Business Description

Meta Platforms, Inc. is a global technology company that develops social media applications and virtual reality technologies. The company operates a family of apps including Facebook, Instagram, WhatsApp, and Threads, which connect billions of users worldwide. Meta generates the vast majority of its revenue through digital advertising placements across its platforms.

Everything on Meta Platforms, Inc.

Revenue (FY2025) $200.97B
YoY growth +22.2%
Operating margin 41.4%
Direction Expanding
Gross margin 82.0%
Net margin 30.1%

Earnings Transcripts

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Leadership & board

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Mark Zuckerberg — Founder, Chairman and Chief Executive Officer View full profile ↗ Robert M. Kimmitt — Lead Independent Director View full profile ↗ Peggy Alford — Independent Director View full profile ↗ Marc L. Andreessen — Independent Director View full profile ↗ John Arnold — Independent Director View full profile ↗ Patrick Collison — Independent Director View full profile ↗ John Elkann — Independent Director View full profile ↗ Andrew W. Houston — Independent Director View full profile ↗ Nancy Killefer — Independent Director View full profile ↗ Charles Songhurst — Independent Director View full profile ↗ Dana White — Independent Director View full profile ↗ Tony Xu — Independent Director View full profile ↗ Dina Powell McCormick — President and Vice Chairman View full profile ↗ Javier Olivan — Chief Operating Officer View full profile ↗ Susan Li — Chief Financial Officer View full profile ↗ Andrew Bosworth — Chief Technology Officer View full profile ↗ Christopher K. Cox — Chief Product Officer View full profile ↗ C.J. Mahoney — Chief Legal Officer View full profile ↗
Meta Platforms, acquires WhatsApp Inc. — Family of Apps · 2014 View full deal ↗ Meta Platforms, acquires Oculus VR, Inc. — Reality Labs · 2014 View full deal ↗ Meta Platforms, acquires Instagram, Inc. — Family of Apps · 2012 View full deal ↗ Meta Platforms, acquires Atlas (Atlas Advertiser Suite, from Microsoft) — Family of Apps (advertising) · 2013 View full deal ↗ Meta Platforms, acquires LiveRail — Family of Apps (advertising) · 2014 View full deal ↗ Meta Platforms, acquires CTRL-labs — Reality Labs · 2019 View full deal ↗ Meta Platforms, acquires Beat Games — Reality Labs · 2019 View full deal ↗ Meta Platforms, acquires GIPHY — Family of Apps · 2020 View full deal ↗ Meta Platforms, acquires Kustomer — Family of Apps (business messaging) · 2020 View full deal ↗ Meta Platforms, acquires Within (Supernatural) — Reality Labs · 2023 View full deal ↗

Share Repurchase Program

Total authorized
Board-authorized Class A common stock share repurchase program; commenced January 2017; no expiration date (no fixed total dollar cap disclosed in the FY2025 10-K).
Remaining (Fiscal year ended December 31, 2025)
$25.03 billion remained available and authorized for repurchases as of December 31, 2025 (down from $51.28 billion as of December 31, 2024).
Latest FY repurchased
$26.26 billion in 2025 (repurchased and retired 40 million Class A shares, including excise taxes).

Named Competitors

AppleGoogleTikTok

Customer Concentration

No single-customer concentration; substantially all revenue is from advertising sold to a broad base of marketers across different industries and countries, and marketers do not have long-term commitments. Meta does disclose that it generates meaningful revenue from a small number of resellers serving advertisers based in China (China-based advertising revenue). Geographically, 37% of revenue in 2025 came from marketers and developers based in the United States.

Recent SEC Filings

2026-05-29 Shareholder vote results View filing ↗
2026-05-04 Other event View filing ↗
2026-04-29 Reported quarterly results View filing ↗
2026-04-14 Leadership change (directors/officers) View filing ↗
2026-01-28 Reported quarterly results View filing ↗
2026-01-16 Leadership change (directors/officers) View filing ↗
2025-12-19 Leadership change (directors/officers) View filing ↗
2025-12-12 Other event View filing ↗
2025-11-03 Other event View filing ↗
2025-10-29 Reported quarterly results View filing ↗
2025-07-30 Reported quarterly results View filing ↗
2025-05-30 Shareholder vote results View filing ↗

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