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U.S. Application Software Industry Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies338
  • 7D0.7%
  • 3M2.5%
  • 1Y26.3%
  • YTDn/a

Last week, the Application Software industry hasn't moved much but AppLovin is up 14% in that time. The past year has been better, since the industry has gained 26% in that time. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

Has the U.S. Application Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Aug 2025US$2.3tUS$218.3bUS$30.7b34.4x73.5x10.3x
Fri, 25 Jul 2025US$2.3tUS$213.6bUS$16.5b46.5x139.5x10.8x
Sun, 22 Jun 2025US$2.2tUS$216.0bUS$16.9b40.6x128.7x10x
Tue, 20 May 2025US$2.2tUS$210.5bUS$17.1b36.4x128.1x10.4x
Thu, 17 Apr 2025US$1.8tUS$209.2bUS$21.4b30.3x85.3x8.7x
Sat, 15 Mar 2025US$1.8tUS$210.7bUS$20.9b27.7x87.5x8.7x
Mon, 10 Feb 2025US$2.2tUS$206.8bUS$20.6b44.6x108.3x10.8x
Wed, 08 Jan 2025US$2.1tUS$206.7bUS$20.1b40.6x106.9x10.4x
Fri, 06 Dec 2024US$2.3tUS$205.1bUS$19.8b42.9x115.8x11.2x
Sun, 03 Nov 2024US$1.9tUS$201.7bUS$18.6b38.7x99.7x9.2x
Tue, 01 Oct 2024US$1.8tUS$201.9bUS$18.9b38.7x94.2x8.8x
Thu, 29 Aug 2024US$1.8tUS$201.1bUS$17.4b36.4x101x8.7x
Sat, 27 Jul 2024US$1.7tUS$197.4bUS$16.9b40.8x99.9x8.6x
Mon, 24 Jun 2024US$1.7tUS$197.6bUS$16.4b40.8x102.5x8.5x
Wed, 22 May 2024US$1.7tUS$194.4bUS$14.3b43.1x121.3x8.9x
Fri, 19 Apr 2024US$1.6tUS$195.6bUS$11.3b44.6x144.8x8.4x
Sun, 17 Mar 2024US$1.8tUS$200.0bUS$11.0b49.6x159.2x8.8x
Tue, 13 Feb 2024US$1.8tUS$194.2bUS$5.0b50.5x361.4x9.3x
Thu, 11 Jan 2024US$1.8tUS$209.4bUS$1.9b48.8x937.8x8.5x
Sat, 09 Dec 2023US$1.7tUS$208.8bUS$2.2b51.6x779.9x8.3x
Mon, 06 Nov 2023US$1.6tUS$205.8b-US$79,938,122.0043.4x-19507.7x7.6x
Wed, 04 Oct 2023US$1.6tUS$203.9b-US$1,434,168,385.0045.1x-1081.7x7.6x
Fri, 01 Sep 2023US$1.6tUS$202.5b-US$2,178,873,139.0045.5x-748.5x8.1x
Sun, 30 Jul 2023US$1.6tUS$199.2b-US$7,748,629,518.0047.7x-204.8x8x
Tue, 27 Jun 2023US$1.5tUS$198.3b-US$5,986,335,876.0042.6x-246.2x7.4x
Thu, 25 May 2023US$1.4tUS$196.7b-US$6,799,115,420.0038.8x-202x7x
Sat, 22 Apr 2023US$1.4tUS$196.8b-US$4,465,002,368.0041.2x-311.6x7.1x
Mon, 20 Mar 2023US$1.3tUS$196.8b-US$5,518,084,757.0043.9x-242.7x6.8x
Wed, 15 Feb 2023US$1.4tUS$194.1b-US$5,311,179,678.0040.3x-259.5x7.1x
Fri, 13 Jan 2023US$1.2tUS$193.1b-US$5,444,519,124.0039.9x-227.1x6.4x
Sun, 11 Dec 2022US$1.2tUS$192.4b-US$5,487,014,477.0044.4x-218.3x6.2x
Tue, 08 Nov 2022US$1.1tUS$189.5b-US$4,010,451,046.0040.2x-278.5x5.9x
Thu, 06 Oct 2022US$1.3tUS$186.6b-US$6,068,963,675.0036x-211.5x6.9x
Sat, 03 Sep 2022US$1.4tUS$187.3b-US$5,899,618,211.0041.8x-229.9x7.2x
Price to Earnings Ratio

-229.9x


Total Market Cap: US$1.4tTotal Earnings: -US$5,899,618,211.00Total Revenue: US$187.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Application Software Industry Price to Earnings3Y Average -40.4x202320242025
Current Industry PE
  • Investors are optimistic on the American Application Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 73.5x which is higher than its 3-year average PE of -40.4x.
  • The 3-year average PS ratio of 8.4x is lower than the industry's current PS ratio of 10.3x.
Past Earnings Growth
  • Total earnings for the Application Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 5.2% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Application Software compare with similar industries?

US Market1.32%
Tech1.07%
Software-0.24%
Application Software0.69%
Systems Software-0.65%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
APP AppLovinUS$469.3313.7%
+US$19.2b		419.7%PE63.2x
PLTR Palantir TechnologiesUS$160.873.1%
+US$11.5b		429.9%PE500x
MSTR StrategyUS$351.364.4%
+US$4.2b		151.0%PE21x
ZM Zoom CommunicationsUS$78.819.2%
+US$1.7b		9.6%PE19.9x
U Unity SoftwareUS$40.077.6%
+US$1.2b		132.2%PS9.5x

Latest News

WDAY
US$222.88
Workday
7D
-3.0%
1Y
-15.8%

AI Expansion And Efficiency Measures Will Strengthen Future Performance

Workday’s consensus price target has been revised downward to $280.19 as analysts cite tepid organic growth, mixed quarter indicators, increasing competition, and persistent sector headwinds, despite continued profitability improvements. Analyst Commentary Q2 results generally exceeded expectations on revenue and margin, but organic growth guidance was maintained, with revenue outlook lifts mainly attributed to the Paradox acquisition rather than core business acceleration.
INTU
US$659.54
Intuit
7D
-5.9%
1Y
5.3%

AI-Powered QuickBooks And TurboTax Will Boost Efficiency And Customer Satisfaction

Intuit’s analyst price target was revised modestly lower to $820.44 as conservative FY26 guidance and moderating growth expectations—particularly in Global Business Solutions and Mailchimp—outweighed confidence in core segment strength and tax software momentum. Analyst Commentary Bullish analysts recognize Intuit’s solid FY25 revenue acceleration, mid-market momentum, and upside in core business segments, but note FY26 guidance was conservative and below Street expectations.
U
US$40.07
Unity Software
7D
7.6%
1Y
132.2%
IREN
US$22.99
IREN
7D
22.7%
1Y
192.5%

IREN will transform from bitcoin miner to leader in AI infrastructure

Purchase of 4.2k NVIDIA Blackwell B200 GPUs Initial commitment made from cash, financing conversations underway Deploying at Prince George data center Expands AI Cloud to approximately 8.5k GPUs $102m in financing secured for prior GPU purchases 36-month lease 100% of the purchase price Lease payments calculated utilizing high single digit interest rate
ZM
US$78.81
Zoom Communications
7D
9.2%
1Y
9.6%
PLTR
US$160.87
Palantir Technologies
7D
3.1%
1Y
429.9%
CRCL
US$129.05
Circle Internet Group
7D
-4.6%
1Y
n/a
ROP
US$524.45
Roper Technologies
7D
-3.0%
1Y
-4.7%
SNPS
US$596.00
Synopsys
7D
-2.7%
1Y
14.2%
HUBS
US$457.32
HubSpot
7D
3.2%
1Y
-8.9%
ADBE
US$354.91
Adobe
7D
-1.7%
1Y
-37.5%
CRM
US$243.74
Salesforce
7D
-0.9%
1Y
-7.7%
MSTR
US$351.36
Strategy
7D
4.4%
1Y
151.0%

Strategy's (NASDAQ:MSTR) Profits Appear To Have Quality Issues

Aug 18
Strategy's (NASDAQ:MSTR) Profits Appear To Have Quality Issues
APP
US$469.33
AppLovin
7D
13.7%
1Y
419.7%
ADSK
US$282.45
Autodesk
7D
-2.3%
1Y
9.9%
FICO
US$1,420.13
Fair Isaac
7D
2.5%
1Y
-17.2%

Fair Isaac Corporation's (NYSE:FICO) Share Price Is Still Matching Investor Opinion Despite 25% Slump

Aug 02
Fair Isaac Corporation's (NYSE:FICO) Share Price Is Still Matching Investor Opinion Despite 25% Slump