Meta Platforms, Inc. (META) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 56.31B | 59.89B | 51.24B | 47.52B | 42.31B | 48.38B | 40.59B | 39.07B | 36.45B | 40.11B | 34.15B | 32B | 28.64B | 32.16B | 27.71B | 28.82B | 27.91B | 33.67B | 29.01B | 29.08B |
| Revenue Growth % | 33.08% | 23.79% | 26.25% | 21.61% | 16.07% | 20.63% | 18.87% | 22.1% | 27.26% | 24.7% | 23.21% | 11.02% | 2.64% | -4.47% | -4.47% | -0.88% | 6.64% | 19.95% | 35.12% | 55.6% |
| Cost of Goods Sold | 10.22B | 10.91B | 9.21B | 8.49B | 7.57B | 8.84B | 7.38B | 7.31B | 6.64B | 7.7B | 6.21B | 5.95B | 6.11B | 8.34B | 5.72B | 5.19B | 6B | 6.35B | 5.77B | 5.4B |
| COGS % of Revenue | 18.15% | 18.21% | 17.97% | 17.87% | 17.89% | 18.27% | 18.17% | 18.7% | 18.21% | 19.18% | 18.19% | 18.58% | 21.32% | 25.92% | 20.63% | 18.01% | 21.52% | 18.85% | 19.89% | 18.57% |
| Gross Profit | 46.09B | 48.99B | 42.04B | 39.02B | 34.74B | 39.55B | 33.21B | 31.76B | 29.82B | 32.42B | 27.94B | 26.05B | 22.54B | 23.83B | 22B | 23.63B | 21.9B | 27.32B | 23.24B | 23.68B |
| Gross Margin % | 81.85% | 81.79% | 82.03% | 82.13% | 82.11% | 81.73% | 81.83% | 81.3% | 81.79% | 80.82% | 81.81% | 81.42% | 78.68% | 74.08% | 79.38% | 81.99% | 78.48% | 81.15% | 80.11% | 81.43% |
| Gross Profit Growth % | 32.67% | 23.88% | 26.56% | 22.86% | 16.53% | 22% | 18.89% | 21.91% | 32.29% | 36.04% | 26.99% | 10.26% | 2.89% | -12.79% | -5.34% | -0.2% | 4.1% | 19.51% | 34.52% | 59.36% |
| Operating Expenses | 23.22B | 24.24B | 21.5B | 18.58B | 17.19B | 16.18B | 15.86B | 16.92B | 16B | 16.03B | 14.19B | 16.66B | 15.31B | 17.43B | 16.33B | 15.27B | 13.38B | 14.74B | 12.82B | 11.31B |
| OpEx % of Revenue | 41.24% | 40.48% | 41.96% | 39.11% | 40.62% | 33.44% | 39.08% | 43.3% | 43.88% | 39.97% | 41.55% | 52.07% | 53.45% | 54.19% | 58.94% | 52.99% | 47.94% | 43.77% | 44.18% | 38.9% |
| Selling, General & Admin | 5.52B | 7.11B | 6.36B | 5.64B | 5.04B | 4B | 4.69B | 6.38B | 6.02B | 5.51B | 4.95B | 7.32B | 5.93B | 7.66B | 7.16B | 6.58B | 5.67B | 7.69B | 6.5B | 5.21B |
| SG&A % of Revenue | 9.81% | 11.87% | 12.41% | 11.87% | 11.9% | 8.27% | 11.55% | 16.33% | 16.51% | 13.75% | 14.49% | 22.87% | 20.7% | 23.81% | 25.85% | 22.84% | 20.32% | 22.84% | 22.41% | 17.94% |
| Research & Development | 17.7B | 17.14B | 15.14B | 12.94B | 12.15B | 12.18B | 11.18B | 10.54B | 9.98B | 10.52B | 9.24B | 9.34B | 9.38B | 9.77B | 9.17B | 8.69B | 7.71B | 7.05B | 6.32B | 6.1B |
| R&D % of Revenue | 31.43% | 28.61% | 29.55% | 27.24% | 28.71% | 25.17% | 27.54% | 26.97% | 27.37% | 26.22% | 27.06% | 29.2% | 32.75% | 30.38% | 33.09% | 30.15% | 27.62% | 20.93% | 21.77% | 20.96% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 22.87B | 24.75B | 20.54B | 20.44B | 17.55B | 23.36B | 17.35B | 14.85B | 13.82B | 16.38B | 13.75B | 9.39B | 7.23B | 6.4B | 5.66B | 8.36B | 8.52B | 12.59B | 10.42B | 12.37B |
| Operating Margin % | 40.62% | 41.31% | 40.07% | 43.02% | 41.49% | 48.29% | 42.75% | 38% | 37.9% | 40.85% | 40.26% | 29.35% | 25.23% | 19.89% | 20.44% | 29% | 30.54% | 37.38% | 35.93% | 42.53% |
| Operating Income Growth % | 30.29% | 5.91% | 18.36% | 37.68% | 27.04% | 42.6% | 26.2% | 58.08% | 91.2% | 156.04% | 142.73% | 12.37% | -15.22% | -49.15% | -45.66% | -32.42% | -25.08% | -1.49% | 29.64% | 107.4% |
| EBITDA | 28.87B | 30.16B | 25.5B | 24.78B | 21.45B | 27.82B | 21.38B | 18.48B | 17.19B | 19.56B | 16.61B | 12.02B | 9.75B | 8.78B | 7.84B | 10.34B | 10.68B | 14.6B | 12.42B | 14.35B |
| EBITDA Margin % | 51.27% | 50.35% | 49.76% | 52.16% | 50.7% | 57.51% | 52.67% | 47.31% | 47.16% | 48.75% | 48.64% | 37.55% | 34.04% | 27.28% | 28.29% | 35.87% | 38.27% | 43.36% | 42.81% | 49.36% |
| EBITDA Growth % | 34.57% | 8.38% | 19.28% | 34.08% | 24.8% | 42.28% | 28.72% | 53.84% | 76.31% | 122.86% | 111.85% | 16.23% | -8.7% | -39.89% | -36.87% | -27.98% | -20% | -0.27% | 27.52% | 87.2% |
| D&A (Non-Cash Add-back) | 6B | 5.41B | 4.96B | 4.34B | 3.9B | 4.46B | 4.03B | 3.64B | 3.37B | 3.17B | 2.86B | 2.62B | 2.52B | 2.38B | 2.17B | 1.98B | 2.16B | 2.01B | 2B | 1.99B |
| EBIT | 23.99B | 26.06B | 21.89B | 20.77B | 18.62B | 23.8B | 18.03B | 15.23B | 14.31B | 16.94B | 14.16B | 9.41B | 7.36B | 6.4B | 5.64B | 8.19B | 8.91B | 12.59B | 10.42B | 12.37B |
| Net Interest Income | 0 | 450M | 132M | 240M | 418M | 480M | 453M | 412M | 458M | 452M | 395M | 207M | 138M | 32M | 77M | 91M | 76M | 102M | 120M | 121M |
| Interest Income | 0 | 1.16B | 359M | 481M | 658M | 731M | 661M | 540M | 585M | 588M | 534M | 323M | 193M | 142M | 142M | 96M | 81M | 102M | 120M | 121M |
| Interest Expense | 0 | 708M | 227M | 241M | 240M | 251M | 208M | 128M | 127M | 136M | 139M | 116M | 55M | 110M | 65M | 5M | 5M | 0 | 0 | 0 |
| Other Income/Expense | -1.12B | 608M | 1.13B | 93M | 827M | 188M | 472M | 259M | 365M | 423M | 272M | -99M | 80M | -250M | -88M | -172M | 384M | 118M | 142M | 146M |
| Pretax Income | 21.75B | 25.35B | 21.66B | 20.53B | 18.38B | 23.55B | 17.82B | 15.11B | 14.18B | 16.81B | 14.02B | 9.29B | 7.31B | 6.15B | 5.58B | 8.19B | 8.91B | 12.7B | 10.56B | 12.51B |
| Pretax Margin % | 38.63% | 42.33% | 42.28% | 43.21% | 43.44% | 48.68% | 43.91% | 38.66% | 38.91% | 41.9% | 41.06% | 29.04% | 25.51% | 19.12% | 20.12% | 28.4% | 31.92% | 37.73% | 36.42% | 43.03% |
| Income Tax | -5.02B | 2.58B | 18.95B | 2.2B | 1.74B | 2.71B | 2.13B | 1.64B | 1.81B | 2.79B | 2.44B | 1.5B | 1.6B | 1.5B | 1.18B | 1.5B | 1.44B | 2.42B | 1.37B | 2.12B |
| Effective Tax Rate % | -23.08% | 10.2% | 87.49% | 10.7% | 9.45% | 11.52% | 11.97% | 10.86% | 12.79% | 16.6% | 17.38% | 16.19% | 21.87% | 24.33% | 21.18% | 18.31% | 16.2% | 19.03% | 12.98% | 16.93% |
| Net Income | 26.77B | 22.77B | 2.71B | 18.34B | 16.64B | 20.84B | 15.69B | 13.46B | 12.37B | 14.02B | 11.58B | 7.79B | 5.71B | 4.65B | 4.39B | 6.69B | 7.46B | 10.29B | 9.19B | 10.39B |
| Net Margin % | 47.54% | 38.01% | 5.29% | 38.59% | 39.33% | 43.07% | 38.65% | 34.46% | 33.93% | 34.95% | 33.92% | 24.34% | 19.93% | 14.47% | 15.86% | 23.2% | 26.75% | 30.55% | 31.69% | 35.75% |
| Net Income Growth % | 60.86% | 9.26% | -82.73% | 36.18% | 34.56% | 48.66% | 35.44% | 72.89% | 116.66% | 201.25% | 163.55% | 16.46% | -23.52% | -54.76% | -52.2% | -35.66% | -21.4% | -8.33% | 17.18% | 100.73% |
| Net Income (Continuing) | 26.77B | 22.77B | 2.71B | 18.34B | 16.64B | 20.84B | 15.69B | 13.46B | 12.37B | 14.02B | 11.58B | 7.79B | 5.71B | 4.65B | 4.39B | 6.69B | 7.46B | 10.29B | 9.19B | 10.39B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 10.44 | 8.87 | 1.05 | 7.14 | 6.43 | 8.02 | 6.03 | 5.16 | 4.71 | 5.33 | 4.39 | 2.98 | 2.20 | 1.76 | 1.64 | 2.46 | 2.72 | 3.68 | 3.22 | 3.61 |
| EPS Growth % | 62.36% | 10.6% | -82.59% | 38.37% | 36.52% | 50.47% | 37.36% | 73.15% | 114.09% | 202.84% | 167.68% | 21.14% | -19.12% | -52.17% | -49.07% | -31.86% | -17.58% | -5.15% | 18.82% | 100.56% |
| EPS (Basic) | 10.57 | 9.03 | 1.08 | 7.28 | 6.59 | 8.22 | 6.20 | 5.31 | 4.86 | 5.46 | 4.50 | 3.03 | 2.21 | 1.76 | 1.64 | 2.47 | 2.74 | 3.72 | 3.27 | 3.67 |
| Diluted Shares Outstanding | 2.56B | 2.57B | 2.57B | 2.57B | 2.59B | 2.61B | 2.6B | 2.61B | 2.63B | 2.63B | 2.64B | 2.61B | 2.6B | 2.64B | 2.69B | 2.71B | 2.74B | 2.8B | 2.86B | 2.88B |
| Basic Shares Outstanding | 2.53B | 2.52B | 2.52B | 2.52B | 2.53B | 2.53B | 2.53B | 2.53B | 2.54B | 2.57B | 2.58B | 2.57B | 2.59B | 2.64B | 2.68B | 2.7B | 2.73B | 2.8B | 2.86B | 2.88B |
| Dividend Payout Ratio | 5.03% | 5.88% | 49.1% | 7.24% | 7.98% | 6.09% | 8.05% | 9.4% | 10.29% | - | - | - | - | - | - | - | - | - | - | - |