Appfolio (APPF) Operating Expenses (2014 - 2026)
Appfolio (APPF) posted quarterly Operating Expenses of $228.1 million for Q2 2026, up 16.96% year-on-year from $195.1 million in Q2 2025, and up 7.89% on a QoQ basis from $211.5 million in Q1 2026.
Appfolio (APPF) Operating Expenses (2014 - 2026) Analysis & Trends
Appfolio (APPF) has reported Operating Expenses for 13 consecutive years, with $228.1 million the latest figure, recorded in Q2 2026.
- Quarterly Operating Expenses rose 16.96% year-over-year to $228.1 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $858.5 million (up 18.77% YoY) and the FY2025 annual result came in at $797.9 million, up 21.16% from the prior year.
- Operating Expenses improved to $228.1 million in Q2 2026 per APPF's latest filing, from $211.5 million in the prior quarter.
- Over the last five years, Operating Expenses for APPF reached as high as $228.1 million in Q2 2026 and fell as low as $120.0 million in Q1 2022.
- A 5-year average of $170.0 million and a median of $162.9 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 67.68% — and 2024, when it decreased 5.71%.
- Year by year, Operating Expenses stood at $144.0 million in 2022, then slipped by 0.29% to $143.6 million in 2023, then grew by 25.85% to $180.7 million in 2024, then increased by 13.23% to $204.6 million in 2025, then advanced by 11.5% to $228.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $228.1 million, $211.5 million, and $204.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Appfolio | 5.85 Bn | 5.70 Bn | 178.53 Mn | 228.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 228.15 Mn |
| Mar 31, 2026 | 211.47 Mn |
| Dec 31, 2025 | 204.62 Mn |
| Sep 30, 2025 | 214.31 Mn |
| Jun 30, 2025 | 195.06 Mn |
| Mar 31, 2025 | 183.92 Mn |
| Dec 31, 2024 | 180.71 Mn |
| Sep 30, 2024 | 163.17 Mn |
| Jun 30, 2024 | 161.35 Mn |
| Mar 31, 2024 | 153.34 Mn |
| Dec 31, 2023 | 143.59 Mn |
| Sep 30, 2023 | 165.51 Mn |
| Jun 30, 2023 | 147.75 Mn |
| Mar 31, 2023 | 162.63 Mn |
| Dec 31, 2022 | 144.01 Mn |
| Sep 30, 2022 | 132.90 Mn |
| Jun 30, 2022 | 147.38 Mn |
| Mar 31, 2022 | 119.97 Mn |
| Dec 31, 2021 | 102.94 Mn |
| Sep 30, 2021 | 95.82 Mn |