AppFolio reported second-quarter 2026 results with revenue of $281.12M, up 19.3% from the prior-year quarter, and diluted EPS of $1.17, compared with $0.99 a year earlier; net income was $41.54M, up 15.5% year over year.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$281.12M$235.58M19.3% | Net income²$41.54M$35.98M15.5% | Diluted EPS³$1.17$0.9918.2% |
¹ Reported as “Revenue”. ² Reported as “Net income”. ³ Reported as “Diluted income per common share”.
Business Highlights
- Revenue growth was driven by higher usage of value‑added services, notably payments, tenant screening and risk services.
- Units under management rose 8% year over year to 9.6M, and customer count increased to 22,751, reflecting continued market penetration.
- GAAP operating income improved 31% and non‑GAAP margins expanded to 27.1%, indicating scalable operations amid ongoing R&D and go‑to‑market investment.
- Management expects full‑year revenue growth with stable expense ratios while continuing to invest in product and sales initiatives.
Original SEC Filing:
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