AppLovin (APP) Operating Expenses (2020 - 2026)

AppLovin (APP) has reported Operating Expenses for 7 consecutive years, with $429.4 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 42.63% year-over-year to $429.4 million in Q2 2026; TTM through Jun 2026 was $1.5 billion, a 19.24% increase from a year earlier, with the FY2025 full-year figure at $1.3 billion, up 1.2% from the prior year.
• Operating Expenses was $429.4 million for Q2 2026 at AppLovin, up from $402.5 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 $434.0 million and a median of $416.0 million in 2026 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses tumbled 221.67% in 2023 and surged 142.09% in 2024, its largest moves.
• Over 5 years, Operating Expenses stood at $724.7 million in 2022, then plunged by 221.67% to -$881.8 million in 2023, then surged by 142.09% to $371.2 million in 2024, then climbed by 3.11% to $382.7 million in 2025, then increased by 12.2% to $429.4 million in 2026.
• The last three Operating Expenses figures came in at $429.4 million (Q2 2026), $402.5 million (Q1 2026), and $382.7 million (Q4 2025), per Business Quant data.