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AppFolio APPF Operating margin

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Other financials

Income statement

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Revenue$281.1M+19.3%
Gross profit$178.5M+17.6%
Operating income$53.0M+30.8%
Net income$41.5M+15.5%
EPS (diluted)$1.17+18.2%

Balance sheet

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Cash & equivalents$217.7M+195%
Total debt$35.8M-9.8%
Total equity$526.1M+15.5%
Total assets$648.4M+14.3%

Cash flow

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Operating cash flow$87.6M+66.4%
CapEx$231.0K+0.4%
Free cash flow$87.6M+67.3%

Valuation

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Market cap$6.87B-38.6%
Enterprise value$6.69B-40.1%
P/E43.6×-11.5×
P/S6.6×-6.4×

Profitability

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Gross margin63.5%-0.4pp
Net margin15.1%-8.4pp
FCF margin25.9%+4.6pp

Returns & leverage

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Return on equity32.1%-17.0pp
Debt / equity0.1×0.0×
Current ratio3.8×+0.9×

Where this comes from

Calculated from AppFolio’s reported figures.

Based on trailing twelve months.

The source filing: AppFolio’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001433195-26-000058

FAQ

What is AppFolio's operating margin?
AppFolio (APPF) reported operating margin of 17.5% in Q2 2026.
How has AppFolio's operating margin changed year-over-year?
AppFolio's operating margin increased by 8.1% year-over-year, from 16.2% to 17.5%.
What is the long-term trend for AppFolio's operating margin?
Over 4 years (2021 to 2025), AppFolio's operating margin has grown at a 48.5% compound annual growth rate (CAGR), from -3.3% to 16.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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