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.

Revenue
+26.1%
EPS
+257.4%
Free cash flow
−110.4%
Total debt
+180.6%

Quarter to September 2026, against a year earlier

617.90 12.82 +2.12%
Market cap
$1.55T
P/E
20.4×
Fwd P/E
21.1×
Dividend yield
0.35%
F-score
5/9
Altman Z
8.69
Beneish M
−3.03
Dividend safety
85/100

Meta Platforms, Inc. (META) Free cash flow margin

Alert me on Free cash flow margin

Meta Platforms, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 11.9%, down 11.1 percentage points from fiscal 2025 (22.9%). Over the past ten years it has ranged from 16.5% (fiscal 2022) to 43.5% (fiscal 2015); the current reading is higher than 18% of that period. That is above the Internet Content & Information industry median of 3.47% and above the Communication Services sector median of 1.75%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 22.9% (9.93)
FY2024 32.9% 0.20
FY2023 32.7% 16.13
FY2022 16.5% (16.63)
FY2021 33.2% 5.68
FY2020 27.5% (2.51)
FY2019 30.0% 2.49
FY2018 27.5% (15.50)
FY2017 43.0% 0.98
FY2016 42.0% (1.46)

Against its own ten years

Low 16.5% High 43.5%
Ten-year median 32.7%
Current reading's percentile 18

Free cash flow margin against peers

Company Free cash flow margin
RDDT Reddit Inc. compare 38.8%
MTCH Match Group Inc. compare 32.7%
PINS Pinterest, Inc. compare 27.0%
SPOT Spotify Technology compare 16.4%
META Meta Platforms, Inc. 11.9%
SNAP Snap Inc. compare 11.8%
GOOGL Alphabet Inc. compare 4.19%
GOOG Alphabet Inc. compare 4.19%
BIDU Baidu, Inc. compare 0.00%
Internet Content & Information industry median 3.47%
Communication Services sector median 1.75%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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