# AppLovin share price today (AppLovin Corporation, APP)

> AppLovin Corporation's earnings have grown faster than its share price. Earnings per share grew +115.0% in a year while the price moved −61.5%. APP · Communication Services · Advertising Agencies · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/app

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## Key numbers

- Price: $245.51 (−61.5% in a year)
- P/E: 18.9× (lower than 98% of the last 1 year)
- Revenue (Jun 2026): $1.9 B (+52.8% on a year ago)
- Profit (Jun 2026): $1.3 B (+54.5% on a year ago)
- Operating margin: 77.7% (+1.6 points on a year ago)
- ROE: 156%, FY25
- ROIC: 132.7%, against a 17.8% cost of capital: +114.9 points
- Profit that came in as cash: 136%, last 3 years

The main question: yearly earnings per share moved +115.0% while the share price moved −61.5%. ## What is the AppLovin share price today? AppLovin Corporation's share price was $245.51 at the close on 3 November 2026. It has been falling for 10 weeks. That is 40.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between $229 and $721, and at that close it sat 3% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 17 weeks running. Over the last 5.5 years the share price moved +302% while the S&P 500 moved +81%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does AppLovin pay? AppLovin Corporation pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is AppLovin on? AppLovin is on 2 of our US lists: Nasdaq 100 companies and S&P 500 companies. - [Nasdaq 100 companies](https://www.sectoralpha.in/nasdaq-100-stocks)
- [S&P 500 companies](https://www.sectoralpha.in/sp-500-stocks)

## Is AppLovin profitable? AppLovin Corporation earned $1.3 B of net profit in the Jun 2026 quarter, +54.5% on the same quarter a year earlier. That is the 6th quarter in a row of profit growth. Full-year FY25 profit was $3.3 B. Over 4 years profit has grown 211.7% a year on average. That is 65.8% of the quarter's revenue. The same quarter a year earlier earned $820 M. For the full year, FY25 profit was $3.3 B (+111.0% on the year before). Why profit moved: revenue changed +52.8% on a year earlier and the margin moved +1.6 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +85.0% and revenue +61.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does AppLovin make, and is it growing? AppLovin Corporation reported $1.9 B of revenue in the Jun 2026 quarter, +52.8% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 18.4% a year on average. The last full year, FY25, came in at $5.5 B. The last four reported quarters add to $6.8 B. The quarterly figures for FY23 do not add up to the full-year total on file, so those quarters are left out of the charts and sums. FY25 revenue was $5.5 B, +70.0% on the year before. Recent pace: the last four quarters grew +61.5% on average, against 18.4% a year over the longer run, so this year is growing faster than its own long-run rate. ## How much of every $100 of sales does AppLovin keep? AppLovin Corporation's operating margin was 77.7% in the Jun 2026 quarter, 1.6 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −0.7% and 75.8%. The latest quarter is above every full year in that period. Across 5 years it has been between −0.7% and 75.8%, and FY25's 75.8% is the highest of them. Why the margin moved: operating margin changed +1.6 percentage points on the year while gross margin changed +0.6 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is AppLovin's profit turning into cash? Over the last 3 years, 136% of AppLovin Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $4.0 B of operating cash against $3.3 B of profit. After null of spending on assets, $4.0 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does AppLovin's cash go? AppLovin Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $2.1 M on assets over the last 2 years. Averaged over those years that is 0.0% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $2.1 M over the last 2 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is AppLovin's P/E ratio, and how does it compare with its own history? AppLovin Corporation's P/E is 18.9×, about the lowest it has ever been. Its usual P/E (the middle reading) is 52.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +115.0% while the price moved −61.5%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the AppLovin business getting better or worse? AppLovin Corporation's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does AppLovin earn on its capital? AppLovin Corporation earned a ROE of 156% in FY25. That is up from a low of −10% in FY22. Its return on capital used (ROIC) is 114.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 60.8% net margin and 0.75× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 60.8% net margin × 0.75× asset turnover × 3.40× leverage (assets divided by equity) ≈ 155.0% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 132.7% − 17.8% = +114.9 percentage points. The 17.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 132.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 99.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does AppLovin have too much debt? AppLovin Corporation has total debt of $3.5 B against shareholder equity of $3.2 B as of Jun 2026, so its debt is 1.11× its equity. Year by year, that ratio went from 1.57 in FY21 to 1.72 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the AppLovin shareholding pattern? 4.2% of AppLovin Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 2.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is AppLovin from balance-sheet trouble? For AppLovin Corporation, the Z-score is 24.42. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 24.42 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does AppLovin rank in its industry? 60.0 out of 100, rank 5 of 20 in Advertising Agencies, with 71% of the evidence available. AppLovin Corporation scores 60.0 out of 100 against the 20 companies it is compared with in Advertising Agencies, ranking 5. Earnings are strong; relative strength in its sector is -49.9% and the one-year return is -60.4%. The four parts add up to the total exactly: 27.3 + 20.8 + 9 + 2.9 = 60. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is AppLovin compared with? AppLovin ranks 5 of 20 Advertising Agencies companies on the 4-Factor Sector Score, with 60.0 out of 100. 1. [Magnite, Inc.](https://www.sectoralpha.in/us/stocks/mgni) MGNI · losing its lead · Evidence leans up · 71% evidence 61.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 8.2% · Profit 100% · Operating margin change 3.5 points · 83% evidence Capital efficiency 10.7/25 · ROCE 8.7% · Operating margin 16.2% · 76% evidence Valuation 10.1/20 · P/E 16.3× · PEG n/a · 15% evidence Relative strength 16.8/20 · Lead over its industry 22.7% · Lead over S&P 500 24.4% · 1 year 47.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 24.3 + 10.7 + 10.1 + 16.8 = 61.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [DoubleVerify Holdings, Inc.](https://www.sectoralpha.in/us/stocks/dv) DV · losing its lead · Evidence leans up · 81% evidence 61.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue 7.7% · Profit 11.5% · Operating margin change 4.5 points · 83% evidence Capital efficiency 11.9/25 · ROCE 8.1% · Operating margin 11.9% · 76% evidence Valuation 11.4/20 · P/E 28.3× · PEG 1.37 · 65% evidence Relative strength 15.9/20 · Lead over its industry 12.2% · Lead over S&P 500 14.5% · 1 year 44.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.2 + 11.9 + 11.4 + 15.9 = 61.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Entravision Communications Corporation](https://www.sectoralpha.in/us/stocks/evc) EVC · quiet · Evidence leans up · 64% evidence 61.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 71.3% · Profit n/a · Operating margin change 14.1 points · 62% evidence Capital efficiency 16.4/25 · ROCE 20.2% · Operating margin 13.3% · 76% evidence Valuation 8.5/20 · P/E 287× · PEG n/a · 15% evidence Relative strength 9.8/20 · Lead over its industry 11.1% · Lead over S&P 500 10.1% · 1 year 140.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.5 + 16.4 + 8.5 + 9.8 = 61.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [QuinStreet, Inc.](https://www.sectoralpha.in/us/stocks/qnst) QNST · quiet · Evidence leans up · 71% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Revenue 18.3% · Profit 100% · Operating margin change 1.8 points · 83% evidence Capital efficiency 8.8/25 · ROCE 9% · Operating margin 5.1% · 76% evidence Valuation 10.3/20 · P/E 10.4× · PEG n/a · 15% evidence Relative strength 15.2/20 · Lead over its industry 17.9% · Lead over S&P 500 20% · 1 year 32.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 26.2 + 8.8 + 10.3 + 15.2 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. AppLovin Corporation this page APP · basing · Evidence leans up · 71% evidence 60.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 60.6% · Profit 81.6% · Operating margin change 1.6 points · 83% evidence Capital efficiency 20.8/25 · ROCE 75.4% · Operating margin 77.7% · 76% evidence Valuation 9.0/20 · P/E 39.3× · PEG n/a · 15% evidence Relative strength 2.9/20 · Lead over its industry -49.9% · Lead over S&P 500 -48.3% · 1 year -60.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.3 + 20.8 + 9 + 2.9 = 60 · What this means: Earnings are strong; relative strength in its sector is -49.9% and the one-year return is -60.4%. 6. [Ziff Davis, Inc.](https://www.sectoralpha.in/us/stocks/zd) ZD · losing its lead · Evidence leans up · 81% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue -0.7% · Profit 100% · Operating margin change -0.5 points · 83% evidence Capital efficiency 7.8/25 · ROCE 4.8% · Operating margin 4.2% · 76% evidence Valuation 15.4/20 · P/E 3× · PEG 0.54 · 65% evidence Relative strength 15.1/20 · Lead over its industry 13.6% · Lead over S&P 500 15.1% · 1 year 65.7% · 100% evidence · 8 of 12 weeks ahead Exact sum: 16.7 + 7.8 + 15.4 + 15.1 = 55 · What this means: Relative strength against the index is 15.1%, and revenue and profit growth are weak. 7. [WPP plc](https://www.sectoralpha.in/us/stocks/wpp) WPP · losing its lead · Too little evidence to rank firmly · 51% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue n/a · Profit n/a · Operating margin change 0.8 points · 26% evidence Capital efficiency 8.6/25 · ROCE 4.6% · Operating margin 4.1% · 76% evidence Valuation 11.0/20 · P/E -10.6× · PEG n/a · 15% evidence Relative strength 18.4/20 · Lead over its industry 23.1% · Lead over S&P 500 25.9% · 1 year 48.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 16.5 + 8.6 + 11 + 18.4 = 54.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Omnicom Group Inc.](https://www.sectoralpha.in/us/stocks/omc) OMC · turning · Evidence leans up · 85% evidence 54.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 54.1% · Profit -47.2% · Operating margin change 0.1 points · 95% evidence Capital efficiency 17.2/25 · ROCE 14.8% · Operating margin 15.7% · 76% evidence Valuation 10.5/20 · P/E 28.7× · PEG 1.52 · 65% evidence Relative strength 10.4/20 · Lead over its industry -1% · Lead over S&P 500 1.4% · 1 year 12% · 100% evidence · 4 of 12 weeks ahead Exact sum: 16.2 + 17.2 + 10.5 + 10.4 = 54.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Stagwell Inc.](https://www.sectoralpha.in/us/stocks/stgw) STGW · leader · Evidence leans up · 64% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 6.3% · Profit n/a · Operating margin change -0.2 points · 62% evidence Capital efficiency 7.9/25 · ROCE 5.4% · Operating margin 2.6% · 76% evidence Valuation 8.9/20 · P/E 42.4× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 47.4% · Lead over S&P 500 49.6% · 1 year 123.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.5 + 7.9 + 8.9 + 20 = 52.3 · What this means: Relative strength against the index is 49.6%, and revenue and profit growth are weak. 10. [The Trade Desk, Inc.](https://www.sectoralpha.in/us/stocks/ttd) TTD · basing · Evidence leans down · 81% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue 11.6% · Profit -2.4% · Operating margin change -2.6 points · 83% evidence Capital efficiency 18.1/25 · ROCE 19.7% · Operating margin 14.2% · 76% evidence Valuation 4.9/20 · P/E 20.9× · PEG 4.09 · 65% evidence Relative strength 5.8/20 · Lead over its industry -50.4% · Lead over S&P 500 -48.2% · 1 year -70.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.6 + 18.1 + 4.9 + 5.8 = 47.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Clear Channel Outdoor Holdings, Inc.](https://www.sectoralpha.in/us/stocks/cco) CCO · Too little evidence to rank firmly · 51% evidence 47.3 out of 100 Growth Capital Valuation Relative
12. Townsquare Media, Inc. TSQ · Too little evidence to rank firmly · 51% evidence 41.4 out of 100 Growth Capital Valuation Relative
13. [Advantage Solutions Inc.](https://www.sectoralpha.in/us/stocks/adv) ADV · turning · Evidence leans down · 64% evidence 40.4 out of 100 Growth Capital Valuation Relative
14. [Criteo S.A.](https://www.sectoralpha.in/us/stocks/crto) CRTO · basing · Evidence leans down · 71% evidence 39.1 out of 100 Growth Capital Valuation Relative
15. [Nexxen International Ltd.](https://www.sectoralpha.in/us/stocks/nexn) NEXN · quiet · Evidence leans down · 71% evidence 35.9 out of 100 Growth Capital Valuation Relative
16. National CineMedia, Inc. NCMI · quiet · Too little evidence to rank firmly · 58% evidence 30.8 out of 100 Growth Capital Valuation Relative
17. Unitrend Entertainment Group Limited INHI · Too little evidence to rank firmly · 11% evidence 56.7 out of 100 Growth Capital Valuation Relative
18. [Emerald Holding, Inc.](https://www.sectoralpha.in/us/stocks/eex) EEX · Too little evidence to rank firmly · 36% evidence 47.2 out of 100 Growth Capital Valuation Relative
19. [QMMM Holdings Limited](https://www.sectoralpha.in/us/stocks/qmmm) QMMM · Too little evidence to rank firmly · 16% evidence 40.4 out of 100 Growth Capital Valuation Relative
20. Fluent, Inc. FLNT · Too little evidence to rank firmly · 44% evidence 33.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Advertising Agencies](https://www.sectoralpha.in/us/sectors/advertising-agencies), all 20 compared on one page. ## Which companies are close to AppLovin in size? AppLovin is the largest of 17 Advertising Agencies companies on Sector Alpha by market value (scores of 3 November 2026). It is the largest. Just below it: Omnicom Group Inc., QMMM Holdings, The Trade Desk, Inc., WPP plc, Magnite, Inc. and Stagwell Inc. ### Advertising Agencies companies close in size

1. AppLovin Corporation $82.2 billion
2. [Omnicom Group Inc.](https://www.sectoralpha.in/us/stocks/omc) $22.7 billion
3. [QMMM Holdings Limited](https://www.sectoralpha.in/us/stocks/qmmm) $6.8 billion
4. [The Trade Desk, Inc.](https://www.sectoralpha.in/us/stocks/ttd) $6.1 billion
5. [WPP plc](https://www.sectoralpha.in/us/stocks/wpp) $6 billion
6. [Magnite, Inc.](https://www.sectoralpha.in/us/stocks/mgni) $3.2 billion
7. [Stagwell Inc.](https://www.sectoralpha.in/us/stocks/stgw) $2.7 billion

[All 17 Advertising Agencies companies, largest first](https://www.sectoralpha.in/us/sectors/advertising-agencies#all-companies)

### Companies close in size in other industries

1. [SLB N.V.](https://www.sectoralpha.in/us/stocks/slb) $77.2 billion · Oil & Gas Equipment & Services
2. [Barclays PLC](https://www.sectoralpha.in/us/stocks/bcs) $76.7 billion · Banks - Diversified
3. AppLovin Corporation $76.6 billion
4. [Canadian National Railway Company](https://www.sectoralpha.in/us/stocks/cni) $76.1 billion · Railroads
5. [General Motors Company](https://www.sectoralpha.in/us/stocks/gm) $75.9 billion · Auto Manufacturers

## What else do people ask about AppLovin? ### What were AppLovin's latest quarterly results? AppLovin Corporation reported revenue of $1.9 B and net profit of $1.3 B for the Jun 2026 quarter. Revenue rose 52.8% and profit rose 54.5% compared with a year earlier. Earnings per share were $3.76. The operating margin was 77.7%, 1.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is AppLovin's market cap? AppLovin Corporation's market capitalisation is $82.2 B at a stock price of $245.51. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### What is AppLovin's P/E ratio? AppLovin Corporation's P/E is 18.9×, higher than 2% of its own last 2 years. Its usual level (the middle reading) is 52.6×. This compares the price with the company's own past; it is not a view on what the shares are worth (as of 3 November 2026). ### How is AppLovin valued against its own history? Against its own history, AppLovin Corporation's valuation is low: its P/E of 18.9× has been lower only 2% of the time in 2 years (usual level 52.6×). This compares the price with the company's own past; it is not a view on what the shares are worth or where the price goes next. One thing to keep in mind: margins are the best this company has ever reported, and a multiple can look low when profit is at a record (as of 3 November 2026). ### How is AppLovin performing? AppLovin Corporation's share price has been falling for 10 weeks. In its latest quarter, revenue rose 52.8% and profit rose 54.5% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 17 weeks running (as of 3 November 2026). ### Will AppLovin's stock price go up? This page does not forecast AppLovin Corporation's stock price. What it shows instead: the stock price is $245.51, and it has been falling for 10 weeks. Its P/E of 18.9× is higher than 2% of its own last 2 years (as of 3 November 2026). ### What is AppLovin's capex? AppLovin Corporation spent $2.1 M on capital expenditure (new plants, machines and other long-term assets) over the last 2 years, worked out from the change in fixed assets plus depreciation. In FY22 alone that was $662 K (as of 3 November 2026). ### Where is AppLovin in its business cycle? AppLovin Corporation's FY25 operating margin was 75.8%, against a 5-year range of −0.7% to 75.8%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 77.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the AppLovin story? The main question: yearly earnings per share moved +115.0% while the share price moved −61.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is AppLovin a stock worth studying right now? What the numbers show: AppLovin Corporation's earnings have grown faster than its share price. Earnings per share grew +115.0% in a year while the price moved −61.5%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Nasdaq 100 companies: https://www.sectoralpha.in/nasdaq-100-stocks
- S&P 500 companies: https://www.sectoralpha.in/sp-500-stocks

This is research, not advice. We’re not SEBI-registered.