Meta Platforms, Inc. (META) Income Statement
META 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMETA revenue and net income
Where META's revenue goes
2025Each bar shows an amount and its share of revenue. META kept 30.1% of revenue as net income.
META profit margins
META growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +22.2% | +19.9% | +18.5% | +27.3% |
| Gross profit | +22.7% | +21.7% | +18.9% | +27.0% |
| Operating income | +20.0% | +42.2% | +20.6% | +29.6% |
| Net income | −3.1% | +37.6% | +15.7% | +32.3% |
| EPS (diluted) | +24.2% | +51.3% | +24.9% | +34.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
META quarterly EPS vs estimates
Meta beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 21, 2026 (estimate $6.67).
META income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $200.97B | $164.50B | $134.90B | $116.61B | $117.93B | $85.97B | $70.70B | $55.84B | $40.65B | $27.64B |
| Cost of revenue | $36.17B | $30.16B | $25.96B | $25.25B | $22.65B | $16.69B | $12.77B | $9.36B | $5.45B | $3.79B |
| Gross profit | $164.79B | $134.34B | $108.94B | $91.36B | $95.28B | $69.27B | $57.93B | $46.48B | $35.20B | $23.85B |
| Research & development | $57.37B | $43.87B | $38.48B | $35.34B | $24.66B | $18.45B | $13.60B | $10.27B | $7.75B | $5.92B |
| Sales, general & admin | $24.14B | $21.09B | $23.71B | $27.08B | $23.87B | $18.16B | $20.34B | $11.30B | $7.24B | $5.50B |
| Total operating expenses | $81.52B | $64.96B | $62.19B | $62.42B | $48.53B | $36.60B | $33.94B | $21.57B | $15.00B | $11.42B |
| Operating income | $83.28B | $69.38B | $46.75B | $28.94B | $46.75B | $32.67B | $23.99B | $24.91B | $20.20B | $12.43B |
| Interest income | $2.12B | $2.52B | $1.64B | $461.0M | $484.0M | $672.0M | $924.0M | $661.0M | $398.0M | $176.0M |
| Interest expense | $1.17B | $715.0M | $446.0M | $185.0M | $461.0M | $672.0M | $20.0M | $9.0M | $6.0M | $10.0M |
| Income before taxes | $85.93B | $70.66B | $47.43B | $28.82B | $47.28B | $33.18B | $24.81B | $25.36B | $20.59B | $12.52B |
| Income taxes | $25.47B | $8.30B | $8.33B | $5.62B | $7.91B | $4.03B | $6.33B | $3.25B | $4.66B | $2.30B |
| Net income | $60.46B | $62.36B | $39.10B | $23.20B | $39.37B | $29.15B | $18.48B | $22.11B | $15.93B | $10.22B |
| EBITDA | $104.55B | $86.88B | $57.13B | $37.63B | $54.72B | $39.53B | $29.73B | $29.23B | $23.23B | $14.77B |
| EPS (diluted) | $29.70 | $23.92 | $14.90 | $8.58 | $13.80 | $9.79 | $7.52 | $7.57 | $6.48 | $3.72 |
| Gross margin | 82.0% | 81.7% | 80.8% | 78.3% | 80.8% | 80.6% | 81.9% | 83.2% | 86.6% | 86.3% |
| Operating margin | 41.4% | 42.2% | 34.7% | 24.8% | 39.6% | 38.0% | 33.9% | 44.6% | 49.7% | 45.0% |
| Net margin | 30.1% | 37.9% | 29.0% | 19.9% | 33.4% | 33.9% | 26.1% | 39.6% | 39.2% | 37.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.80B | $56.31B | $59.89B | $51.24B | $47.52B | $42.31B | $48.38B | $40.59B | $39.07B | $36.45B | $40.11B | $34.15B |
| Cost of revenue | $11.33B | $10.22B | $10.91B | $9.21B | $8.49B | $7.57B | $8.84B | $7.38B | $7.31B | $6.64B | $7.70B | $6.21B |
| Gross profit | $49.47B | $46.09B | $48.99B | $42.04B | $39.02B | $34.74B | $39.55B | $33.21B | $31.76B | $29.82B | $32.42B | $27.94B |
| Research & development | $21.66B | $17.70B | $17.14B | $15.14B | $12.94B | $12.15B | $12.18B | $11.18B | $10.54B | $9.98B | $10.52B | $9.24B |
| Sales, general & admin | $9.04B | $5.52B | $7.11B | $6.36B | $5.64B | $5.04B | $4.00B | $4.69B | $6.38B | $6.02B | $5.51B | $4.95B |
| Total operating expenses | $30.70B | $23.22B | $24.24B | $21.50B | $18.58B | $17.19B | $16.18B | $15.86B | $16.92B | $16.00B | $16.03B | $14.19B |
| Operating income | $18.77B | $22.87B | $24.75B | $20.54B | $20.44B | $17.55B | $23.36B | $17.35B | $14.85B | $13.82B | $16.38B | $13.75B |
| Interest income | $859.0M | $744.0M | $625.0M | $359.0M | $481.0M | $658.0M | $731.0M | $661.0M | $540.0M | $585.0M | $588.0M | $534.0M |
| Interest expense | $783.0M | $562.0M | $708.0M | $227.0M | $241.0M | $240.0M | $251.0M | $208.0M | $128.0M | $127.0M | $424.0M | $139.0M |
| Income before taxes | $18.76B | $21.75B | $25.35B | $21.66B | $20.53B | $18.38B | $23.55B | $17.82B | $15.11B | $14.18B | $16.81B | $14.02B |
| Income taxes | $2.91B | −$5.02B | $2.58B | $18.95B | $2.20B | $1.74B | $2.71B | $2.13B | $1.64B | $1.81B | $2.79B | $2.44B |
| Net income | $15.85B | $26.77B | $22.77B | $2.71B | $18.34B | $16.64B | $20.84B | $15.69B | $13.46B | $12.37B | $14.02B | $11.58B |
| EBITDA | $25.11B | $29.99B | $31.47B | $26.85B | $25.12B | $22.52B | $28.26B | $22.06B | $18.87B | $17.68B | $19.56B | $16.61B |
| EPS (diluted) | $6.18 | $7.31 | $8.88 | $7.25 | $7.14 | $6.43 | $8.02 | $6.03 | $5.16 | $4.71 | $5.33 | $4.39 |
| Gross margin | 81.4% | 81.9% | 81.8% | 82.0% | 82.1% | 82.1% | 81.7% | 81.8% | 81.3% | 81.8% | 80.8% | 81.8% |
| Operating margin | 30.9% | 40.6% | 41.3% | 40.1% | 43.0% | 41.5% | 48.3% | 42.7% | 38.0% | 37.9% | 40.8% | 40.3% |
| Net margin | 26.1% | 47.5% | 38.0% | 5.3% | 38.6% | 39.3% | 43.1% | 38.7% | 34.5% | 33.9% | 34.9% | 33.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in META's financial statements (latest annual report filed January 29, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
META financial results
In fiscal year 2025 (ended December 31, 2025), Meta reported revenue of $201.0 billion, up 22.2% from the year before. It had net income of $60.5 billion (down 3.1%), a net profit margin of 30.1%. Diluted earnings per share came to $29.70. Over five years revenue grew at an average rate of 18.5% a year.
See the META stock overview for the latest quote and news, or the META chart for price history and technical indicators.
META income statement FAQ
What is Meta's annual revenue?
Meta reported total revenue of $201.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 22.2% from $164.5 billion the previous year.
Is Meta profitable?
Yes. Meta reported net income of $60.5 billion in fiscal 2025, a net profit margin of 30.1%; its operating margin was 41.4%.
What is Meta's gross margin?
Meta's gross margin was 82.0% in fiscal 2025: for every $100 of revenue, Meta kept $82 after the direct cost of its products and services.
How much does Meta spend on research and development?
Meta spent $57.4 billion on research and development in fiscal 2025, 28.5% of revenue.
How fast is Meta growing?
Revenue grew 18.5% a year on average over the last five fiscal years, from $86.0 billion to $201.0 billion.
What are Meta's earnings per share?
Meta earned $29.70 per diluted share in fiscal 2025, compared with $23.92 a year earlier.
When will Meta report its next earnings?
Meta is expected to report results for the quarter ending September 30, 2026 on October 21, 2026 after the market closes.
When does Meta's fiscal year end?
Meta's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on January 29, 2026.