META (Meta Platforms, Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Communication Services Internet Content & Information

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and we...

CEOMark Elliot Zuckerberg

Country🇺🇸 United States

ExchangeNASDAQ

IPOMay 18, 2012

investor.fb.com

Revenue$59.9B

YoY Growth+23.8%

QoQ Growth+16.9%

Net Income$22.8B

EPS$8.87

Free Cash Flow$14.8B

Gross Margin81.8%

Op. Margin41.3%

Net Margin38.0%

FCF Margin24.8%

Rev Multiple (TTM)8.1x

P/E Ratio (TTM)27.0x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$28.6B	$22.5B	$7.2B
Q2 23	$32.0B	$26.1B	$9.4B
Q3 23	$34.1B	$27.9B	$13.7B
Q4 23	$40.1B	$32.4B	$16.4B
Q1 24	$36.5B	$29.8B	$13.8B
Q2 24	$39.1B	$31.8B	$14.8B
Q3 24	$40.6B	$33.2B	$17.4B
Q4 24	$48.4B	$39.5B	$23.4B
Q1 25	$42.3B	$34.7B	$17.6B
Q2 25	$47.5B	$39.0B	$20.4B
Q3 25	$51.2B	$42.0B	$20.5B
Q4 25	$59.9B	$49.0B	$24.7B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	13.9x	76.1x
Q2 23	13.5x	72.4x
Q3 23	12.9x	54.9x
Q4 23	12.1x	41.7x
Q1 24	11.4x	35.7x
Q2 24	10.9x	31.7x
Q3 24	10.4x	29.4x
Q4 24	9.9x	26.2x
Q1 25	9.6x	24.5x
Q2 25	9.1x	22.8x
Q3 25	8.6x	27.9x
Q4 25	8.1x	27.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$14.0B	$7.2B
Q2 23	$17.3B	$11.1B
Q3 23	$20.4B	$13.9B
Q4 23	$19.4B	$11.7B
Q1 24	$19.2B	$12.8B
Q2 24	$19.4B	$11.2B
Q3 24	$24.7B	$16.5B
Q4 24	$28.0B	$13.6B
Q1 25	$24.0B	$11.1B
Q2 25	$25.6B	$9.0B
Q3 25	$30.0B	$11.2B
Q4 25	$36.2B	$14.8B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$6.8B
Q2 23	$6.2B
Q3 23	$6.5B
Q4 23	$7.7B
Q1 24	$6.4B
Q2 24	$8.2B
Q3 24	$8.3B
Q4 24	$14.4B
Q1 25	$12.9B
Q2 25	$16.5B
Q3 25	$18.8B
Q4 25	$21.4B

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+2.6%	+10.5%
Q2 23	+11.0%	+10.5%
Q3 23	+23.2%	-7.5%
Q4 23	+24.7%	-7.9%
Q1 24	+27.3%	+5.7%
Q2 24	+22.1%	+7.2%
Q3 24	+18.9%	+13.9%
Q4 24	+20.6%	+5.5%
Q1 25	+16.1%	+9.4%
Q2 25	+21.6%	+11.8%
Q3 25	+26.2%	+32.1%
Q4 25	+23.8%	+40.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$3.1B	10.7%
Q2 23	$4.1B	12.7%
Q3 23	$3.5B	10.2%
Q4 23	$3.4B	8.5%
Q1 24	$3.6B	9.8%
Q2 24	$4.6B	11.8%
Q3 24	$4.3B	10.5%
Q4 24	$4.3B	8.8%
Q1 25	$4.1B	9.8%
Q2 25	$4.8B	10.2%
Q3 25	$5.6B	10.8%
Q4 25	$5.9B	9.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$9.4B	$2.9B	$3.0B
Q2 23	$9.3B	$4.2B	$3.2B
Q3 23	$9.2B	$2.1B	$2.9B
Q4 23	$10.5B	$2.3B	$3.2B
Q1 24	$10.0B	$3.5B	$2.6B
Q2 24	$10.5B	$3.7B	$2.7B
Q3 24	$11.2B	$1.9B	$2.8B
Q4 24	$12.2B	$762M	$3.2B
Q1 25	$12.2B	$2.3B	$2.8B
Q2 25	$12.9B	$2.7B	$3.0B
Q3 25	$15.1B	$3.5B	$2.8B
Q4 25	$17.1B	$3.7B	$3.4B

Revenue Segments

Quarter	Family of Apps	Reality Labs
Q1 23	$28.3B	$339M
Q2 23	$31.7B	$276M
Q3 23	$33.9B	$210M
Q4 23	$39.0B	$1.1B
Q1 24	$36.0B	$440M
Q2 24	$38.7B	$353M
Q3 24	$40.3B	$270M
Q4 24	$47.3B	$1.1B
Q1 25	$41.9B	$412M
Q2 25	$47.1B	$370M
Q3 25	$50.8B	$470M
Q4 25	$58.9B	$955M

Revenue by Geography

Quarter	Asia Pacific	Europe	Rest Of World	US & Canada
Q1 23	$7.3B	$6.8B	$3.1B	$11.4B
Q2 23	$8.6B	$7.5B	$3.5B	$12.4B
Q3 23	$9.8B	$7.6B	$3.9B	$12.9B
Q4 23	$10.5B	$9.4B	$4.1B	$16.1B
Q1 24	$10.3B	$8.4B	$4.1B	$13.6B
Q2 24	$11.0B	$9.2B	$4.3B	$14.6B
Q3 24	$11.2B	$9.2B	$4.5B	$15.6B
Q4 24	$12.5B	$11.6B	$5.0B	$19.3B
Q1 25	$11.2B	$9.6B	$4.6B	$16.9B
Q2 25	$12.9B	$11.1B	$5.1B	$18.5B
Q3 25	$14.3B	$11.6B	$5.7B	$19.7B
Q4 25	$15.4B	$14.3B	$6.4B	$23.8B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$11.6B	$25.9B	$37.4B
Q2 23	$28.8B	$24.7B	$53.4B
Q3 23	$36.9B	$24.2B	$61.1B
Q4 23	$41.9B	$23.5B	$65.4B
Q1 24	$32.3B	$25.8B	$58.1B
Q2 24	$32.0B	$26.0B	$58.1B
Q3 24	$43.9B	$27.0B	$70.9B
Q4 24	$43.9B	$33.9B	$77.8B
Q1 25	$28.8B	$41.5B	$70.2B
Q2 25	$12.0B	$35.1B	$47.1B
Q3 25	$10.2B	$34.3B	$44.4B
Q4 25	$35.9B	$45.7B	$81.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	2.60B	-1.7%
Q2 23	2.61B	+0.6%
Q3 23	2.64B	+1.1%
Q4 23	2.63B	-0.4%
Q1 24	2.63B	-0.2%
Q2 24	2.61B	-0.6%
Q3 24	2.60B	-0.4%
Q4 24	2.61B	+0.5%
Q1 25	2.59B	-0.9%
Q2 25	2.57B	-0.8%
Q3 25	2.57B	+0.1%
Q4 25	2.57B	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	9K
FY 15	$1M	13K
FY 16	$2M	17K
FY 17	$2M	25K
FY 18	$2M	36K
FY 19	$2M	45K
FY 20	$1M	59K
FY 21	$2M	72K
FY 22	$1M	86K
FY 23	$2M	67K
FY 24	$2M	74K
FY 25	$3M	79K