Meta Q1 2026 revenue rises 33% to $56.31 billion; EPS $10.44 boosted by tax benefit
Meta reported first quarter 2026 revenue of $56.31 billion, up 33% year over year, and diluted EPS of $10.44 versus $6.43 a year earlier. The EPS figure includes an $8.03 billion income tax benefit; excluding it, diluted EPS would have been $3.13 lower. Meta also raised its 2026 capital expenditure outlook to $125-145 billion from $115-135 billion, a higher spending plan for shareholders to weigh against the revenue growth.
Key points
- Revenue $56.31 billion, up 33%; income from operations $22.87 billion, up 30%
- Net income $26.77 billion; diluted EPS $10.44 includes an $8.03 billion income tax benefit
- Second quarter 2026 revenue guidance $58-61 billion; full year total expenses guidance unchanged at $162-169 billion
- 2026 capital expenditures raised to $125-145 billion from $115-135 billion, citing higher component pricing
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.