Appfolio (APPF) Operating Expenses (2014 - 2026)
Appfolio (APPF) posted quarterly Operating Expenses of $228.1 million for Q2 2026, up 16.96% year-over-year from $195.1 million in Q2 2025, and up 7.89% quarter-over-quarter from $211.5 million in Q1 2026.
Appfolio (APPF) Operating Expenses (2014 - 2026) Analysis & Trends
Appfolio's Operating Expenses history runs 13 years deep, the most recent figure standing at $228.1 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 16.96% year-over-year to $228.1 million; the TTM figure through Jun 2026 stood at $858.5 million (up 18.77% YoY), while the FY2025 annual figure was $797.9 million, up 21.16% from the prior year.
- Operating Expenses for Q2 2026 stood at $228.1 million, 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.
- The 5-year median for Operating Expenses is $162.9 million (2023), against an average of $170.0 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 67.68% in 2022, then fell 5.71% in 2024.
- Appfolio's Operating Expenses stood at $144.0 million in 2022, then fell by 0.29% to $143.6 million in 2023, then gained by 25.85% to $180.7 million in 2024, then advanced by 13.23% to $204.6 million in 2025, then increased by 11.5% to $228.1 million in 2026.
- Business Quant data shows APPF's Operating Expenses at $228.1 million in Q2 2026, $211.5 million in Q1 2026, and $204.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Appfolio | 7.23 Bn | 7.01 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 |