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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |