AppLovin APP
NASDAQ APP
$320.56 +6.98 (+2.23%)
At close: Sep 4, 2026 · 4:00 PM EDT

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.

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 4,074.35 Bn 3,645.31 Bn 73.85 Bn
2 AppLovin 107.48 Bn 104.43 Bn 1.70 Bn
3 Trade Desk 6.78 Bn 5.29 Bn 530.72 Mn
4 Magnite 3.46 Bn 3.13 Bn 130.79 Mn
5 DoubleVerify Holdings 2.07 Bn 1.86 Bn 161.31 Mn
6 Digital Turbine 1.28 Bn 1.24 Bn -
7 Quinstreet 1.06 Bn 929.83 Mn 49.81 Mn
8 Taboola.com 972.14 Mn 839.09 Mn 139.48 Mn
9 Mntn 960.26 Mn 722.98 Mn 66.30 Mn
10 Viant Technology 907.77 Mn 920.10 Mn 45.54 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 136.40
Mar 31, 2026 111.02
Dec 31, 2025 206.81
Sep 30, 2025 291.13
Jun 30, 2025 144.72
Mar 31, 2025 155.58
Dec 31, 2024 183.94
Sep 30, 2024 100.84
Jun 30, 2024 89.74
Mar 31, 2024 97.01
Dec 31, 2023 79.01
Sep 30, 2023 124.43
Jun 30, 2023 112.03
Mar 31, 2023 -1,294.22
Dec 31, 2022 -49.51
Sep 30, 2022 306.29
Jun 30, 2022 -590.97
Mar 31, 2022 -179.25
Dec 31, 2021 1,254.16
Sep 30, 2021 152,770.68