The raised full-year guidance and expanding margins suggest continued operational leverage. Watch for Q4 2026 results and any further upward revision to FY2027 outlook on the earnings call.
Price Chart
Executive Summary
AppFolio reported Q3 2026 revenue of $295.7M (up 19% YoY) and non-GAAP diluted EPS of $1.82, beating consensus estimates of $286.7M and $1.72 respectively. The company raised its full-year 2026 revenue guidance to $1.122-$1.127B (from $1.110-$1.125B) and tightened non-GAAP operating margin guidance to 26.5%-27.5%. Strong revenue growth, margin expansion, and raised guidance reinforce the company's execution trajectory.
Key Financial Metrics
Key Facts
- Q3 2026 revenue grew 19% YoY to $295.7M, beating $286.7M consensus
- Non-GAAP diluted EPS of $1.82 beat consensus of $1.72 by 5.8%
- GAAP operating income grew 64% YoY to $57.4M (19.4% margin vs 14.1%)
- Non-GAAP operating income grew 38% YoY to $80.7M (27.3% margin vs 23.5%)
- Full-year 2026 revenue guidance raised to $1.122-$1.127B from $1.110-$1.125B
- Full-year non-GAAP operating margin guidance tightened to 26.5%-27.5% from 26.0%-28.0%
- Operating cash flow was $96.8M (32.7% of revenue) vs $86.0M (34.5%) in Q3 2025
- Total units under management grew 8% YoY to 9.8 million
Financial Impact
Revenue beat of $9.0M (3.1%) vs consensus; EPS beat of $0.10 (5.8%); guidance raised by $12M at midpoint
Risk Factors
- Sales & marketing spend grew 35% YoY, outpacing revenue growth of 19%
- Operating cash flow margin declined to 32.7% from 34.5% YoY
- Units under management growth decelerated to 8% YoY from prior quarters
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001433195-26-000062 |
| Document: appf-20261022.htm | 0001433195-26-000062 |
| Document: 0001433195-26-000062-index-headers.html | 0001433195-26-000062 |
| Document: 0001433195-26-000062-index.html | 0001433195-26-000062 |
| Document: 0001433195-26-000062.txt | 0001433195-26-000062 |
| 8-K Data (Synthetic) | 0001433195-26-000062 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $210.62 $214.32 | ▲ +1.76% | ▲ +1.05% | $201.45 (−4.36%) |
Oct 22, 2026 5d ago | Press Release | $210.62 $214.32 | ▲ +1.76% | ▲ +1.05% | $201.45 (−4.36%) |
Sep 24, 2026 4w ago | Press Release | $204.43 $204.22 | ▼ −0.10% | ▼ −0.65% | $201.45 (−1.46%) |
Aug 24, 2026 9w ago | Insider Cluster | $223.05 $223.18 | ▲ +0.06% | ▲ +0.04% | $201.45 (−9.69%) |
Aug 20, 2026 9w ago | Insider Cluster | $224.40 $225.10 | ▲ +0.31% | ▲ +0.61% | $201.45 (−10.23%) |
Aug 20, 2026 9w ago | Insider Cluster | $224.40 $225.10 | ▼ −0.31% | ▼ −0.61% | $201.45 (+10.23%) |
Aug 18, 2026 10w ago | Insider Cluster | $215.22 $218.85 | ▲ +1.69% | ▲ +2.53% | $201.45 (−6.40%) |
Aug 17, 2026 10w ago | Insider Cluster | $203.95 $215.22 | ▲ +5.53% | ▲ +5.32% | $201.45 (−1.23%) |
Aug 14, 2026 10w ago | Insider Cluster | $195.97 $203.95 | ▲ +4.07% | ▲ +4.75% | $201.45 (+2.80%) |
Aug 12, 2026 10w ago | Insider Cluster | $203.97 $204.21 | ▲ +0.12% | ▲ +0.32% | $201.45 (−1.24%) |
US Market Status
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