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.

Financial Statements

In thousands, USD
FY 2025FY 2024FY 2023FY 2022
Total Revenues200,966,000164,501,000134,902,000116,609,000
Cost of Sales36,175,00030,161,00025,959,00025,249,000
Gross Profit164,791,000134,340,000108,943,00091,360,000
Selling, General & Administrative Expenses24,143,00021,087,00023,709,00027,078,000
Research & Development Expenses57,372,00043,873,00038,483,00035,338,000
Operating Profit83,276,00069,380,00046,751,00028,944,000
Non-Operating Income2,656,0001,283,000677,000(125,000)
Total Non-Operating Income2,656,0001,283,000677,000(125,000)
Income Before Provision for Income Taxes85,932,00070,663,00047,428,00028,819,000
Provision for Income Taxes25,474,0008,303,0008,330,0005,619,000
Consolidated Net Income60,458,00062,360,00039,098,00023,200,000
Net Income Attributable to Common Shareholders60,458,00062,360,00039,098,00023,200,000
Basic EPS23.9824.6115.198.63
Diluted EPS23.4923.8614.878.59
Basic Weighted Average Shares Outstanding2,521,0002,534,0002,574,0002,687,000
Diluted Weighted Average Shares Outstanding2,574,0002,614,0002,629,0002,702,000
Shares Outstanding2,530,0002,534,0002,561,0002,614,000
FY 2025FY 2024FY 2023FY 2022
Cash and Cash Equivalents35,873,00043,889,00041,862,00014,681,000
Short-Term Investments45,719,00033,926,00023,541,00026,057,000
Total Cash and Cash Equivalents81,592,00077,815,00065,403,00040,738,000
Accounts Receivable19,769,00016,994,00016,169,00013,466,000
Total Trade Receivables19,769,00016,994,00016,169,00013,466,000
Other Current Assets7,361,0005,236,0003,793,0005,345,000
Total Current Assets108,722,000100,045,00085,365,00059,549,000
Net Property, Plant & Equipment196,804,000136,268,000109,881,00092,191,000
Net Intangible Assets———897,000
Goodwill24,534,00020,654,00020,654,00020,306,000
Long-Term Investments27,524,0006,070,0006,141,0006,201,000
Other Long-Term Assets8,437,00013,017,0007,582,0006,583,000
Total Assets366,021,000276,054,000229,623,000185,727,000
Accounts Payable8,894,0007,687,0004,849,0004,990,000
Accrued Expenses30,729,00023,967,00025,488,00019,552,000
Current Portion of Leases2,213,0001,942,0001,623,0001,367,000
Other Current Liabilities———1,117,000
Total Current Liabilities41,836,00033,596,00031,960,00027,026,000
Long-Term Debt58,744,00028,826,00018,385,0009,923,000
Leases22,940,00018,292,00017,226,00015,301,000
Other Long-Term Liabilities25,258,00012,703,0008,884,0007,764,000
Total Long-Term Liabilities106,942,00059,821,00044,495,00032,988,000
Total Liabilities148,778,00093,417,00076,455,00060,014,000
Common Stock95,793,000—73,253,00064,444,000
Additional Paid-in Capital—83,228,000——
Accumulated Other Comprehensive Income271,000(3,097,000)(2,155,000)(3,530,000)
Retained Earnings121,179,000102,506,00082,070,00064,799,000
Total Common Shareholders' Equity217,243,000182,637,000153,168,000125,713,000
Total Shareholders' Equity217,243,000182,637,000153,168,000125,713,000
Total Liabilities and Shareholders' Equity366,021,000276,054,000229,623,000185,727,000
FY 2025FY 2024FY 2023FY 2022
Net Income60,458,00062,360,00039,098,00023,200,000
Depreciation & Amortization18,616,00015,498,00011,178,0008,686,000
Share-Based Compensation Expense20,427,00016,690,00014,027,00011,992,000
Other Adjustments17,184,000(4,268,000)2,974,000914,000
Changes in Trade Receivables(1,815,000)(1,485,000)(2,399,000)231,000
Changes in Accounts Payable(14,000)373,00051,000210,000
Changes in Accrued Expenses1,077,000323,0005,081,0004,300,000
Changes in Other Operating Activities(133,000)1,837,0001,103,000942,000
Cash from Operating Activities115,800,00091,328,00071,113,00050,475,000
Capital Expenditure(69,691,000)(37,256,000)(27,045,000)(31,186,000)
Purchases of Investments(55,259,000)(25,553,000)(2,983,000)(9,626,000)
Proceeds from Sale of Investments26,874,00015,789,0006,184,00013,158,000
Payments for Business Acquisitions(4,231,000)(270,000)(629,000)(1,312,000)
Other Investing Activities304,000140,000(22,000)(4,000)
Cash from Investing Activities(102,003,000)(47,150,000)(24,495,000)(28,970,000)
Issuance of Long-Term Debt29,906,00010,432,0008,455,0009,921,000
Repayments of Long-Term Debt(2,524,000)(1,969,000)(1,058,000)(850,000)
Net Issuance / (Repayments) of Long-Term Debt27,382,0008,463,0007,397,0009,071,000
Repurchases of Common Shares(26,248,000)(30,125,000)(19,774,000)(27,956,000)
Net Issuance / (Repurchases) of Common Shares(26,248,000)(30,125,000)(19,774,000)(27,956,000)
Common Share Dividends Paid(5,324,000)(5,072,000)——
Other Financing Activities(16,180,000)(14,047,000)(7,123,000)(3,251,000)
Cash from Financing Activities(20,370,000)(40,781,000)(19,500,000)(22,136,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents235,000(786,000)113,000(638,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash(6,338,000)2,611,00027,231,000(1,269,000)

Key Metrics & Ratios

MetricValue
Market Cap$1670.03B
P/E28.10x
P/S8.31x
EV/EBITDA16.41x
Return on Equity30.2%
Return on Invested Capital26.8%
Current Ratio2.60x
Dividend Yield0.3%
Free Cash Flow Margin22.9%

Margins

Gross margin
82.0%
Operating margin
41.4%
Net margin
30.1%

Quarterly Trend

QuarterRevenueYoY growthOperating marginOperating income
Q1 2026 $56.31B +33.1% 40.6% $22.87B
Q4 2025 $59.89B +23.8% 41.3% $24.75B
Q3 2025 $51.24B +26.2% 40.1% $20.54B
Q2 2025 $47.52B +21.6% 43.0% $20.44B
Q1 2025 $42.31B — 41.5% $17.55B
Q4 2024 $48.38B — 48.3% $23.36B
Q3 2024 $40.59B — 42.7% $17.35B
Q2 2024 $39.07B — 38.0% $14.85B

More on Meta Platforms, Inc.

Figures compiled from public company filings.

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.