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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

AppLovin (APP) Operating Margin (2020 - 2025)

AppLovin (APP) has disclosed Operating Margin for 6 consecutive years, with 76.8% as the latest value for Q3 2025.

  • On a quarterly basis, Operating Margin rose 1282.0% to 76.8% in Q3 2025 year-over-year; TTM through Sep 2025 was 84.86%, a 1236.0% increase, with the full-year FY2024 number at 58.11%, up 2291.0% from a year prior.
  • Operating Margin was 76.8% for Q3 2025 at AppLovin, down from 85.33% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 85.33% in Q2 2025 to a low of 540.85% in Q4 2024.
  • A 5-year average of 9.46% and a median of 7.38% in 2021 define the central range for Operating Margin.
  • Biggest YoY gain for Operating Margin was 4242bps in 2024; the steepest drop was -48563bps in 2024.
  • AppLovin's Operating Margin stood at 7.38% in 2021, then crashed by -143bps to 3.19% in 2022, then plummeted by -1629bps to 55.22% in 2023, then tumbled by -879bps to 540.85% in 2024, then surged by 114bps to 76.8% in 2025.
  • Per Business Quant, the three most recent readings for APP's Operating Margin are 76.8% (Q3 2025), 85.33% (Q2 2025), and 44.71% (Q1 2025).