AppLovin (APP) Return on Assets [ROA] (2021 - 2026)
AppLovin (APP) reported Return on Assets [ROA] of 55.20% for Q2 2026, up 13.55 percentage points from 41.65% a year earlier and up 2.25 percentage points from the prior quarter.
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Analysis
AppLovin (APP) Return on Assets [ROA] (2021 - 2026) Analysis & Trends
For FY2025, AppLovin posted Return on Assets [ROA] of 50.79%, up 22.65 percentage points from FY2024.
- Return on Assets [ROA] has increased for three consecutive years, with a four-year change of +49.94 percentage points (FY2021 to FY2025).
- By year, Return on Assets [ROA] came in at 28.14% in FY2024 (+21.77 pp), 6.37% in FY2023 (+9.58 pp), -3.21% in FY2022 (-4.06 pp) and 0.85% in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Return on Assets [ROA] in data going back to Q1 2021.
- Year over year, Return on Assets [ROA] has now increased in each of the last 13 quarters, with an average year-over-year change of +20.92 percentage points over the last eight quarters.
- The high point for year-over-year Return on Assets [ROA] in five years was Q2 2025 (a gain of 25.95 percentage points); the low point was Q4 2022 (a drop of 3.97 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 52.95% (Q1 2026), 49.02% (Q4 2025) and 46.02% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn | 30.04% |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn | 16.11% |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn | 22.85% |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn | 3.57% |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn | 13.49% |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn | 15.38% |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - | 25.12% |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn | 22.73% |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn | 24.85% |
| 10 | AppLovin | 97.38 Bn | 87.41 Bn | 1.70 Bn | 55.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.20% |
| Mar 31, 2026 | 52.95% |
| Dec 31, 2025 | 49.02% |
| Sep 30, 2025 | 46.02% |
| Jun 30, 2025 | 41.65% |
| Mar 31, 2025 | 33.17% |
| Dec 31, 2024 | 27.93% |
| Sep 30, 2024 | 21.52% |
| Jun 30, 2024 | 15.71% |
| Mar 31, 2024 | 11.25% |
| Dec 31, 2023 | 6.88% |
| Sep 30, 2023 | 2.00% |
| Jun 30, 2023 | 0.35% |
| Mar 31, 2023 | -1.40% |
| Dec 31, 2022 | -3.31% |
| Sep 30, 2022 | -1.40% |
| Jun 30, 2022 | -1.74% |
| Mar 31, 2022 | -1.13% |
| Dec 31, 2021 | 0.66% |
| Sep 30, 2021 | -0.33% |
API Access
AppLovin Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();