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META
Meta Platforms Inc.Stock · Communication Services
$582.90−$30.01 (-4.90%)as of market close, Jul 2, 2026
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How Meta makes money

Fiscal year

How does Meta make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Meta Platforms Inc. · FY2025 · year ended 2025-12-31
Revenue$201.0BGross profit$164.8B · 82%Cost of revenue$36.2B · 18%Operating income$83.3B · 41%Operating expenses$81.5B · 41%R&D$57.4B · 29%SG&A$12.2B · 6%Selling & marketing$12.0B · 6%Pre-tax income$85.9B · 43%Other income$2.7B · 1%Net income$60.5B · 30%Income tax$25.5B · 13%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.