AppFolio Q2 revenue rises on customer growth, raises FY outlook

AppFolio

23/07/2026 21:13

    

    Overview
  
Real estate software firm's Q2 revenue rose 19% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company raised full-year revenue and non-GAAP operating margin outlook

    

    Outlook
  
AppFolio raises 2026 revenue outlook to $1.117-$1.127 bln
Company lifts 2026 non-GAAP operating margin forecast to 26.5%-28.0%
AppFolio expects diluted weighted average shares outstanding of about 36 mln for 2026

    

    Result Drivers
  
CUSTOMER GROWTH - Co said Q2 results reflected momentum with new and existing customers adopting its products and services
AI PLATFORM ADOPTION - Co said operators are embracing AI features that drive real performance outcomes

    
Company press release: ID:nGNX1Yt3p6

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$281.12 mln
$277.24 mln (8 Analysts)
Q2 Adjusted EPS
Beat
$1.71
$1.69 (7 Analysts)
Q2 Net Income
 
$41.54 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Appfolio Inc is $225.57, about 39.1% above its July 22 closing price of $162.21
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago

    

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)