AppLovin (APP) Return on Equity [ROE] (2021 - 2026)
AppLovin's Return on Equity [ROE] was 155.17% in Q3 2026, down 59.19 percentage points from 214.36% a year earlier and down 4.42 percentage points from the prior quarter.
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Analysis
AppLovin (APP) Return on Equity [ROE] (2021 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at AppLovin came in at 206.78%, up 72.11 percentage points from FY2024.
- Return on Equity [ROE] has now increased for three consecutive years, with a four-year change of +203.21 percentage points (FY2021 to FY2025).
- In earlier years, Return on Equity [ROE] was 134.67% in FY2024 (+112.09 pp), 22.58% in FY2023 (+32.13 pp), -9.55% in FY2022 (-13.12 pp) and 3.57% in FY2021.
- The Q3 2026 figure marks the lowest quarterly Return on Equity [ROE] since Q3 2024.
- Compared with a year earlier, Return on Equity [ROE] has declined for three straight quarters, with an average year-over-year change of +43.70 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q2 2025 (a gain of 173.84 percentage points); the worst was Q2 2026 (a drop of 119.26 percentage points).
- Per Business Quant data, APP's Return on Equity [ROE] in the three quarters before Q3 2026 was 159.59% (Q2 2026), 176.20% (Q1 2026) and 184.77% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,522.13 Bn | 3,257.03 Bn | 76.16 Bn | 35.76% |
| 2 | Meta Platforms | 1,639.39 Bn | 1,303.91 Bn | 51.23 Bn | 28.20% |
| 3 | Netflix | 259.77 Bn | 221.06 Bn | 6.80 Bn | 49.69% |
| 4 | Alibaba Group Holding | 238.46 Bn | 60.53 Bn | 15.16 Bn | 6.20% |
| 5 | Shopify | 188.67 Bn | 173.82 Bn | 1.78 Bn | 16.68% |
| 6 | Uber Technologies | 142.87 Bn | 114.08 Bn | 6.42 Bn | 12.62% |
| 7 | AppLovin | 131.04 Bn | 119.57 Bn | 1.94 Bn | 155.17% |
| 8 | Spotify Technology | 124.73 Bn | 81.65 Bn | 1.89 Bn | 35.30% |
| 9 | Booking Holdings | 119.44 Bn | 53.19 Bn | - | - |
| 10 | PDD Holdings | 113.02 Bn | -131.03 Bn | 9.48 Bn | 21.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 155.17% |
| Jun 30, 2026 | 159.59% |
| Mar 31, 2026 | 176.20% |
| Dec 31, 2025 | 184.77% |
| Sep 30, 2025 | 214.36% |
| Jun 30, 2025 | 278.85% |
| Mar 31, 2025 | 230.60% |
| Dec 31, 2024 | 155.79% |
| Sep 30, 2024 | 131.52% |
| Jun 30, 2024 | 105.02% |
| Mar 31, 2024 | 59.25% |
| Dec 31, 2023 | 30.33% |
| Sep 30, 2023 | 8.03% |
| Jun 30, 2023 | 1.17% |
| Mar 31, 2023 | -4.32% |
| Dec 31, 2022 | -10.20% |
| Sep 30, 2022 | -4.33% |
| Jun 30, 2022 | -5.39% |
| Mar 31, 2022 | -3.34% |
| Dec 31, 2021 | 1.69% |
API Access
AppLovin Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();