AppLovin (APP) Operating Income (2020 - 2026)
AppLovin's Operating Income came in at $1.71 billion for Q3 2026, up 58.4% from $1.08 billion a year earlier and up 14.4% from the prior quarter.
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Analysis
AppLovin (APP) Operating Income (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, AppLovin reported Operating Income of $5.92 billion, up 68.9% year-over-year; for FY2025, it came in at $4.15 billion, up 117.3% from FY2024.
- Going back by year, Operating Income was $1.91 billion in FY2024 (+147.4%), $772.41 million in FY2023, -$47.79 million in FY2022 and $150.02 million in FY2021.
- The Q3 2026 figure represents the highest quarterly Operating Income in data going back to Q1 2020.
- Year-over-year, Operating Income has increased for 11 consecutive quarters, with growth averaging 93.4% over the last eight quarters.
- Across the past five years, year-over-year growth in Operating Income ran from 9.4% in Q3 2022 to 456.2% in Q1 2024.
- Business Quant data shows APP's Operating Income at $1.49 billion (Q2 2026), $1.44 billion (Q1 2026) and $1.28 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,555.16 Bn | 3,290.06 Bn | 76.16 Bn | 40.58 Bn |
| 2 | Meta Platforms | 1,645.02 Bn | 1,309.54 Bn | 51.23 Bn | 12.99 Bn |
| 3 | Netflix | 259.98 Bn | 221.27 Bn | 6.80 Bn | 4.46 Bn |
| 4 | Alibaba Group Holding | 242.36 Bn | 241.21 Bn | - | - |
| 5 | Shopify | 192.37 Bn | 171.18 Bn | 1.78 Bn | 568.00 Mn |
| 6 | Uber Technologies | 142.90 Bn | 113.72 Bn | 6.42 Bn | 1.45 Bn |
| 7 | AppLovin | 130.75 Bn | 119.27 Bn | 1.94 Bn | 1.71 Bn |
| 8 | Spotify Technology | 122.74 Bn | 105.49 Bn | - | - |
| 9 | Booking Holdings | 122.04 Bn | 55.79 Bn | - | 3.42 Bn |
| 10 | PDD Holdings | 111.67 Bn | 111.67 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.71 Bn |
| Jun 30, 2026 | 1.49 Bn |
| Mar 31, 2026 | 1.44 Bn |
| Dec 31, 2025 | 1.28 Bn |
| Sep 30, 2025 | 1.08 Bn |
| Jun 30, 2025 | 957.68 Mn |
| Mar 31, 2025 | 839.98 Mn |
| Dec 31, 2024 | 628.33 Mn |
| Sep 30, 2024 | 534.30 Mn |
| Jun 30, 2024 | 384.42 Mn |
| Mar 31, 2024 | 339.56 Mn |
| Dec 31, 2023 | 393.72 Mn |
| Sep 30, 2023 | 186.32 Mn |
| Jun 30, 2023 | 131.33 Mn |
| Mar 31, 2023 | 61.05 Mn |
| Dec 31, 2022 | -22.43 Mn |
| Sep 30, 2022 | 49.27 Mn |
| Jun 30, 2022 | 53.36 Mn |
| Mar 31, 2022 | -127.99 Mn |
| Dec 31, 2021 | 58.53 Mn |
API Access
AppLovin Operating Income 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=operating-income&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();