AppFolio Q3 revenue slightly beats estimates on strong customer adoption

AppFolio

22/10/2026 21:11

Overview
US real estate software firm's Q3 revenue grew 19%, slightly beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company raised full-year revenue and non-GAAP operating margin outlook

Outlook
Appfolio raises 2026 revenue outlook to $1.122-$1.127 bln
Company expects 2026 non-GAAP operating margin of 26.5%-27.5%
Appfolio expects diluted weighted average shares outstanding of about 36 mln for 2026

Result Drivers
CUSTOMER ADOPTION - Co said new and existing customers continued to adopt its performance platform, according to CEO Shane Trigg
UNITS UNDER MANAGEMENT - Total units under management grew 8% year-over-year to 9.8 mln

Company press release: ID:nGNXbBF6dM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$295.69 mln
$294.41 mln (8 Analysts)
Q3 Adjusted EPS
Beat
$1.82
$1.79 (7 Analysts)
Q3 EPS
 
$1.29
 
Q3 Net Income
 
$45.98 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 2 "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 $230.81, about 6.3% above its October 21 closing price of $217.20
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Oct 20 - Sweden's Exsitec Q3 net sales rise on recurring software revenue
Oct 21 - Germany's SAP hits €10 billion quarterly revenue milestone, lifts 2026 view
Oct 20 - Pegasystems Q3 revenue, adjusted EPS miss estimates as contract growth slows

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)