AppLovin (APP) Price to Earnings (2021 - 2026)
AppLovin's Price to Earnings came in at 19.19 for Q3 2026, down 77.7% from 85.95 a year earlier and down 51.0% from the prior quarter.
Powered by 
Analysis
AppLovin (APP) Price to Earnings (2021 - 2026) Analysis & Trends
For FY2025, AppLovin's Price to Earnings was 68.38, down 2.1% from FY2024.
- Going back by year, Price to Earnings was 69.82 in FY2024 (+83.0%), 38.15 in FY2023 and 1109.07 in FY2021.
- The Q3 2026 figure represents the lowest quarterly Price to Earnings in data going back to Q4 2021.
- Year-over-year, Price to Earnings has declined for four consecutive quarters, with growth averaging 18.5% over the last eight quarters.
- The fastest year-over-year change in Price to Earnings over five years came in Q3 2025 (growth of 125.8%), and the weakest in Q2 2024 (a decline of 92.6%).
- Business Quant data shows APP's Price to Earnings at 39.17 (Q2 2026), 33.77 (Q1 2026) and 68.38 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,522.13 Bn | 3,257.03 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,639.39 Bn | 1,303.91 Bn | 51.23 Bn |
| 3 | Netflix | 259.77 Bn | 221.06 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 238.46 Bn | 60.53 Bn | 15.16 Bn |
| 5 | Shopify | 188.67 Bn | 173.82 Bn | 1.78 Bn |
| 6 | Uber Technologies | 142.87 Bn | 114.08 Bn | 6.42 Bn |
| 7 | AppLovin | 131.04 Bn | 119.57 Bn | 1.94 Bn |
| 8 | Spotify Technology | 124.73 Bn | 81.65 Bn | 1.89 Bn |
| 9 | Booking Holdings | 119.44 Bn | 53.19 Bn | - |
| 10 | PDD Holdings | 113.02 Bn | -131.03 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.19 |
| 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();