Meta Platforms, Inc. (META) financials — revenue, cash, debt and margins

Key figures

Trailing twelve months where a flow is involved, latest reported balance where it is not.

Valuation

Market cap: $1.9T
P/E (TTM): 27.84
Price / sales: 8.30
EV / EBITDA: 17.49
Price / book: 7.26

Cash flow

FCF yield: 2.2%
SBC-adjusted FCF yield: 0.8%
SBC impact: 61.3%
Stock compensation (TTM): $25.1B

Margins & growth

Profit margin: 29.8%
Operating margin: 38.1%
Quarterly revenue (year on year): 28.0%
Quarterly earnings (year on year): -13.6%

Balance sheet

Cash & investments: $90.3B
Debt: $112.3B
Net cash / (debt): -$22.1B

Where the revenue comes from

Family of Apps is 99% of revenue.

By business segment

Year to Dec 31, 2025 · $201B

Family of Apps99%
$198.8B+22.4% vs. a year earlier
Reality Labs1%
$2.2B+2.8% vs. a year earlier

By region

Year to Dec 31, 2025 · $201B

US Canada39%
$78.9B+24.8% vs. a year earlier
Asia Pacific27%
$53.8B+19.6% vs. a year earlier
Europe23%
$46.6B+21.4% vs. a year earlier
Rest of World11%
$21.7B+21.1% vs. a year earlier

Operating metrics

What the company itself counts and reports each quarter, alongside the accounts.

Headcount

77.99K

as of Mar 31, 2026

-1.1% vs Dec 31, 2025

Read from the wording of the company’s own filings rather than from tagged data, and labelled exactly as the company labels them. Definitions differ between companies and can change between filings, so these figures compare to their own history and to nothing else.

What it owns and what it owes

Both on one scale, because both are money — the bar that is taller is the one that matters.

Cash and debt

Cash & InvestmentsTotal Debt

Cash counts short-term investments, not just the bank balance — technology companies park most of it in marketable securities, and leaving those out understates it several times over. Debt includes lease obligations.

Where the money goes

Cost of RevenueR&D ExpenseSG&A Expense

Only the three costs filers report consistently. Anything a company does not break out sits outside these bands, so the stack is not the whole cost base.

The rest of the series

Not on the overview because five charts is as much as one decision needs — but here in full, on one period switch. Each bar sums the four quarters ending there — a full year, brought up to today.

Total Revenue

$228.25BQ2 2026+6.2%

1Y: +27.65%2Y: +52.39%5Y: +117.81%

Everything the company sold, before any costs. Each bar sums the four quarters ending there — a full year, brought up to today.

EBITDA

$109.66BQ2 2026+0.3%

1Y: +14.90%2Y: +52.64%5Y: +110.56%

Operating profit before depreciation and amortisation — approximated from operating income, because no depreciation tag is reported consistently enough across filers to do better. Treat it as indicative. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit

$68.1BQ2 2026-3.5%29.8% of revenue

1Y: -4.77%2Y: +32.40%5Y: +74.81%

What was left after every cost, including tax. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit margin

29.8%Q2 2026-9.1%

How much of every dollar of sales the company keeps as profit. A grocer keeps a few cents; a software company can keep half. Each point covers the four quarters ending there — a full year, brought up to today.

Free Cash Flow

$40.98BQ2 2026-15.1%

1Y: -18.27%2Y: -17.65%5Y: +27.79%

Cash left over after running and maintaining the business. Each bar sums the four quarters ending there — a full year, brought up to today.

Profit per share

$26.54Q2 2026-3.5%

1Y: -3.77%2Y: +35.62%5Y: +96.74%

The same profit, split across every share. If this lags the profit chart above, the company is issuing shares and your slice is getting smaller. Restated onto today’s share count, so stock splits do not show as jumps. Each bar sums the four quarters ending there — a full year, brought up to today.

Shares outstanding

2.57BQ2 20260.0%

How many shares the profit is divided across. Rising is dilution; falling is the company buying itself back. Restated onto today’s basis, so splits do not show as jumps. Each point covers the four quarters ending there — a full year, brought up to today.

Price to earnings

19.7xQ2 2026-13.5%

19.7x today · median 26.9x and range 11.0x–35.0x across the points shown, Q3 2021 to Q2 2026

Paid per unit of yearly profit. Periods with a loss, or profits too small for the ratio to mean anything, are left out — the line breaks rather than drawing through them. Each point covers the four quarters ending there — a full year, brought up to today.

Dividends paid

$5.35BQ2 2026+0.6%

1Y: +3.36%2Y: +110.71%

Cash handed to shareholders. A flat line at zero means the company pays none. Each bar sums the four quarters ending there — a full year, brought up to today.

About Meta Platforms, Inc.

Ticker: META
SEC classification: Services-Computer Programming, Data Processing, Etc. (7370)
Listed on: Nasdaq
Incorporated in: DE
Financial year ends: December 31
Filer size: Large accelerated filer

About this data

Everything above comes from Meta Platforms, Inc.’s own filings with the SEC, as reported. No estimates, no analyst figures, nothing adjusted.

Not reported by this filer: Gross Profit, Interest Income, Net Interest Income, Non-interest Income, Non-interest Expense, Deposits, Loans, Inventory, Long-term Debt (current), Short-term Borrowings, and Borrowings (total). Companies choose which XBRL tags to use, and anything untagged cannot be recovered — so these are blank rather than guessed.