Meta Platforms, Inc. (META)
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally. It operates through two segments, Family of Apps (FoA) and Reality Labs (RL). The FoA segment offers Facebook, which enables people to build community through feed, reels, stories, groups, marketplace, and other; Instagram that brings people closer through Instagram feed, stories, reels, live, and messaging; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; Meta AI, an assistant that's available across apps, as a stand-alone app, on AI glasses, and on the web; Threads, an application for text-based updates and public conversations; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact. The RL segment provides virtual and augmented reality products, including consumer hardware, software, and content that help people feel connected, as well as Meta Quest devices that enable social experiences across gaming, fitness, entertainment, and more. The segment also includes wearables such as AI glasses like Ray Ban Meta and Oakley Meta glasses; and the Meta Ray Ban Display, which combines AI glasses with an integrated lens display and the Meta Neural Band, a wrist worn device using electromyography that lets people control their AI glasses through neuromuscular signals. Meta Platforms, Inc. has a collaboration with Microsoft Corporation, NVIDIA Corporation, Advanced Micro Devices, Inc., Broadcom Inc., and OpenAI, L.L.C. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California.
- Symbol
- META
- Exchange
- Nasdaq
- Sector
- Communication Services
- Industry
- Internet Content & Information
- Market cap
- $1.84T
- 52 week range
- 520.26 - 779.82
Valuation
- Share price
- $725.93 (close of 2026-10-01)
- P/E (TTM)
- 26.95x
- Price to book
- 7.06x
- Price to free cash flow
- 45.00x
- Enterprise value
- $1.94T
- Book value per share
- $102.72
Price performance
| Period | Change |
|---|---|
| 1 day | +0.10% |
| 5 days | -6.64% |
| 1 month | +25.48% |
| 3 months | +18.44% |
| 6 months | +25.33% |
| Year to date | +9.97% |
| 1 year | +1.20% |
| 3 years | +141.80% |
| 5 years | +111.64% |
| 10 years | +465.94% |
| All time | +1798.85% |
Members of Congress who disclosed META trades
Cleo Fields · Robert Bresnahan · Lisa McClain · Jonathan Jackson · Julia Letlow · Kelly Morrison · Gilbert Ray Cisneros · John Boozman · Marjorie Taylor Greene · Dan Crenshaw · Jefferson Shreve · Josh Gottheimer
Super investors holding META
Dodge & Cox (Dodge & Cox Funds) · First Eagle Investment (First Eagle Investment Management, LLC) · Bill Ackman (Pershing Square Capital Mgmt) · Chase Coleman (Tiger Global Management) · Philippe Laffont (Coatue Management) · Andreas Halvorsen (Viking Global Investors) · Christopher Davis (Davis Selected Advisers) · Terry Smith (Fundsmith LLP) · Lee Ainslie (Maverick Capital LTD) · First Pacific Advisors (First Pacific Advisors, LP) · David Tepper (Appaloosa Mgmt) · Mairs & Power (Mairs & Power Inc)
Profitability and growth
- Return on equity
- 27.83%
- Return on invested capital
- 21.79%
- Return on assets
- 16.52%
- Return on capital employed
- 25.69%
- Gross margin
- 82.00%
- Net margin
- 30.08%
- EBITDA margin
- 50.70%
- Revenue growth
- 22.17%
- Net income growth
- -3.05%
- Free cash flow growth
- -14.73%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 2.22%
- Current ratio
- 2.23x
- Net debt to EBITDA
- 0.86x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $200.97B
- Cost of revenue
- $36.17B
- Gross profit
- $164.79B
- EBITDA
- $101.89B
- Net income
- $60.46B
- Earnings per share
- $23.98
- Research and development
- $57.37B
- Shares outstanding
- 2.52B
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $200.97B | $164.79B | $60.46B | $23.98 |
| 2024-12-31 | $164.50B | $134.34B | $62.36B | $24.61 |
| 2023-12-31 | $134.90B | $108.94B | $39.10B | $15.19 |
| 2022-12-31 | $116.61B | $91.36B | $23.20B | $8.63 |
| 2021-12-31 | $117.93B | $95.28B | $39.37B | $13.99 |
| 2020-12-31 | $85.97B | $69.27B | $29.15B | $10.22 |
| 2019-12-31 | $70.70B | $57.93B | $18.48B | $6.48 |
| 2018-12-31 | $55.84B | $46.48B | $22.11B | $7.65 |
| 2017-12-31 | $40.65B | $35.20B | $15.93B | $5.49 |
| 2016-12-31 | $27.64B | $23.85B | $10.22B | $3.56 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 82.00% | 30.08% | 27.83% | 21.79% |
| 2024-12-31 | 81.67% | 37.91% | 34.14% | 32.52% |
| 2023-12-31 | 80.76% | 28.98% | 25.53% | 25.87% |
| 2022-12-31 | 78.35% | 19.90% | 18.45% | 16.95% |
| 2021-12-31 | 80.79% | 33.38% | 31.53% | 31.65% |
| 2020-12-31 | 80.58% | 33.90% | 22.72% | 23.49% |
| 2019-12-31 | 81.94% | 26.15% | 18.29% | 19.12% |
| 2018-12-31 | 83.25% | 39.60% | 26.28% | 29.07% |
| 2017-12-31 | 86.58% | 39.20% | 21.43% | 23.45% |
| 2016-12-31 | 86.29% | 36.97% | 17.26% | 20.13% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $35.87B | $58.74B |
| 2024-12-31 | $43.89B | $28.83B |
| 2023-12-31 | $41.86B | $18.39B |
| 2022-12-31 | $14.68B | $9.92B |
| 2021-12-31 | $16.60B | - |
| 2020-12-31 | $17.58B | - |
| 2019-12-31 | $19.08B | - |
| 2018-12-31 | $10.02B | - |
| 2017-12-31 | $8.08B | - |
| 2016-12-31 | $8.90B | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $46.11B | $20.43B |
| 2024-12-31 | $54.07B | $16.69B |
| 2023-12-31 | $44.07B | $14.03B |
| 2022-12-31 | $19.29B | $11.99B |
| 2021-12-31 | $38.99B | $9.16B |
| 2020-12-31 | $23.58B | $6.54B |
| 2019-12-31 | $21.21B | $4.84B |
| 2018-12-31 | $15.36B | $4.15B |
| 2017-12-31 | $17.48B | $3.72B |
| 2016-12-31 | $11.62B | $3.22B |
Dividend history
- Most recent payment
- 2026-09-21
- Paid in the last twelve months
- $2.10
| Payment date | Dividend per share |
|---|---|
| 2026-09-21 | $0.53 |
| 2026-06-15 | $0.53 |
| 2026-03-16 | $0.53 |
| 2025-12-15 | $0.53 |
| 2025-09-22 | $0.53 |
| 2025-06-16 | $0.53 |
| 2025-03-14 | $0.53 |
| 2024-12-16 | $0.50 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $6.39
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-29 | Jun/2026 | $7.10 |
| 2026-04-29 | - | - |
| 2026-01-28 | - | - |
| 2025-10-29 | - | - |
| 2025-07-30 | - | - |
| 2025-07-29 | - | - |
| 2025-04-30 | - | - |
| 2025-04-22 | - | - |
Filings and sources
- Company website
- meta.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
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