Appfolio (APPF) Gross Margin (2014 - 2026)
Appfolio (APPF) posted Gross Margin of 63.51% for Q2 2026, little changed on a QoQ basis from 63.78% in Q1 2026, and down 91.0% year-over-year from 705.62% in Q2 2025.
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Analysis
Appfolio (APPF) Gross Margin (2014 - 2026) Analysis & Trends
Appfolio has reported Gross Margin for 13 years, with the latest figure at 63.51% in Q2 2026.
- On a quarterly basis, Gross Margin fell 91.0% year-over-year to 63.51% in Q2 2026; TTM through Jun 2026 was 63.53%, a 40.0% decrease from a year earlier, with the FY2025 full-year figure at 63.68%, down 80.0% from the prior year.
- Gross Margin was 63.51% for Q2 2026 at Appfolio, roughly flat from 63.78% in the prior quarter.
- The five-year high for Gross Margin was 65.51% in Q1 2024, with the low at 58.7% in Q1 2023.
- Average Gross Margin over 5 years is 62.4%, with a median of 63.4% recorded in 2025.
- The sharpest annual moves came in 2022 and 2024: Gross Margin sank 352 bps in 2022, then surged 681 bps in 2024.
- Over 5 years, Gross Margin stood at 59.42% in 2022, then rose by 8 bps to 64.34% in 2023, then dropped by 3 bps to 62.59% in 2024, then advanced by 1 bps to 63.52% in 2025, then decreased by 0 bps to 63.51% in 2026.
- The last three Gross Margin figures came in at 63.51% (Q2 2026), 63.78% (Q1 2026), and 63.52% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Costar | 12.52 Bn | 11.27 Bn | 728.00 Mn | 78.70% |
| 2 | Zillow | 7.78 Bn | 7.10 Bn | 562.00 Mn | 72.80% |
| 3 | Appfolio | 7.58 Bn | 7.36 Bn | 178.53 Mn | 63.51% |
| 4 | Fangdd Network | 3.79 Bn | 3.69 Bn | - | - |
| 5 | SmartRent | 256.76 Mn | 164.10 Mn | 16.22 Mn | 40.71% |
| 6 | DeFi Development | 179.51 Mn | 173.23 Mn | 3.29 Mn | 99.37% |
| 7 | 3 E Network Technology | 619,891.97 | -278,983.03 | - | - |
Historic Data
Download Data
Historic 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% |