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AppFolio APPF Operating margin

Operating margin at other companies

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-7.6%-2.2pp
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AvalonBay CommunitiesAVB
67%+0.9pp
APi Group logo
APi GroupAPG
7%+0.5pp
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25.6%+1.0pp
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Fidelity National Information ServicesFIS
15.9%-0.8pp

Other financials

Income statement

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Revenue$262.2M+20.4%
Gross profit$167.2M+21.0%
Operating income$50.7M+50.2%
Net income$42.4M+35.2%
EPS (diluted)$1.18+37.2%

Balance sheet

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Cash & equivalents$147.7M+158%
Total debt$37.0M-9.1%
Total equity$470.2M+1.8%
Total assets$580.6M+2.8%

Cash flow

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Operating cash flow$34.3M-10.8%
CapEx$231.0K+0.4%
Free cash flow$34.1M-10.9%

Valuation

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Market cap$5.36B-29.0%

Profitability

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Gross margin63.7%-0.2pp
Net margin15.3%-8.6pp
FCF margin23.6%+1.4pp

Returns & leverage

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Return on equity32.6%-16.5pp
Debt / equity0.1×0.0×
Current ratio3.5×-1.1×

Where this comes from

Calculated from AppFolio’s reported figures.

Based on trailing twelve months.

The official record: AppFolio’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AppFolio's operating margin?
AppFolio (APPF) reported operating margin of 17.1% in Q1 2026.
How has AppFolio's operating margin changed year-over-year?
AppFolio's operating margin increased by 4.0% year-over-year, from 16.4% to 17.1%.
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.