AppLovin

APP · NASDAQ · USD

$268.22−4.65%−$13.09

Close · October 2, 2026

At a glance

Revenue growth: +69.99%; 2025 vs 2024
Net income growth: +111.03%; 2025 vs 2024
Net margin: 60.8%; 2024: 49.0%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	1,924	1,842	1,658	1,405	1,259	1,159	999	835	711	678	953	864
Cost of revenue	226	204	184	175	155	152	153	121	122	125	274	265
Gross profit	1,698	1,639	1,474	1,230	1,104	1,007	846	714	589	554	680	599
Selling, general and administrative	104	105	117	107	102	111	112	99.2	106	101	258	254
Research and development	99.9	94.1	82.2	43.9	44.0	56.4	106	80.8	99.1	88.9	151	159
Operating income	1,494	1,440	1,275	1,079	958	840	628	534	384	364	271	186
EBIT	1,494	1,440	1,275	1,079	958	840	628	534	384	364	271	186
EBITDA	1,527	1,474	1,300	1,112	989	872	656	567	493	477	377	308
Interest expense	51.2	51.2	51.3	51.4	51.4	52.9	65.6	74.9	74.4	73.9	71.6	78.6
Pre-tax income	1,506	1,431	1,253	1,021	884	795	535	468	318	292	179	109
Income tax	239	226	151	185	112	71.1	-61.4	34.7	16.9	32.3	6.7	0.6
Net income	1,267	1,206	1,102	836	820	576	599	434	310	236	172	109
Net income to common shareholders	1,267	1,206	1,102	835	819	576	599	434	310	235	171	108
Basic EPS	3.77	3.57	3.26	2.47	2.42	1.70	1.77	1.29	0.92	0.70	0.51	0.32
Diluted EPS	3.76	3.56	3.26	2.45	2.39	1.67	1.77	1.25	0.89	0.67	0.49	0.30
Average shares (basic)	336	337	338	339	339	340	339	337	336	336	337	341
Average shares (diluted)	337	339	340	341	342	345	346	348	348	349	347	357