Meta Platforms (META)

Nasdaq Communication Services Interactive Media & Services S&P 500Nasdaq-100 Magnificent 7 →

$610.15

+5.07 (+0.84%)

Close of Nov 06, 2026 · end-of-day data

Source: Meta Platforms's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$27.64B	$40.65B	$55.84B	$70.70B	$85.97B	$117.93B	$116.61B	$134.90B	$164.50B	$200.97B
Cost of revenue	$3.79B	$5.45B	$9.36B	$12.77B	$16.69B	$22.65B	$25.25B	$25.96B	$30.16B	$36.17B
Gross profit	$23.85B	$35.20B	$46.48B	$57.93B	$69.27B	$95.28B	$91.36B	$108.94B	$134.34B	$164.79B
Research & development	$5.92B	$7.75B	$10.27B	$13.60B	$18.45B	$24.66B	$35.34B	$38.48B	$43.87B	$57.37B
Operating income	$12.43B	$20.20B	$24.91B	$23.99B	$32.67B	$46.75B	$28.94B	$46.75B	$69.38B	$83.28B
Interest expense	$10.00M	$6.00M	$9.00M	$20.00M	—	$23.00M	$185.00M	$446.00M	$715.00M	$1.17B
Pre-tax income	$12.52B	$20.59B	$25.36B	$24.81B	$33.18B	$47.28B	$28.82B	$47.43B	$70.66B	$85.93B
Income tax	$2.30B	$4.66B	$3.25B	$6.33B	$4.03B	$7.91B	$5.62B	$8.33B	$8.30B	$25.47B
Net income	$10.22B	$15.93B	$22.11B	$18.48B	$29.15B	$39.37B	$23.20B	$39.10B	$62.36B	$60.46B
EBITDA	$14.77B	$23.23B	$29.23B	$29.73B	$39.53B	$54.72B	$37.63B	$57.93B	$84.88B	$101.89B
EPS (basic)	$3.56	$5.49	$7.65	$6.48	$10.22	$13.99	$8.63	$15.19	$24.61	$23.98
EPS (diluted)	$3.49	$5.39	$7.57	$6.43	$10.09	$13.77	$8.59	$14.87	$23.86	$23.49
Diluted shares	2.92B	2.96B	2.92B	2.88B	2.89B	2.86B	2.70B	2.63B	2.61B	2.57B
Gross margin	86.3%	86.6%	83.2%	81.9%	80.6%	80.8%	78.3%	80.8%	81.7%	82.0%
Operating margin	45.0%	49.7%	44.6%	33.9%	38.0%	39.6%	24.8%	34.7%	42.2%	41.4%
Net margin	37.0%	39.2%	39.6%	26.1%	33.9%	33.4%	19.9%	29.0%	37.9%	30.1%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$8.90B	$8.08B	$10.02B	$19.08B	$17.58B	$16.60B	$14.68B	$41.86B	$43.89B	$35.87B
Short-term investments	$20.55B	$33.63B	$31.09B	$35.78B	$44.38B	$31.40B	$26.06B	$23.54B	$33.93B	$45.72B
Receivables	$3.99B	$5.83B	$7.59B	$9.52B	$11.34B	$14.04B	$13.47B	$16.17B	$16.99B	$19.77B
Total current assets	$34.40B	$48.56B	$50.48B	$66.22B	$75.67B	$66.67B	$59.55B	$85.36B	$100.05B	$108.72B
Goodwill	$18.12B	$18.22B	$18.30B	$18.71B	$19.05B	$19.20B	$20.31B	$20.65B	$20.65B	$24.53B
Total assets	$64.96B	$84.52B	$97.33B	$133.38B	$159.32B	$165.99B	$185.73B	$229.62B	$276.05B	$366.02B
Total current liabilities	$2.88B	$3.76B	$7.02B	$15.05B	$14.98B	$21.14B	$27.03B	$31.96B	$33.60B	$41.84B
Short-term debt	—	—	—	—	—	—	—	—	—	$0
Long-term debt	—	—	—	—	—	$0	$9.92B	$18.39B	$28.83B	$58.74B
Total debt	—	—	—	—	—	$0	$9.92B	$18.39B	$28.83B	$58.74B
Total liabilities	$5.77B	$10.18B	$13.21B	$32.32B	$31.03B	$41.11B	$60.01B	$76.45B	$93.42B	$148.78B
Shareholders' equity	$59.19B	$74.35B	$84.13B	$101.05B	$128.29B	$124.88B	$125.71B	$153.17B	$182.64B	$217.24B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$16.11B	$24.22B	$29.27B	$36.31B	$38.75B	$57.68B	$50.48B	$71.11B	$91.33B	$115.80B
Capital expenditures	$4.49B	$6.73B	$13.91B	$15.10B	$15.16B	$18.69B	$31.19B	$27.05B	$37.26B	$69.69B
Free cash flow	$11.62B	$17.48B	$15.36B	$21.21B	$23.58B	$38.99B	$19.29B	$44.07B	$54.07B	$46.11B
Investing cash flow	-$11.79B	-$20.12B	-$11.60B	-$19.86B	-$30.06B	-$7.57B	-$28.97B	-$24.50B	-$47.15B	-$102.00B
Financing cash flow	-$310.00M	-$5.24B	-$15.57B	-$7.30B	-$10.29B	-$50.73B	-$22.14B	-$19.50B	-$40.78B	-$20.37B
Dividends paid	—	—	—	—	—	—	$0	$0	$5.07B	$5.32B
Share buybacks	$0	$1.98B	$12.88B	$4.20B	$6.27B	$44.54B	$27.96B	$19.77B	$30.12B	$26.25B
Stock-based compensation	$3.22B	$3.72B	$4.15B	$4.84B	$6.54B	$9.16B	$11.99B	$14.03B	$16.69B	$20.43B
Depreciation & amortization	$2.34B	$3.02B	$4.32B	$5.74B	$6.86B	$7.97B	$8.69B	$11.18B	$15.50B	$18.62B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$40.11B	$36.45B	$39.07B	$40.59B	$48.38B	$42.31B	$47.52B	$51.24B	$59.89B	$56.31B	$60.80B	$64.60B
Cost of revenue	$7.70B	$6.64B	$7.31B	$7.38B	$8.84B	$7.57B	$8.49B	$9.21B	$10.91B	$10.22B	$11.33B	$13.37B
Gross profit	$32.42B	$29.82B	$31.76B	$33.21B	$39.55B	$34.74B	$39.02B	$42.04B	$48.99B	$46.09B	$49.47B	$51.23B
Research & development	$10.52B	$9.98B	$10.54B	$11.18B	$12.18B	$12.15B	$12.94B	$15.14B	$17.14B	$17.70B	$21.66B	$20.05B
Operating income	$16.38B	$13.82B	$14.85B	$17.35B	$23.36B	$17.55B	$20.44B	$20.54B	$24.75B	$22.87B	$18.77B	$12.99B
Interest expense	$129.00M	—	—	$200.00M	$243.00M	—	$232.00M	$205.00M	$422.00M	—	$754.00M	$882.00M
Pre-tax income	$16.81B	$14.18B	$15.11B	$17.82B	$23.55B	$18.38B	$20.53B	$21.66B	$25.35B	$21.75B	$18.76B	$13.00B
Income tax	$2.79B	$1.81B	$1.64B	$2.13B	$2.71B	$1.74B	$2.20B	$18.95B	$2.59B	-$5.02B	$2.91B	$3.14B
Net income	$14.02B	$12.37B	$13.46B	$15.69B	$20.84B	$16.64B	$18.34B	$2.71B	$22.77B	$26.77B	$15.85B	$9.86B
EBITDA	$19.56B	$17.19B	$18.48B	$21.38B	$27.82B	$21.45B	$24.78B	$25.50B	$30.16B	$28.87B	$25.13B	$20.14B
EPS (basic)	$5.46	$4.86	$5.31	$6.20	$8.24	$6.59	$7.28	$1.08	$9.02	$10.57	$6.23	$3.86
EPS (diluted)	$5.31	$4.71	$5.16	$6.03	$7.98	$6.43	$7.14	$1.05	$8.87	$10.44	$6.18	$3.83
Diluted shares	6.00M	2.62B	2.61B	2.60B	-1.00M	2.59B	2.57B	2.57B	-4.00M	2.56B	2.57B	2.57B
Gross margin	80.8%	81.8%	81.3%	81.8%	81.7%	82.1%	82.1%	82.0%	81.8%	81.9%	81.4%	79.3%
Operating margin	40.8%	37.9%	38.0%	42.7%	48.3%	41.5%	43.0%	40.1%	41.3%	40.6%	30.9%	20.1%
Net margin	34.9%	33.9%	34.5%	38.7%	43.1%	39.3%	38.6%	5.3%	38.0%	47.5%	26.1%	15.3%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$41.86B	$32.31B	$32.05B	$43.85B	$43.89B	$28.75B	$12.01B	$10.19B	$35.87B	$23.43B	$15.46B	$11.22B
Short-term investments	$23.54B	$25.81B	$26.04B	$27.05B	$33.93B	$41.48B	$35.07B	$34.26B	$45.72B	$57.75B	$74.80B	$71.23B
Receivables	$16.17B	$13.43B	$14.51B	$14.70B	$16.99B	$14.51B	$16.56B	$17.30B	$19.77B	$17.47B	$21.75B	$22.72B
Total current assets	$85.36B	$75.33B	$76.43B	$91.07B	$100.05B	$90.23B	$73.61B	$73.12B	$108.72B	$109.77B	$125.47B	$119.90B
Goodwill	$20.65B	$20.65B	$20.65B	$20.65B	$20.65B	$20.65B	$20.65B	$21.16B	$24.53B	$24.75B	$23.41B	$23.42B
Total assets	$229.62B	$222.84B	$230.24B	$256.41B	$276.05B	$280.21B	$294.74B	$303.84B	$366.02B	$395.25B	$449.96B	$478.84B
Total current liabilities	$31.96B	$28.10B	$27.00B	$33.33B	$33.60B	$33.89B	$37.30B	$36.96B	$41.84B	$46.75B	$56.38B	$63.01B
Short-term debt	—	—	—	—	—	—	—	—	$0	—	—	$2.75B
Long-term debt	$18.39B	$18.39B	$18.39B	$28.82B	$28.83B	$28.83B	$28.83B	$28.83B	$58.74B	$58.75B	$83.66B	$80.92B
Total debt	$18.39B	$18.39B	$18.39B	$28.82B	$28.83B	$28.83B	$28.83B	$28.83B	$58.74B	$58.75B	$83.66B	$83.67B
Total liabilities	$76.45B	$73.31B	$73.47B	$91.88B	$93.42B	$95.18B	$99.67B	$109.78B	$148.78B	$151.57B	$188.74B	$206.45B
Shareholders' equity	$153.17B	$149.53B	$156.76B	$164.53B	$182.64B	$185.03B	$195.07B	$194.07B	$217.24B	$243.68B	$261.22B	$272.39B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$19.40B	$19.25B	$19.37B	$24.72B	$27.99B	$24.03B	$25.56B	$30.00B	$36.21B	$32.23B	$31.86B	$32.78B
Capital expenditures	$7.59B	$6.40B	$8.17B	$8.26B	$14.43B	$12.94B	$16.54B	$18.83B	$21.38B	$19.00B	$30.12B	$33.94B
Free cash flow	$11.81B	$12.85B	$11.20B	$16.47B	$13.56B	$11.09B	$9.02B	$11.17B	$14.83B	$13.23B	$1.75B	-$1.16B
Investing cash flow	-$6.47B	-$8.73B	-$8.30B	-$8.62B	-$21.50B	-$20.01B	-$25.96B	-$21.85B	-$34.19B	-$33.68B	-$49.65B	-$30.98B
Financing cash flow	-$8.40B	-$19.77B	-$11.18B	-$4.37B	-$5.46B	-$19.50B	-$15.98B	-$10.05B	$25.15B	-$6.55B	$15.97B	-$6.73B
Dividends paid	$0	$1.27B	$1.27B	$1.26B	$1.27B	$1.33B	$1.33B	$1.33B	$1.34B	$1.35B	$1.35B	$1.36B
Share buybacks	$5.94B	$15.01B	$6.30B	$8.82B	$0	$12.75B	$10.17B	$3.33B	$0	$0	$0	$0
Stock-based compensation	$3.42B	$3.56B	$4.62B	$4.25B	$4.26B	$4.15B	$4.83B	$5.56B	$5.89B	$6.03B	$7.66B	$7.36B
Depreciation & amortization	$3.17B	$3.37B	$3.64B	$4.03B	$4.46B	$3.90B	$4.34B	$4.96B	$5.41B	$6.00B	$6.36B	$7.15B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.