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

AppLovin (APP) Price to FCF (2021 - 2026)

AppLovin's (APP) quarterly Price to FCF came in at 198.78 in Q2 2026, up 29.43% year-over-year from 153.58 in Q2 2025, and up 91.8% quarter-over-quarter from 103.64 in Q1 2026.

Analysis

AppLovin (APP) Price to FCF (2021 - 2026) Analysis & Trends

AppLovin (APP) has reported Price to FCF for 6 consecutive years, with 198.78 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Price to FCF rose 29.43% year-over-year to 198.78 in Q2 2026; TTM through Jun 2026 was 38.16, a 8.13% decrease from a year earlier, with the FY2025 full-year figure at 57.41, changed 0.45% from the prior year.
  • Price to FCF was 198.78 for Q2 2026 at AppLovin, up from 103.64 in the prior quarter.
  • Over five years, Price to FCF peaked at 230.91 in Q3 2025 and troughed at 619.2 in Q1 2022.
  • A 5-year average of 61.53 and a median of 85.93 in 2023 frame the typical range for Price to FCF.
  • Across the five-year window, Price to FCF slumped 96.14% in 2022 and soared 225.29% in 2024, its largest moves.
  • Over 5 years, Price to FCF stood at 43.52 in 2022, then advanced by 10.97% to 48.29 in 2023, then soared by 225.29% to 157.08 in 2024, then grew by 10.47% to 173.52 in 2025, then rose by 14.56% to 198.78 in 2026.
  • The last three Price to FCF figures came in at 198.78 (Q2 2026), 103.64 (Q1 2026), and 173.52 (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 198.78
Mar 31, 2026 103.64
Dec 31, 2025 173.52
Sep 30, 2025 230.91
Jun 30, 2025 153.58
Mar 31, 2025 107.80
Dec 31, 2024 157.08
Sep 30, 2024 79.53
Jun 30, 2024 61.18
Mar 31, 2024 57.97
Dec 31, 2023 48.29
Sep 30, 2023 92.33
Jun 30, 2023 39.42
Mar 31, 2023 20.41
Dec 31, 2022 43.52
Sep 30, 2022 43.42
Jun 30, 2022 115.27
Mar 31, 2022 -619.20
Dec 31, 2021 1,127.85
Sep 30, 2021 212.88