Meta Platforms

Communication Services Interactive Media & Services Menlo Park, California Last filing Jan 29, 2026 · FY2025

                    Revenue
                    FY2025
                
$201.0B
                    3y CAGR +19.9%
                    
                    P90
                    
                    +22.2%
                    
                    Net income
                    FY2025
                
$60.5B
                    Net margin +30.1%
                    
                    P90
                    
                    -3.1%
                    
                    Total assets
                    FY2025
                
$366.0B
                    ROA +16.5%
                    
                    P86
                    
                    +32.6%
                    
                    Operating cash flow
                    FY2025
                
$115.8B
                    FCF margin +22.9%
                    
                    P80
                    
                    +26.8%

16 yrs · FY2010–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 10 years

Total assets $366.0B

Total liabilities $148.8B

Shareholders equity $217.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+16.7%	+22.1%	+24.7%	+8.7%	+13.3%	+18.5%	+28.9%	+6.1%	-9.3%	—
Short Term Investments	+9.3%	+6.5%	+2.0%	+4.0%	+8.9%	+21.2%	+20.3%	+23.0%	+63.7%	—
Accounts Receivable	+19.5%	+19.8%	+22.1%	+22.5%	+28.6%	+29.8%	+33.6%	+37.8%	+46.1%	—
Prepaid Expenses	+25.4%	+23.6%	+21.7%	+33.2%	+37.0%	+25.5%	+24.5%	+36.2%	+6.4%	—
Total Current Assets	+13.6%	+14.3%	+13.9%	+9.6%	+14.1%	+21.8%	+24.4%	+21.1%	+41.2%	—
Property,Plant and Equipment	+39.9%	+39.2%	+41.3%	+44.9%	+46.4%	+51.8%	+60.2%	+69.5%	+59.7%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+3.4%	+1.6%	+1.9%	+1.9%	+1.2%	+1.3%	+1.1%	+0.5%	+0.5%	—
Long Term Investments	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Assets	+23.0%	+33.2%	+28.5%	+30.8%	+16.0%	+20.4%	+28.1%	+40.1%	+62.7%	—
Total Assets	+21.2%	+19.8%	+19.8%	+19.1%	+20.6%	+25.1%	+27.1%	+22.4%	+30.1%	—
Liabilities
Accounts Payable	+35.4%	+38.1%	+35.4%	+48.0%	+54.6%	+42.9%	+56.9%	+52.9%	+32.3%	—
Accrued Liabilities	+34.0%	+34.8%	+41.9%	+43.9%	+46.5%	+50.0%	+74.6%	+58.1%	+31.3%	—
Operating Lease Liabilities	—	—	—	—	—	—	—	—	—	—
Total Current Liabilities	+34.7%	+36.0%	+41.1%	+45.3%	+49.0%	+51.1%	+73.6%	+56.2%	+30.8%	—
Long Term Debt	—	—	—	—	—	—	—	—	—	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—	—	—	—	—	—
Deferred Tax Liabilities	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Liabilities	+4.4%	-0.8%	-10.1%	+17.9%	+20.1%	+22.0%	+38.9%	+46.3%	+121.9%	—
Total Liabilities	+43.5%	+41.6%	+44.7%	+47.8%	+48.1%	+52.3%	+77.6%	+51.3%	+76.5%	—
Equity
Common Stock	—	—	—	—	—	—	—	—	—	—
Additional Paid In Capital	+10.7%	+10.2%	+9.7%	+9.1%	+7.9%	+7.0%	+6.2%	+5.9%	+6.2%	—
Retained Earnings	+21.1%	+21.4%	+21.0%	+20.0%	+26.3%	+37.4%	+37.0%	+39.2%	+56.9%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+15.5%	+15.1%	+14.5%	+13.4%	+16.1%	+21.3%	+19.5%	+19.2%	+25.6%	—
Total Liabilitiesand Equity	+21.2%	+19.8%	+19.8%	+19.1%	+20.6%	+25.1%	+27.1%	+22.4%	+30.1%	—

Income Statement

Revenue, expense, and profitability

13 accounts · 10 years

Revenue $201.0B

Operating income $83.3B

Net income $60.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	+24.7%	+25.0%	+25.4%	+27.1%	+33.7%	+32.8%	+36.8%	+42.1%	+47.1%	—
Expenses Cost of Revenue	+28.5%	+29.6%	+31.6%	+37.2%	+43.0%	+44.9%	+49.9%	+57.1%	+43.9%	—
Expenses Research and Development	+28.7%	+28.5%	+30.7%	+34.7%	+33.0%	+32.9%	+32.0%	+31.7%	+31.0%	—
Expenses Selling,General and Administrative	+17.9%	+18.3%	+23.2%	+30.4%	+34.1%	+34.8%	+54.6%	+43.3%	+31.6%	—
Other Income Expense Operating Income	+23.5%	+24.0%	+20.8%	+15.1%	+30.3%	+27.3%	+24.5%	+41.6%	+62.6%	—
Other Income Expense Interest Income	+45.5%	+39.2%	+33.2%	—	+42.3%	+53.8%	+108.6%	+121.9%	+329.7%	—
Other Income Expense Income Before Tax	+23.9%	+24.2%	+21.0%	+14.9%	+30.4%	+27.6%	+25.6%	+42.3%	+64.5%	—
Income Tax Income Tax Expense	+30.6%	+17.4%	+20.2%	+16.0%	+28.0%	+15.1%	+40.1%	+18.8%	+102.5%	—
net Income net Income	+21.8%	+25.4%	+21.1%	+14.6%	+31.0%	+30.0%	+21.9%	+47.1%	+56.0%	—
net Income Comprehensive Income	+22.9%	+25.5%	+22.2%	+12.6%	+30.5%	+32.3%	+23.5%	+47.2%	+64.6%	—
Earnings Per Share Basic Eps	+23.6%	+27.3%	+23.0%	+15.9%	+31.5%	+30.2%	+22.1%	+46.6%	+54.2%	—
Earnings Per Share Diluted Eps	+23.6%	+27.2%	+23.0%	+16.2%	+31.6%	+30.4%	+22.6%	+47.3%	+54.4%	—
Earnings Per Share Weighted Average Shares Diluted	-1.4%	-1.4%	-1.5%	-1.3%	-0.5%	-0.3%	-0.6%	-0.1%	+1.1%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 10 years

Operating cash flow $115.8B

Investing cash flow $-102.0B

Financing cash flow $-20.4B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	+21.8%	+25.4%	+21.1%	+14.6%	+31.0%	+30.0%	+21.9%	+47.1%	+56.0%	—
Operating Activities Depreciation and Amortization	+25.9%	+26.6%	+25.0%	+24.4%	+27.7%	+30.8%	+34.8%	+35.7%	+29.2%	—
Operating Activities Stock Based Compensation	+22.8%	+22.8%	+23.4%	+24.5%	+23.3%	+19.4%	+14.5%	+13.6%	+15.7%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	+4.1%	+26.1%	+39.9%	-1.6%	—	+112.3%	—	+148.9%	—
Operating Activities Other Non Cash Items	—	+41.0%	+91.6%	+113.7%	—	+40.8%	+9.1%	—	-20.0%	—
Operating Activities net Cash From Operating Activities	+24.5%	+24.2%	+23.6%	+21.0%	+29.1%	+24.5%	+31.1%	+34.8%	+50.3%	—
Investing Activities Capital Expenditures	—	—	—	—	—	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	+6.6%	+0.5%	-12.0%	-2.3%	+23.0%	+14.2%	+9.2%	+6.3%	-18.0%	—
Investing Activities Other Investing Activities	+19.5%	+10.9%	—	—	—	-33.4%	—	—	+9.8%	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Dividends Paid	—	—	—	—	—	—	—	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	+86.8%	—	—	+87.2%	-34.0%	+107.4%	—	+702.3%	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	-5.2%	+31.5%	—	—	—	+31.8%	-30.7%	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
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%
FCF margin	+22.9%	+32.9%	+32.7%	+16.5%	+33.1%	+27.4%	+30.0%	+27.5%	+43.0%	+42.0%
Growth
Revenue CAGR (3y)	+19.9%	+11.7%	+16.2%	+18.2%	+28.3%	+28.4%	+36.8%	+46.0%	+48.3%	+52.0%
Returns
ROE	+27.8%	+34.1%	+25.5%	+18.5%	+31.5%	+22.7%	+18.3%	+26.3%	+21.4%	+17.3%
ROA	+16.5%	+22.6%	+17.0%	+12.5%	+23.7%	+18.3%	+13.9%	+22.7%	+18.9%	+15.7%
ROIC	+24.4%	+36.5%	+29.7%	+19.3%	+36.0%	—	—	—	—	—
Liquidity
Current ratio	2.60x	2.98x	2.67x	2.20x	3.15x	5.05x	4.40x	7.19x	12.92x	11.97x
Quick ratio	1.33x	1.81x	1.82x	1.04x	1.45x	1.93x	1.90x	2.51x	3.70x	4.49x
Leverage
D/E	0.68x	0.51x	0.50x	0.48x	0.33x	0.24x	0.32x	0.16x	0.14x	0.10x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	0.55x	0.60x	0.59x	0.63x	0.71x	0.54x	0.53x	0.57x	0.48x	0.43x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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