META

Updated: Mar 12, 2026 11:30 AM

Meta Platforms Inc.

Market Cap: $1.62T P/S: 32x Ownership — Insider: 0.1% | Institutional: 79.4% | Retail: 20.6% COMMUNICATION SERVICES INTERNET CONTENT & INFORMATION

Meta Platforms, Inc. is a leading technology firm based in Menlo Park, California, renowned for transforming social connectivity through its flagship platforms, including Facebook, Instagram, and WhatsApp. Pioneering developments in virtual and augmented reality via its Reality Labs division, Meta is at the forefront of the metaverse, exploring innovative consumer engagement avenues. By significantly investing in immersive technologies, the company not only attracts a large, diverse user base but also enhances its advertising revenue, thereby reinforcing its position as a dominant force in the rapidly evolving digital landscape.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        18/18 dates (100%)
  ✅ grossProfit                         18/18 dates (100%)
  ✅ netIncome                           18/18 dates (100%)

Plot for META (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -164.50B                   -82.25B                    0.00B                    82.25B                    164.50B
               |                         |                         |                         |                         |

  2007-12-31 |                                                    |  0.15B
  2008-12-31 |                                                    |  0.27B
  2009-12-31 |                                                     |  0.78B
  2010-12-31 |                                                     |  1.97B
  2011-12-31 |                                                     |  3.71B
  2012-12-31 |                                                     |  5.09B
  2013-12-31 |                                                     |  7.87B
  2014-12-31 |                                                     |  12.47B
  2015-12-31 |                                                     |  17.93B
  2016-12-31 |                                                     |  27.64B
  2017-12-31 |                                                     |  40.65B
  2018-12-31 |                                                     |  55.84B
  2019-12-31 |                                                     |  70.70B
  2020-12-31 |                                                     |  85.97B
  2021-12-31 |                                                     |  117.93B
  2022-12-31 |                                                     |  116.61B
  2023-12-31 |                                                     |  134.90B
  2024-12-31 |                                                     | 164.50B

               |                         |                         |                         |                         |
               -164.50B                   -82.25B                    0.00B                    82.25B                    164.50B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              18/18 dates (100%)
  ✅ sellingGeneralAndAdministrative     18/18 dates (100%)
  ✅ costofGoodsAndServicesSold          18/18 dates (100%)

Plot for META (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                    10.97B                    21.94B                    32.90B                    43.87B
               |                         |                         |                         |                         |

  2007-12-31 |  0.15B
  2008-12-31 |  0.16B
  2009-12-31 |  0.22B
  2010-12-31 |  0.49B
  2011-12-31 |  0.86B
  2012-12-31 |  1.40B
  2013-12-31 |  1.88B
  2014-12-31 |  2.67B
  2015-12-31 |  4.82B
  2016-12-31 |  5.92B
  2017-12-31 |  7.75B
  2018-12-31 |  10.27B
  2019-12-31 |  13.60B
  2020-12-31 |  18.45B
  2021-12-31 |  24.66B
  2022-12-31 |  35.34B
  2023-12-31 |  38.48B
  2024-12-31 |  43.87B

               |                         |                         |                         |                         |
               0.00B                    10.97B                    21.94B                    32.90B                    43.87B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         15/18 dates (83%)
  ⚠️  shortLongTermDebtTotal              14/18 dates (78%)
  ✅ operatingCashflow                   16/16 dates (100%)

Plot for META (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                    22.83B                    45.66B                    68.50B                    91.33B
               |                         |                         |                         |                         |

  2009-12-31 |  0.15B ⊗⊗
  2010-12-31 |  1.78B
  2011-12-31 |  1.55B
  2012-12-31 |  2.38B
  2013-12-31 |  4.22B
  2014-12-31 |  5.46B
  2015-12-31 |  8.60B
  2016-12-31 |  16.11B ⊗
  2017-12-31 |  24.22B
  2018-12-31 |  29.27B
  2019-12-31 |  36.31B
  2020-12-31 |  38.75B
  2021-12-31 |  57.68B
  2022-12-31 |  50.48B
  2023-12-31 |  71.11B
  2024-12-31 |  91.33B

               |                         |                         |                         |                         |
               0.00B                    22.83B                    45.66B                    68.50B                    91.33B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   16/16 dates (100%)
  ✅ capitalExpenditures                 16/16 dates (100%)

Plot for META (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                    22.83B                    45.66B                    68.50B                    91.33B
               |                         |                         |                         |                         |

  2009-12-31 |  0.15B
  2010-12-31 |  0.70B
  2011-12-31 |  1.55B
  2012-12-31 |  1.61B
  2013-12-31 |  4.22B
  2014-12-31 |  5.46B
  2015-12-31 |  8.60B
  2016-12-31 |  16.11B
  2017-12-31 |  24.22B
  2018-12-31 |  29.27B
  2019-12-31 |  36.31B
  2020-12-31 |  38.75B
  2021-12-31 |  57.68B
  2022-12-31 |  50.48B
  2023-12-31 |  71.11B
  2024-12-31 |  91.33B

               |                         |                         |                         |                         |
               0.00B                    22.83B                    45.66B                    68.50B                    91.33B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         15/18 dates (83%)
  ⚠️  totalLiabilities                    15/18 dates (83%)
  ⚠️  totalShareholderEquity              15/18 dates (83%)

Plot for META (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    69.01B                    138.03B                   207.04B                   276.05B
               |                         |                         |                         |                         |

  2010-12-31 |  2.99B
  2011-12-31 |  6.33B
  2012-12-31 |  15.10B
  2013-12-31 |  17.89B
  2014-12-31 |  40.18B
  2015-12-31 |  49.41B
  2016-12-31 |  64.96B
  2017-12-31 |  84.52B
  2018-12-31 |  97.33B
  2019-12-31 |  133.38B
  2020-12-31 |  159.32B
  2021-12-31 |  165.99B
  2022-12-31 |  185.73B
  2023-12-31 |  229.62B
  2024-12-31 |  276.05B

               |                         |                         |                         |                         |
               0.00B                    69.01B                    138.03B                   207.04B                   276.05B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           18/18 dates (100%)
  ⚠️  shortLongTermDebtTotal              14/18 dates (78%)
  ⚠️  totalShareholderEquity              15/18 dates (83%)

Plot for META (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -182.64B                   -91.32B                    0.00B                    91.32B                    182.64B
               |                         |                         |                         |                         |

  2007-12-31 |                                                    | -0.14B ⊗⊗
  2008-12-31 |                                                    | -0.06B ⊗⊗
  2009-12-31 |                                                     |  0.12B ⊗⊗
  2010-12-31 |                                                     |  2.16B
  2011-12-31 |                                                     |  4.90B
  2012-12-31 |                                                     |  11.76B
  2013-12-31 |                                                     |  15.47B
  2014-12-31 |                                                     |  36.10B
  2015-12-31 |                                                     |  44.22B
  2016-12-31 |                                                     |  59.19B ⊗
  2017-12-31 |                                                     |  74.35B
  2018-12-31 |                                                     |  84.13B
  2019-12-31 |                                                     |  101.05B
  2020-12-31 |                                                     |  128.29B
  2021-12-31 |                                                     |  124.88B
  2022-12-31 |                                                     |  125.71B
  2023-12-31 |                                                     |  153.17B
  2024-12-31 |                                                     | 182.64B

               |                         |                         |                         |                         |
               -182.64B                   -91.32B                    0.00B                    91.32B                    182.64B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for META (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                    12.81B                    25.62B                    38.43B                    51.24B
               |                         |                         |                         |                         |

  2019-09-30 |  17.65B
  2019-12-31 |  21.08B
  2020-03-31 |  17.74B
  2020-06-30 |  18.69B
  2020-09-30 |  21.47B
  2020-12-31 |  28.07B
  2021-03-31 |  26.17B
  2021-06-30 |  29.08B
  2021-09-30 |  29.01B
  2021-12-31 |  33.67B
  2022-03-31 |  27.91B
  2022-06-30 |  28.82B
  2022-09-30 |  27.71B
  2022-12-31 |  32.16B
  2023-03-31 |  28.64B
  2023-06-30 |  32.00B
  2023-09-30 |  34.15B
  2023-12-31 |  40.11B
  2024-03-31 |  36.45B
  2024-06-30 |  39.07B
  2024-09-30 |  40.59B
  2024-12-31 |  48.38B
  2025-03-31 |  42.31B
  2025-06-30 |  47.52B
  2025-09-30 |  51.24B

               |                         |                         |                         |                         |
               0.00B                    12.81B                    25.62B                    38.43B                    51.24B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for META (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     3.79B                     7.57B                    11.36B                    15.14B
               |                         |                         |                         |                         |

  2019-09-30 |  3.55B
  2019-12-31 |  3.88B
  2020-03-31 |  4.01B
  2020-06-30 |  4.46B
  2020-09-30 |  4.76B
  2020-12-31 |  5.21B
  2021-03-31 |  5.20B
  2021-06-30 |  6.10B
  2021-09-30 |  6.32B
  2021-12-31 |  7.05B
  2022-03-31 |  7.71B
  2022-06-30 |  8.69B
  2022-09-30 |  9.17B
  2022-12-31 |  9.77B
  2023-03-31 |  9.38B
  2023-06-30 |  9.34B
  2023-09-30 |  9.24B
  2023-12-31 |  10.52B
  2024-03-31 |  9.98B
  2024-06-30 |  10.54B
  2024-09-30 |  11.18B
  2024-12-31 |  12.18B
  2025-03-31 |  12.15B
  2025-06-30 |  12.94B
  2025-09-30 |  15.14B

               |                         |                         |                         |                         |
               0.00B                     3.79B                     7.57B                    11.36B                    15.14B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for META (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                    12.77B                    25.53B                    38.30B                    51.06B
               |                         |                         |                         |                         |

  2019-09-30 |  15.98B
  2019-12-31 |  19.08B
  2020-03-31 |  23.62B
  2020-06-30 |  21.05B
  2020-09-30 |  11.62B
  2020-12-31 |  17.58B
  2021-03-31 |  19.51B
  2021-06-30 |  16.19B
  2021-09-30 |  14.50B
  2021-12-31 |  18.10B
  2022-03-31 |  14.89B
  2022-06-30 |  16.07B
  2022-09-30 |  25.90B
  2022-12-31 |  26.59B
  2023-03-31 |  27.57B
  2023-06-30 |  36.22B
  2023-09-30 |  36.89B
  2023-12-31 |  41.86B
  2024-03-31 |  37.63B
  2024-06-30 |  37.99B
  2024-09-30 |  49.05B
  2024-12-31 |  49.06B
  2025-03-31 |  49.52B
  2025-06-30 |  49.56B
  2025-09-30 |  51.06B

               |                         |                         |                         |                         |
               0.00B                    12.77B                    25.53B                    38.30B                    51.06B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for META (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     7.50B                    15.00B                    22.50B                    30.00B
               |                         |                         |                         |                         |

  2019-09-30 |  9.31B
  2019-12-31 |  9.08B
  2020-03-31 |  11.00B
  2020-06-30 |  3.88B
  2020-09-30 |  9.83B
  2020-12-31 |  14.04B
  2021-03-31 |  12.24B
  2021-06-30 |  13.25B
  2021-09-30 |  14.09B
  2021-12-31 |  18.10B
  2022-03-31 |  14.08B
  2022-06-30 |  12.20B
  2022-09-30 |  9.69B
  2022-12-31 |  14.51B
  2023-03-31 |  14.00B
  2023-06-30 |  17.31B
  2023-09-30 |  20.40B
  2023-12-31 |  19.40B
  2024-03-31 |  19.25B
  2024-06-30 |  19.37B
  2024-09-30 |  24.72B
  2024-12-31 |  27.99B
  2025-03-31 |  24.03B
  2025-06-30 |  25.56B
  2025-09-30 |  30.00B

               |                         |                         |                         |                         |
               0.00B                     7.50B                    15.00B                    22.50B                    30.00B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for META (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    75.96B                    151.92B                   227.88B                   303.84B
               |                         |                         |                         |                         |

  2019-09-30 |  124.42B
  2019-12-31 |  133.38B
  2020-03-31 |  138.37B
  2020-06-30 |  139.69B
  2020-09-30 |  146.44B
  2020-12-31 |  159.32B
  2021-03-31 |  163.52B
  2021-06-30 |  170.61B
  2021-09-30 |  169.59B
  2021-12-31 |  165.99B
  2022-03-31 |  164.22B
  2022-06-30 |  169.78B
  2022-09-30 |  178.89B
  2022-12-31 |  185.73B
  2023-03-31 |  184.49B
  2023-06-30 |  206.69B
  2023-09-30 |  216.27B
  2023-12-31 |  229.62B
  2024-03-31 |  222.84B
  2024-06-30 |  230.24B
  2024-09-30 |  256.41B
  2024-12-31 |  276.05B
  2025-03-31 |  280.21B
  2025-06-30 |  294.74B
  2025-09-30 |  303.84B

               |                         |                         |                         |                         |
               0.00B                    75.96B                    151.92B                   227.88B                   303.84B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for META (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                    48.77B                    97.53B                    146.30B                   195.07B
               |                         |                         |                         |                         |

  2019-09-30 |  94.00B
  2019-12-31 |  101.05B
  2020-03-31 |  105.30B
  2020-06-30 |  110.45B
  2020-09-30 |  117.73B
  2020-12-31 |  128.29B
  2021-03-31 |  133.66B
  2021-06-30 |  138.23B
  2021-09-30 |  133.36B
  2021-12-31 |  124.88B
  2022-03-31 |  123.23B
  2022-06-30 |  125.77B
  2022-09-30 |  124.09B
  2022-12-31 |  125.71B
  2023-03-31 |  124.80B
  2023-06-30 |  134.03B
  2023-09-30 |  142.87B
  2023-12-31 |  153.17B
  2024-03-31 |  149.53B
  2024-06-30 |  156.76B
  2024-09-30 |  164.53B
  2024-12-31 |  182.64B
  2025-03-31 |  185.03B
  2025-06-30 |  195.07B
  2025-09-30 |  194.07B

               |                         |                         |                         |                         |
               0.00B                    48.77B                    97.53B                    146.30B                   195.07B

Price History

Volume

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