Financials in USD. Standardized financial statements.
A compact view of how Meta Platforms, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $200.97B | $164.50B | $134.90B | $116.61B | $117.93B | $85.97B | $70.70B | $55.84B | $40.65B | $27.64B |
| Revenue Growth? | +22.2% | +21.9% | +15.7% | -1.1% | +37.2% | +21.6% | +26.6% | +37.4% | +47.1% | 0.0% |
| 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 |
| Gross Margin? | +82.0% | +81.7% | +80.8% | +78.3% | +80.8% | +80.6% | +81.9% | +83.2% | +86.6% | +86.3% |
| 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 |
| EBITDA? | $104.55B | $86.88B | $59.05B | $37.69B | $55.27B | $39.53B | $34.73B | $29.23B | $23.63B | $14.77B |
| Income Before Tax | $85.93B | $70.66B | $47.43B | $28.82B | $47.28B | $33.18B | $24.81B | $25.36B | $20.59B | $12.52B |
| Income Tax Expense | $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 | $15.92B | $10.19B |
| EPS? | $23.98 | $24.61 | $15.19 | $8.63 | $13.99 | $10.22 | $6.48 | $7.65 | $5.49 | $3.56 |
| Diluted EPS? | $23.49 | $23.86 | $14.87 | $8.59 | $13.77 | $10.09 | $6.43 | $7.57 | $5.39 | $3.49 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality