META · Company research
Meta Platforms (META)
Revenue, profit & cash flow
Meta Platforms builds technology that enables people to connect and share through mobile devices, personal computers, virtual reality headsets and AI glasses. Its Family of Apps includes Facebook, Instagram, Messenger, Threads, WhatsApp and the Meta AI assistant. Its Reality Labs business develops virtual and augmented reality products, including Meta Quest devices and software and content sold through the Meta Horizon Store. Meta invests heavily in artificial intelligence, which powers content ranking, recommendations, advertising tools and new generative AI experiences across its products.
Business description: 10-K filed 2026-01-29.
Latest reported quarter: FY2026 Q3
Period: 2026-07-01 to 2026-09-30. Reporting currency: USD. Monetary values below are in millions.
- Revenue
- 64,601.0 USD million
- Operating income
- 12,988.0 USD million
- Net income
- 9,860.0 USD million
- Free cash flow
- -1,157.0 USD million · Calculated
- Operating margin
- 20.1% Percent · Calculated
Revenue was 64,601.0 versus 51,242.0 USD million in FY2025 Q3. The calculated year-over-year change was 26.1%. Net income was 9,860.0 versus 2,709.0 USD million in FY2025 Q3. The calculated year-over-year change was 264.0%.
Operating income reflects the business before interest and tax; net income is the profit after those items. Free cash flow is calculated from operating cash flow less capital spending and can differ from net income.
Annual financial history
| Fiscal period and dates | Revenue | Operating income | Net income | Free cash flow | Operating margin |
|---|---|---|---|---|---|
| FY20252025-01-01 to 2025-12-31Filing evidence | 200,966.0 | 83,276.0 | 60,458.0 | 46,109.0Calculated | 41.4%Calculated |
| FY20242024-01-01 to 2024-12-31Filing evidence | 164,501.0 | 69,380.0 | 62,360.0 | 54,072.0Calculated | 42.2%Calculated |
| FY20232023-01-01 to 2023-12-31Filing evidence | 134,902.0 | 46,751.0 | 39,098.0 | 43,847.0Calculated | 34.7%Calculated |
| FY20222022-01-01 to 2022-12-31Filing evidence | 116,609.0 | 28,944.0 | 23,200.0 | 19,044.0Calculated | 24.8%Calculated |
| FY20212021-01-01 to 2021-12-31Filing evidence | 117,929.0 | 46,753.0 | 39,370.0 | 39,116.0Calculated | 39.6%Calculated |
Quarterly financial history
| Fiscal period and dates | Revenue | Operating income | Net income | Free cash flow | Operating margin |
|---|---|---|---|---|---|
| FY2026 Q32026-07-01 to 2026-09-30Filing evidence | 64,601.0 | 12,988.0 | 9,860.0 | -1,157.0Calculated | 20.1%Calculated |
| FY2026 Q22026-04-01 to 2026-06-30Filing evidence | 60,801.0 | 18,775.0 | 15,848.0 | 1,746.0Calculated | 30.9%Calculated |
| FY2026 Q12026-01-01 to 2026-03-31Filing evidence | 56,311.0 | 22,872.0 | 26,773.0 | 13,229.0Calculated | 40.6%Calculated |
| FY2025 Q42025-10-01 to 2025-12-31Filing evidence | 59,893.0Calculated | 24,745.0Calculated | 22,768.0Calculated | 14,831.0Calculated | 41.3%Calculated |
| FY2025 Q32025-07-01 to 2025-09-30Filing evidence | 51,242.0 | 20,535.0 | 2,709.0 | 11,170.0Calculated | 40.1%Calculated |
| FY2025 Q22025-04-01 to 2025-06-30Filing evidence | 47,516.0 | 20,441.0 | 18,337.0 | 9,023.0Calculated | 43.0%Calculated |
| FY2025 Q12025-01-01 to 2025-03-31Filing evidence | 42,314.0 | 17,555.0 | 16,644.0 | 11,085.0Calculated | 41.5%Calculated |
| FY2024 Q42024-10-01 to 2024-12-31Filing evidence | 48,385.0Calculated | 23,364.0Calculated | 20,838.0Calculated | 13,563.0Calculated | 48.3%Calculated |
Definitions and reading notes
Fiscal years follow the company’s filings and may differ from calendar years. Quarterly values cover a single fiscal quarter. The latest reported quarter here means the latest quarter in the checked SEC snapshot; more recent announcements may not yet be included.
Free cash flow = operating cash flow + signed capital expenditure (a cash outflow is negative). Operating margin = operating income ÷ revenue × 100. These are calculated metrics. Figures derived from year-to-date differences, fourth-quarter subtraction or component arithmetic are also marked Calculated. Display values are rounded; calculations use stored unrounded values.
Unavailable means the stored SEC release has no value. It is not treated as zero. Growth percentages are omitted when the prior value is zero or negative. No currency conversion, estimates or trailing-twelve-month figures are used.
Evidence and data checks
Data checked: . Financial values are pinned to SEC release 7004bcf6-36ba-463a-8680-b7ddc93be6f1, created 2026-10-29T11:12:04.112Z. Each period below links to the filing and the source accessions recorded with its metrics.
FY2026 Q3 · ended 2026-09-30 · filing date 2026-10-22
SEC filing 0001628280-26-066773. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001628280-26-066773
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001628280-26-066773
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001628280-26-066773
- Free cash flow: Calculated from filing facts. Operating cash flow 32,785.0 + signed capital expenditure -33,942.0 = -1,157.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001628280-26-066773; Source filing 0001628280-26-050705
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2026 Q2 · ended 2026-06-30 · filing date 2026-07-30
SEC filing 0001628280-26-050705. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001628280-26-050705
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001628280-26-050705
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001628280-26-050705
- Free cash flow: Calculated from filing facts. Operating cash flow 31,862.0 + signed capital expenditure -30,116.0 = 1,746.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001628280-26-050705; Source filing 0001628280-26-028526
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2026 Q1 · ended 2026-03-31 · filing date 2026-04-30
SEC filing 0001628280-26-028526. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001628280-26-028526
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001628280-26-028526
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001628280-26-028526
- Free cash flow: Calculated from filing facts. Operating cash flow 32,226.0 + signed capital expenditure -18,997.0 = 13,229.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001628280-26-028526
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2025 Q4 · ended 2025-12-31 · filing date 2026-01-29
SEC filing 0001628280-26-003942. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Calculated from filing facts. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Derivation notes: quarter_from_fiscal_ytd_difference. Source filing 0001628280-26-003942; Source filing 0001628280-25-047240
- Operating income: Calculated from filing facts. XBRL concepts: OperatingIncomeLoss. Derivation notes: quarter_from_fiscal_ytd_difference. Source filing 0001628280-26-003942; Source filing 0001628280-25-047240
- Net income: Calculated from filing facts. XBRL concepts: NetIncomeLoss. Derivation notes: quarter_from_fiscal_ytd_difference. Source filing 0001628280-26-003942; Source filing 0001628280-25-047240
- Free cash flow: Calculated from filing facts. Operating cash flow 36,214.0 + signed capital expenditure -21,383.0 = 14,831.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001628280-26-003942; Source filing 0001628280-25-047240
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2025 Q3 · ended 2025-09-30 · filing date 2025-10-30
SEC filing 0001628280-25-047240. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001628280-25-047240
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001628280-25-047240
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001628280-25-047240
- Free cash flow: Calculated from filing facts. Operating cash flow 29,999.0 + signed capital expenditure -18,829.0 = 11,170.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001628280-25-047240; Source filing 0001628280-25-036791
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2025 Q2 · ended 2025-06-30 · filing date 2025-07-31
SEC filing 0001628280-25-036791. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001628280-25-036791
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001628280-25-036791
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001628280-25-036791
- Free cash flow: Calculated from filing facts. Operating cash flow 25,561.0 + signed capital expenditure -16,538.0 = 9,023.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001628280-25-036791; Source filing 0001326801-25-000054
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2025 Q1 · ended 2025-03-31 · filing date 2025-05-01
SEC filing 0001326801-25-000054. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001326801-25-000054
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001326801-25-000054
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001326801-25-000054
- Free cash flow: Calculated from filing facts. Operating cash flow 24,026.0 + signed capital expenditure -12,941.0 = 11,085.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001326801-25-000054
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2024 Q4 · ended 2024-12-31 · filing date 2025-01-30
SEC filing 0001326801-25-000017. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Calculated from filing facts. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Derivation notes: quarter_from_fiscal_ytd_difference. Source filing 0001326801-25-000017; Source filing 0001326801-24-000081
- Operating income: Calculated from filing facts. XBRL concepts: OperatingIncomeLoss. Derivation notes: quarter_from_fiscal_ytd_difference. Source filing 0001326801-25-000017; Source filing 0001326801-24-000081
- Net income: Calculated from filing facts. XBRL concepts: NetIncomeLoss. Derivation notes: quarter_from_fiscal_ytd_difference. Source filing 0001326801-25-000017; Source filing 0001326801-24-000081
- Free cash flow: Calculated from filing facts. Operating cash flow 27,988.0 + signed capital expenditure -14,425.0 = 13,563.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001326801-25-000017; Source filing 0001326801-24-000081
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2025 · ended 2025-12-31 · filing date 2026-01-29
SEC filing 0001628280-26-003942. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001628280-26-003942
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001628280-26-003942
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001628280-26-003942
- Free cash flow: Calculated from filing facts. Operating cash flow 115,800.0 + signed capital expenditure -69,691.0 = 46,109.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001628280-26-003942
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2024 · ended 2024-12-31 · filing date 2025-01-30
SEC filing 0001326801-25-000017. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001326801-25-000017
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001326801-25-000017
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001326801-25-000017
- Free cash flow: Calculated from filing facts. Operating cash flow 91,328.0 + signed capital expenditure -37,256.0 = 54,072.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001326801-25-000017
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2023 · ended 2023-12-31 · filing date 2024-02-02
SEC filing 0001326801-24-000012. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001326801-24-000012
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001326801-24-000012
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001326801-24-000012
- Free cash flow: Calculated from filing facts. Operating cash flow 71,113.0 + signed capital expenditure -27,266.0 = 43,847.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001326801-24-000012
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2022 · ended 2022-12-31 · filing date 2023-02-02
SEC filing 0001326801-23-000013. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001326801-23-000013
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001326801-23-000013
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001326801-23-000013
- Free cash flow: Calculated from filing facts. Operating cash flow 50,475.0 + signed capital expenditure -31,431.0 = 19,044.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001326801-23-000013
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.
FY2021 · ended 2021-12-31 · filing date 2022-02-03
SEC filing 0001326801-22-000018. Monetary figures: USD; displayed in millions. Operating margin: percent.
- Revenue: Reported filing fact. XBRL concepts: RevenueFromContractWithCustomerExcludingAssessedTax. Source filing 0001326801-22-000018
- Operating income: Reported filing fact. XBRL concepts: OperatingIncomeLoss. Source filing 0001326801-22-000018
- Net income: Reported filing fact. XBRL concepts: NetIncomeLoss. Source filing 0001326801-22-000018
- Free cash flow: Calculated from filing facts. Operating cash flow 57,683.0 + signed capital expenditure -18,567.0 = 39,116.0 USD million. XBRL concepts: NetCashProvidedByUsedInOperatingActivities, PaymentsToAcquirePropertyPlantAndEquipment. Source filing 0001326801-22-000018
- Operating margin: Calculated from filing facts. Operating income ÷ revenue × 100.