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AppLovin (APP) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 5, 2026

AppLovin (APP) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +4% from the quarter before. Operating margin was 77.7%, net earnings $1.3B (65.8% of revenue).

Revenue$1.9B
Year over year+53%
Quarter over quarter+4%
Operating margin77.7%
Net earnings$1.3B

AppLovin, Q2 2026: revenue $1.9B (+53% year over year), operating margin 77.7%, net earnings $1.3B, operating cash flow $869M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$1.9B+4%+53%
Operating profit$1.5B+4%+56%
Net earnings$1.3B+5%+55%
Operating cash flow$869M-33%+13%
Free cash flow$863M—+12%

What changed

Revenue was $1.9B in Q2 2026, up 53% year over year and up 4% from the previous quarter.

Operating profit was $1.5B, a 77.7% margin (up 1.6 points year over year). Of the extra revenue versus Q2 2025, 81% reached operating profit, above the 76% margin then. Total costs grew 43% against revenue growth of 53%. The fastest-growing cost line was Research & development (+127%). Net earnings were $1.3B, up 55% year over year. The effective tax rate was 15.9%.

Operating cash flow was $0.87B (up 13% year over year), 69% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $0.52B. After principal payments of finance leases ($4.3M) and purchase of property and equipment ($1.4M), free cash flow as the company reports it was $0.86B.

Questions

What was AppLovin's revenue in the second quarter 2026?

AppLovin (APP) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), +53% from a year earlier and +4% from the quarter before.

Was AppLovin profitable in the second quarter 2026?

Operating profit was $1.5B (77.7% of revenue) and net earnings $1.3B.

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Source: AppLovin 10-Q on SEC EDGAR.