AppLovin (APP) Operating Margin (2020 - 2026)

AppLovin (APP) has 7 years of Operating Margin data on file, last reported at 78.15% in Q1 2026.

• Operating Margin for Q1 2026 came in at 78.15%, up 568.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 77.09% (up 1265.0% YoY), and the FY2025 annual result was 75.75%, up 1648.0% from the prior year.
• Operating Margin improved to 78.15% in Q1 2026 per APP's latest filing, from 76.92% in the prior quarter.
• Over five years, Operating Margin peaked at 78.15% in Q1 2026 and troughed at 80.67% in Q4 2023.
• A 5-year average of 32.38% and a median of 32.09% in 2024 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 7748 bps in 2023, then surged 14353 bps in 2024.
• A 5-year view of Operating Margin shows it stood at 3.19% in 2022, then slumped by 2426 bps to 80.67% in 2023, then surged by 178 bps to 62.87% in 2024, then advanced by 22 bps to 76.92% in 2025, then climbed by 2 bps to 78.15% in 2026.
• Business Quant data shows APP's Operating Margin at 78.15% in Q1 2026, 76.92% in Q4 2025, and 76.8% in Q3 2025.