AppLovin (APP) Interest Coverage Ratio (2020 - 2026)
AppLovin's Interest Coverage Ratio came in at 33.47 for Q3 2026, up 59.5% from 20.98 a year earlier and up 14.6% from the prior quarter.
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Analysis
AppLovin (APP) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, AppLovin reported Interest Coverage Ratio of 28.92, up 106.0% year-over-year; for FY2025, it was 20.06, up 232.9% from FY2024.
- Going back by year, Interest Coverage Ratio was 6.02 in FY2024 (+113.3%), 2.82 in FY2023, -0.28 in FY2022 and 1.45 in FY2021.
- The Q3 2026 figure represents the highest quarterly Interest Coverage Ratio in data going back to Q1 2020.
- Year-over-year, Interest Coverage Ratio has increased for 11 consecutive quarters, with growth averaging 148.1% over the last eight quarters.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q1 2024 (growth of 458.7%), and the weakest in Q3 2022 (a decline of 57.8%).
- Business Quant data shows APP's Interest Coverage Ratio at 29.21 (Q2 2026), 28.15 (Q1 2026) and 24.86 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,555.16 Bn | 3,290.06 Bn | 76.16 Bn | - |
| 2 | Meta Platforms | 1,645.02 Bn | 1,309.54 Bn | 51.23 Bn | - |
| 3 | Netflix | 259.98 Bn | 221.27 Bn | 6.80 Bn | 24.14 |
| 4 | Alibaba Group Holding | 242.36 Bn | 241.21 Bn | - | - |
| 5 | Shopify | 192.37 Bn | 171.18 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 142.90 Bn | 113.72 Bn | 6.42 Bn | 9.52 |
| 7 | AppLovin | 130.75 Bn | 119.27 Bn | 1.94 Bn | 33.47 |
| 8 | Spotify Technology | 122.74 Bn | 105.49 Bn | - | - |
| 9 | Booking Holdings | 122.04 Bn | 55.79 Bn | - | 10.99 |
| 10 | PDD Holdings | 111.67 Bn | 111.67 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.47 |
| Jun 30, 2026 | 29.21 |
| Mar 31, 2026 | 28.15 |
| Dec 31, 2025 | 24.86 |
| Sep 30, 2025 | 20.98 |
| Jun 30, 2025 | 18.63 |
| Mar 31, 2025 | 15.88 |
| Dec 31, 2024 | 6.69 |
| Sep 30, 2024 | 7.13 |
| Jun 30, 2024 | 5.17 |
| Mar 31, 2024 | 4.58 |
| Dec 31, 2023 | 5.67 |
| Sep 30, 2023 | 2.37 |
| Jun 30, 2023 | 2.58 |
| Mar 31, 2023 | 0.82 |
| Dec 31, 2022 | -0.41 |
| Sep 30, 2022 | 1.01 |
| Jun 30, 2022 | 1.46 |
| Mar 31, 2022 | -4.00 |
| Dec 31, 2021 | 1.93 |
API Access
AppLovin Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "APP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();