AppLovin (APP) Market Capitalization (2021 - 2026)
AppLovin's (APP) quarterly Market Capitalization came in at $172.8 billion in Q2 2026, up 45.66% year-over-year from $118.6 billion in Q2 2025, and up 29.07% quarter-over-quarter from $133.8 billion in Q1 2026.
Analysis
AppLovin (APP) Market Capitalization (2021 - 2026) Analysis & Trends
AppLovin (APP) has reported Market Capitalization for 6 consecutive years, with $172.8 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Market Capitalization rose 45.66% year-over-year to $172.8 billion in Q2 2026; TTM through Jun 2026 was $172.8 billion, a 45.66% increase from a year earlier, with the FY2025 full-year figure at $228.0 billion, up 107.02% from the prior year.
- Market Capitalization was $172.8 billion for Q2 2026 at AppLovin, up from $133.8 billion in the prior quarter.
- Over five years, Market Capitalization peaked at $243.2 billion in Q3 2025 and troughed at $3.9 billion in Q4 2022.
- A 5-year average of $70.9 billion and a median of $25.3 billion in 2024 frame the typical range for Market Capitalization.
- Across the five-year window, Market Capitalization slumped 88.86% in 2022 and jumped 712.99% in 2024, its largest moves.
- Over 5 years, Market Capitalization stood at $3.9 billion in 2022, then surged by 244.04% to $13.5 billion in 2023, then jumped by 712.99% to $110.1 billion in 2024, then surged by 107.02% to $228.0 billion in 2025, then retreated by 24.22% to $172.8 billion in 2026.
- The last three Market Capitalization figures came in at $172.8 billion (Q2 2026), $133.8 billion (Q1 2026), and $228.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,074.35 Bn | 3,645.31 Bn | 73.85 Bn |
| 2 | AppLovin | 107.48 Bn | 104.43 Bn | 1.70 Bn |
| 3 | Trade Desk | 6.78 Bn | 5.29 Bn | 530.72 Mn |
| 4 | Magnite | 3.46 Bn | 3.13 Bn | 130.79 Mn |
| 5 | DoubleVerify Holdings | 2.07 Bn | 1.86 Bn | 161.31 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - |
| 7 | Quinstreet | 1.06 Bn | 929.83 Mn | 49.81 Mn |
| 8 | Taboola.com | 972.14 Mn | 839.09 Mn | 139.48 Mn |
| 9 | Mntn | 960.26 Mn | 722.98 Mn | 66.30 Mn |
| 10 | Viant Technology | 907.77 Mn | 920.10 Mn | 45.54 Mn |
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 |