Appfolio (APPF) Gross Margin (2014 - 2026)
Appfolio (APPF) posted quarterly Gross Margin of 63.51% for Q2 2026, down 91.0% year-on-year from 705.62% in Q2 2025, and little changed on a QoQ basis from 63.78% in Q1 2026.
Appfolio (APPF) Gross Margin (2014 - 2026) Analysis & Trends
Appfolio (APPF) has reported Gross Margin for 13 consecutive years, with 63.51% the latest figure, recorded in Q2 2026.
- Quarterly Gross Margin fell 91.0% year-over-year to 63.51% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 63.53% (down 40.0% YoY) and the FY2025 annual result came in at 63.68%, down 80.0% from the prior year.
- Gross Margin held at 63.51% in Q2 2026 per APPF's latest filing, from 63.78% in the prior quarter.
- Over the last five years, Gross Margin for APPF reached as high as 65.51% in Q1 2024 and fell as low as 58.7% in Q1 2023.
- A 5-year average of 62.4% and a median of 63.4% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 352 bps — and 2024, when it surged 681 bps.
- Year by year, Gross Margin stood at 59.42% in 2022, then gained by 8 bps to 64.34% in 2023, then declined by 3 bps to 62.59% in 2024, then climbed by 1 bps to 63.52% in 2025, then slipped by 0 bps to 63.51% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 63.51%, 63.78%, and 63.52% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Appfolio | 5.85 Bn | 5.70 Bn | 178.53 Mn | 63.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 63.51% |
| Mar 31, 2026 | 63.78% |
| Dec 31, 2025 | 63.52% |
| Sep 30, 2025 | 63.31% |
| Jun 30, 2025 | 64.42% |
| Mar 31, 2025 | 63.48% |
| Dec 31, 2024 | 62.59% |
| Sep 30, 2024 | 65.18% |
| Jun 30, 2024 | 64.74% |
| Mar 31, 2024 | 65.51% |
| Dec 31, 2023 | 64.34% |
| Sep 30, 2023 | 62.08% |
| Jun 30, 2023 | 60.66% |
| Mar 31, 2023 | 58.70% |
| Dec 31, 2022 | 59.42% |
| Sep 30, 2022 | 59.46% |
| Jun 30, 2022 | 59.62% |
| Mar 31, 2022 | 58.83% |
| Dec 31, 2021 | 59.10% |
| Sep 30, 2021 | 59.58% |