AppLovin Corporation (APP) Earnings History
Annual and quarterly earnings data from 2018 to 2025
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APP EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
APP Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 87.9% | 75.8% | 60.8% |
| 2024 | 75.2% | 39.8% | 33.5% |
| 2023 | 67.7% | 19.7% | 10.9% |
| 2022 | 55.4% | -1.7% | -6.8% |
| 2021 | 64.6% | 5.4% | 1.3% |
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AppLovin Corporation (APP) Earnings Overview
As of May 8, 2026, AppLovin Corporation (APP) reported trailing twelve-month net income of $3.96B, reflecting +115.2% year-over-year growth. The company earned $11.70 per diluted share over the past four quarters, with a net profit margin of 60.8%.
Looking at the long-term picture, APP's historical earnings data spans multiple years. The company achieved its highest annual net income of $3.33B in fiscal 2025, representing a new all-time high.
AppLovin Corporation maintains industry-leading profitability with a gross margin of 87.9%, operating margin of 75.8%, and net margin of 60.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MGNI ($159M net income, 20.3% margin), IAS ($47M net income, 7.1% margin), DV ($55M net income, 6.8% margin), APP has outperformed on profitability metrics. Compare APP vs MGNI →
APP Earnings vs Peers
Earnings metrics vs comparable public companies
APP Historical Earnings Data (2018–2025)
8 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.33B | +111.0% | $4.15B | $9.75 | 60.8% | 75.8% |
| 2024 | $1.58B | +342.9% | $1.87B | $4.53 | 33.5% | 39.8% |
| 2023 | $357M | +285.1% | $648M | $0.98 | 10.9% | 19.7% |
| 2022 | -$193M | -643.8% | -$48M | $-0.52 | -6.8% | -1.7% |
| 2021 | $35M | +128.3% | $150M | $0.09 | 1.3% | 5.4% |
| 2020 | -$125M | -205.2% | -$62M | $-0.58 | -8.6% | -4.3% |
| 2019 | $119M | +145.8% | $194M | $0.36 | 12.0% | 19.6% |
| 2018 | -$260M | - | $242M | $-1.37 | -53.8% | 50.2% |
Full APP Stock Analysis
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Start ComparisonAPP — Frequently Asked Questions
Quick answers to the most common questions about buying APP stock.
Is APP growing earnings?
APP EPS is $11.70, with earnings growth accelerating to +115.2%. This exceeds the 5-year CAGR of N/A. TTM net income reached $4.0B.
What are APP's profit margins?
AppLovin Corporation net margin is +60.8%, with operating margin at +75.8%. Above-average margins indicate pricing power.
How consistent are APP's earnings?
APP earnings data spans 2018-2025. The accelerating earnings trend is +115.2% YoY. Historical data enables comparison across business cycles.