, 2024 | 550.70 Mn |
| Sep 30, 2024 | 550.70 Mn |
| Jun 30, 2024 | 454.53 Mn |
| Jun 30, 2024 | 454.53 Mn |
| Mar 31, 2024 | 392.78 Mn |
| Mar 31, 2024 | 392.78 Mn |