Financials · META

Meta Platforms Inc. (META) financials

For the twelve months ended Sep 30, 2026, Meta Platforms Inc. reported $241.61B of revenue and $75.25B of net income.

Revenue, TTM
$241.61B
Revenue growth, YoY
+27.5%
Net income, TTM
$75.25B
Net income growth, YoY
+28.6%
Net margin
31.1%
Free cash flow, TTM
$28.65B
EPS, diluted, TTM
$29.32
EPS growth, YoY
+29.8%
Cash
$11.22B
Total debt
$83.67B
P/E
20.61
P/S
6.42
Market cap
$1.55T
Annual revenue$200.97B
FY2016FY2025
Annual net income$60.46B
FY2016FY2025
Annual free cash flow$46.11B
FY2016FY2025

META revenue and earnings growth

META revenueQ3 2026$64.60B

Quarter YoY
+26.1%
QoQ
+6.2%
FY YoY
+22.2%
5Y CAGR
+18.5%
10Y CAGR
+27.3%

META revenue was $64.60B in fiscal Q3 2026 (ended Sep 30, 2026), up 26.1% from a year earlier and up 6.2% from the prior quarter. For the full fiscal 2025 it was $200.97B, up 22.2% from fiscal 2024. Compound annual growth was +18.5% over 5 years and +27.3% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

META net incomeQ3 2026$9.86B

Quarter YoY
+264.0%
QoQ
-37.8%
FY YoY
-3.1%
5Y CAGR
+15.7%
10Y CAGR
+32.3%

META net income was $9.86B in fiscal Q3 2026 (ended Sep 30, 2026), up 264.0% from a year earlier and down 37.8% from the prior quarter. For the full fiscal 2025 it was $60.46B, down 3.1% from fiscal 2024. Compound annual growth was +15.7% over 5 years and +32.3% over 10 years. It rose in 7 of the last 10 fiscal years.

META EPSQ3 2026$3.83

Quarter YoY
+264.8%
QoQ
-38.0%
FY YoY
-1.6%
5Y CAGR
+18.4%
10Y CAGR
+33.7%

META diluted EPS was $3.83 in fiscal Q3 2026 (ended Sep 30, 2026), up 264.8% from a year earlier and down 38.0% from the prior quarter. For the full fiscal 2025 it was $23.49, down 1.6% from fiscal 2024. Compound annual growth was +18.4% over 5 years and +33.7% over 10 years.

META free cash flowQ3 2026-$1.16B

FY YoY
-14.7%
5Y CAGR
+14.3%
10Y CAGR
+19.4%

META free cash flow was -$1.16B in fiscal Q3 2026 (ended Sep 30, 2026), compared with $11.17B a year earlier. For the full fiscal 2025 it was $46.11B, down 14.7% from fiscal 2024. Compound annual growth was +14.3% over 5 years and +19.4% over 10 years. It rose in 7 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$200.97B$164.50B$134.90B$116.61B$117.93B$85.97B$70.70B$55.84B$40.65B$27.64B
Cost of revenue$36.17B$30.16B$25.96B$25.25B$22.65B$16.69B$12.77B$9.36B$5.45B$3.79B
Gross profit$164.79B$134.34B$108.94B$91.36B$95.28B$69.27B$57.93B$46.48B$35.20B$23.85B
Research and development$57.37B$43.87B$38.48B$35.34B$24.66B$18.45B$13.60B$10.27B$7.75B$5.92B
Selling, general and admin$12.15B$9.74B$11.41B$11.82B$9.83B$6.56B$10.46B$3.45B$2.52B$1.73B
Operating income$83.28B$69.38B$46.75B$28.94B$46.75B$32.67B$23.99B$24.91B$20.20B$12.43B
Interest expense$1.17B$715.00M$446.00M$185.00M$23.00M-$20.00M$9.00M$6.00M$10.00M
Pre-tax income$85.93B$70.66B$47.43B$28.82B$47.28B$33.18B$24.81B$25.36B$20.59B$12.52B
Income tax$25.47B$8.30B$8.33B$5.62B$7.91B$4.03B$6.33B$3.25B$4.66B$2.30B
Net income$60.46B$62.36B$39.10B$23.20B$39.37B$29.15B$18.48B$22.11B$15.93B$10.22B
EPS, basic$23.98$24.61$15.19$8.63$13.99$10.22$6.48$7.65$5.49$3.56
EPS, diluted$23.49$23.86$14.87$8.59$13.77$10.09$6.43$7.57$5.39$3.49
Diluted shares2.57B2.61B2.63B2.70B2.86B2.89B2.88B2.92B2.96B2.92B

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$35.87B$45.44B$41.86B$15.60B$16.86B$17.95B$19.28B$10.12B$8.20B$9.11B
Short-term investments$45.72B$33.93B$23.54B$26.06B$31.40B---$33.63B$20.55B
Receivables$19.77B$16.99B$16.17B$13.47B$14.04B$11.34B$9.52B$7.59B$5.83B$3.99B
Current assets$108.72B$100.05B$85.36B$59.55B$66.67B$75.67B$66.22B$50.48B$48.56B$34.40B
Goodwill$24.53B$20.65B$20.65B$20.31B$19.20B$19.05B$18.71B$18.30B$18.22B$18.12B
Total assets$366.02B$276.05B$229.62B$185.73B$165.99B$159.32B$133.38B$97.33B$84.52B$64.96B
Current liabilities$41.84B$33.60B$31.96B$27.03B$21.14B$14.98B$15.05B$7.02B$3.76B$2.88B
Short-term debt$0---------
Long-term debt$58.74B$28.83B$18.39B$9.92B$0-----
Total debt$58.74B$28.83B$18.39B$9.92B$0-----
Total liabilities$148.78B$93.42B$76.45B$60.01B$41.11B$31.03B$32.32B$13.21B$10.18B$5.77B
Shareholders' equity$217.24B$182.64B$153.17B$125.71B$124.88B$128.29B$101.05B$84.13B$74.35B$59.19B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$115.80B$91.33B$71.11B$50.48B$57.68B$38.75B$36.31B$29.27B$24.22B$16.11B
Capital expenditures$69.69B$37.26B$27.05B$31.19B$18.69B$15.16B$15.10B$13.91B$6.73B$4.49B
Free cash flow$46.11B$54.07B$44.07B$19.29B$38.99B$23.58B$21.21B$15.36B$17.48B$11.62B
Investing cash flow-$102.00B-$47.15B-$24.50B-$28.97B-$7.57B-$30.06B-$19.86B-$11.60B-$20.12B-$11.79B
Financing cash flow-$20.37B-$40.78B-$19.50B-$22.14B-$50.73B-$10.29B-$7.30B-$15.57B-$5.24B-$310.00M
Dividends paid$5.32B$5.07B$0$0------
Share repurchases$26.25B$30.13B$19.77B$27.96B$44.54B$6.27B$4.20B$12.88B$1.98B$0
Stock-based compensation$20.43B$16.69B$14.03B$11.99B$9.16B$6.54B$4.84B$4.15B$3.72B$3.22B
Depreciation and amortization$18.62B$15.50B$11.18B$8.69B$7.97B$6.86B$5.74B$4.32B$3.02B$2.34B

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY22.2%21.9%15.7%-1.1%37.2%21.6%26.6%37.4%47.1%54.2%
Net income growth, YoY-3.1%59.5%68.5%-41.1%35.1%57.7%-16.4%38.8%56.0%177.0%
EPS growth, YoY-1.6%60.5%73.1%-37.6%36.5%56.9%-15.1%40.4%54.4%170.5%
Gross margin82.0%81.7%80.8%78.3%80.8%80.6%81.9%83.2%86.6%86.3%
Operating margin41.4%42.2%34.7%24.8%39.6%38.0%33.9%44.6%49.7%45.0%
Net margin30.1%37.9%29.0%19.9%33.4%33.9%26.1%39.6%39.2%37.0%
Free cash flow margin22.9%32.9%32.7%16.5%33.1%27.4%30.0%27.5%43.0%42.0%
Return on equity27.8%34.1%25.5%18.5%31.5%22.7%18.3%26.3%21.4%17.3%
Return on assets16.5%22.6%17.0%12.5%23.7%18.3%13.9%22.7%18.9%15.7%
Current ratio2.602.982.672.203.155.054.407.1912.9211.97
Debt to equity0.270.160.120.080.00-----

Source: XBRL data Meta Platforms Inc. files with the SEC, latest filing dated Oct 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

META peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
META$241.61B+27.5%$75.25B31.1%$1.55T
GOOGL$471.10B+22.2%$235.69B50.0%$3.43T
GOOG$471.10B+22.2%$235.69B50.0%$3.42T
APP$6.83B+60.6%$4.41B64.6%$76.58B
NBIS$529.80M+479.0%$82.50M15.6%$38.44B
ZM$4.99B+5.0%$3.26B65.2%$26.84B
BIDUCN¥129.08B-3.0%CN¥5.59B4.3%$26.17B

META FAQ

9 questions
  • What is META revenue?
    Meta Platforms Inc. (META) reported $241.61B of revenue for the twelve months ended Sep 30, 2026. That is up 27.5% from the year before. Revenue for fiscal 2025 was $200.97B.
  • Is META profitable?
    Yes. Meta Platforms Inc. earned $75.25B in net income for the twelve months ended Sep 30, 2026, a net margin of 31.1%.
  • How much cash and debt does META have?
    Meta Platforms Inc. reported $11.22B in cash and cash equivalents and $83.67B of debt on its most recent balance sheet in SEC filings.
  • How fast is META revenue growing?
    Meta Platforms Inc.'s revenue changed +22.2% in fiscal 2025, to $200.97B. Its compound annual growth rate was +18.5% over 5 years and +27.3% over 10 years.
  • What is META gross margin?
    Meta Platforms Inc.'s gross profit was $195.78B on $241.61B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 81.0%.
  • What is META free cash flow?
    Meta Platforms Inc. generated $28.65B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $133.09B less capital expenditures.
  • What is META earnings per share?
    Diluted earnings per share were $29.32 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did META last report financial results?
    The latest statements here come from Meta Platforms Inc.'s 10-Q filed on Oct 22, 2026, covering the period ended Sep 30, 2026.
  • Where does this META financial data come from?
    Quantisnow builds these statements from the structured XBRL data Meta Platforms Inc. files with the SEC. It is provided for information only and is not investment advice.