Wednesday 14 October 2026 Export META’s income statement to Excel — free account

Meta Platforms, Inc.

META Communication Services Internet Content & Information

Meta Platforms, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $201.0 billion, up 22.2% from fiscal 2024. In the quarter to June 2026, revenue grew 28.0%, EPS fell 14.4%, free cash flow fell 80.7% and total debt rose 190.2%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three.

737.54 24.96 −3.27%

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Market cap: $1.94T
P/E: 27.4×
Fwd P/E: 18.0×
Dividend yield: 0.28%
F-score: 5/9
Altman Z: 8.69
Beneish M: −3.03
Dividend safety: 85/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 257.30

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	13	11	5	11	5	4	8	3	6	7	9	1

Insider Ownership 13.49%

Capital & Financial Ratios $m

Market Cap 1,942,470.00

Revenue 228,248.00

Net Income 68,098.00

Free Cash Flow 40,976.00

Net Debt (6,596.00)

Current Ratio 2.23

Debt/Equity 0.32

P/E ratio 27.42

Fwd P/E 18.00

P/S ratio 8.22

P/B ratio 7.18

Past 5Y EPS Growth 18.41%

This Y EPS Growth 32.28%

Next Y EPS Growth 9.39%

Next Y revenue growth 26.45%

Next 5Y EPS Growth 18.69%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 48.36%

10-year low 10-year high

P/S against its own 10 years 33.42%

10-year low 10-year high

P/B against its own 10 years 70.49%

10-year low 10-year high

EV/Sales against its own 10 years 44.34%

10-year low 10-year high

EV/FCF against its own 10 years 99.67%

10-year low 10-year high

Dividends

Payout Ratio 0.08

Annual Dividend Rate 2.10

Annual Dividend Yield 0.28%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.11	0.53 0.53 0.53
2025	2.10	0.53 0.53 0.53 0.53
2024	2.00	0.50 0.50 0.50 0.50
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	65,403	77,815	81,592	90,260
Receivables	16,169	16,994	19,769	21,752
Inventory	—	—	—	—
Other	—	—	—	—
	85,365	100,045	108,722	125,475

	2023	2024	2025	Q'26
Payables	4,849	7,687	8,894	15,889
ST’ Debt	—	—	—	—
Other	—	—	—	—
	31,960	33,596	41,836	56,379

Compound Annual Growth %

	10y	5y	3y
Sales	27.34%	18.51%	19.89%
Cash Flow	27.35%	24.48%	31.89%
Earnings	32.34%	15.71%	37.61%
Book Value	17.26%	11.11%	20.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	56,311	60,801	—	—	—
’25	42,314	47,516	51,242	59,894	200,966
’24	36,455	39,071	40,589	48,386	164,501
’23	28,645	31,999	34,146	40,112	134,902
’22	27,908	28,822	27,714	32,165	116,609
’21	26,171	29,077	29,010	33,671	117,929
’20	17,737	18,687	21,470	28,071	85,965

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	32,226	31,862	—	—	—
’25	24,026	25,561	29,999	36,214	115,800
’24	19,246	19,370	24,724	27,988	91,328
’23	13,998	17,309	20,402	19,404	71,113
’22	14,076	12,196	9,692	14,511	50,475
’21	12,242	13,247	14,090	18,104	57,683
’20	11,001	3,877	9,829	14,040	38,747

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	13,229	1,746	—	—	—
’25	11,085	9,023	11,170	14,831	46,109
’24	12,846	11,197	16,466	13,563	54,072
’23	7,175	11,175	13,906	11,812	44,068
’22	8,761	4,668	337	5,523	19,289
’21	7,970	8,635	9,776	12,735	39,116
’20	7,443	622	6,140	9,427	23,632

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	10.44	6.18	—	—	—
’25	6.43	7.14	1.05	8.88	23.49
’24	4.71	5.16	6.03	8.02	23.86
’23	2.20	2.98	4.39	5.33	14.87
’22	2.72	2.46	1.64	1.76	8.59
’21	3.30	3.61	3.22	3.67	13.77
’20	1.71	1.80	2.71	3.88	10.09

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	89.37	115.51	123.02	128.56	137.10	244.61	88.09	122.28	340.01	479.80	Analyst estimates 2026–2028 Powerpack
	High	133.50	184.25	218.62	208.93	304.67	384.33	343.09	361.90	638.40	796.25
People
People	Employees	17,048	25,105	35,587	44,942	58,604	71,970	86,482	67,317	74,067	78,865
	Revenue/emp, $m	1.62	1.62	1.57	1.57	1.47	1.64	1.35	2.00	2.22	2.55
Income, $m
Income, $m	Revenue	27,638	40,653	55,838	70,697	85,965	117,929	116,609	134,902	164,501	200,966
	Gross margin, %	86.29	86.58	83.25	81.94	80.58	80.79	78.35	80.76	81.67	82.00
	EBT	12,518	20,594	25,361	24,812	33,180	47,284	28,819	47,428	70,663	85,932
	EBT margin, %	45.29	50.66	45.42	35.10	38.60	40.10	24.71	35.16	42.96	42.76
	Net income	10,217	15,934	22,112	18,485	29,146	39,370	23,200	39,098	62,360	60,458
	Depreciation	2,342	3,025	4,315	5,741	6,862	7,967	8,686	11,178	15,498	18,616
Per share, $
Per share, $	Revenue	9.65	14.01	19.32	24.77	30.15	41.89	43.40	52.41	64.92	79.72
	Earnings	3.56	5.49	7.65	6.48	10.22	13.99	8.63	15.19	24.61	23.98
	Cash flow	5.63	8.35	10.13	12.72	13.59	20.49	18.78	27.63	36.04	45.93
	Capex	(1.57)	(2.32)	(4.81)	(5.29)	(5.30)	(6.60)	(11.61)	(10.51)	(14.70)	(27.64)
	Free cash flow	4.06	6.03	5.31	7.43	8.29	13.90	7.18	17.12	21.34	18.29
	Book value	20.68	25.63	29.11	35.41	45.00	44.36	46.79	59.51	72.07	86.17
	Shares, m	2,863	2,901	2,890	2,854	2,851	2,815	2,687	2,574	2,534	2,521
Valuation, ×
Valuation, ×	P/E	35.20	33.05	17.11	31.67	26.70	24.03	14.49	22.78	23.79	27.54
	P/S	12.11	12.95	6.78	8.29	9.06	8.03	2.87	6.61	9.02	8.28
	P/B	5.65	7.08	4.50	5.80	6.07	7.58	2.67	5.82	8.12	7.66
	EV/Sales	11.04	11.92	6.05	7.65	8.46	7.73	2.61	6.26	8.72	8.17
	EV/FCF	26.27	27.72	22.00	25.50	30.76	23.32	15.78	19.16	26.53	35.59
Cash, $m
Cash, $m	Operating cash flow	16,108	24,216	29,274	36,314	38,747	57,683	50,475	71,113	91,328	115,800
	Capex	(4,491)	(6,733)	(13,915)	(15,102)	(15,115)	(18,567)	(31,186)	(27,045)	(37,256)	(69,691)
	Free cash flow	11,617	17,483	15,359	21,212	23,632	39,116	19,289	44,068	54,072	46,109
Balance, $m
Balance, $m	Working capital	31,526	44,803	43,463	51,172	60,689	45,531	32,523	53,405	66,449	66,886
	Total debt	—	72	500	9,928	10,086	13,237	9,923	18,385	28,826	58,744
	Net debt	(29,449)	(41,639)	(41,114)	(44,927)	(51,868)	(34,761)	(30,815)	(47,018)	(48,989)	(22,848)
	Shareholders’ equity	59,194	74,347	84,127	101,054	128,290	124,879	125,713	153,168	182,637	217,243
Returns, %
Returns, %	ROA	17.82	21.30	24.32	16.02	19.92	24.21	13.19	18.83	24.66	18.83
	ROIC	26.11	38.60	36.20	26.71	26.72	32.42	19.06	27.53	32.45	26.77
	ROE	19.70	23.84	27.90	19.96	25.42	31.10	18.52	28.04	37.14	30.24

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GOOG Alphabet Inc.	$4.29T	17.4×	—	+24.23% (above 0%: growing)	+296.14% (above 0%: growing)	−210.45% (below 0%: shrinking)	61.65%	34.03%	Compare
GOOGL Alphabet Inc.	$4.29T	17.6×	25.9×	+24.23% (above 0%: growing)	+296.14% (above 0%: growing)	−210.45% (below 0%: shrinking)	61.65%	34.03%	Compare
META Meta Platforms, Inc.	$1.89T	28.3×	18.0×	+27.96% (above 0%: growing)	−14.42% (below 0%: shrinking)	−80.65% (below 0%: shrinking)	81.37%	30.88%
SPOT Spotify Technology	$108.9B	27.9×	33.6×	+16.69% (above 0%: growing)	n/m	+9.80% (above 0%: growing)	33.41%	13.71%	Compare
RDDT Reddit Inc.	$30.8B	34.0×	34.9×	+61.10% (above 0%: growing)	+172.92% (above 0%: growing)	+135.27% (above 0%: growing)	91.27%	28.79%	Compare
BIDU Baidu, Inc.	$23.3B	— (loss-making)	17.5×	+1.09% (above 0%: growing)	−69.18% (below 0%: shrinking)	−128.87% (below 0%: shrinking)	39.03%	9.66%	Compare
PINS Pinterest, Inc.	$12.1B	63.9×	41.1×	+18.17% (above 0%: growing)	n/m	+37.24% (above 0%: growing)	78.18%	(4.68%)	Compare
SNAP Snap Inc.	$11.0B	— (loss-making)	— (loss-making)	+18.89% (above 0%: growing)	n/m	+406.61% (above 0%: growing)	58.23%	(10.68%)	Compare
MTCH Match Group Inc.	$9.5B	14.1×	13.0×	−1.23% (below 0%: shrinking)	+43.14% (above 0%: growing)	+52.63% (above 0%: growing)	76.06%	28.77%	Compare
Median of peers	$27.0B	22.7×	29.8×	+18.53%	+172.92%	+23.52%	61.65%	21.24%

All 77 Internet Content & Information stocks →

Meta Platforms, Inc. (META) key facts

Concern: Net income was $60.5 billion, or $23.98 per share (basic), a net margin of 30.1%.
Strength: Meta Platforms, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $201.0 billion, up 22.2% from fiscal 2024.
Meta Platforms, Inc. (META) is an Internet Content & Information company in the Communication Services sector, listed on Nasdaq.
As of October 14, 2026, META traded at $737.54, a market capitalization of $1.94 trillion.
At that price the stock trades at 27.4× trailing-twelve-month earnings and 8.2× sales; its P/E is higher than 48% of its own readings over the past ten years.
Meta Platforms, Inc. pays an annual dividend of $2.10 per share, a yield of 0.28%, with a payout ratio of 7.91%.
Return on equity was 30.2% and debt-to-equity 0.32.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 8.69 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Financial Analysis (summary)

Updated 25 September 2026

Meta Platforms reported revenue of $201.0 billion in FY2025 and net income of $60.5 billion in FY2025. In Q2 FY2026, revenue was $60.8 billion, while net income was $15.8 billion and diluted EPS was $6.18.

Revenue growth was 22.2% in FY2025 against FY2024, while free cash flow declined 14.7% in FY2025 against FY2024. The balance sheet showed net debt of −$6.6 billion in Q2 FY2026, indicating cash and short-term investments remained greater than total debt under the net-debt measure.

Read the full analysis →