AppLovin (APP) Price to Earnings (2021 - 2026)
AppLovin's (APP) quarterly Price to Earnings came in at 136.4 in Q2 2026, down 5.75% year-over-year from 144.72 in Q2 2025, and up 22.86% quarter-over-quarter from 111.02 in Q1 2026.
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Analysis
AppLovin (APP) Price to Earnings (2021 - 2026) Analysis & Trends
AppLovin (APP) has reported Price to Earnings for 6 consecutive years, with 136.4 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Earnings fell 5.75% year-over-year to 136.4 in Q2 2026; TTM through Jun 2026 was 39.17, a 19.78% decrease from a year earlier, with the FY2025 full-year figure at 68.38, down 2.07% from the prior year.
- Price to Earnings was 136.4 for Q2 2026 at AppLovin, up from 111.02 in the prior quarter.
- Over five years, Price to Earnings peaked at 306.29 in Q3 2022 and troughed at 1294.22 in Q1 2023.
- A 5-year average of 1.39 and a median of 111.52 in 2026 frame the typical range for Price to Earnings.
- The widest YoY moves for Price to Earnings: up 259.57% in 2023, down 622.03% in 2023.
- Over 5 years, Price to Earnings stood at 49.51 in 2022, then soared by 259.57% to 79.01 in 2023, then surged by 132.8% to 183.94 in 2024, then gained by 12.44% to 206.81 in 2025, then tumbled by 34.05% to 136.4 in 2026.
- The last three Price to Earnings figures came in at 136.4 (Q2 2026), 111.02 (Q1 2026), and 206.81 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,144.46 Bn | 3,901.99 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,981.30 Bn | 1,683.82 Bn | 49.47 Bn |
| 3 | Netflix | 296.22 Bn | 256.42 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 254.92 Bn | 72.79 Bn | 15.11 Bn |
| 5 | Shopify | 184.25 Bn | 161.43 Bn | 1.71 Bn |
| 6 | Uber Technologies | 142.00 Bn | 113.98 Bn | 6.38 Bn |
| 7 | Booking Holdings | 123.19 Bn | 56.24 Bn | - |
| 8 | PDD Holdings | 110.41 Bn | -141.52 Bn | 9.45 Bn |
| 9 | Spotify Technology | 104.89 Bn | 62.12 Bn | 1.86 Bn |
| 10 | AppLovin | 104.19 Bn | 94.23 Bn | 1.70 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.17 |
| Mar 31, 2026 | 33.77 |
| Dec 31, 2025 | 68.38 |
| Sep 30, 2025 | 85.95 |
| Jun 30, 2025 | 48.83 |
| Mar 31, 2025 | 46.72 |
| Dec 31, 2024 | 69.80 |
| Sep 30, 2024 | 38.07 |
| Jun 30, 2024 | 33.75 |
| Mar 31, 2024 | 38.32 |
| Dec 31, 2023 | 38.17 |
| Sep 30, 2023 | 129.16 |
| Jun 30, 2023 | 455.86 |
| Dec 31, 2021 | 1,127.96 |
API Access
AppLovin Price to Earnings 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=price-to-earnings&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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=price-to-earnings&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();