AppLovin (APP) Return on Equity [ROE] (2021 - 2026)
AppLovin's Return on Equity [ROE] was 159.59% in Q2 2026, down 119.26 percentage points from 278.85% a year earlier and down 16.61 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 Q2 2026 figure marks the lowest quarterly Return on Equity [ROE] since Q4 2024.
- Compared with a year earlier, Return on Equity [ROE] was higher in six of the last eight quarters, with an average year-over-year change of +66.54 percentage points.
- 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 Q2 2026 was 176.20% (Q1 2026), 184.77% (Q4 2025) and 214.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,109.95 Bn | 3,867.48 Bn | 73.85 Bn | 43.64% |
| 2 | Netflix | 282.52 Bn | 242.72 Bn | 6.52 Bn | 44.55% |
| 3 | Alibaba Group Holding | 249.53 Bn | 67.40 Bn | 15.11 Bn | 6.21% |
| 4 | Shopify | 193.10 Bn | 170.29 Bn | 1.71 Bn | 15.31% |
| 5 | Uber Technologies | 138.52 Bn | 110.49 Bn | 6.38 Bn | 35.90% |
| 6 | Booking Holdings | 120.43 Bn | 53.48 Bn | - | - |
| 7 | PDD Holdings | 108.89 Bn | -143.04 Bn | 9.45 Bn | 33.94% |
| 8 | Spotify Technology | 101.14 Bn | 58.37 Bn | 1.86 Bn | 40.74% |
| 9 | Airbnb | 94.68 Bn | 47.91 Bn | 2.98 Bn | 34.87% |
| 10 | AppLovin | 94.32 Bn | 84.35 Bn | 1.70 Bn | 159.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | -0.74% |
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();