AppLovin (APP) Price to Sales (2021 - 2026)
AppLovin's (APP) quarterly Price to Sales came in at 89.8 in Q2 2026, down 4.69% year-over-year from 94.22 in Q2 2025, and up 23.62% quarter-over-quarter from 72.65 in Q1 2026.
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Analysis
AppLovin (APP) Price to Sales (2021 - 2026) Analysis & Trends
AppLovin (APP) has reported Price to Sales for 6 consecutive years, with 89.8 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Sales fell 4.69% year-over-year to 89.8 in Q2 2026; TTM through Jun 2026 was 25.3, a 9.3% decrease from a year earlier, with the FY2025 full-year figure at 41.59, up 21.78% from the prior year.
- Price to Sales was 89.8 for Q2 2026 at AppLovin, up from 72.65 in the prior quarter.
- Over five years, Price to Sales peaked at 173.13 in Q3 2025 and troughed at 27.75 in Q4 2023.
- A 5-year average of 52.29 and a median of 36.08 in 2022 frame the typical range for Price to Sales.
- Across the five-year window, Price to Sales sank 595.06% in 2023 and surged 497.0% in 2024, its largest moves.
- Over 5 years, Price to Sales stood at 5.61 in 2022, then slumped by 595.06% to 27.75 in 2023, then soared by 497.0% to 110.17 in 2024, then climbed by 24.8% to 137.5 in 2025, then slumped by 34.69% to 89.8 in 2026.
- The last three Price to Sales figures came in at 89.8 (Q2 2026), 72.65 (Q1 2026), and 137.5 (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 | 25.30 |
| Mar 31, 2026 | 21.71 |
| Dec 31, 2025 | 41.59 |
| Sep 30, 2025 | 50.44 |
| Jun 30, 2025 | 27.89 |
| Mar 31, 2025 | 24.20 |
| Dec 31, 2024 | 30.56 |
| Sep 30, 2024 | 20.70 |
| Jun 30, 2024 | 12.96 |
| Mar 31, 2024 | 10.42 |
| Dec 31, 2023 | 7.35 |
| Sep 30, 2023 | 4.43 |
| Jun 30, 2023 | 3.11 |
| Mar 31, 2023 | 2.01 |
| Dec 31, 2022 | 1.40 |
| Sep 30, 2022 | 2.49 |
| Jun 30, 2022 | 4.40 |
| Mar 31, 2022 | 7.34 |
| Dec 31, 2021 | 12.66 |
| Sep 30, 2021 | 10.78 |
API Access
AppLovin Price to Sales 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-sales&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();