Appfolio (APPF) Operating Margin (2014 - 2026)
Appfolio (APPF) posted Operating Margin of 18.84% for Q2 2026, down 2.63% on a QoQ basis from 19.35% in Q1 2026, and up 165.0% year-over-year from 7.11% in Q2 2025.
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Analysis
Appfolio (APPF) Operating Margin (2014 - 2026) Analysis & Trends
Appfolio has reported Operating Margin for 13 years, with the latest figure at 18.84% in Q2 2026.
- On a quarterly basis, Operating Margin rose 165.0% year-over-year to 18.84% in Q2 2026; TTM through Jun 2026 was 17.52%, a 131.0% increase from a year earlier, with the FY2025 full-year figure at 16.08%, down 100.0% from the prior year.
- Operating Margin was 18.84% for Q2 2026 at Appfolio, down from 19.35% in the prior quarter.
- The five-year high for Operating Margin was 20.69% in Q3 2024, with the low at 25.48% in Q2 2022.
- Average Operating Margin over 5 years is 5.87%, with a median of 14.79% recorded in 2025.
- The sharpest annual moves came in 2022 and 2024: Operating Margin slumped 2677 bps in 2022, then surged 3768 bps in 2024.
- Over 5 years, Operating Margin stood at 16.08% in 2022, then jumped by 202 bps to 16.43% in 2023, then plunged by 31 bps to 11.27% in 2024, then surged by 56 bps to 17.56% in 2025, then advanced by 7 bps to 18.84% in 2026.
- The last three Operating Margin figures came in at 18.84% (Q2 2026), 19.35% (Q1 2026), and 17.56% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Costar | 12.52 Bn | 11.27 Bn | 728.00 Mn | 8.22% |
| 2 | Zillow | 7.78 Bn | 7.10 Bn | 562.00 Mn | -1.30% |
| 3 | Appfolio | 7.58 Bn | 7.36 Bn | 178.53 Mn | 18.84% |
| 4 | Fangdd Network | 3.79 Bn | 3.69 Bn | - | - |
| 5 | SmartRent | 256.76 Mn | 164.10 Mn | 16.22 Mn | -16.22% |
| 6 | DeFi Development | 179.51 Mn | 173.23 Mn | 3.29 Mn | -689.20% |
| 7 | 3 E Network Technology | 619,891.97 | -278,983.03 | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.84% |
| Mar 31, 2026 | 19.35% |
| Dec 31, 2025 | 17.56% |
| Sep 30, 2025 | 14.05% |
| Jun 30, 2025 | 17.20% |
| Mar 31, 2025 | 15.52% |
| Dec 31, 2024 | 11.27% |
| Sep 30, 2024 | 20.69% |
| Jun 30, 2024 | 18.25% |
| Mar 31, 2024 | 18.19% |
| Dec 31, 2023 | 16.43% |
| Sep 30, 2023 | -0.04% |
| Jun 30, 2023 | -0.46% |
| Mar 31, 2023 | -19.49% |
| Dec 31, 2022 | -16.08% |
| Sep 30, 2022 | -6.25% |
| Jun 30, 2022 | -25.48% |
| Mar 31, 2022 | -13.93% |
| Dec 31, 2021 | -7.68% |
| Sep 30, 2021 | -0.01% |