AppLovin (APP) Price to Sales (2021 - 2026)
AppLovin's Price to Sales was 12.65 in Q3 2026, down 74.9% from 50.44 a year earlier and down 50.0% from the prior quarter.
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Analysis
AppLovin (APP) Price to Sales (2021 - 2026) Analysis & Trends
For FY2025, Price to Sales at AppLovin came in at 41.59, up 21.8% from FY2024.
- Price to Sales has now increased for three consecutive years.
- In earlier years, Price to Sales was 34.15 in FY2024 (+364.4%), 7.35 in FY2023 (+426.2%), 1.40 in FY2022 (-89.0%) and 12.66 in FY2021.
- The Q3 2026 figure marks the lowest quarterly Price to Sales since Q1 2024.
- Compared with a year earlier, Price to Sales has declined for three straight quarters, with growth averaging 81.0% over the last eight quarters.
- The best year-over-year quarter for Price to Sales over five years was Q4 2023 (growth of 426.2%); the worst was Q4 2022 (a decline of 89.0%).
- Per Business Quant data, APP's Price to Sales in the three quarters before Q3 2026 was 25.30 (Q2 2026), 21.71 (Q1 2026) and 41.59 (Q4 2025).
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 | 12.65 |
| 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 |
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();