AppLovin (APP) Price to Sales (2021 - 2026)
AppLovin's Price to Sales was 25.30 in Q2 2026, down 9.3% from 27.89 a year earlier but up 16.5% 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.
- Quarterly Price to Sales has moved between 1.40 (Q4 2022) and 50.44 (Q3 2025) over five years.
- Compared with a year earlier, Price to Sales was higher in six of the last eight quarters, with growth averaging 136.3%.
- 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 Q2 2026 was 21.71 (Q1 2026), 41.59 (Q4 2025) and 50.44 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,939.60 Bn | 3,697.12 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,653.27 Bn | 1,355.79 Bn | 49.47 Bn |
| 3 | Netflix | 275.33 Bn | 236.63 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 236.23 Bn | 58.44 Bn | 15.11 Bn |
| 5 | Shopify | 218.65 Bn | 195.83 Bn | 1.71 Bn |
| 6 | Uber Technologies | 140.84 Bn | 112.82 Bn | 6.38 Bn |
| 7 | Booking Holdings | 121.05 Bn | 54.10 Bn | - |
| 8 | Spotify Technology | 120.09 Bn | 77.01 Bn | 1.89 Bn |
| 9 | PDD Holdings | 112.69 Bn | -131.09 Bn | 9.45 Bn |
| 10 | AppLovin | 88.61 Bn | 78.64 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();