AppLovin (APP) Market Capitalization (2021 - 2026)
AppLovin (APP) recorded Market Capitalization of $172.75 billion in Q2 2026, up 45.7% from $118.6 billion a year earlier and up 29.1% from the prior quarter.
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Analysis
AppLovin (APP) Market Capitalization (2021 - 2026) Analysis & Trends
For FY2025, AppLovin reported Market Capitalization of $227.96 billion, up 107.0% from FY2024.
- Annual Market Capitalization has increased for three straight years, with a four-year compound annual growth rate of 59.3% (FY2021 to FY2025).
- Across earlier years, Market Capitalization came in at $110.12 billion in FY2024 (+713.0%), $13.54 billion in FY2023 (+244.0%), $3.94 billion in FY2022 (-88.9%) and $35.36 billion in FY2021.
- Quarterly Market Capitalization has ranged from $3.94 billion in Q4 2022 to $243.25 billion in Q3 2025 over the past five years.
- On a year-over-year basis, Market Capitalization has increased for 12 consecutive quarters, with growth averaging 277.1% over the last eight quarters.
- Peak year-over-year performance for Market Capitalization in the last five years was growth of 713.0% in Q4 2024, against a decline of 88.9% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $133.85 billion (Q1 2026), $227.96 billion (Q4 2025) and $243.25 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,071.44 Bn | 3,828.96 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,777.07 Bn | 1,479.59 Bn | 49.47 Bn |
| 3 | Netflix | 272.74 Bn | 232.94 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 242.17 Bn | 55.95 Bn | 15.11 Bn |
| 5 | Shopify | 225.98 Bn | 203.16 Bn | 1.71 Bn |
| 6 | Uber Technologies | 137.80 Bn | 109.60 Bn | 6.38 Bn |
| 7 | Booking Holdings | 121.57 Bn | 54.62 Bn | - |
| 8 | PDD Holdings | 110.14 Bn | -133.64 Bn | 9.45 Bn |
| 9 | Spotify Technology | 107.49 Bn | 64.99 Bn | 1.86 Bn |
| 10 | AppLovin | 90.01 Bn | 80.05 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 172.75 Bn |
| Mar 31, 2026 | 133.85 Bn |
| Dec 31, 2025 | 227.96 Bn |
| Sep 30, 2025 | 243.25 Bn |
| Jun 30, 2025 | 118.60 Bn |
| Mar 31, 2025 | 89.66 Bn |
| Dec 31, 2024 | 110.12 Bn |
| Sep 30, 2024 | 43.80 Bn |
| Jun 30, 2024 | 27.81 Bn |
| Mar 31, 2024 | 22.77 Bn |
| Dec 31, 2023 | 13.54 Bn |
| Sep 30, 2023 | 13.42 Bn |
| Jun 30, 2023 | 8.97 Bn |
| Mar 31, 2023 | 5.85 Bn |
| Dec 31, 2022 | 3.94 Bn |
| Sep 30, 2022 | 7.24 Bn |
| Jun 30, 2022 | 12.85 Bn |
| Mar 31, 2022 | 20.67 Bn |
| Dec 31, 2021 | 35.36 Bn |
| Sep 30, 2021 | 27.04 Bn |
API Access
AppLovin Market Capitalization 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=market-capitalization&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();