Appfolio (APPF) Operating Margin (2014 - 2026)
Appfolio (APPF) recorded quarterly Operating Margin of 19.35% in Q1 2026, up 10.23% quarter-over-quarter from 17.56% in Q4 2025, and up 384.0% on a YoY basis from 4.0% in Q1 2025.
Appfolio (APPF) Operating Margin (2014 - 2026) Analysis & Trends
Appfolio's Operating Margin history runs 13 years deep, the most recent figure standing at 19.35% for Q1 2026.
- In Q1 2026, Operating Margin rose 384.0% year-over-year to 19.35%; the TTM figure through Mar 2026 stood at 17.07% (up 65.0% YoY), while the FY2025 annual figure was 16.08%, down 100.0% from the prior year.
- Operating Margin was 19.35% for Q1 2026 at Appfolio, up from 17.56% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 20.69% in Q3 2024 to a low of 25.48% in Q2 2022.
- Historically, Operating Margin has averaged 5.1% across 5 years, with a median of 14.05% in 2025.
- The sharpest annual moves came in 2022 and 2024: Operating Margin tumbled 2677 bps in 2022, then jumped 3768 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 16.08% in 2022, then soared by 202 bps to 16.43% in 2023, then sank by 31 bps to 11.27% in 2024, then jumped by 56 bps to 17.56% in 2025, then gained by 10 bps to 19.35% in 2026.
- The last three Operating Margin figures came in at 19.35% (Q1 2026), 17.56% (Q4 2025), and 14.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Appfolio | 5.66 Bn | 5.50 Bn | 224.71 Mn | 19.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 1.29% |