META · Meta Platforms, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56.31B | - | $51.24B | $47.52B | $42.31B | - | $40.59B | $39.07B | $36.45B | - |
| Cost of Revenue | $10.22B | - | $9.21B | $8.49B | $7.57B | - | $7.38B | $7.31B | $6.64B | - |
| Gross Profit | $46.09B | - | $42.04B | $39.02B | $34.74B | - | $33.21B | $31.76B | $29.82B | - |
| R&D | $17.70B | - | $15.14B | $12.94B | $12.15B | - | $11.18B | $10.54B | $9.98B | - |
| SG&A | $2.61B | - | $3.51B | $2.66B | $2.28B | - | $1.86B | $3.66B | $3.46B | - |
| Total Operating Expenses | $33.44B | - | $30.71B | $27.07B | $24.76B | - | $23.24B | $24.22B | $22.64B | - |
| D&A | $6.00B | - | $4.76B | $4.28B | $3.90B | - | $3.96B | $3.58B | $3.37B | - |
| Operating Income | $22.87B | - | $20.54B | $20.44B | $17.55B | - | $17.35B | $14.85B | $13.82B | - |
| Interest Expense | - | - | - | - | - | - | $200.00M | - | - | - |
| Income Tax | ($5.02B) | - | $18.95B | $2.20B | $1.74B | - | $2.13B | $1.64B | $1.81B | - |
| Net Income | $26.77B | - | $2.71B | $18.34B | $16.64B | - | $15.69B | $13.46B | $12.37B | - |
| EPS - Basic | $10.57 | - | $1.08 | $7.28 | $6.59 | - | $6.20 | $5.31 | $4.86 | - |
| EPS - Diluted | $10.44 | - | $1.05 | $7.14 | $6.43 | - | $6.03 | $5.16 | $4.71 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $23.43B | $35.87B | $10.19B | $12.01B | $28.75B | $43.89B | $43.85B | $32.05B | $32.31B | $41.86B |
| Accounts Receivable | $17.47B | $19.77B | $17.30B | $16.56B | $14.51B | $16.99B | $14.70B | $14.51B | $13.43B | $16.17B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $13.33B | $8.89B | $7.80B | $10.27B | $8.51B | $7.69B | $7.66B | $3.17B | $3.79B | $4.85B |
| Current Assets | $109.77B | $108.72B | $73.12B | $73.61B | $90.23B | $100.05B | $91.07B | $76.43B | $75.33B | $85.36B |
| Total Assets | $395.25B | $366.02B | $303.84B | $294.74B | $280.21B | $276.05B | $256.41B | $230.24B | $222.84B | $229.62B |
| Current Liabilities | $46.75B | $41.84B | $36.96B | $37.30B | $33.89B | $33.60B | $33.33B | $27.00B | $28.10B | $31.96B |
| Long-term Debt | $58.75B | $58.74B | $28.83B | $28.83B | $28.83B | $28.83B | $28.82B | $18.39B | $18.39B | $18.39B |
| Total Liabilities | $151.57B | $148.78B | $109.78B | $99.67B | $95.18B | $93.42B | $91.88B | $73.47B | $73.31B | $76.45B |
| Stockholders' Equity | $243.68B | $217.24B | $194.07B | $195.07B | $185.03B | $182.64B | $164.53B | $156.76B | $149.53B | $153.17B |
| Retained Earnings | $144.65B | $121.18B | $101.58B | $106.34B | $101.33B | $102.51B | $84.97B | $81.19B | $76.79B | $82.07B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $32.23B | - | - | - | $24.03B | - | - | - | $19.25B | - |
| Investing Cash Flow | ($33.68B) | - | - | - | ($20.01B) | - | - | - | ($8.73B) | - |
| Financing Cash Flow | ($6.55B) | - | - | - | ($19.50B) | - | - | - | ($19.77B) | - |
| CapEx | $19.00B | - | - | - | $12.94B | - | - | - | $6.40B | - |
| Free Cash Flow | $13.23B | - | - | - | $11.09B | - | - | - | $12.85B | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 81.9% | - | 82.0% | 82.1% | 82.1% | - | 81.8% | 81.3% | 81.8% | - |
| Operating margin | 40.6% | - | 40.1% | 43.0% | 41.5% | - | 42.7% | 38.0% | 37.9% | - |
| EBITDA margin | 51.3% | - | 49.4% | 52.0% | 50.7% | - | 52.5% | 47.2% | 47.2% | - |
| Net margin | 47.5% | - | 5.3% | 38.6% | 39.3% | - | 38.7% | 34.5% | 33.9% | - |
| Free cash flow margin | 23.5% | - | - | - | 26.2% | - | - | - | 35.2% | - |
| FCF / Net income | 0.49 | - | - | - | 0.67 | - | - | - | 1.04 | - |
| R&D / Revenue | 31.4% | - | 29.6% | 27.2% | 28.7% | - | 27.5% | 27.0% | 27.4% | - |
| SG&A / Revenue | 4.6% | - | 6.9% | 5.6% | 5.4% | - | 4.6% | 9.4% | 9.5% | - |
| Effective tax rate | -23.1% | - | 87.5% | 10.7% | 9.5% | - | 12.0% | 10.9% | 12.8% | - |
| Return on assets | 6.8% | - | 0.9% | 6.2% | 5.9% | - | 6.1% | 5.8% | 5.6% | - |
| Return on equity | 11.0% | - | 1.4% | 9.4% | 9.0% | - | 9.5% | 8.6% | 8.3% | - |
| Return on invested capital | 7.6% | - | 4.6% | 8.2% | 7.4% | - | 7.9% | 7.6% | 7.2% | - |
| Liquidity | ||||||||||
| Current ratio | 2.35 | 2.60 | 1.98 | 1.97 | 2.66 | 2.98 | 2.73 | 2.83 | 2.68 | 2.67 |
| Quick ratio | 2.35 | 2.60 | 1.98 | 1.97 | 2.66 | 2.98 | 2.73 | 2.83 | 2.68 | 2.67 |
| Cash ratio | 0.50 | 0.86 | 0.28 | 0.32 | 0.85 | 1.31 | 1.32 | 1.19 | 1.15 | 1.31 |
| Leverage | ||||||||||
| Debt / Equity | 0.24 | 0.27 | 0.15 | 0.15 | 0.16 | 0.16 | 0.18 | 0.12 | 0.12 | 0.12 |
| Debt / Assets | 0.15 | 0.16 | 0.09 | 0.10 | 0.10 | 0.10 | 0.11 | 0.08 | 0.08 | 0.08 |
| Debt / EBITDA | 2.03 | - | 1.14 | 1.17 | 1.34 | - | 1.35 | 1.00 | 1.07 | - |
| Interest coverage | - | - | - | - | - | - | 86.8x | - | - | - |
| Equity multiplier | 1.62 | 1.68 | 1.57 | 1.51 | 1.51 | 1.51 | 1.56 | 1.47 | 1.49 | 1.50 |
| Liabilities / Assets | 0.38 | 0.41 | 0.36 | 0.34 | 0.34 | 0.34 | 0.36 | 0.32 | 0.33 | 0.33 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.17 | 0.16 | 0.15 | - | 0.16 | 0.17 | 0.16 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 113d | - | 123d | 127d | 125d | - | 132d | 136d | 134d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 476d | - | 309d | 442d | 410d | - | 379d | 158d | 208d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 54.8x | - | 699.4x | 103.4x | 89.6x | - | 94.9x | 97.7x | 103.1x | - |
| P / B | 6.0x | - | 9.7x | 9.7x | 8.1x | - | 9.0x | 8.4x | 8.5x | - |
| P / S | 26.1x | - | 36.9x | 39.9x | 35.3x | - | 36.7x | 33.7x | 35.0x | - |
| EV / EBITDA | 52.0x | - | 75.4x | 77.4x | 69.6x | - | 69.1x | 70.7x | 73.3x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 33.1% | - | 26.2% | 21.6% | 16.1% | - | 18.9% | 22.1% | 27.3% | - |
| Revenue CAGR (3y) | 25.3% | - | 22.7% | 18.1% | 14.9% | - | 11.8% | 10.3% | 11.7% | - |
| Revenue CAGR (5y) | 16.6% | - | 19.0% | 20.5% | 19.0% | - | 18.1% | 18.3% | 19.3% | - |
| Gross profit growth (YoY) | 32.7% | - | 26.6% | 22.9% | 16.5% | - | 18.9% | 21.9% | 32.3% | - |
| Operating income growth (YoY) | 30.3% | - | 18.4% | 37.7% | 27.0% | - | 26.2% | 58.1% | 91.2% | - |
| Net income growth (YoY) | 60.9% | - | -82.7% | 36.2% | 34.6% | - | 35.4% | 72.9% | 116.7% | - |
| EPS growth (YoY) | 62.4% | - | -82.6% | 38.4% | 36.5% | - | 37.4% | 73.2% | 114.1% | - |
| EPS CAGR (3y) | 68.0% | - | -13.8% | 42.6% | 33.2% | - | 23.3% | 12.6% | 12.6% | - |
| EPS CAGR (5y) | 25.9% | - | -17.3% | 31.7% | 30.3% | - | 23.3% | 41.5% | 40.8% | - |
| FCF growth (YoY) | 19.3% | - | - | - | -13.7% | - | - | - | 79.5% | - |
| FCF CAGR (5y) | 10.7% | - | - | - | 8.3% | - | - | - | 18.6% | - |
| Book value growth (YoY) | 31.7% | 18.9% | 18.0% | 24.4% | 23.7% | 19.2% | 15.2% | 17.0% | 19.8% | 21.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$200.97B totalFamily Of Apps$198.76B · 98.9%
Reality Labs$2.21B · 1.1%
Product / service
$198.76B totalAdvertising$196.18B · 98.7%
Service Other$2.58B · 1.3%
Geographic
$275.75B totalUSCanada$78.87B · 28.6%
US$74.78B · 27.1%
Asia Pacific$53.82B · 19.5%
Europe$46.57B · 16.9%
Rest Of World$21.71B · 7.9%
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing Meta Platforms against the 5 most active filers in the same SIC group.
Dividends
$2.10/share trailing 12 months · +3.7% YoY
| Ex-date | Per share |
|---|---|
| Mar 16, 2026 | $0.5250 |
| Dec 15, 2025 | $0.5250 |
| Sep 22, 2025 | $0.5250 |
| Jun 16, 2025 | $0.5250 |
| Mar 14, 2025 | $0.5250 |
| Dec 16, 2024 | $0.5000 |
| Sep 16, 2024 | $0.5000 |
| Jun 14, 2024 | $0.5000 |
| Feb 21, 2024 | $0.5000 |