Company / Operating Margin
AppLovin Operating Margin History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
75.8%
FY2025
5-year range
-1.7% / 75.8%
FY2021-FY2025
Trend
+27.8%
vs FY2024
Sector context
#1 of 286
Information Technology
What the data says
Among 286 Information Technology companies, AppLovin is in the top 1% for operating margin. Operating Margin has increased for 3 consecutive years, from -1.7% in FY2022 to 75.8% in FY2025.
Based on SEC 10-K filings.
75.8% in FY2025 with a 5-year CAGR of +80.0%. Ranks 1st among 286 companies in Information Technology.
Improved from 41.9% to 75.8% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +77.5pp
- 5-Year Change
- +80.0pp
- 10-Year Change
- -
Sector benchmark
+135.9% above sector average
Key checks
Key Insights
- AppLovin's operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 27.8% year-over-year.
- Currently 286.6pp above the Information Technology sector average.
- Lowest operating margin in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 3.21 (safe zone, above 2.9 threshold)
- Strong profit margin: 45.3%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 192.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 75.8% | +27.8% |
| FY2024 | 59.3% | +41.3% |
| FY2023 | 41.9% | +2567.1% |
| FY2022 | -1.7% | -131.7% |
| FY2021 | 5.4% | +225.6% |
| FY2020 | -4.3% | -121.9% |
| FY2019 | 19.6% | - |
As of FY2025 · SEC Form 10-K · Last checked Jun 21, 2026