Appfolio (APPF) Operating Leases (2019 - 2026)
Appfolio's Operating Leases came in at $30.66 million for Q2 2026, down 12.8% from $35.18 million a year earlier and down 4.1% from the prior quarter.
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Analysis
Appfolio (APPF) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Appfolio's Operating Leases was $33.29 million, down 11.2% from FY2024.
- Operating Leases has declined in each of the last four years, with a five-year compound annual growth rate of -3.7% (FY2020 to FY2025).
- Going back by year, Operating Leases was $37.48 million in FY2024 (-8.8%), $41.11 million in FY2023 (-18.2%), $50.24 million in FY2022 (-9.9%) and $55.73 million in FY2021 (+38.8%).
- The Q2 2026 figure represents the lowest quarterly Operating Leases since Q3 2019.
- Year-over-year, Operating Leases has declined for 16 consecutive quarters, with an average decline of 10.3% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q3 2021 (growth of 72.7%), and the weakest in Q2 2023 (a decline of 26.8%).
- Business Quant data shows APPF's Operating Leases at $31.98 million (Q1 2026), $33.29 million (Q4 2025) and $34.53 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn |
| 10 | Appfolio | 7.00 Bn | 6.18 Bn | 178.53 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.66 Mn |
| Mar 31, 2026 | 31.98 Mn |
| Dec 31, 2025 | 33.29 Mn |
| Sep 30, 2025 | 34.53 Mn |
| Jun 30, 2025 | 35.18 Mn |
| Mar 31, 2025 | 36.33 Mn |
| Dec 31, 2024 | 37.48 Mn |
| Sep 30, 2024 | 38.40 Mn |
| Jun 30, 2024 | 39.45 Mn |
| Mar 31, 2024 | 40.47 Mn |
| Dec 31, 2023 | 41.11 Mn |
| Sep 30, 2023 | 41.11 Mn |
| Jun 30, 2023 | 39.55 Mn |
| Mar 31, 2023 | 45.26 Mn |
| Dec 31, 2022 | 50.24 Mn |
| Sep 30, 2022 | 53.26 Mn |
| Jun 30, 2022 | 54.04 Mn |
| Mar 31, 2022 | 54.99 Mn |
| Dec 31, 2021 | 55.73 Mn |
| Sep 30, 2021 | 56.56 Mn |
API Access
Appfolio Operating Leases 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=operating-leases&ticker=APPF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=APPF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();