META financial statements

The full income statement, balance sheet, and cash-flow statement for Meta Platforms Inc. (META), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 2.53B2024-09 2.52B2024-12 2.53B2025-03 2.51B2025-06 2.51B2025-09 2.52B2025-12 2.53B2026-03 2.54B2026-06 2.54B+0.3% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	201B YoY+22.2%	165B YoY+21.9%	135B YoY+15.7%	117B YoY-1.1%	118B YoY+37.2%
Cost of revenue	36.2B YoY+19.9%	30.2B YoY+16.2%	26.0B YoY+2.8%	25.2B YoY+11.5%	22.6B YoY+35.7%
Research & development	57.4B YoY+30.8%	43.9B YoY+14.0%	38.5B YoY+8.9%	35.3B YoY+43.3%	24.7B YoY+33.7%
Selling, general & administrative	12.2B YoY+24.8%	9.74B YoY-14.6%	11.4B YoY-3.5%	11.8B YoY+20.2%	9.83B YoY+49.7%
General & administrative	12.2B YoY+24.8%	9.74B YoY-14.6%	11.4B YoY-3.5%	11.8B YoY+20.2%	9.83B YoY+49.7%
Selling & marketing	12.0B YoY+5.7%	11.3B YoY-7.8%	12.3B YoY-19.4%	15.3B YoY+8.7%	14.0B YoY+21.2%
Amortization of intangibles	615M YoY+191.5%	211M YoY+31.1%	161M YoY-13.0%	185M YoY-54.5%	407M YoY-14.0%
Operating income	83.3B YoY+20.0%	69.4B YoY+48.4%	46.8B YoY+61.5%	28.9B YoY-38.1%	46.8B YoY+43.1%
Interest expense	1.17B YoY+62.9%	715M YoY+60.3%	446M YoY+141.1%	185M YoY+704.3%	23.0M
Interest & investment income	2.12B YoY-15.7%	2.52B YoY+53.6%	1.64B YoY+255.5%	461M YoY-4.8%	484M
Other non-operating income	1.35B YoY+687.1%	171M YoY+214.0%	-150M YoY+53.1%	-320M YoY-252.4%	210M YoY+717.6%
Gain (loss) on equity securities	413M	—	—	-463M YoY-299.6%	232M YoY+803.0%
Pre-tax income	85.9B YoY+21.6%	70.7B YoY+49.0%	47.4B YoY+64.6%	28.8B YoY-39.1%	47.3B YoY+42.5%
Income tax	25.5B YoY+206.8%	8.30B YoY-0.3%	8.33B YoY+48.2%	5.62B YoY-29.0%	7.91B YoY+96.2%
Net income	60.5B YoY-3.1%	62.4B YoY+59.5%	39.1B YoY+68.5%	23.2B YoY-41.1%	39.4B YoY+35.1%
	$23.49 YoY-1.6%	$23.86 YoY+60.5%	$14.87 YoY+73.1%	$8.59 YoY-37.6%	$13.77 YoY+36.5%
EPS (basic)	$23.98 YoY-2.6%	$24.61 YoY+62.0%	$15.19 YoY+76.0%	$8.63 YoY-38.3%	$13.99 YoY+36.9%
	2.52B YoY-0.5%	2.53B YoY-1.6%	2.57B YoY-4.2%	2.69B YoY-4.5%	2.81B YoY-1.3%
	2.57B YoY-1.5%	2.61B YoY-0.6%	2.63B YoY-2.7%	2.70B YoY-5.5%	2.86B YoY-1.0%
Dividends per share	$2.10 YoY+5.0%	$2.00	—	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	109B YoY+8.7%	100B YoY+17.2%	85.4B YoY+43.4%	59.5B YoY-10.7%	66.7B YoY-11.9%
Cash & equivalents	35.9B YoY-18.3%	43.9B YoY+4.8%	41.9B YoY+185.1%	14.7B YoY-11.6%	16.6B YoY-5.5%
Short-term investments	45.7B YoY+34.8%	33.9B YoY+44.1%	23.5B YoY-9.7%	26.1B YoY-17.0%	31.4B
Accounts receivable	19.8B YoY+16.3%	17.0B YoY+5.1%	16.2B YoY+20.1%	13.5B YoY-4.1%	14.0B YoY+23.9%
Prepaid expenses	7.36B YoY+40.6%	5.24B YoY+38.0%	3.79B YoY-29.0%	5.34B YoY+15.5%	4.63B YoY+94.4%
	366B YoY+32.6%	276B YoY+20.2%	230B YoY+23.6%	186B YoY+11.9%	166B YoY+4.2%
Operating lease right-of-use	20.4B YoY+36.7%	14.9B YoY+12.2%	13.3B YoY+4.9%	12.7B YoY+4.3%	12.2B YoY+30.0%
Goodwill	24.5B YoY+18.8%	20.7B YoY+0.0%	20.7B YoY+1.7%	20.3B YoY+5.8%	19.2B YoY+0.8%
Intangible assets	3.69B YoY+303.5%	915M YoY+16.1%	788M YoY-12.2%	897M YoY+41.5%	634M YoY+1.8%
Other non-current assets	8.44B YoY-35.2%	13.0B YoY+71.7%	7.58B YoY+15.2%	6.58B YoY+139.3%	2.75B YoY-0.3%
	41.8B YoY+24.5%	33.6B YoY+5.1%	32.0B YoY+18.3%	27.0B YoY+27.9%	21.1B YoY+41.1%
Accounts payable	8.89B YoY+15.7%	7.69B YoY+58.5%	4.85B YoY-2.8%	4.99B YoY+22.2%	4.08B YoY+206.8%
Accrued liabilities	30.7B YoY+28.2%	24.0B YoY-6.0%	25.5B YoY+30.4%	19.6B YoY+31.5%	14.9B YoY+33.4%
Deferred revenue	—	721M YoY+15.2%	626M YoY+29.9%	482M YoY-6.8%	517M YoY+35.3%
Current lease liability	2.21B YoY+14.0%	1.94B YoY+19.7%	1.62B YoY+18.7%	1.37B YoY+21.3%	1.13B YoY+10.2%
Finance lease liability (current)	308M YoY+305.3%	76.0M YoY-15.6%	90.0M YoY-30.2%	129M YoY+72.0%	75.0M YoY+38.9%
	149B YoY+59.3%	93.4B YoY+22.2%	76.5B YoY+27.4%	60.0B YoY+46.0%	41.1B YoY+32.5%
Long-term debt	58.7B YoY+103.8%	28.8B YoY+56.8%	18.4B YoY+85.3%	9.92B	0.00
Non-current lease liability	22.9B YoY+25.4%	18.3B YoY+6.2%	17.2B YoY+12.6%	15.3B YoY+20.0%	12.7B YoY+32.3%
Operating lease liability (total)	25.2B YoY+24.3%	20.2B YoY+7.3%	18.8B YoY+13.1%	16.7B YoY+20.1%	13.9B YoY+30.2%
Finance lease liability (total)	1.18B YoY+67.0%	709M YoY+2.8%	690M YoY+0.4%	687M YoY+18.2%	581M YoY+11.1%
Finance lease liability	876M YoY+38.4%	633M YoY+5.5%	600M YoY+7.5%	558M YoY+10.3%	506M YoY+7.9%
Other non-current liabilities	4.25B YoY+56.6%	2.72B YoY+98.2%	1.37B YoY-82.4%	7.76B YoY+7.4%	7.23B YoY+12.7%
	217B YoY+18.9%	183B YoY+19.2%	153B YoY+21.8%	126B YoY+0.7%	125B YoY-2.7%
Common stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	95.8B YoY+15.1%	83.2B YoY+13.6%	73.3B YoY+13.7%	64.4B YoY+15.5%	55.8B YoY+11.6%
Retained earnings	121B YoY+18.2%	103B YoY+24.9%	82.1B YoY+26.7%	64.8B YoY-7.1%	69.8B YoY-9.8%
Accumulated other comprehensive income	271M YoY+108.8%	-3.10B YoY-43.7%	-2.15B YoY+39.0%	-3.53B YoY-409.4%	-693M YoY-174.8%
Total liabilities & equity	366B YoY+32.6%	276B YoY+20.2%	230B YoY+23.6%	186B YoY+11.9%	166B YoY+4.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	116B YoY+26.8%	91.3B YoY+28.4%	71.1B YoY+40.9%	50.5B YoY-12.5%	57.7B YoY+48.9%
Depreciation & amortization	18.6B YoY+20.1%	15.5B YoY+38.6%	11.2B YoY+28.7%	8.69B YoY+9.0%	7.97B YoY+16.1%
Intangible amortization	615M YoY+191.5%	211M YoY+31.1%	161M YoY-13.0%	185M YoY-54.5%	407M YoY-14.0%
Share-based compensation	20.4B YoY+22.4%	16.7B YoY+19.0%	14.0B YoY+17.0%	12.0B YoY+30.9%	9.16B YoY+40.2%
Deferred income taxes	18.8B YoY+495.9%	-4.74B YoY-3716.0%	131M YoY+104.0%	-3.28B YoY-638.1%	609M YoY+151.1%
Change in receivables	1.81B YoY+22.2%	1.49B YoY-38.1%	2.40B YoY+1138.5%	-231M YoY-107.4%	3.11B YoY+105.7%
	-102B YoY-116.3%	-47.1B YoY-92.5%	-24.5B YoY+15.4%	-29.0B YoY-282.7%	-7.57B YoY+74.8%
Capital expenditure	69.7B YoY+87.1%	37.3B YoY+37.8%	27.0B YoY-13.3%	31.2B YoY+66.9%	18.7B YoY+23.3%
Free cash flow	46.1B YoY-14.7%	54.1B YoY+22.7%	44.1B YoY+128.5%	19.3B YoY-50.5%	39.0B YoY+65.3%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Sales/maturities of investments	—	—	—	2.08B YoY-81.0%	10.9B YoY-21.9%
Proceeds from sale of PP&E	—	—	221M YoY-9.8%	245M YoY+99.2%	123M YoY+156.3%
Other investing activities	-182M YoY-30.0%	-140M YoY-736.4%	22.0M YoY+450.0%	4.00M YoY-98.8%	331M YoY+819.4%
	-20.4B YoY+50.1%	-40.8B YoY-109.1%	-19.5B YoY+11.9%	-22.1B YoY+56.4%	-50.7B YoY-392.9%
Long-term debt issued	29.9B YoY+186.7%	10.4B YoY+23.4%	8.46B YoY-14.8%	9.92B	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	26.2B YoY-12.9%	30.1B YoY+52.3%	19.8B YoY-29.3%	28.0B YoY-37.2%	44.5B YoY+610.1%
Dividends paid	5.32B YoY+5.0%	5.07B	0.00	0.00	0.00
Other financing activities	2.22B YoY+901.4%	-277M YoY-149.5%	-111M YoY-132.3%	344M YoY+34300.0%	1.00M YoY-99.3%
FX effect on cash	235M YoY+129.9%	-786M YoY-795.6%	113M YoY+117.7%	-638M YoY-34.6%	-474M YoY-269.9%
Net change in cash	-6.34B YoY-342.7%	2.61B YoY-90.4%	27.2B YoY+2245.9%	-1.27B YoY-16.5%	-1.09B YoY+17.8%
Interest paid	696M YoY+43.2%	486M YoY+8.5%	448M	0.00	0.00
Income taxes paid	7.58B YoY-28.2%	10.6B YoY+59.7%	6.61B YoY+3.1%	6.41B YoY-24.8%	8.53B YoY+101.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	1.68T YoY+9.6%	1.53T YoY+63.5%	935B YoY+189.1%	323B YoY-65.8%	944B YoY+19.1%
P/E	27.7× YoY+13.1%	24.5× YoY-22.0%	31.4× YoY+180.3%	11.2× YoY-53.3%	24.0× YoY-11.8%
P/S	8.3× YoY-10.3%	9.3× YoY+26.2%	7.4× YoY+169.0%	2.7× YoY-65.8%	8.0× YoY-13.2%
P/B	7.7× YoY-7.9%	8.4× YoY+27.9%	6.5× YoY+151.1%	2.6× YoY-65.5%	7.6× YoY+22.4%
P/FCF	36.3× YoY+28.5%	28.3× YoY+14.8%	24.6× YoY+100.1%	12.3× YoY-49.2%	24.2× YoY-28.0%
	3.6% YoY-11.5%	4.1% YoY+28.2%	3.2% YoY-64.3%	8.9% YoY+113.9%	4.2% YoY+13.4%
	2.8% YoY-22.2%	3.5% YoY-12.9%	4.1% YoY-50.0%	8.1% YoY+96.9%	4.1% YoY+38.8%
	0.32% YoY-6.9%	0.34%	—	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: META's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all META filings on SEC EDGAR → Not investment advice.