AppFolio, Inc. (APPF) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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APPF Revenue Growth
Revenue Breakdown (FY 2025)
APPF's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
APPF Revenue Analysis (2014–2025)
As of May 7, 2026, AppFolio, Inc. (APPF) generated trailing twelve-month (TTM) revenue of $995.3 million, reflecting exceptional growth of +20.4% year-over-year. The most recent quarter (Q1 2026) recorded $262.2 million in revenue, up 5.6% sequentially.
Looking at the longer-term picture, APPF's 5-year compound annual growth rate (CAGR) stands at +25.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $950.8 million in 2025, representing a new all-time high.
Revenue diversification analysis shows APPF's business is primarily driven by Value Added Services (76%), Subscription Services (22%), and Other Services (2%). With over half of revenue concentrated in Value Added Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including ROP (+12.1% YoY), PCTY (+15.6% YoY), and PAYC (+9.4% YoY), APPF has outperformed the peer group in terms of revenue growth. Compare APPF vs ROP →
APPF Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| APPFCurrent | $995M | +20.4% | +25.1% | 16.1% | |
 ROP | $7.9B | +12.1% | +10.2% | 28.3% | |
 PCTY | $1.6B | +15.6% | +23.2% | 19.1% | |
 PAYC | $2.1B | +9.4% | +19.5% | 27.6% | |
 TYL | $2.3B | +8.7% | +15.9% | 15.3% | |
 REAL | $693M | +15.4% | +18.2% | -3.5% |
APPF Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $950.8M | +19.7% | $582.8M | 61.3% | $152.9M | 16.1% |
| 2024 | $794.2M | +28.0% | $492.6M | 62.0% | $135.6M | 17.1% |
| 2023 | $620.4M | +31.5% | $382.4M | 61.6% | $963K | 0.2% |
| 2022 | $471.9M | +31.3% | $280.1M | 59.3% | $-72,370,000 | -15.3% |
| 2021 | $359.4M | +15.9% | $215.4M | 59.9% | $-11,878,000 | -3.3% |
| 2020 | $310.1M | +21.1% | $191.0M | 61.6% | $9.8M | 3.2% |
| 2019 | $256.0M | +34.7% | $154.4M | 60.3% | $6.5M | 2.5% |
| 2018 | $190.1M | +32.2% | $116.5M | 61.3% | $19.7M | 10.3% |
| 2017 | $143.8M | +36.2% | $88.5M | 61.6% | $9.3M | 6.5% |
| 2016 | $105.6M | +40.8% | $61.0M | 57.7% | $-8,423,000 | -8.0% |
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Start ComparisonAPPF — Frequently Asked Questions
Quick answers to the most common questions about buying APPF stock.
Is APPF's revenue growth accelerating or slowing?
APPF revenue is accelerating at +20.4% year-over-year, exceeding the 5-year CAGR of +25.1%. TTM revenue reached $995M. Growth momentum has increased versus prior periods.
What is APPF's long-term revenue growth rate?
AppFolio, Inc.'s 5-year revenue CAGR of +25.1% reflects the sustained expansion pattern. Current YoY growth of +20.4% is above this long-term average.
How is APPF's revenue distributed by segment?
APPF reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.