Appfolio (APPF) Gross Margin (2014 - 2026)
Appfolio's Gross Margin was 64.29% in Q3 2026, up 0.98 percentage points from 63.31% a year earlier and up 0.79 percentage points from the prior quarter.
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Analysis
Appfolio (APPF) Gross Margin (2014 - 2026) Analysis & Trends
On a trailing twelve-month basis, Appfolio's Gross Margin was 63.79% through Sep 30, 2026, up 0.31 percentage points year-over-year; for FY2025, it was 63.68%, down 0.80 percentage points from FY2024.
- Gross Margin shows a five-year change of +2.07 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 64.48% in FY2024 (+2.86 pp), 61.63% in FY2023 (+2.28 pp), 59.35% in FY2022 (-0.60 pp) and 59.95% in FY2021 (-1.67 pp).
- The Q3 2026 figure marks the highest quarterly Gross Margin since Q2 2025.
- Compared with a year earlier, Gross Margin was higher in three of the last eight quarters, with an average year-over-year change of -0.58 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q1 2024 (a gain of 6.81 percentage points); the worst was Q2 2022 (a drop of 3.52 percentage points).
- Per Business Quant data, APPF's Gross Margin in the three quarters before Q3 2026 was 63.51% (Q2 2026), 63.78% (Q1 2026) and 63.52% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 49.39 Bn | 21.63 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 23.96 Bn | 20.73 Bn | 392.58 Mn | 77.21% |
| 4 | Ptc | 22.37 Bn | 21.18 Bn | 490.47 Mn | 81.74% |
| 5 | Toast | 20.05 Bn | 12.69 Bn | 543.00 Mn | 27.41% |
| 6 | Manhattan Associates | 14.85 Bn | 13.91 Bn | 174.30 Mn | 56.93% |
| 7 | Bentley Systems | 13.89 Bn | 13.37 Bn | 349.55 Mn | 82.93% |
| 8 | Trimble | 12.57 Bn | 11.65 Bn | 659.10 Mn | 68.17% |
| 9 | Costar | 12.28 Bn | 7.66 Bn | 741.00 Mn | 77.84% |
| 10 | Appfolio | 8.17 Bn | 7.24 Bn | 190.11 Mn | 64.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 64.29% |
| 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% |
API Access
Appfolio Gross Margin 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=gross-margin&ticker=APPF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "APPF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=APPF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();