Appfolio (APPF) Gross Margin (2014 - 2026)
Appfolio (APPF) posted quarterly Gross Margin of 63.51% for Q2 2026, down 91.0% year-over-year from 705.62% in Q2 2025, and little changed quarter-over-quarter from 63.78% in Q1 2026.
Appfolio (APPF) Gross Margin (2014 - 2026) Analysis & Trends
Appfolio's Gross Margin history runs 13 years deep, the most recent figure standing at 63.51% for Q2 2026.
- In Q2 2026, Gross Margin fell 91.0% year-over-year to 63.51%; the TTM figure through Jun 2026 stood at 63.53% (down 40.0% YoY), while the FY2025 annual figure was 63.68%, down 80.0% from the prior year.
- Gross Margin for Q2 2026 stood at 63.51%, 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.
- The 5-year median for Gross Margin is 63.4% (2025), against an average of 62.4%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin sank 352 bps in 2022, then soared 681 bps in 2024.
- Appfolio's Gross Margin stood at 59.42% in 2022, then grew by 8 bps to 64.34% in 2023, then decreased by 3 bps to 62.59% in 2024, then rose by 1 bps to 63.52% in 2025, then fell by 0 bps to 63.51% in 2026.
- Business Quant data shows APPF's Gross Margin at 63.51% in Q2 2026, 63.78% in Q1 2026, and 63.52% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Appfolio | 7.23 Bn | 7.01 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% |