Meta PlatformsMETAEarnings & Financial Report
Meta Platforms, Inc. is an American multinational technology company headquartered in Menlo Park, California. Meta owns and operates several prominent social media platforms and communication services, including Facebook, Instagram, WhatsApp, Messenger, Threads and Manus. The company also operates an advertising network for its own sites and third parties; as of 2023, advertising accounted for 97.8 percent of its total revenue. Meta has been described as a Big Tech company.
Revenue
$39.1B
Gross Profit
$31.8B
Operating Profit
$14.8B
Net Profit
$13.5B
Gross Margin
81.3%
Operating Margin
38.0%
Net Margin
34.5%
YoY Growth
22.1%
EPS
$5.16
Meta Platforms Q2 FY2024 Financial Summary
Meta Platforms reported revenue of $39.1B (up 22.1% YoY) for Q2 FY2024, with a net profit of $13.5B (up 72.9% YoY) (34.5% margin). Cost of goods sold was $7.3B, operating expenses totaled $16.9B.
Key Financial Metrics
| Total Revenue | $39.1B |
|---|---|
| Net Profit | $13.5B |
| Gross Margin | 81.3% |
| Operating Margin | 38.0% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Meta Platforms Q2 FY2024 revenue of $39.1B breaks down across 3 segments, led by Advertising at $38.3B (98.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Advertising | $38.3B | 98.1% |
| Service Other | $389.0M | 1.0% |
| Reality Labs | $353.0M | 0.9% |
Meta Platforms Revenue by Segment — Quarterly Trend
Meta Platforms revenue by segment across the last 4 reported quarters, showing how each business line (such as Advertising and Service Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Advertising | $55.0B | $58.1B | $50.1B | $46.6B |
| Service Other | — | $801.0M | $690.0M | $583.0M |
| Reality Labs | $402.0M | $955.0M | $470.0M | $370.0M |
Meta Platforms Annual Revenue by Year
Meta Platforms annual revenue history includes year-by-year totals (for example, 2025 revenue was $201.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $201.0B |
| 2024 | $164.5B |
Meta Platforms Quarterly Revenue & Net Profit History
Meta Platforms results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $56.3B | +33.1% | $26.8B | 47.5% |
| Q4 FY2025 | $59.9B | +23.8% | $22.8B | 38.0% |
| Q3 FY2025 | $51.2B | +26.2% | $2.7B | 5.3% |
| Q2 FY2025 | $47.5B | +21.6% | $18.3B | 38.6% |
| Q1 FY2025 | $42.3B | +16.1% | $16.6B | 39.3% |
| Q4 FY2024 | $48.4B | — | $20.8B | 43.1% |
| Q3 FY2024 | $40.6B | +18.9% | $15.7B | 38.7% |
| Q2 FY2024 | $39.1B | +22.1% | $13.5B | 34.5% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $39.07B | $40.59B | $48.39B | $42.31B | $47.52B | $51.24B | $59.89B | $56.31B |
| YoY Growth | 22.1% | 18.9% | N/A | 16.1% | 21.6% | 26.2% | 23.8% | 33.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $230.24B | $256.41B | $276.05B | $280.21B | $294.74B | $303.84B | $366.02B | $395.25B |
| Liabilities | $73.47B | $91.88B | $93.42B | $95.18B | $99.67B | $109.78B | $148.78B | $151.57B |
| Equity | $156.76B | $164.53B | $182.64B | $185.03B | $195.07B | $194.07B | $217.24B | $243.68B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $19.37B | $24.72B | $27.99B | $24.03B | $25.56B | $30.00B | $36.21B | $32.23B |