AppLovin (APP) Free Cash Flow (2020 - 2026)
AppLovin's (APP) quarterly Free Cash Flow came in at $1.3 billion in Q1 2026, up 55.27% year-on-year from $831.7 million in Q1 2025, and down 1.7% on a QoQ basis from $1.3 billion in Q4 2025.
AppLovin (APP) Free Cash Flow (2020 - 2026) Analysis & Trends
AppLovin (APP) has 7 years of Free Cash Flow data on file, last reported at $1.3 billion in Q1 2026.
- On a quarterly basis, Free Cash Flow rose 55.27% year-over-year to $1.3 billion in Q1 2026; TTM through Mar 2026 was $4.4 billion, a 74.58% increase from a year earlier, with the FY2025 full-year figure at $4.0 billion, up 89.62% from the prior year.
- Free Cash Flow for Q1 2026 stood at $1.3 billion, down from $1.3 billion in the prior quarter.
- Over the last five years, Free Cash Flow for APP reached as high as $1.3 billion in Q4 2025 and fell as low as -$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.
- Across the five-year window, Free Cash Flow slumped 149.53% in 2022 and jumped 1035.75% in 2023, its largest moves.
- Year by year, Free Cash Flow stood at $86.5 million in 2022, then jumped by 297.5% to $343.7 million in 2023, then soared by 103.93% to $701.0 million in 2024, then jumped by 87.41% to $1.3 billion in 2025, then decreased by 1.7% to $1.3 billion in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were $1.3 billion in Q1 2026, $1.3 billion in Q4 2025, and $1.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 134.57 Bn | 131.82 Bn | 1.64 Bn | 1.29 Bn |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - | - |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn | -614.40 Mn |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn | 381.62 Mn |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn | -124.49 Mn |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn | -3.17 Mn |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn | -37.15 Mn |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn | -6.37 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn | -12.77 Mn |
| 10 | Criteo | 1.05 Bn | 737.13 Mn | 222.74 Mn | 15.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 343.74 Mn |
| Dec 31, 2023 | 343.74 Mn |