Filing Flows › Appfolio (APPF) › How it makes money
How Appfolio (APPF) makes money
Appfolio (APPF) made $296M of revenue in the third quarter 2026 (Q3 2026), +19% from a year earlier. Value Added Services brought in $232M (78%); Subscription Services brought in $61.5M (21%); Other brought in $2.2M (1%). Of every dollar of revenue, 19¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Value Added Services | $232M | 78.4% | +6% | +21% |
| Subscription Services | $61.5M | 20.8% | +3% | +14% |
| Other | $2.2M | 0.8% | +19% | -37% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $296M | 100.0% |
| Operating profit | $57.4M | 19.4% |
| Income tax | $13.6M | 4.6% |
| Net earnings | $46.0M | 15.5% |
| Operating cash flow | $96.8M | 32.7% |
| Free cash flow | $96.8M | 32.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $296M | +19% |
| Q2 2026 | $281M | +19% |
| Q1 2026 | $262M | +20% |
| Q4 2025 | $248M | +22% |
| Q3 2025 | $249M | +21% |
| Q2 2025 | $236M | +19% |
| Q1 2025 | $218M | +16% |
From Appfolio's 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Appfolio make money?
Appfolio (APPF) made $296M of revenue in the third quarter 2026 (Q3 2026), +19% from a year earlier. Value Added Services brought in $232M (78%); Subscription Services brought in $61.5M (21%); Other brought in $2.2M (1%). Of every dollar of revenue, 19¢ was left as operating profit, 16¢ was left as net earnings.
What is Appfolio's biggest business?
Value Added Services: $232M in the third quarter 2026, 78% of revenue, +21% from a year earlier.
What is Appfolio's profit margin?
Net earnings were $46.0M, 15.5% of revenue, in the third quarter 2026; the operating margin was 19.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.