Filing Flows › Appfolio (APPF) › Q2 2026
Appfolio (APPF) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Appfolio (APPF) reported revenue of $281M for the second quarter 2026 (Q2 2026), +19% from a year earlier and +7% from the quarter before. Operating margin was 18.8%, net earnings $41.5M (14.8% of revenue).
Appfolio, Q2 2026: revenue $281M (+19% year over year), operating margin 18.8%, net earnings $41.5M, operating cash flow $87.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $281M | +7% | +19% |
| Operating profit | $53.0M | +4% | +31% |
| Net earnings | $41.5M | -2% | +15% |
| Operating cash flow | $87.6M | +155% | +66% |
What changed
Revenue was $281.1M in Q2 2026, up 19% year over year and up 7% from the previous quarter. Value Added Services was the largest line at 78% of revenue. Value Added Services added $39.3M year over year (up 22%), 86% of the total change. Other declined 37%.
Operating profit was $53.0M, a 18.8% margin (up 1.6 points year over year). Of the extra revenue versus Q2 2025, 27% reached operating profit, above the 17% margin then. Total costs grew 17% against revenue growth of 19%. The fastest-growing cost line was Cost of revenue (+22%). Net earnings were $41.5M, up 15% year over year. The effective tax rate was 23.6%.
Operating cash flow was $87.6M (up 66% year over year), 211% of net earnings. Non-cash charges added back $5.0M of depreciation and amortization and $20.5M of share-based compensation. Working capital and other items added $20.6M. Capital expenditures of −$3K left free cash flow of $87.6M.
Questions
What was Appfolio's revenue in the second quarter 2026?
Appfolio (APPF) reported revenue of $281M for the second quarter 2026 (Q2 2026), +19% from a year earlier and +7% from the quarter before.
Was Appfolio profitable in the second quarter 2026?
Operating profit was $53.0M (18.8% of revenue) and net earnings $41.5M.
Source: Appfolio 10-Q on SEC EDGAR.