AppLovin (APP) Operating Expenses (2020 - 2026)

AppLovin (APP) has 7 years of Operating Expenses data on file, last reported at $402.5 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $402.5 million, up 26.18% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 7.19% YoY), and the FY2025 annual result was $1.3 billion, up 1.2% from the prior year.
• Operating Expenses grew to $402.5 million in Q1 2026 per APP's latest filing, from $382.7 million in the prior quarter.
• Over five years, Operating Expenses peaked at $753.4 million in Q1 2022 and troughed at -$881.8 million in Q4 2023.
• A 5-year average of $434.3 million and a median of $402.5 million in 2026 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 221.67% in 2023, then soared 142.09% in 2024.
• A 5-year view of Operating Expenses shows it stood at $724.7 million in 2022, then tumbled by 221.67% to -$881.8 million in 2023, then soared by 142.09% to $371.2 million in 2024, then grew by 3.11% to $382.7 million in 2025, then grew by 5.18% to $402.5 million in 2026.
• Business Quant data shows APP's Operating Expenses at $402.5 million in Q1 2026, $382.7 million in Q4 2025, and $326.0 million in Q3 2025.