META

Meta Platforms
D

META

Arincen80/100B

Meta Platforms financials

Yes. Meta Platforms earned 75.25B USD of net income over the last twelve months, 31.1% of its revenue. It made a profit in 17 of its 19 fiscal years since 2007. Its last loss was in fiscal year 2008.

Revenue (TTM)
241.61B USD
Net income (TTM)
75.25B USD
Free cash flow (TTM)
28.65B USD
Cash and short-term investments
82.45B USD
Total debt
112.10B USD
Shareholders' equity
272.39B USD

Cash, debt and equity as of 30 Sept 2026.

Meta Platforms earnings

Next earnings · Q4 FY2026
EPS estimate
8.38 USD
Revenue estimate
75.02B USD
Last quarter · Q3 FY2026
EPS7.40Beat +13.1%Revenue64.60BBeat +2.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20289.75———94.25B———
Q2 FY20288.82———88.86B———
Q1 FY20288.76———82.24B———
Q4 FY20268.38——-5.63%75.02B——+25.26%
Q3 FY20266.547.40+13.15%+604.76%63.34B64.60B+1.99%+26.07%
Q2 FY20267.196.18-14.05%-13.45%60.22B60.80B+0.96%+27.96%
Q1 FY20266.7010.44+55.82%+62.36%55.56B56.31B+1.36%+33.08%
Q4 FY20258.198.88+8.42%+10.72%58.33B59.89B+2.68%+23.78%
Q3 FY20256.721.05-84.38%-82.59%49.51B51.24B+3.50%+26.25%
Q2 FY20255.887.14+21.43%+38.37%44.82B47.52B+6.01%+21.61%

Meta Platforms growth and profitability

Full income statement
Revenue (TTM)
241.61B USD
Net income (TTM)
75.25B USD
Gross margin
81.03%
Operating margin
32.86%
Net margin
31.15%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY2025200.97B+22.17%60.46B-3.05%82.00%41.44%30.08%104.55B+20.34%
FY2024164.50B+21.94%62.36B+59.50%81.67%42.18%37.91%86.88B+47.12%
FY2023134.90B+15.69%39.10B+68.53%80.76%34.66%28.98%59.05B+56.68%
FY2022116.61B-1.12%23.20B-41.07%78.35%24.82%19.90%37.69B-31.81%
FY2021117.93B+37.18%39.37B+35.08%80.79%39.65%33.38%55.27B+39.82%

How Meta Platforms makes its money

Advertising196.18B 97.6%
Other revenue2.58B 1.3%
Reality Labs2.21B 1.1%
Revenue200.97B 100.0%
Cost of revenue36.18B 18.0%
Gross profit164.79B 82.0%
Research and development57.37B 28.5%
Selling and administration24.14B 12.0%
Operating income83.28B 41.4%
Tax25.47B 12.7%
Net income60.46B 30.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Meta Platforms revenue breakdown

By product

FY2025
Advertising: 97.6%Other revenue: 1.3%Reality Labs: 1.1%97.6%Advertising1.3%Other revenue1.1%Reality Labs
SegmentRevenueShare of revenueChange on the year
Advertising196.18B97.6%+22.1%
Other revenue2.58B1.3%+50.1%
Reality Labs2.21B1.1%+2.8%

By region

FY2025
US & Canada: 39.2%Asia Pacific: 26.8%Europe: 23.2%Rest Of World: 10.8%39.2%US & Canada26.8%Asia Pacific23.2%Europe10.8%Rest Of World
RegionRevenueShare of revenueChange on the year
US & Canada78.87B39.2%+24.8%
Asia Pacific53.82B26.8%+19.6%
Europe46.57B23.2%+21.4%
Rest Of World21.71B10.8%+21.1%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY2025115.80B46.11B
FY202491.33B54.07B
FY202371.11B43.85B
FY202250.48B19.04B
FY202157.68B39.12B
FY202038.75B23.63B
FY201936.31B21.21B
FY201829.27B15.36B
FY201724.22B17.48B
FY201616.11B11.62B

Meta Platforms financial health

Full balance sheet
Cash and short-term investments
82.45B USD
Total debt
112.10B USD
Net cash
-29.65B USD
Free cash flow (TTM)
28.65B USD
Current ratio
1.90
Debt to equity
0.41
Piotroski score
4 / 9
Altman Z-score
5.60

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202581.59B83.90B46.11B
FY202477.82B49.06B54.07B
FY202365.40B37.23B43.85B
FY202240.74B26.59B19.04B
FY202148.00B13.87B39.12B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY2025366.02B148.78B217.24B
FY2024276.05B93.42B182.64B
FY2023229.62B76.46B153.17B
FY2022185.73B60.01B125.71B
FY2021165.99B41.11B124.88B
FY2020159.32B31.03B128.29B
FY2019133.38B32.32B101.05B
FY201897.33B13.21B84.13B
FY201784.52B10.18B74.35B
FY201664.96B5.77B59.19B

Meta Platforms valuation

Price to earnings ratio (TTM)
20.39
Forward P/E (FY2026)
20.75
Price to sales (TTM)
5.55
Price to book
4.92
EV / EBITDA (TTM)
12.84

Capital structure

Market capitalization
1.34T USD
+
Total debt
112.10B USD
−
Cash and short-term investments
82.45B USD
=
Enterprise value
1.37T USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)15.13————
FY2027 (est.)17.7415.13———
FY2026 (est.)20.7517.74———
Now (TTM)20.3918.145.554.9212.84
FY202527.5322.618.287.6616.38
FY202423.7925.559.028.1217.14
FY202323.3015.646.755.9515.35
FY202213.948.362.772.578.90
FY202124.0437.038.037.5817.08

Meta Platforms against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Alphabet, Netflix, The Walt Disney, Verizon Communications, T-Mobile US, and AT&T Inc. 5.35% GLB NTS 66, the US Communication Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median20.4
    8.439.1
  • Gross marginHighest in 5 years82.0%
    78.3%82.0%
    Against its peers: 1 of 7Peers' median 48.1%
  • Operating marginAbove its median41.4%
    24.8%42.2%
    Against its peers: 1 of 7Peers' median 21.2%
  • Net marginAt its median30.1%
    19.9%37.9%
    Against its peers: 2 of 7Peers' median 15.3%
  • Return on equityAt its median27.8%
    18.5%34.1%
    Against its peers: 3 of 7Peers' median 19.2%
  • Free cash flow marginBelow its median22.9%
    16.3%33.2%
    Against its peers: 1 of 7Peers' median 16.5%
  • Revenue growthAbove its median22.2%
    -1.1%37.2%
    Against its peers: 1 of 7Peers' median 5.9%
  • EPS growthBelow its median-1.6%
    -37.6%73.1%
    Against its peers: 6 of 7Peers' median 31.1%
  • Debt to EBITDAHighest in 5 years0.80×
    0.25×0.80×
    Against its peers: 3 of 7Peers' median 2.78×
  • Current ratioBelow its median2.60
    2.203.15
    Against its peers: 1 of 7Peers' median 0.96

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Meta Platforms dividends

Annual dividend
2.10 USD
Dividend yield (indicated)
0.35%
Payout ratio
7.07%
Years of dividend growth
1
Frequency
Quarterly
Last payment
0.53 USD
Last ex-dividend date
21 Sept 2026
Last payment date
28 Sept 2026

Dividends per share

Year20252024
Dividends per share2.102.00

Meta Platforms ownership

Institutions
67.68%
Institutional holders
5,363 (+4)
Free float
99.78%
InstitutionsOthers
As of 30 Jun 2026

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260170.006.36K
Q3 202601001.28M1.48M
Q2 20260718.76M8.84M
Q1 20260603.57M273.32K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20252.52B2.57B-1.53%
FY20242.53B2.61B-0.57%
FY20232.57B2.63B-2.70%
FY20222.69B2.70B-5.49%
FY20212.82B2.86B-1.00%

Common questions about Meta Platforms's financials

Source: Financial Modeling Prep

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