AppLovin (APP) Gross Margin (2020 - 2026)

AppLovin (APP) has 7 years of Gross Margin data on file, last reported at 96.7% in Q1 2026.

• Gross Margin for Q1 2026 came in at 96.7%, up 183.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 92.73% (down 376.0% YoY), and the FY2025 annual result was 87.86%, down 429.0% from the prior year.
• Gross Margin rose to 96.7% in Q1 2026 per APP's latest filing, from 88.93% in the prior quarter.
• Over five years, Gross Margin peaked at 111.44% in Q4 2024 and troughed at 23.53% in Q4 2022.
• A 5-year average of 77.25% and a median of 75.43% in 2023 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2024: Gross Margin plunged 5481 bps in 2022, then jumped 6290 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 23.53% in 2022, then surged by 106 bps to 48.54% in 2023, then soared by 130 bps to 111.44% in 2024, then decreased by 20 bps to 88.93% in 2025, then grew by 9 bps to 96.7% in 2026.
• Business Quant data shows APP's Gross Margin at 96.7% in Q1 2026, 88.93% in Q4 2025, and 96.54% in Q3 2025.