Meta Platforms Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Meta Platforms Inc. reported revenue of $201.0B (+22.2% year on year) and net income of $60.5B (-3.1% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $201.0B | $164.5B | $134.9B | $116.6B |
| Cost of revenue | $36.2B | $30.2B | $26.0B | $25.2B |
| Research and development | $57.4B | $43.9B | $38.5B | $35.3B |
| Marketing and sales | $12.0B | $11.3B | $12.3B | $15.3B |
| General and administrative | $12.2B | $9.7B | $11.4B | $11.8B |
| Total costs and expenses | $117.7B | $95.1B | $88.2B | $87.7B |
| Income (loss) from operations | $83.3B | $69.4B | $46.8B | $28.9B |
| Interest and other income, net | $2.7B | $1.3B | $677.0M | ($125.0M) |
| Income before provision for income taxes | $85.9B | $70.7B | $47.4B | $28.8B |
| Provision for income taxes | $25.5B | $8.3B | $8.3B | $5.6B |
| Net income | $60.5B | $62.4B | $39.1B | $23.2B |
| Basic (in dollars per share) | $23.98 | $24.61 | $15.19 | $8.63 |
| Diluted (in dollars per share) | $23.49 | $23.86 | $14.87 | $8.59 |
| Basic (in shares) | 2.5B | 2.5B | 2.6B | 2.7B |
| Diluted (in shares) | 2.6B | 2.6B | 2.6B | 2.7B |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Revenue | $64.6B | $60.8B | $56.3B | $51.2B |
| Cost of revenue | $13.4B | $11.3B | $10.2B | $9.2B |
| Research and development | $20.1B | $21.7B | $17.7B | $15.1B |
| Marketing and sales | $3.3B | $3.4B | $2.9B | $2.8B |
| General and administrative | $14.9B | $5.6B | $2.6B | $3.5B |
| Total costs and expenses | $51.6B | $42.0B | $33.4B | $30.7B |
| Income (loss) from operations | $13.0B | $18.8B | $22.9B | $20.5B |
| Interest and other income (expense), net | $13.0M | ($19.0M) | ($1.1B) | $1.1B |
| Income before income taxes | $13.0B | $18.8B | $21.8B | $21.7B |
| Provision for income taxes | $3.1B | $2.9B | ($5.0B) | $19.0B |
| Net income | $9.9B | $15.8B | $26.8B | $2.7B |
| Basic (in dollars per share) | $3.86 | $6.23 | $10.57 | $1.08 |
| Diluted (in dollars per share) | $3.83 | $6.18 | $10.44 | $1.05 |
| Basic (in shares) | 2.6B | 2.5B | 2.5B | 2.5B |
| Diluted (in shares) | 2.6B | 2.6B | 2.6B | 2.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $35.9B | $43.9B | $41.9B | $14.7B |
| Marketable securities | $45.7B | $33.9B | $23.5B | $26.1B |
| Accounts receivable, net | $19.8B | $17.0B | $16.2B | $13.5B |
| Prepaid expenses and other current assets | $7.4B | $5.2B | $3.8B | $5.3B |
| Total current assets | $108.7B | $100.0B | $85.4B | $59.5B |
| Non-marketable equity investments | $27.5B | $6.1B | $6.1B | $6.2B |
| Property and equipment, net | $176.4B | $121.3B | $96.6B | $79.5B |
| Operating lease right-of-use assets | $20.4B | $14.9B | $13.3B | $12.7B |
| Goodwill | $24.5B | $20.7B | $20.7B | $20.3B |
| Other assets | $8.4B | $13.0B | $6.8B | $6.6B |
| Total assets | $366.0B | $276.1B | $229.6B | $185.7B |
| Accounts payable | $8.9B | $7.7B | $4.8B | $5.0B |
| Operating lease liabilities, current | $2.2B | $1.9B | $1.6B | $1.4B |
| Accrued expenses and other current liabilities | $30.7B | $24.0B | $24.6B | $19.6B |
| Total current liabilities | $41.8B | $33.6B | $32.0B | $27.0B |
| Operating lease liabilities, non-current | $22.9B | $18.3B | $17.2B | $15.3B |
| Long-term debt | $58.7B | $28.8B | $18.4B | $9.9B |
| Long-term income taxes | $21.0B | $10.0B | — | — |
| Other liabilities | $4.3B | $2.7B | $8.9B | $7.8B |
| Total liabilities | $148.8B | $93.4B | $76.5B | $60.0B |
| Common stock, $0.000006 par value; 5,000 million Class A shares authorized, 2,187 million and 2,190 million shares issued and outstanding, as of December 31, 2025 and 2024, respectively; 4,141 million Class B shares authorized, 343 million and 344 million shares issued and outstanding, as of December 31, 2025 and 2024, respectively | 0 | 0 | 0 | 0 |
| Additional paid-in capital | $95.8B | $83.2B | $73.3B | $64.4B |
| Accumulated other comprehensive income (loss) | $271.0M | ($3.1B) | ($2.2B) | ($3.5B) |
| Retained earnings | $121.2B | $102.5B | $82.1B | $64.8B |
| Total stockholders' equity | $217.2B | $182.6B | $153.2B | $125.7B |
| Total liabilities and stockholders' equity | $366.0B | $276.1B | $229.6B | $185.7B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $11.2B | $15.5B | $23.4B | $10.2B |
| Marketable securities | $71.2B | $74.8B | $57.8B | $34.3B |
| Accounts receivable, net | $22.7B | $21.8B | $17.5B | $17.3B |
| Prepaid expenses and other current assets | $14.7B | $13.5B | $11.1B | $11.4B |
| Total current assets | $119.9B | $125.5B | $109.8B | $73.1B |
| Non-marketable equity investments | $32.6B | $30.2B | $28.4B | $25.1B |
| Property and equipment, net | $253.2B | $225.7B | $194.8B | $160.3B |
| Operating lease right-of-use assets | $26.6B | $24.0B | $23.3B | $17.4B |
| Goodwill | $23.4B | $23.4B | $24.7B | $21.2B |
| Other assets | $23.1B | $21.2B | $14.3B | $6.9B |
| Total assets | $478.8B | $450.0B | $395.3B | $303.8B |
| Accounts payable | $19.1B | $15.9B | $13.3B | $7.8B |
| Operating lease liabilities, current | $2.5B | $2.4B | $2.4B | $2.1B |
| Accrued expenses and other current liabilities | $41.4B | $38.1B | $31.0B | $27.0B |
| Total current liabilities | $63.0B | $56.4B | $46.8B | $37.0B |
| Operating lease liabilities, non-current | $28.7B | $26.2B | $25.6B | $20.1B |
| Long-term debt | $80.9B | $83.7B | $58.7B | $28.8B |
| Long-term income taxes | $20.5B | $18.3B | $16.8B | $11.7B |
| Other liabilities | $13.3B | $4.1B | $3.6B | $12.1B |
| Total liabilities | $206.4B | $188.7B | $151.6B | $109.8B |
| Common stock and additional paid-in capital | $108.2B | $104.0B | $99.3B | — |
| Accumulated other comprehensive income (loss) | ($1.2B) | ($603.0M) | ($303.0M) | $159.0M |
| Retained earnings | $165.3B | $157.8B | $144.6B | $101.6B |
| Total stockholders' equity | $272.4B | $261.2B | $243.7B | $194.1B |
| Total liabilities and stockholders' equity | $478.8B | $450.0B | $395.3B | $303.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $60.5B | $62.4B | $39.1B | $23.2B |
| Depreciation and amortization | $18.6B | $15.5B | $11.2B | $8.7B |
| Share-based compensation | $20.4B | $16.7B | $14.0B | $12.0B |
| Deferred income taxes | $18.7B | ($4.7B) | $131.0M | ($3.3B) |
| Unrealized (gain) loss on equity investments | ($1.1B) | — | — | — |
| Impairment charges for facilities consolidation | $0 | $383.0M | $2.4B | — |
| Other | ($416.0M) | $87.0M | $635.0M | $178.0M |
| Accounts receivable | ($1.8B) | ($1.5B) | ($2.4B) | $231.0M |
| Prepaid expenses and other current assets | ($89.0M) | ($698.0M) | $559.0M | $162.0M |
| Other assets | ($481.0M) | ($270.0M) | ($80.0M) | ($106.0M) |
| Accounts payable | ($14.0M) | $373.0M | $51.0M | $210.0M |
| Accrued expenses and other current liabilities | $1.1B | $323.0M | $5.4B | $4.2B |
| Other liabilities | $437.0M | $2.8B | $624.0M | $886.0M |
| Net cash provided by operating activities | $115.8B | $91.3B | $71.1B | $50.5B |
| Purchases of property and equipment | ($69.7B) | ($37.3B) | ($27.3B) | ($31.4B) |
| Purchases of marketable securities | ($36.9B) | ($25.5B) | — | — |
| Sales and maturities of marketable securities | $26.9B | $15.8B | — | — |
| Payments for held-for-sale assets | ($2.4B) | — | — | — |
| Proceeds from Venture distribution | $2.6B | — | — | — |
| Purchases of non-marketable equity investments | ($18.3B) | — | — | ($5.0M) |
| Acquisitions of businesses and intangible assets | ($4.2B) | ($270.0M) | ($629.0M) | ($1.3B) |
| Other investing activities | $182.0M | $129.0M | ($23.0M) | $1.0M |
| Net cash used in investing activities | ($102.0B) | ($47.1B) | ($24.5B) | ($29.0B) |
| Taxes paid related to net share settlement of equity awards | ($18.4B) | ($13.8B) | ($7.0B) | ($3.6B) |
| Repurchases of Class A common stock | ($26.2B) | ($30.1B) | ($19.8B) | ($28.0B) |
| Payments for dividends and dividend equivalents | ($5.3B) | ($5.1B) | — | — |
| Proceeds from issuance of long-term debt, net | $29.9B | $10.4B | $8.5B | $9.9B |
| Principal payments on finance leases | ($2.5B) | ($2.0B) | ($1.1B) | ($850.0M) |
| Other financing activities | $2.2B | ($277.0M) | ($111.0M) | $344.0M |
| Net cash used in financing activities | ($20.4B) | ($40.8B) | ($19.5B) | ($22.1B) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash equivalents | $235.0M | ($786.0M) | $113.0M | ($638.0M) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash equivalents | ($6.3B) | $2.6B | $27.2B | ($1.3B) |
| Cash, cash equivalents, and restricted cash equivalents at beginning of the period | $45.4B | $42.8B | $15.6B | $16.9B |
| Cash, cash equivalents, and restricted cash equivalents at end of the period | $39.1B | — | — | — |
| Cash and cash equivalents | $35.9B | $43.9B | $41.9B | $14.7B |
| Restricted cash equivalents, included in prepaid expenses and other current assets | $837.0M | $353.0M | — | — |
| Restricted cash equivalents, included in other assets | $2.4B | $1.2B | — | — |
| Total cash, cash equivalents, and restricted cash equivalents | $39.1B | — | — | — |
| Cash paid for income taxes, net | $7.6B | $10.6B | $6.6B | $6.4B |
| Cash paid for interest, net of amounts capitalized | $696.0M | $486.0M | $448.0M | — |
| Property and equipment in accounts payable and accrued expenses and other current liabilities | $9.3B | $7.1B | $4.1B | $3.3B |
| Acquisition of businesses and intangible assets in accounts payable, accrued expenses and other current liabilities, and other liabilities | $2.7B | $172.0M | — | — |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $52.5B | $42.6B | $26.8B | $37.7B |
| Depreciation and amortization | $19.5B | $12.4B | $6.0B | $13.2B |
| Share-based compensation | $21.1B | $13.7B | $6.0B | $14.5B |
| Deferred income taxes | $3.7B | $1.6B | $123.0M | $17.7B |
| Unrealized (gain) and loss on equity investments | $1.2B | $1.2B | $1.1B | — |
| Other | ($402.0M) | ($73.0M) | ($17.0M) | ($453.0M) |
| Accounts receivable | ($3.3B) | ($2.3B) | $2.1B | $660.0M |
| Prepaid expenses and other current assets | ($4.2B) | ($3.2B) | ($2.4B) | ($348.0M) |
| Other assets | ($5.0B) | ($2.5B) | ($1.1B) | ($209.0M) |
| Accounts payable | $1.2B | ($354.0M) | ($937.0M) | ($637.0M) |
| Accrued expenses and other current liabilities | $7.6B | $5.7B | ($271.0M) | ($2.9B) |
| Other liabilities | $2.9B | ($4.5B) | ($5.2B) | $868.0M |
| Net cash provided by operating activities | $96.9B | $64.1B | $32.2B | $79.6B |
| Purchases of property and equipment | ($83.1B) | ($49.1B) | ($19.0B) | ($48.3B) |
| Purchases of marketable securities | ($117.5B) | ($75.6B) | ($33.0B) | ($22.3B) |
| Sales and maturities of marketable securities | $88.8B | $44.0B | $19.2B | $23.8B |
| Payments for non-marketable equity investments | ($2.5B) | ($1.7B) | ($544.0M) | ($18.3B) |
| Payments for held-for-sale assets | ($1.6B) | ($674.0M) | ($118.0M) | ($1.8B) |
| Proceeds from data center venture distribution | $1.0B | — | — | — |
| Acquisitions of businesses and intangible assets | ($584.0M) | ($474.0M) | ($372.0M) | ($815.0M) |
| Other investing activities | $1.1B | $156.0M | $155.0M | ($48.0M) |
| Net cash used in investing activities | ($114.3B) | ($83.3B) | ($33.7B) | ($67.8B) |
| Taxes paid related to net share settlement of equity awards | ($12.8B) | ($8.7B) | ($4.4B) | ($14.1B) |
| Repurchases of Class A common stock | $0 | $0 | $0 | ($26.2B) |
| Payments for dividends and dividend equivalents | ($4.1B) | ($2.7B) | ($1.3B) | ($4.0B) |
| Proceeds from issuance of long-term debt, net | $24.9B | $24.9B | — | $0 |
| Principal payments on finance leases | ($2.8B) | ($1.8B) | ($843.0M) | ($1.8B) |
| Other financing activities | ($2.6B) | ($2.3B) | $59.0M | $613.0M |
| Net cash provided by (used in) financing activities | $2.7B | $9.4B | ($6.6B) | ($45.5B) |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | $8.0M | $0 | $7.0M | $252.0M |
| Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents | ($14.7B) | ($9.8B) | ($8.0B) | ($33.5B) |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of the period | $39.1B | $39.1B | $39.1B | $45.4B |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of the period | $24.4B | $29.3B | $31.1B | — |
| Cash and cash equivalents | $11.2B | $15.5B | $23.4B | $10.2B |
| Restricted cash and restricted cash equivalents, included in prepaid expenses and other current assets | $597.0M | $702.0M | $340.0M | $142.0M |
| Restricted cash and restricted cash equivalents, included in other assets | $12.5B | $13.1B | $7.3B | $1.6B |
| Total cash, cash equivalents, restricted cash, and restricted cash equivalents | $24.4B | $29.3B | $31.1B | — |
| Cash paid for income taxes, net | $2.9B | $2.0B | $541.0M | $6.3B |
| Cash paid for interest, net of amounts capitalized | $1.4B | $1.1B | $284.0M | $603.0M |
| Property and equipment in accounts payable and accrued expenses and other current liabilities | $21.1B | $19.5B | $16.0B | $9.1B |
| Acquisition of businesses and intangible assets in accounts payable, accrued expenses and other current liabilities, and other liabilities | $1.6B | $2.2B | $2.2B | $1.9B |
Meta Platforms Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.