Capital spending plans
Spending at that level could leave less cash for shareholders even if advertising grows.
Meta Platforms reports its Q4 FY2026 results on 27 January 2027, after the market closes. Analysts expect earnings per share of 8.38 USD and revenue of 75.02B USD.
In Q3 FY2026, reported on 21 October 2026, Meta Platforms earned 7.40 USD a share against the 6.54 USD analysts expected (+13.1%), on revenue of 64.60B USD against 63.34B USD (+2.0%).
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth | Next-day move |
|---|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2028 | 9.75 | — | — | — | 94.25B | — | — | — | — | |
| Q2 FY2028 | 8.82 | — | — | — | 88.86B | — | — | — | — | |
| Q1 FY2028 | 8.76 | — | — | — | 82.24B | — | — | — | — | |
| Q4 FY2026 | 8.38 | — | — | -5.63% | 75.02B | — | — | +25.26% | — | |
| Q3 FY2026 | 6.54 | 7.40 | +13.15% | +604.76% | 63.34B | 64.60B | +1.99% | +26.07% | -7.2% | |
| Q2 FY2026 | 7.19 | 6.18 | -14.05% | -13.45% | 60.22B | 60.80B | +0.96% | +27.96% | -8.2% | |
| Q1 FY2026 | 6.70 | 10.44 | +55.82% | +62.36% | 55.56B | 56.31B | +1.36% | +33.08% | -8.6% | |
| Q4 FY2025 | 8.19 | 8.88 | +8.42% | +10.72% | 58.33B | 59.89B | +2.68% | +23.78% | +10.5% | |
| Q3 FY2025 | 6.72 | 1.05 | -84.38% | -82.59% | 49.51B | 51.24B | +3.50% | +26.25% | -11.4% | |
| Q2 FY2025 | 5.88 | 7.14 | +21.43% | +38.37% | 44.82B | 47.52B | +6.01% | +21.61% | +11.2% | |
| Q1 FY2025 | 5.23 | 6.43 | +22.94% | +36.52% | 41.34B | 42.31B | +2.36% | +16.07% | +4.6% | |
| Q4 FY2024 | 6.75 | 8.02 | +18.81% | +50.47% | 47.00B | 48.39B | +2.94% | +20.63% | +1.5% | |
| Q3 FY2024 | 5.25 | 6.03 | +14.86% | +37.36% | 40.20B | 40.59B | +0.96% | +18.87% | -4.1% | |
| Q2 FY2024 | 4.73 | 5.16 | +9.09% | +73.15% | 38.26B | 39.07B | +2.12% | +22.10% | +5.0% | |
| Q1 FY2024 | 4.32 | 4.71 | +9.03% | +114.09% | 36.15B | 36.46B | +0.85% | +27.26% | -10.6% | |
| Q4 FY2023 | 4.96 | 5.33 | +7.46% | +202.84% | 39.17B | 40.11B | +2.41% | +24.70% | +20.3% | |
| Q3 FY2023 | 3.63 | 4.39 | +20.94% | +167.68% | 31.65B | 34.15B | +7.90% | +23.21% | -3.8% | |
| Q2 FY2023 | 2.92 | 2.98 | +2.05% | +21.14% | 27.97B | 32.00B | +14.41% | +11.02% | +4.3% | |
| Q1 FY2023 | 2.03 | 2.20 | +8.37% | -19.12% | 27.65B | 28.65B | +3.58% | +2.64% | +14.0% | |
| Q4 FY2022 | 2.22 | 1.76 | -20.72% | -52.04% | 31.55B | 32.17B | +1.95% | -4.47% | +23.3% | |
| Q3 FY2022 | 1.89 | 1.64 | -13.23% | -49.07% | 27.44B | 27.71B | +1.00% | -4.47% | -24.6% | |
| Q2 FY2022 | 2.59 | 2.46 | -5.02% | -31.86% | 28.91B | 28.82B | -0.30% | -0.88% | -5.1% | |
| Q1 FY2022 | 2.56 | 2.72 | +6.25% | -17.58% | 28.28B | 27.91B | -1.31% | +6.64% | -0.7% | |
| Q4 FY2021 | 3.84 | 3.67 | -4.43% | -5.41% | 33.37B | 33.67B | +0.90% | +19.95% | -26.4% | |
| Q3 FY2021 | 3.19 | 3.22 | +0.94% | +34.17% | 29.55B | 29.01B | -1.81% | +35.12% | -4.0% | |
| Q2 FY2021 | 3.03 | 3.61 | +19.14% | +100.56% | 29.48B | 29.08B | -1.37% | +55.60% | -4.0% | |
| Q1 FY2021 | 2.37 | 3.30 | +39.24% | +92.98% | 23.52B | 26.17B | +11.29% | +47.55% | +7.3% | |
| Q4 FY2020 | 3.22 | 3.88 | +20.50% | +51.56% | 22.32B | 28.07B | +25.79% | +33.16% | -2.8% | |
| Q3 FY2020 | 1.91 | 2.40 | +25.65% | +13.21% | 15.13B | 21.47B | +41.88% | +21.63% | -5.9% | |
| Q2 FY2020 | 1.39 | 1.80 | +29.50% | -9.55% | 14.43B | 18.69B | +29.50% | +10.67% | +8.1% | |
| Q1 FY2020 | 1.75 | 1.71 | -2.29% | -9.52% | 18.26B | 17.74B | -2.84% | +17.64% | +5.5% | |
| Q4 FY2019 | 2.53 | 2.56 | +1.19% | +7.56% | 20.83B | 21.08B | +1.19% | +24.64% | -6.1% | |
| Q3 FY2019 | 1.91 | 2.12 | +10.99% | +20.45% | 15.90B | 17.65B | +10.99% | +28.59% | +1.9% | |
| Q2 FY2019 | 1.88 | 1.99 | +5.85% | +14.37% | 34.89B | 16.89B | -51.60% | +27.62% | -2.7% | |
| Q1 FY2019 | 1.63 | 1.89 | +15.95% | +11.83% | 28.91B | 15.08B | -47.85% | +26.00% | +5.8% | |
| Q4 FY2018 | 2.19 | 2.38 | +8.68% | +7.69% | 15.56B | 16.91B | +8.68% | +30.39% | +10.8% | |
| Q3 FY2018 | 1.47 | 1.76 | +19.73% | +10.69% | 11.47B | 13.73B | +19.73% | +32.91% | +3.8% | |
| Q2 FY2018 | 1.72 | 1.74 | +1.16% | +31.82% | 13.08B | 13.23B | +1.16% | +41.95% | -19.0% | |
| Q1 FY2018 | 1.35 | 1.69 | +25.19% | +30.00% | 9.56B | 11.97B | +25.19% | +48.98% | +9.0% | |
| Q4 FY2017 | 1.95 | 2.21 | +13.33% | +56.74% | 17.57B | 12.97B | -26.15% | +47.26% | +3.3% | |
| Q3 FY2017 | 1.28 | 1.59 | +24.22% | +45.87% | 8.31B | 10.33B | +24.22% | +47.31% | -2.0% | |
| Q2 FY2017 | 1.13 | 1.32 | +16.81% | +36.08% | 7.98B | 9.32B | +16.81% | +44.83% | +2.9% | |
| Q1 FY2017 | 1.12 | 1.30 | +16.07% | +68.83% | 8.65B | 8.03B | -7.14% | +49.24% | -0.5% | |
| Q4 FY2016 | 1.31 | 1.41 | +7.63% | +78.48% | 8.18B | 8.81B | +7.63% | +50.81% | -1.8% | |
| Q3 FY2016 | 0.97 | 1.09 | +12.37% | +91.23% | 6.24B | 7.01B | +12.37% | +55.77% | -5.8% | |
| Q2 FY2016 | 0.82 | 0.97 | +18.29% | +94.00% | 5.44B | 6.44B | +18.29% | +59.23% | +1.3% | |
| Q1 FY2016 | 0.62 | 0.77 | +24.19% | +83.33% | 4.33B | 5.38B | +24.19% | +51.91% | +7.2% | |
| Q4 FY2015 | 0.68 | 0.79 | +16.18% | +46.30% | 5.03B | 5.84B | +16.18% | +51.67% | +15.5% | |
| Q3 FY2015 | 0.52 | 0.57 | +9.62% | +32.56% | 4.11B | 4.50B | +9.62% | +40.52% | +4.6% | |
| Q2 FY2015 | 0.47 | 0.50 | +6.38% | +19.05% | 3.80B | 4.04B | +6.38% | +38.90% | -1.8% | |
| Q1 FY2015 | 0.40 | 0.42 | +5.00% | +23.53% | 3.37B | 3.54B | +5.00% | +41.61% | -2.6% | |
| Q4 FY2014 | 0.49 | 0.54 | +10.20% | +74.19% | 3.49B | 3.85B | +10.20% | +48.97% | +2.3% | |
| Q3 FY2014 | 0.40 | 0.43 | +7.50% | +72.00% | 2.98B | 3.20B | +7.50% | +58.88% | -6.1% | |
| Q2 FY2014 | 0.32 | 0.42 | +31.25% | +121.05% | 2.22B | 2.91B | +31.25% | +60.51% | +5.2% | |
| Q1 FY2014 | 0.24 | 0.34 | +41.67% | +183.33% | 1.77B | 2.50B | +41.67% | +71.60% | -0.8% | |
| Q4 FY2013 | 0.27 | 0.31 | +14.81% | +82.35% | 2.25B | 2.59B | +14.81% | +63.09% | +14.1% | |
| Q3 FY2013 | 0.19 | 0.25 | +31.58% | +108.33% | 1.53B | 2.02B | +31.58% | +59.75% | +2.4% | |
| Q2 FY2013 | 0.14 | 0.19 | +35.71% | +58.33% | 1.34B | 1.81B | +35.71% | +71.36% | +29.6% | |
| Q1 FY2013 | 0.13 | 0.12 | -7.69% | — | 1.58B | 1.46B | -7.69% | — | +5.6% | |
| Q4 FY2012 | 0.15 | 0.17 | +13.33% | +43.82% | 1.40B | 1.59B | +13.33% | +40.14% | -0.8% | |
| Q3 FY2012 | 0.11 | 0.12 | +9.09% | +35.12% | 1.16B | 1.26B | +9.09% | +32.29% | +19.1% | |
| Q2 FY2012 | — | -0.08 | — | -188.99% | — | 1.18B | — | +32.29% | -3.8% | |
| Q2 FY2012 | 0.12 | 0.12 | 0.00% | +27.80% | 1.18B | 1.06B | -10.64% | +18.21% | -11.7% | |
| Q4 FY2011 | — | 0.12 | — | +29.66% | — | 1.13B | — | +54.72% | — | |
| Q3 FY2011 | — | 0.09 | — | — | — | 954.00M | — | — | — | |
| Q2 FY2011 | — | 0.09 | — | — | — | 895.00M | — | — | — | |
| Q4 FY2010 | — | 0.09 | — | — | — | 731.00M | — | — | — |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 40.03 | — | — | +17.27% | 371.99B | — | — | +19.12% |
| FY2027 | 34.13 | — | — | +16.96% | 312.29B | — | — | +21.74% |
| FY2026 | 29.18 | — | — | +24.19% | 256.52B | — | — | +27.65% |
| FY2025 | 22.92 | 23.50 | +2.52% | -1.76% | 199.57B | 200.97B | +0.70% | +22.17% |
| FY2024 | 22.68 | 23.92 | +5.49% | +60.54% | 163.12B | 164.50B | +0.85% | +21.94% |
| FY2023 | 14.41 | 14.90 | +3.39% | +73.66% | 133.68B | 134.90B | +0.91% | +15.69% |
| FY2022 | 9.08 | 8.58 | -5.53% | -37.83% | 116.05B | 116.61B | +0.48% | -1.12% |
The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.
From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.
Spending at that level could leave less cash for shareholders even if advertising grows.
On average, analysts' EPS estimate was 23.3% off the result, either way, and their revenue estimate 2.3%, over the last 12 quarters.
See also:Forecast,EPS,Income statement
Source: Financial Modeling Prep