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.
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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 | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 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();