What are AppFolio's profit margins?

Gross margin is 63.7% and operating margin is 17.1%, with a 15.3% net margin.

Where does AppFolio's income statement data come from?

Every line is extracted from AppFolio's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

AppFolio APPF Income Statement

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
Total revenue	$995.33M+4.7%	$950.82M+4.9%	$906.29M+5.1%	$862.67M+4.6%	$824.47M+3.8%
Total cost of revenue	$360.82M+4.5%	$345.34M+4.3%	$330.99M+6.4%	$311.15M+4.8%	$296.92M+5.3%
Gross profit	$634.52M+4.8%	$605.48M+5.2%	$575.3M+4.3%	$551.53M+4.5%	$527.56M+3.0%
Gross margin	63.7%+0.1pp	63.7%+0.2pp	63.5%-0.5pp	63.9%-0.1pp	64%-0.5pp
Research and development	$196.29M+3.1%	$190.42M+2.0%	$186.77M+7.7%	$173.39M+4.3%	$166.24M+3.7%
Selling and marketing	$150.35M+4.5%	$143.9M+4.9%	$137.18M+8.3%	$126.68M+8.1%	$117.2M+6.0%
General and administrative	$96.58M+1.0%	$95.59M-0.6%	$96.18M+7.0%	$89.88M+1.9%	$88.19M+2.6%
Total costs & expenses	$825.45M+3.5%	$797.91M+3.1%	$774M+7.1%	$722.85M+4.9%	$689.14M+4.6%
Operating income	$169.88M+11.1%	$152.92M+15.6%	$132.3M-5.4%	$139.82M+3.3%	$135.34M-0.2%
Operating margin	17.1%+1.0pp	16.1%+1.5pp	14.6%-1.6pp	16.2%-0.2pp	16.4%-0.7pp
Interest expense	$6.99M-14.3%	$8.16M-15.1%	$9.61M-19.5%	$11.93M-14.4%	$13.94M-0.3%
Other income (expense), net	$554K+1,251%	$41K-94.4%	$738K-0.5%	$742K-1.5%	$753K+8.0%
Income before income taxes	$177.42M+10.1%	$161.11M+12.9%	$142.65M-6.5%	$152.5M+1.6%	$150.03M-0.2%
Income tax expense	$25.46M+26.1%	$20.19M+133%	-$61.1M-20.7%	-$50.61M-8.2%	-$46.76M+13.0%
Net income	$151.96M+7.8%	$140.92M-30.8%	$203.74M+0.3%	$203.1M+3.2%	$196.79M-3.6%
Net margin	15.3%+0.4pp	14.8%-7.7pp	22.5%-1.1pp	23.5%-0.3pp	23.9%-1.8pp
Diluted earnings per share	$4.20+8.2%	$3.88-30.3%	$5.57+0.5%	$5.54+3.4%	$5.36-3.4%
EBITDA	$191.3M+9.0%	$175.57M+13.1%	$155.18M-4.0%	$161.59M+3.6%	$155.92M+0.5%
EBITDA margin	19.2%+0.8pp	18.5%+1.3pp	17.1%-1.6pp	18.7%-0.2pp	18.9%-0.6pp
EBIT	$169.88M+11.1%	$152.92M+15.6%	$132.3M-5.4%	$139.82M+3.3%	$135.34M-0.2%

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Questions, answered.

What are AppFolio's profit margins?: Gross margin is 63.7% and operating margin is 17.1%, with a 15.3% net margin.
Where does AppFolio's income statement data come from?: Every line is extracted from AppFolio's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.