Meta Platforms, Inc. META

Technology SIC 7370 - Services-Computer Programming, Data Processing, Etc. NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services derived Nasdaq

Our mission is to build the future of human connection and the technology that makes it possible.

Our products enable people to connect and share through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses. We are innovating in artificial intelligence (AI) technologies to build transformative experiences and capabilities across our Family of Apps and new platforms, and to advance our vision to deliver personal superintelligence for everyone.

We build technology that helps people connect and share, find and build communities, and grow businesses. We also help people discover and learn about what is going on in the world around them, enable people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large, and stay connected everywhere by accessing our products. Meta is moving our offerings beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next computing platform. Our vision does not center on any single product, but rather an entire ecosystem of experiences, devices, and new technologies powered by AI. While the metaverse is in the very early stages of its development, we believe it will become the next computing platform and the future of social interaction.

Last close 642.62 2026-10-23
Market cap $1.63T estimated share count
52-week range 520.26 - 779.82

Valuation FY2025 figures against the last close

P/S8.1x
P/E27.4x
P/FCF35.4x
EV/EBITDA15.8x
Dividend yield0.3%
Diluted EPS23.49

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $200.97B$164.50B$134.90B$116.61B$117.93B$85.97B$70.70B$55.84B$40.65B$27.64B
Cost of revenue $36.17B$30.16B$25.96B$25.25B$22.65B$16.69B$12.77B$9.36B$5.45B$3.79B
Gross profit $164.79B$134.34B$108.94B$91.36B$95.28B$69.27B$57.93B$46.48B$35.20B$23.85B
R&D $57.37B$43.87B$38.48B$35.34B$24.66B$18.45B$13.60B$10.27B$7.75B$5.92B
SG&A $12.15B$9.74B$11.41B$11.82B$9.83B$6.56B$10.46B$3.45B$2.52B$1.73B
Total operating expenses $117.69B$95.12B$88.15B$87.67B$71.18B$53.29B$46.71B$30.93B$20.45B$15.21B
Operating income $83.28B$69.38B$46.75B$28.94B$46.75B$32.67B$23.99B$24.91B$20.20B$12.43B
Interest expense $1.17B$715.0M$446.0M$185.0M$23.0M—$20.0M$9.0M$6.0M$10.0M
Pre-tax income $85.93B$70.66B$47.43B$28.82B$47.28B$33.18B$24.81B$25.36B$20.59B$12.52B
Income tax $25.47B$8.30B$8.33B$5.62B$7.91B$4.03B$6.33B$3.25B$4.66B$2.30B
Net income $60.46B$62.36B$39.10B$23.20B$39.37B$29.15B$18.48B$22.11B$15.93B$10.22B
EPS, basic 23.9824.6115.198.6313.9910.226.487.655.493.56
EPS, diluted 23.4923.8614.878.5913.7710.096.437.575.393.49
Shares, diluted (wtd. avg.) 2.57B2.61B2.63B2.70B2.86B2.89B2.88B2.92B2.96B2.92B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $35.87B$43.89B$41.86B$15.60B$16.86B$17.95B$19.28B$10.12B$8.20B$9.11B
Short-term investments $45.72B$33.93B$23.54B$26.06B$31.40B$44.38B$35.78B$31.09B$33.63B$20.55B
Receivables $19.77B$16.99B$16.17B$13.47B$14.04B$11.34B$9.52B$7.59B$5.83B$3.99B
Total current assets $108.72B$100.05B$85.36B$59.55B$66.67B$75.67B$66.22B$50.48B$48.56B$34.40B
Property, plant and equipment ———————$24.68B$13.72B$8.59B
Goodwill $24.53B$20.65B$20.65B$20.31B$19.20B$19.05B$18.71B$18.30B$18.22B$18.12B
Other intangibles $3.69B$915.0M$788.0M$897.0M$634.0M$623.0M$894.0M$1.29B$1.88B$2.54B
Total assets $366.02B$276.05B$229.62B$185.73B$165.99B$159.32B$133.38B$97.33B$84.52B$64.96B
Accounts payable —————$1.33B$1.36B$820.0M$380.0M$302.0M
Total current liabilities $41.84B$33.60B$31.96B$27.03B$21.14B$14.98B$15.05B$7.02B$3.76B$2.88B
Long-term debt $58.74B$28.83B$18.39B$9.92B$0—————
Total liabilities $148.78B$93.42B$76.45B$60.01B$41.11B$31.03B$32.32B$13.21B$10.18B$5.77B
Retained earnings $121.18B$102.51B$82.07B$64.80B$69.76B$77.34B$55.69B$41.98B$33.99B$21.67B
Total equity $217.24B$182.64B$153.17B$125.71B$124.88B$128.29B$101.05B$84.13B$74.35B$59.19B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $115.80B$91.33B$71.11B$50.48B$57.68B$38.75B$36.31B$29.27B$24.22B$16.11B
Depreciation and amortisation $18.62B$15.50B$11.18B$8.69B$7.97B$6.86B$5.74B$4.32B$3.02B$2.34B
Stock-based compensation $20.43B$16.69B$14.03B$11.99B$9.16B$6.54B$4.84B$4.15B$3.72B$3.22B
Capital expenditure $69.69B$37.26B$27.05B$31.19B$18.69B$15.16B$15.10B$13.91B$6.73B$4.49B
Investing cash flow -$102.00B-$47.15B-$24.50B-$28.97B-$7.57B-$30.06B-$19.86B-$11.60B-$20.12B-$11.79B
Financing cash flow -$20.37B-$40.78B-$19.50B-$22.14B-$50.73B-$10.29B-$7.30B-$15.57B-$5.24B-$310.0M
Dividends paid $5.32B$5.07B$0$0——————
Buybacks $26.25B$30.12B$19.77B$27.96B$44.54B$6.27B$4.20B$12.88B$1.98B$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-025532.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100B 200B 300B Revenue, FY2016: 27.6B Gross profit, FY2016: 23.8B Net income, FY2016: 10.2B Revenue, FY2017: 40.7B Gross profit, FY2017: 35.2B Net income, FY2017: 15.9B Revenue, FY2018: 55.8B Gross profit, FY2018: 46.5B Net income, FY2018: 22.1B Revenue, FY2019: 70.7B Gross profit, FY2019: 57.9B Net income, FY2019: 18.5B Revenue, FY2020: 86B Gross profit, FY2020: 69.3B Net income, FY2020: 29.1B Revenue, FY2021: 117.9B Gross profit, FY2021: 95.3B Net income, FY2021: 39.4B Revenue, FY2022: 116.6B Gross profit, FY2022: 91.4B Net income, FY2022: 23.2B Revenue, FY2023: 134.9B Gross profit, FY2023: 108.9B Net income, FY2023: 39.1B Revenue, FY2024: 164.5B Gross profit, FY2024: 134.3B Net income, FY2024: 62.4B Revenue, FY2025: 201B Gross profit, FY2025: 164.8B Net income, FY2025: 60.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $27.64B $40.65B $55.84B $70.70B $85.97B $117.93B $116.61B $134.90B $164.50B $200.97B
Gross profit $23.85B $35.20B $46.48B $57.93B $69.27B $95.28B $91.36B $108.94B $134.34B $164.79B
Net income $10.22B $15.93B $22.11B $18.48B $29.15B $39.37B $23.20B $39.10B $62.36B $60.46B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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