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.
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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 | 4,144.46 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 | 38.16 |
| Mar 31, 2026 | 30.21 |
| Dec 31, 2025 | 57.41 |
| Sep 30, 2025 | 72.43 |
| Jun 30, 2025 | 41.53 |
| Mar 31, 2025 | 35.33 |
| Dec 31, 2024 | 52.46 |
| Sep 30, 2024 | 25.15 |
| Jun 30, 2024 | 20.01 |
| Mar 31, 2024 | 19.61 |
| Dec 31, 2023 | 12.81 |
| Sep 30, 2023 | 15.31 |
| Jun 30, 2023 | 10.52 |
| Mar 31, 2023 | 7.98 |
| Dec 31, 2022 | 9.55 |
| Sep 30, 2022 | 21.72 |
| Jun 30, 2022 | 45.33 |
| Mar 31, 2022 | 77.47 |
| Dec 31, 2021 | 98.09 |
| Sep 30, 2021 | 71.99 |
API Access
AppLovin Price to FCF 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-fcf&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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-fcf&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();