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
DateValue
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