Filing Flows › Appfolio (APPF) › Q3 2026 › vs Q2 2026
Appfolio (APPF) Q3 2026 vs Q2 2026 (quarter over quarter)
Appfolio's revenue rose $14.6M (+5%) from $281M in Q2 2026 to $296M in Q3 2026. The biggest changes: Value Added Services +$12.5M (+6%); Subscription Services +$1.7M (+3%); Other +$361K (+19%). Operating margin 19.4% against 18.8% (+0.6 pts).
Appfolio, Q3 2026: revenue $296M (+19% year over year), operating margin 19.4%, net earnings $46.0M, operating cash flow $96.8M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.4% | 18.8% | +0.6 pts |
| Net margin | 15.5% | 14.8% | +0.8 pts |
| Free cash flow margin | 32.7% | 31.2% | +1.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Value Added Services | $232M | $219M | $12.5M | +6% |
| Subscription Services | $61.5M | $59.8M | $1.7M | +3% |
| Other | $2.2M | $1.9M | $361K | +19% |
| Revenue | $296M | $281M | $14.6M | +5% |
| Other income, net | $2.2M | $1.4M | $769K | +54% |
| Operating profit | $57.4M | $53.0M | $4.4M | +8% |
| Costs & expenses | $238M | $228M | $10.1M | +4% |
| Pre-tax earnings | $59.6M | $54.4M | $5.2M | +10% |
| Cost of revenue | $106M | $103M | $3.0M | +3% |
| Research & development | $53.1M | $51.0M | $2.1M | +4% |
| Sales & marketing | $48.6M | $43.9M | $4.7M | +11% |
| General & admin | $26.0M | $25.6M | $327K | +1% |
| Other operating costs | $5.0M | $5.0M | $11K | +0.2% |
| Net earnings | $46.0M | $41.5M | $4.4M | +11% |
| Income tax | $13.6M | $12.9M | $769K | +6% |
| Depreciation & amortization | $5.0M | $5.0M | $11K | +0.2% |
| Share-based compensation | $20.6M | $20.5M | $129K | +0.6% |
| Working capital & other | $25.2M | $20.6M | $4.6M | +22% |
| Operating cash flow | $96.8M | $87.6M | $9.2M | +10% |
| Free cash flow (OCF − capex) | $96.8M | $87.6M | $9.1M | +10% |
| Capital expenditures | $14K | −$3K | $17K | — |
Questions
How much did Appfolio's revenue grow quarter over quarter in Q3 2026?
Appfolio's revenue rose $14.6M (+5%) from $281M in Q2 2026 to $296M in Q3 2026.
What drove Appfolio's revenue change in Q3 2026?
Value Added Services +$12.5M (+6%); Subscription Services +$1.7M (+3%); Other +$361K (+19%).