What are Applovin Corporation's profit margins?

Applovin Corporation (APP) runs a 88.4% gross margin and a 77.1% operating margin, with a 64.3% net margin.

Where do Applovin Corporation's ratios come from?

Every ratio is computed from Applovin Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Applovin Corporation APP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	349.4%+3.2pp	346.2%+7.0pp	339.2%—	——	——
Operating margin	295.1%+12.7pp	282.5%+23.4pp	259.1%—	——	——
Net margin	241%+12.5pp	228.5%+17.0pp	211.5%—	——	——
Returns
Return on equity	956.3%-17.8pp	974.2%+72.1pp	902.1%+121pp	780.7%+174pp	606.5%+243pp
Return on invested capital	393.2%+55.3pp	337.9%+51.2pp	286.7%+58.6pp	228.1%+49.5pp	178.6%+38.5pp
Efficiency
Asset turnover	3.3×+0.2×	3.1×+0.2×	2.9×—	——	——
Liquidity
Current ratio	12.6×+1.6×	11×+1.1×	9.9×+0.8×	9×+0.5×	8.5×-0.4×
Leverage
Debt-to-equity	8.6×-5.0×	13.6×-1.7×	15.2×-1.4×	16.6×-1.3×	17.9×+1.8×
Net debt / EBITDA	1.6×-1.0×	2.6×-1.0×	3.6×-0.9×	4.5×-1.0×	5.6×-0.9×
Per Share
Book value per share	$20.95+33.9%	$15.64+24.8%	$12.54+14.9%	$10.91+10.9%	$9.84-4.9%
Valuation
Market capitalization	$723.26B+6.5%	$679.11B+21.3%	$560.06B+55.3%	$360.65B+33.7%	$269.77B+33.1%
Price / earnings	236.7×-13.0×	249.8×-0.5×	250.2×+48.0×	202.2×+15.6×	186.7×+8.5×
Price / sales	141.5×-2.5×	144.1×+11.4×	132.7×—	——	——
Price / book	429.7×-99.7×	529.4×+7.0×	522.5×+118×	404.1×+67.7×	336.4×+126×
EV / EBITDA	181.1×-5.7×	186.8×+4.8×	182×+42.3×	139.7×+19.1×	120.6×+16.2×

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Questions, answered.

What are Applovin Corporation's profit margins?: Applovin Corporation (APP) runs a 88.4% gross margin and a 77.1% operating margin, with a 64.3% net margin.
Where do Applovin Corporation's ratios come from?: Every ratio is computed from Applovin Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.