Meta Platforms, Inc.

Market Cap

$1.7T

Communication Services·Internet Content & Information·🇺🇸 United States·NASDAQ

Communication·Internet·🇺🇸·NASDAQ

Stock Price

$676.90+$26.49 (+4.07%)

Apr 24, 2026

Company Details

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 wearables worldwide. It operates in two se...

CEO

Mark Elliot Zuckerberg

IPO Date

May 18, 2012

Website

www.meta.com

Key Metrics TTM

Revenue

$201.0B

+22.2% YoY

Net Income

$60.5B

EPS (Diluted)

$23.49

Free Cash Flow

$46.1B

Revenue / Share

$78.08

Gross Margin

82.0%

Operating Margin

41.4%

Net Margin

30.1%

FCF Margin

22.9%

P/S

8.5x

P/E

28.4x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Jan 28, 2026

$201.0B+22.2%EPS $23.49

Q4 2025

Jan 28, 2026

$59.9B+23.8%EPS $8.87

Q3 2025

Oct 29, 2025

$51.2B+26.2%EPS $1.05

Q2 2025

Jul 30, 2025

$47.5B+21.6%EPS $7.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$27.9B	$21.9B	$8.5B
Q2 22	$28.8B	$23.6B	$8.4B
Q3 22	$27.7B	$22.0B	$5.7B
Q4 22	$32.2B	$23.8B	$6.4B
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

Valuation

Quarter	P/S	P/E
Q1 22	5.1x	16.3x
Q2 22	3.8x	13.6x
Q3 22	3.1x	12.7x
Q4 22	2.9x	14.4x
Q1 23	4.7x	25.5x
Q2 23	6.1x	32.7x
Q3 23	6.2x	26.5x
Q4 23	6.8x	23.3x
Q1 24	8.7x	27.2x
Q2 24	8.5x	24.8x
Q3 24	9.3x	26.1x
Q4 24	9.1x	24.0x
Q1 25	8.5x	21.8x
Q2 25	10.4x	26.0x
Q3 25	9.9x	32.0x
Q4 25	8.3x	27.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$14.1B	$8.6B
Q2 22	$12.2B	$4.6B
Q3 22	$9.7B	$316M
Q4 22	$14.5B	$5.5B
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

Quarter	CapEx
Q1 22	$5.4B
Q2 22	$7.6B
Q3 22	$9.4B
Q4 22	$9.0B
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

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+6.6%	+31.0%
Q2 22	-0.9%	+22.5%
Q3 22	-4.5%	+18.6%
Q4 22	-4.5%	+22.2%
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 22	$2.5B	9.0%
Q2 22	$3.4B	11.6%
Q3 22	$3.1B	11.3%
Q4 22	$3.0B	9.4%
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 22	$7.7B	$2.4B	$3.3B
Q2 22	$8.7B	$3.0B	$3.6B
Q3 22	$9.2B	$3.4B	$3.8B
Q4 22	$9.8B	$3.1B	$4.6B
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 22	$27.2B	$695M
Q2 22	$28.4B	$452M
Q3 22	$27.4B	$285M
Q4 22	$31.4B	$727M
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 22	$6.7B	$6.6B	$2.8B	$11.8B
Q2 22	$7.0B	$6.7B	$3.0B	$12.2B
Q3 22	$6.8B	$6.0B	$3.0B	$12.0B
Q4 22	$7.3B	$7.4B	$3.3B	$14.2B
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 22	$14.9B	$29.0B	$43.9B
Q2 22	$12.7B	$27.8B	$40.5B
Q3 22	$14.3B	$27.5B	$41.8B
Q4 22	$14.7B	$26.1B	$40.7B
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	YoY Change
Q1 22	2.74B	-2.0%	-4.9%
Q2 22	2.71B	-1.1%	-5.8%
Q3 22	2.69B	-1.0%	-6.0%
Q4 22	2.64B	-1.7%	-5.7%
Q1 23	2.60B	-1.7%	-5.3%
Q2 23	2.61B	+0.6%	-3.7%
Q3 23	2.64B	+1.1%	-1.7%
Q4 23	2.63B	-0.4%	-0.4%
Q1 24	2.63B	-0.2%	+1.1%
Q2 24	2.61B	-0.6%	-0.1%
Q3 24	2.60B	-0.4%	-1.6%
Q4 24	2.61B	+0.5%	-0.6%
Q1 25	2.59B	-0.9%	-1.3%
Q2 25	2.57B	-0.8%	-1.5%
Q3 25	2.57B	+0.1%	-1.1%
Q4 25	2.57B	+0.1%	-1.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$387.8K	72K
Q2 22	$400.5K	72K
Q3 22	$385.1K	72K
Q4 22	$371.9K	86K
Q1 23	$331.2K	86K
Q2 23	$370.0K	86K
Q3 23	$394.8K	86K
Q4 23	$595.9K	67K
Q1 24	$541.5K	67K
Q2 24	$580.4K	67K
Q3 24	$603.0K	67K
Q4 24	$653.3K	74K
Q1 25	$571.3K	74K
Q2 25	$641.5K	74K
Q3 25	$691.8K	74K
Q4 25	$759.4K	79K

Revenue / Employee