AppFolio Q2 Revenue Grows 19% to $281M, Raises FY2026 Guidance Above Expectations
APPF is trading near its 52-week low of $142.56 (12% above the low) on elevated volume (2.4× avg).
Summary
AppFolio reported Q2 2026 revenue of $281M, up 19% YoY, and raised FY2026 revenue guidance to $1.117B-$1.127B with non-GAAP operating margin of 26.5%-28.0%. The company crossed $1B in trailing twelve-month revenue for the first time.
Key Events · Earnings and Guidance · APPF
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Q2 Revenue Up 19% to $281M
Revenue grew 19% year-over-year to $281 million, driven by 8% growth in total units under management to 9.6 million.
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FY2026 Guidance Raised
Full-year revenue guidance increased to $1.117B-$1.127B, and non-GAAP operating margin guidance raised to 26.5%-28.0%, reflecting strong execution and confidence.
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Trailing Revenue Crosses $1B
For the first time, trailing twelve-month revenue exceeded $1 billion, a milestone the company attributes to customer adoption of its AI-powered real estate platform.
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Profitability Expansion
GAAP operating income grew 31% to $53M (18.8% of revenue), while non-GAAP operating income grew 24% to $76M (27.1% of revenue), demonstrating operating leverage.
Analysis · APPF · Technology
AppFolio delivered a strong Q2 with 19% revenue growth and expanding margins, crossing $1B in trailing twelve-month revenue for the first time. The company raised its full-year revenue and margin guidance, signaling confidence in sustained momentum. The results and outlook likely exceed current analyst expectations, reinforcing the company's growth trajectory and operational leverage.
At the time of this filing, APPF was trading at $160.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $142.56 to $326.04. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.