Appfolio (APPF) Operating Expenses (2014 - 2026)
Appfolio (APPF) posted Operating Expenses of $228.1 million for Q2 2026, up 7.89% on a QoQ basis from $211.5 million in Q1 2026, and up 16.96% year-over-year from $195.1 million in Q2 2025.
Analysis
Appfolio (APPF) Operating Expenses (2014 - 2026) Analysis & Trends
Appfolio has reported Operating Expenses for 13 years, with the latest figure at $228.1 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 16.96% year-over-year to $228.1 million in Q2 2026; TTM through Jun 2026 was $858.5 million, a 18.77% increase from a year earlier, with the FY2025 full-year figure at $797.9 million, up 21.16% from the prior year.
- Operating Expenses was $228.1 million for Q2 2026 at Appfolio, up from $211.5 million in the prior quarter.
- The five-year high for Operating Expenses was $228.1 million in Q2 2026, with the low at $120.0 million in Q1 2022.
- Average Operating Expenses over 5 years is $170.0 million, with a median of $162.9 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 67.68% in 2022, then decreased 5.71% in 2024.
- Over 5 years, Operating Expenses stood at $144.0 million in 2022, then decreased by 0.29% to $143.6 million in 2023, then climbed by 25.85% to $180.7 million in 2024, then grew by 13.23% to $204.6 million in 2025, then gained by 11.5% to $228.1 million in 2026.
- The last three Operating Expenses figures came in at $228.1 million (Q2 2026), $211.5 million (Q1 2026), and $204.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Costar | 12.52 Bn | 11.27 Bn | 728.00 Mn | 652.00 Mn |
| 2 | Zillow | 7.78 Bn | 7.10 Bn | 562.00 Mn | 572.00 Mn |
| 3 | Appfolio | 7.58 Bn | 7.36 Bn | 178.53 Mn | 228.15 Mn |
| 4 | Fangdd Network | 3.79 Bn | 3.69 Bn | - | - |
| 5 | SmartRent | 256.76 Mn | 164.10 Mn | 16.22 Mn | 22.68 Mn |
| 6 | DeFi Development | 179.51 Mn | 173.23 Mn | 3.29 Mn | 26.15 Mn |
| 7 | 3 E Network Technology | 619,891.97 | -278,983.03 | - | - |
Historic Data
Download Data
Historic 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 |