Value Added Services was Appfolio’s largest product and service line in fiscal 2025, bringing in $721.55M of $950.82M (76%).
| Product and Service | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value Added Services | $327.64M | $454.10M | $605.01M | $721.55M | |||||||||
| Subscription Services | — | $156.69M | $180.61M | $211.46M | |||||||||
| Value+ Services | — | — | — | — | |||||||||
| Value Plus Services | — | — | — | — | |||||||||
| Core Solutions | $132.54M | — | — | — | |||||||||
| Other | $11.71M | $9.66M | $8.59M | $17.82M | |||||||||
| Total | $471.88M | $620.45M | $794.20M | $950.82M |
Appfolio brought in $950.82M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 19.7% from $794.20M in fiscal 2024. Value Added Services was the largest at $721.55M (75.9%), ahead of Subscription Services at $211.46M (22.2%) and Other at $17.82M (1.9%).
Compared with fiscal 2024, Value Added Services grew 19.3% to $721.55M and Subscription Services grew 17.1% to $211.46M.
Appfolio began breaking out Subscription Services in fiscal 2023, when it brought in $156.69M. Appfolio stopped reporting Core Solutions as a separate line after fiscal 2022, when it brought in $132.54M.
Appfolio (APPF) reports its revenue by product and service. In fiscal 2025, Value Added Services was its largest product and service line, bringing in $721.55M (75.9% of the total), followed by Subscription Services at $211.46M (22.2%).
Value Added Services was Appfolio's largest product and service line in fiscal 2025, bringing in $721.55M, or 75.9% of the $950.82M total across its three product and service lines.
Value Added Services grew faster than Subscription Services in fiscal 2025, up 19.3% from $605.01M to $721.55M. Subscription Services grew 17.1% to $211.46M.
Every figure comes from Appfolio's annual financial filings, as reported. Each line keeps the name Appfolio gives it, and years follow its fiscal calendar.
Appfolio's revenue by product and service goes back to fiscal 2013, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.