Appfolio (APPF) Gross Margin (2014 - 2026)
Appfolio (APPF) recorded quarterly Gross Margin of 85.7% in Q1 2026, up 2.24% quarter-over-quarter from 83.82% in Q4 2025, and up 2222.0% on a YoY basis from 3.69% in Q1 2025.
Appfolio (APPF) Gross Margin (2014 - 2026) Analysis & Trends
Appfolio's Gross Margin history runs 13 years deep, the most recent figure standing at 85.7% for Q1 2026.
- In Q1 2026, Gross Margin rose 2222.0% year-over-year to 85.7%; the TTM figure through Mar 2026 stood at 84.89% (up 3091.0% YoY), while the FY2025 annual figure was 84.87%, up 2038.0% from the prior year.
- Gross Margin was 85.7% for Q1 2026 at Appfolio, up from 83.82% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 87.65% in Q3 2024 to a low of 0.61% in Q4 2024.
- Historically, Gross Margin has averaged 63.18% across 5 years, with a median of 76.33% in 2022.
- The sharpest annual moves came in 2022 and 2025: Gross Margin tumbled 12521 bps in 2022, then surged 8443 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 7.89% in 2022, then surged by 46 bps to 11.56% in 2023, then slumped by 105 bps to 0.61% in 2024, then soared by 13845 bps to 83.82% in 2025, then increased by 2 bps to 85.7% in 2026.
- The last three Gross Margin figures came in at 85.7% (Q1 2026), 83.82% (Q4 2025), and 85.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Appfolio | 5.66 Bn | 5.50 Bn | 224.71 Mn | 85.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.70% |
| Dec 31, 2025 | 83.82% |
| Sep 30, 2025 | 85.60% |
| Jun 30, 2025 | 84.39% |
| Mar 31, 2025 | 63.48% |
| Dec 31, 2024 | -0.61% |
| Sep 30, 2024 | 87.65% |
| Jun 30, 2024 | 64.74% |
| Mar 31, 2024 | 65.51% |
| Dec 31, 2023 | 11.56% |
| Sep 30, 2023 | 82.05% |
| Jun 30, 2023 | 60.66% |
| Mar 31, 2023 | 58.70% |
| Dec 31, 2022 | 7.89% |
| Sep 30, 2022 | 79.50% |
| Jun 30, 2022 | 77.02% |
| Mar 31, 2022 | 76.33% |
| Dec 31, 2021 | 133.10% |
| Sep 30, 2021 | 79.79% |
| Jun 30, 2021 | 63.14% |