Filing Flows › AppLovin (APP) › Q2 2026 › vs Q2 2025
AppLovin (APP) Q2 2026 vs Q2 2025 (year over year)
AppLovin's revenue rose $665M (+53%) from $1.3B in Q2 2025 to $1.9B in Q2 2026. Operating margin 77.7% against 76.1% (+1.6 pts).
AppLovin, Q2 2026: revenue $1.9B (+53% year over year), operating margin 77.7%, net earnings $1.3B, operating cash flow $869M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 77.7% | 76.1% | +1.6 pts |
| Net margin | 65.8% | 65.1% | +0.7 pts |
| Free cash flow margin | 44.9% | 61.0% | -16.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.9B | $1.3B | $665M | +53% |
| Other income, net | $11.2M | −$26.0M | $37.3M | — |
| Operating profit | $1.5B | $958M | $537M | +56% |
| Costs & expenses | $429M | $301M | $128M | +43% |
| Pre-tax earnings | $1.5B | $932M | $574M | +62% |
| Cost of revenue | $226M | $155M | $70.7M | +46% |
| Research & development | $99.9M | $44.0M | $55.9M | +127% |
| Sales & marketing | $63.4M | $46.9M | $16.5M | +35% |
| General & admin | $40.3M | $55.0M | −$14.7M | -27% |
| Net earnings | $1.3B | $820M | $447M | +55% |
| Income tax | $239M | $112M | $127M | +113% |
| Depreciation & amortization | $32.6M | $47.1M | −$14.5M | -31% |
| Share-based compensation | $85.6M | $35.7M | $49.9M | +139% |
| Working capital & other | $516M | $130M | $386M | +296% |
| Operating cash flow | $869M | $772M | $96.8M | +13% |
| Free Cash Flow (company-reported) | $863M | $768M | $95.3M | +12% |
| Principal payments of finance leases | $4.3M | $4.1M | $175K | +4% |
| Purchase of property and equipment | $1.4M | $42K | $1.4M | 34× |
Questions
How much did AppLovin's revenue grow year over year in Q2 2026?
AppLovin's revenue rose $665M (+53%) from $1.3B in Q2 2025 to $1.9B in Q2 2026. Operating margin 77.7% against 76.1% (+1.6 pts).