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
DateValue
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