What is Meta Platforms Inc's earnings per share (EPS)?

Meta Platforms Inc (META) reported diluted earnings per share of $23.49 for fiscal year 2025. This represents a -1.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Meta Platforms Inc Financials

Revenue expansion is increasingly paired with heavier infrastructure reinvestment, weaker free-cash-flow conversion, and a more leveraged balance sheet.

Operating cash flow rose 27.0% in FY2025 while free cash flow fell 14.7%, showing that incremental cash was absorbed by reinvestment rather than becoming discretionary cash. Capital expenditures reached $69.7B, making the cash-conversion gap a business-mechanics issue rather than an accounting difference.

Revenue grew 22.2% in FY2025 while operating margin eased to 41.4%, indicating that expansion came with greater cost intensity rather than automatic operating leverage. Net margin fell to 30.1%, so higher operating earnings did not translate proportionally into bottom-line profit.

Long-term debt doubled from $28.8B to $58.7B between FY2024 and FY2025, helping fund a much larger investment program. That lifted debt-to-equity to 0.3x, while the current ratio remained 2.6x, indicating greater leverage without short-term balance-sheet tightness in these ratios.

Financial Health Signals

Financial Health Score 84/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Meta Platforms Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Meta Platforms Inc has an operating margin of 41.4%, meaning the company retains $41 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is down from 42.2% the prior year.

Growth

Meta Platforms Inc's revenue surged 22.2% year-over-year to $201.0B, reflecting rapid business expansion. This strong growth earns a score of 83/100.

Leverage

Meta Platforms Inc carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.60, Meta Platforms Inc holds $2.60 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.

Cash Flow

Meta Platforms Inc converts 22.9% of revenue into free cash flow ($46.1B). This strong cash generation earns a score of 93/100.

Returns

Meta Platforms Inc earns a strong 27.8% return on equity (ROE), meaning it generates $28 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 91/100. This is down from 34.1% the prior year.

Altman Z-Score Safe

7.92

Meta Platforms Inc scores 7.92, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($1.5T) relative to total liabilities ($148.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Meta Platforms Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.92x

For every $1 of reported earnings, Meta Platforms Inc generates $1.92 in operating cash flow ($115.8B OCF vs $60.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

76.40x

Meta Platforms Inc earns $76.40 in operating income for every $1 of interest expense ($83.3B vs $1.1B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$201.0B

YoY+22.2%

5Y CAGR+18.5%

10Y CAGR+27.3%

Meta Platforms Inc generated $201.0B in revenue in fiscal year 2025. This represents an increase of 22.2% from the prior year.

EBITDA

$101.9B

YoY+20.0%

5Y CAGR+20.8%

10Y CAGR+28.7%

Meta Platforms Inc's EBITDA was $101.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.0% from the prior year.

Net Income

$60.5B

YoY-3.1%

5Y CAGR+15.7%

10Y CAGR+32.3%

Meta Platforms Inc reported $60.5B in net income in fiscal year 2025. This represents a decrease of 3.1% from the prior year.

EPS (Diluted)

$23.49

YoY-1.6%

5Y CAGR+18.4%

10Y CAGR+33.7%

Meta Platforms Inc earned $23.49 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$46.1B

YoY-14.7%

5Y CAGR+14.3%

10Y CAGR+19.4%

Meta Platforms Inc generated $46.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 14.7% from the prior year.

Cash & Debt

$35.9B

YoY-18.3%

5Y CAGR+15.3%

10Y CAGR+22.0%

Meta Platforms Inc held $35.9B in cash against $58.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.10

YoY+5.0%

Meta Platforms Inc paid $2.10 per share in dividends in fiscal year 2025. This represents an increase of 5.0% from the prior year.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

82.0%

YoY+0.3pp

5Y CAGR+1.4pp

10Y CAGR-2.0pp

Meta Platforms Inc's gross margin was 82.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin

41.4%

YoY-0.7pp

5Y CAGR+3.4pp

10Y CAGR+6.7pp

Meta Platforms Inc's operating margin was 41.4% in fiscal year 2025, reflecting core business profitability. This is down 0.7 percentage points from the prior year.

Net Margin

30.1%

YoY-7.8pp

5Y CAGR-3.8pp

10Y CAGR+9.5pp

Meta Platforms Inc's net profit margin was 30.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.8 percentage points from the prior year.

Return on Equity

27.8%

YoY-6.3pp

5Y CAGR+5.1pp

10Y CAGR+19.5pp

Meta Platforms Inc's ROE was 27.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.3 percentage points from the prior year.

Capital Allocation

R&D Spending

$57.4B

YoY+30.8%

5Y CAGR+25.5%

10Y CAGR+28.1%

Meta Platforms Inc invested $57.4B in research and development in fiscal year 2025. This represents an increase of 30.8% from the prior year.

Share Buybacks

$26.2B

YoY-12.9%

5Y CAGR+33.1%

Meta Platforms Inc spent $26.2B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 12.9% from the prior year.

Capital Expenditures

$69.7B

YoY+87.1%

5Y CAGR+35.7%

10Y CAGR+39.4%

Meta Platforms Inc invested $69.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 87.1% from the prior year.

META Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

META quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$228.2B	$201.0B+22.2%	$164.5B+21.9%	$134.9B+15.7%	$116.6B-1.1%	$117.9B+37.2%	$86.0B+21.6%	$70.7B+26.6%	$55.8B+37.4%	$40.7B+47.1%	$27.6B+54.2%	$17.9B+43.8%	$12.5B+58.4%	$7.9B+54.7%	$5.1B+37.1%	$3.7B
Cost of Revenue	$41.7B	$36.2B+19.9%	$30.2B+16.2%	$26.0B+2.8%	$25.2B+11.5%	$22.6B+35.7%	$16.7B+30.7%	$12.8B+36.5%	$9.4B+71.5%	$5.5B+43.9%	$3.8B+32.2%	$2.9B+33.2%	$2.2B+14.8%	$1.9B+37.5%	$1.4B+58.6%	$860.0M
Gross Profit	$186.6B	$164.8B+22.7%	$134.3B+23.3%	$108.9B+19.2%	$91.4B-4.1%	$95.3B+37.5%	$69.3B+19.6%	$57.9B+24.6%	$46.5B+32.1%	$35.2B+47.6%	$23.8B+58.3%	$15.1B+46.0%	$10.3B+72.0%	$6.0B+61.0%	$3.7B+30.7%	$2.9B
R&D Expenses	$71.6B	$57.4B+30.8%	$43.9B+14.0%	$38.5B+8.9%	$35.3B+43.3%	$24.7B+33.7%	$18.4B+35.6%	$13.6B+32.4%	$10.3B+32.5%	$7.8B+31.0%	$5.9B+22.9%	$4.8B+80.6%	$2.7B+88.4%	$1.4B+1.1%	$1.4B+260.6%	$388.0M
SG&A Expenses	$15.4B	$12.2B+24.8%	$9.7B-14.6%	$11.4B-3.5%	$11.8B+20.2%	$9.8B+49.7%	$6.6B-37.3%	$10.5B+203.2%	$3.5B+37.1%	$2.5B+45.4%	$1.7B+33.7%	$1.3B+33.1%	$973.0M+24.6%	$781.0M-12.4%	$892.0M+184.1%	$314.0M
Operating Income	$86.9B	$83.3B+20.0%	$69.4B+48.4%	$46.8B+61.5%	$28.9B-38.1%	$46.8B+43.1%	$32.7B+36.2%	$24.0B-3.7%	$24.9B+23.3%	$20.2B+62.6%	$12.4B+99.6%	$6.2B+24.6%	$5.0B+78.1%	$2.8B+421.2%	$538.0M-69.4%	$1.8B
Interest Expense	N/A	$1.1B+59.6%	$683.0M+53.1%	$446.0M+141.1%	$185.0M+704.3%	$23.0M	N/A	$20.0M+122.2%	$9.0M+50.0%	$6.0M-40.0%	$10.0M-56.5%	$23.0M0.0%	$23.0M-58.9%	$56.0M+9.8%	$51.0M+21.4%	$42.0M
Income Tax	$19.4B	$25.5B+206.8%	$8.3B-0.3%	$8.3B+48.2%	$5.6B-29.0%	$7.9B+96.2%	$4.0B-36.2%	$6.3B+94.7%	$3.2B-30.3%	$4.7B+102.5%	$2.3B-8.2%	$2.5B+27.2%	$2.0B+57.1%	$1.3B+184.4%	$441.0M-36.5%	$695.0M
Net Income	$68.1B	$60.5B-3.1%	$62.4B+59.5%	$39.1B+68.5%	$23.2B-41.1%	$39.4B+35.1%	$29.1B+57.7%	$18.5B-16.4%	$22.1B+38.8%	$15.9B+56.0%	$10.2B+177.0%	$3.7B+25.4%	$2.9B+96.0%	$1.5B+2730.2%	$53.0M-94.7%	$1.0B
EPS (Diluted)	$26.54	$23.49-1.6%	$23.86+60.5%	$14.87+73.1%	$8.59-37.6%	$13.77+36.5%	$10.09+56.9%	$6.43-15.1%	$7.57+40.4%	$5.39+54.4%	$3.49+170.5%	$1.29+17.3%	$1.10+83.3%	$0.60	$0.01	$0.46

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$60.8B+8.0%	$56.3B-6.0%	$59.9B+16.9%	$51.2B+7.8%	$47.5B+12.3%	$42.3B-12.5%	$48.4B+19.2%	$40.6B
Cost of Revenue	$11.3B+10.9%	$10.2B-6.3%	$10.9B+18.5%	$9.2B+8.4%	$8.5B+12.1%	$7.6B-14.3%	$8.8B+19.8%	$7.4B
Gross Profit	$49.5B+7.3%	$46.1B-5.9%	$49.0B+16.5%	$42.0B+7.7%	$39.0B+12.3%	$34.7B-12.2%	$39.5B+19.1%	$33.2B
R&D Expenses	$21.7B+22.4%	$17.7B+3.3%	$17.1B+13.2%	$15.1B+17.0%	$12.9B+6.5%	$12.2B-0.3%	$12.2B+9.0%	$11.2B
SG&A Expenses	$5.6B+114.6%	$2.6B-29.3%	$3.7B+5.3%	$3.5B+31.9%	$2.7B+16.8%	$2.3B+199.2%	$762.0M-59.1%	$1.9B
Operating Income	$18.8B-17.9%	$22.9B-7.6%	$24.7B+20.5%	$20.5B+0.5%	$20.4B+16.4%	$17.6B-24.9%	$23.4B+34.7%	$17.4B
Interest Expense	$754.0M	N/A	N/A	N/A	$232.0M	N/A	N/A	$200.0M
Income Tax	$2.9B+157.9%	-$5.0B-294.2%	$2.6B-86.4%	$19.0B+762.7%	$2.2B+26.4%	$1.7B-36.0%	$2.7B+27.2%	$2.1B
Net Income	$15.8B-40.8%	$26.8B+17.6%	$22.8B+740.5%	$2.7B-85.2%	$18.3B+10.2%	$16.6B-20.1%	$20.8B+32.8%	$15.7B
EPS (Diluted)	$6.18-40.8%	$10.44+17.7%	$8.87+744.8%	$1.05-85.3%	$7.14+11.0%	$6.43-19.4%	$7.98+32.3%	$6.03

META Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

META quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$366.0B+32.6%	$276.1B+20.2%	$229.6B+23.6%	$185.7B+11.9%	$166.0B+4.2%	$159.3B+19.4%	$133.4B+37.0%	$97.3B+15.2%	$84.5B+30.1%	$65.0B+31.5%	$49.4B+23.6%	$40.0B+123.3%	$17.9B+18.5%	$15.1B+138.6%	$6.3B
Current Assets	$108.7B+8.7%	$100.0B+17.2%	$85.4B+43.4%	$59.5B-10.7%	$66.7B-11.9%	$75.7B+14.3%	$66.2B+31.2%	$50.5B+3.9%	$48.6B+41.2%	$34.4B+58.9%	$21.7B+61.7%	$13.4B+2.4%	$13.1B+16.0%	$11.3B+144.7%	$4.6B
Cash & Equivalents	$35.9B-18.3%	$43.9B+4.8%	$41.9B+185.1%	$14.7B-11.6%	$16.6B-5.5%	$17.6B-7.9%	$19.1B+90.4%	$10.0B+24.0%	$8.1B-9.3%	$8.9B+81.4%	$4.9B+13.7%	$4.3B+29.9%	$3.3B+39.4%	$2.4B+57.7%	$1.5B
Accounts Receivable	$19.8B+16.3%	$17.0B+5.1%	$16.2B+20.1%	$13.5B-4.1%	$14.0B+23.9%	$11.3B+19.1%	$9.5B+25.5%	$7.6B+30.1%	$5.8B+46.1%	$4.0B+56.0%	$2.6B+52.5%	$1.7B+51.3%	$1.1B+54.2%	$719.0M+31.4%	$547.0M
Goodwill	$24.5B+18.8%	$20.7B0.0%	$20.7B+1.7%	$20.3B+5.8%	$19.2B+0.8%	$19.1B+1.8%	$18.7B+2.3%	$18.3B+0.4%	$18.2B+0.5%	$18.1B+0.5%	$18.0B+0.3%	$18.0B+2043.1%	$839.0M+42.9%	$587.0M+615.9%	$82.0M
Total Liabilities	$148.8B+59.3%	$93.4B+22.2%	$76.5B+27.4%	$60.0B+46.0%	$41.1B+32.5%	$31.0B-4.0%	$32.3B+144.7%	$13.2B+29.8%	$10.2B+76.5%	$5.8B+11.1%	$5.2B+34.1%	$3.9B+59.6%	$2.4B-27.6%	$3.3B+133.8%	$1.4B
Current Liabilities	$41.8B+24.5%	$33.6B+5.1%	$32.0B+18.3%	$27.0B+27.9%	$21.1B+41.1%	$15.0B-0.5%	$15.1B+114.5%	$7.0B+86.6%	$3.8B+30.8%	$2.9B+49.4%	$1.9B+35.2%	$1.4B+29.5%	$1.1B+4.6%	$1.1B+17.0%	$899.0M
Long-Term Debt	$58.7B+103.8%	$28.8B+56.8%	$18.4B+85.3%	$9.9B	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$1.5B	$0
Total Equity	$217.2B+18.9%	$182.6B+19.2%	$153.2B+21.8%	$125.7B+0.7%	$124.9B-2.7%	$128.3B+27.0%	$101.1B+20.1%	$84.1B+13.2%	$74.3B+25.6%	$59.2B+33.9%	$44.2B+22.5%	$36.1B+133.3%	$15.5B+31.6%	$11.8B+139.9%	$4.9B
Retained Earnings	$121.2B+18.2%	$102.5B+24.9%	$82.1B+26.7%	$64.8B-7.1%	$69.8B-9.8%	$77.3B+38.9%	$55.7B+32.7%	$42.0B+23.5%	$34.0B+56.9%	$21.7B+121.4%	$9.8B+60.5%	$6.1B+93.1%	$3.2B+90.4%	$1.7B+3.3%	$1.6B

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$450.0B+13.8%	$395.3B+8.0%	$366.0B+20.5%	$303.8B+3.1%	$294.7B+5.2%	$280.2B+1.5%	$276.1B+7.7%	$256.4B
Current Assets	$125.5B+14.3%	$109.8B+1.0%	$108.7B+48.7%	$73.1B-0.7%	$73.6B-18.4%	$90.2B-9.8%	$100.0B+9.9%	$91.1B
Cash & Equivalents	$15.5B-34.0%	$23.4B-34.7%	$35.9B+252.1%	$10.2B-15.1%	$12.0B-58.2%	$28.8B-34.5%	$43.9B+0.1%	$43.9B
Accounts Receivable	$21.8B+24.5%	$17.5B-11.6%	$19.8B+14.3%	$17.3B+4.4%	$16.6B+14.1%	$14.5B-14.6%	$17.0B+15.6%	$14.7B
Goodwill	$23.4B-5.4%	$24.7B+0.9%	$24.5B+16.0%	$21.2B+2.4%	$20.7B0.0%	$20.7B0.0%	$20.7B0.0%	$20.7B
Total Liabilities	$188.7B+24.5%	$151.6B+1.9%	$148.8B+35.5%	$109.8B+10.1%	$99.7B+4.7%	$95.2B+1.9%	$93.4B+1.7%	$91.9B
Current Liabilities	$56.4B+20.6%	$46.8B+11.8%	$41.8B+13.2%	$37.0B-0.9%	$37.3B+10.1%	$33.9B+0.9%	$33.6B+0.8%	$33.3B
Long-Term Debt	$83.7B+42.4%	$58.7B0.0%	$58.7B+103.7%	$28.8B0.0%	$28.8B0.0%	$28.8B0.0%	$28.8B0.0%	$28.8B
Total Equity	$261.2B+7.2%	$243.7B+12.2%	$217.2B+11.9%	$194.1B-0.5%	$195.1B+5.4%	$185.0B+1.3%	$182.6B+11.0%	$164.5B
Retained Earnings	$157.8B+9.1%	$144.6B+19.4%	$121.2B+19.3%	$101.6B-4.5%	$106.3B+5.0%	$101.3B-1.2%	$102.5B+20.6%	$85.0B

Not reported in any period shown, so not listed: Inventory.

META Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

META quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$130.3B	$115.8B+26.8%	$91.3B+28.4%	$71.1B+40.9%	$50.5B-12.5%	$57.7B+48.9%	$38.7B+6.7%	$36.3B+24.0%	$29.3B+20.9%	$24.2B+50.3%	$16.1B+56.1%	$10.3B+40.9%	$7.3B+73.5%	$4.2B+161.9%	$1.6B+4.1%	$1.5B
Capital Expenditures	$89.3B	$69.7B+87.1%	$37.3B+37.8%	$27.0B-13.3%	$31.2B+66.9%	$18.7B+23.3%	$15.2B+0.4%	$15.1B+8.5%	$13.9B+106.7%	$6.7B+49.9%	$4.5B+78.0%	$2.5B+37.8%	$1.8B+34.4%	$1.4B+10.3%	$1.2B+103.8%	$606.0M
Free Cash Flow	$41.0B	$46.1B-14.7%	$54.1B+22.7%	$44.1B+128.5%	$19.3B-50.5%	$39.0B+65.3%	$23.6B+11.2%	$21.2B+38.1%	$15.4B-12.1%	$17.5B+50.5%	$11.6B+49.0%	$7.8B+41.9%	$5.5B+92.1%	$2.9B+658.6%	$377.0M-60.0%	$943.0M
Investing Cash Flow	-$139.4B	-$102.0B-116.3%	-$47.1B-92.5%	-$24.5B+15.4%	-$29.0B-282.7%	-$7.6B+74.8%	-$30.1B-51.3%	-$19.9B-71.2%	-$11.6B+42.3%	-$20.1B-70.6%	-$11.8B-25.0%	-$9.4B-59.5%	-$5.9B-125.3%	-$2.6B+62.6%	-$7.0B-132.4%	-$3.0B
Financing Cash Flow	$24.5B	-$20.4B+50.1%	-$40.8B-109.1%	-$19.5B+11.9%	-$22.1B+56.4%	-$50.7B-392.9%	-$10.3B-41.0%	-$7.3B+53.1%	-$15.6B-197.5%	-$5.2B-1588.7%	-$310.0M-123.0%	-$139.0M+53.4%	-$298.0M+55.3%	-$667.0M-110.6%	$6.3B+424.5%	$1.2B
Dividends Paid	$5.4B	$5.3B+5.0%	$5.1B	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$3.3B	$26.2B-12.9%	$30.1B+52.3%	$19.8B-29.3%	$28.0B-37.2%	$44.5B+610.1%	$6.3B+49.3%	$4.2B-67.4%	$12.9B+551.8%	$2.0B	$0	$0	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$31.9B-1.1%	$32.2B-11.0%	$36.2B+20.7%	$30.0B+17.4%	$25.6B+6.4%	$24.0B-14.2%	$28.0B+13.2%	$24.7B
Capital Expenditures	$30.1B+58.5%	$19.0B-11.2%	$21.4B+13.6%	$18.8B+13.9%	$16.5B+27.8%	$12.9B-10.3%	$14.4B+74.7%	$8.3B
Free Cash Flow	$1.7B-86.8%	$13.2B-10.8%	$14.8B+32.8%	$11.2B+23.8%	$9.0B-18.6%	$11.1B-18.3%	$13.6B-17.6%	$16.5B
Investing Cash Flow	-$49.7B-47.4%	-$33.7B+1.5%	-$34.2B-56.5%	-$21.8B+15.8%	-$26.0B-29.7%	-$20.0B+6.9%	-$21.5B-149.4%	-$8.6B
Financing Cash Flow	$16.0B+343.7%	-$6.6B-126.1%	$25.1B+350.3%	-$10.0B+37.1%	-$16.0B+18.0%	-$19.5B-256.7%	-$5.5B-25.0%	-$4.4B
Dividends Paid	$1.4B+0.5%	$1.3B+1.4%	$1.3B-0.2%	$1.3B+0.2%	$1.3B-0.2%	$1.3B+4.9%	$1.3B+0.3%	$1.3B
Share Buybacks	$0	$0	$0-100.0%	$3.3B-67.3%	$10.2B-20.3%	$12.8B	$0-100.0%	$8.8B

META Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

META quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	82.0%+0.3pp	81.7%+0.9pp	80.8%+2.4pp	78.3%-2.4pp	80.8%+0.2pp	80.6%-1.4pp	81.9%-1.3pp	83.3%-3.3pp	86.6%+0.3pp	86.3%+2.3pp	84.0%+1.3pp	82.7%+6.6pp	76.2%+3.0pp	73.2%-3.6pp	76.8%
Operating Margin	41.4%-0.7pp	42.2%+7.5pp	34.7%+9.8pp	24.8%-14.8pp	39.6%+1.6pp	38.0%+4.1pp	33.9%-10.7pp	44.6%-5.1pp	49.7%+4.7pp	45.0%+10.2pp	34.7%-5.3pp	40.1%+4.4pp	35.6%+25.1pp	10.6%-36.8pp	47.3%
Net Margin	30.1%-7.8pp	37.9%+8.9pp	29.0%+9.1pp	19.9%-13.5pp	33.4%-0.5pp	33.9%+7.8pp	26.2%-13.5pp	39.6%+0.4pp	39.2%+2.2pp	37.0%+16.4pp	20.6%-3.0pp	23.6%+4.5pp	19.1%+18.0pp	1.0%-25.9pp	27.0%
Return on Equity	27.8%-6.3pp	34.1%+8.6pp	25.5%+7.1pp	18.4%-13.1pp	31.5%+8.8pp	22.7%+4.4pp	18.3%-8.0pp	26.3%+4.8pp	21.4%+4.2pp	17.3%+8.9pp	8.3%+0.2pp	8.1%-1.6pp	9.7%+9.3pp	0.4%-20.0pp	20.4%
Return on Assets	16.5%-6.1pp	22.6%+5.6pp	17.0%+4.5pp	12.5%-11.2pp	23.7%+5.4pp	18.3%+4.4pp	13.9%-8.9pp	22.7%+3.9pp	18.9%+3.1pp	15.7%+8.3pp	7.5%+0.1pp	7.4%-1.0pp	8.4%+8.0pp	0.4%-15.4pp	15.8%
Current Ratio	2.60-0.4x	2.98+0.3x	2.67+0.5x	2.20-1.0x	3.15-1.9x	5.05+0.7x	4.40-2.8x	7.19-5.7x	12.92+1.0x	11.97+0.7x	11.25+1.8x	9.40-2.5x	11.88+1.2x	10.71+5.6x	5.12
Debt-to-Equity	0.27+0.1x	0.160.0x	0.120.0x	0.08+0.1x	0.00-0.2x	0.24-0.1x	0.32+0.2x	0.160.0x	0.140.0x	0.100.0x	0.120.0x	0.11+0.1x	0.00-0.1x	0.13+0.1x	0.00
FCF Margin	22.9%-9.9pp	32.9%+0.2pp	32.7%+16.1pp	16.5%-16.5pp	33.1%+5.6pp	27.4%-2.6pp	30.0%+2.5pp	27.5%-15.5pp	43.0%+1.0pp	42.0%-1.5pp	43.5%-0.6pp	44.1%+7.8pp	36.3%+28.9pp	7.4%-18.0pp	25.4%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	81.4%-0.5pp	81.8%+0.1pp	81.8%-0.2pp	82.0%-0.1pp	82.1%0.0pp	82.1%+0.4pp	81.7%-0.1pp	81.8%
Operating Margin	30.9%-9.7pp	40.6%-0.7pp	41.3%+1.2pp	40.1%-3.0pp	43.0%+1.5pp	41.5%-6.8pp	48.3%+5.5pp	42.8%
Net Margin	26.1%-21.5pp	47.5%+9.5pp	38.0%+32.7pp	5.3%-33.3pp	38.6%-0.7pp	39.3%-3.7pp	43.1%+4.4pp	38.6%
Return on Equity	6.1%-4.9pp	11.0%+0.5pp	10.5%+9.1pp	1.4%-8.0pp	9.4%+0.4pp	9.0%-2.4pp	11.4%+1.9pp	9.5%
Return on Assets	3.5%-3.2pp	6.8%+0.5pp	6.2%+5.3pp	0.9%-5.3pp	6.2%+0.3pp	5.9%-1.6pp	7.5%+1.4pp	6.1%
Current Ratio	2.23-0.1x	2.35-0.3x	2.60+0.6x	1.980.0x	1.97-0.7x	2.66-0.3x	2.98+0.2x	2.73
Debt-to-Equity	0.32+0.1x	0.240.0x	0.27+0.1x	0.150.0x	0.150.0x	0.160.0x	0.160.0x	0.18
FCF Margin	2.9%-20.6pp	23.5%-1.3pp	24.8%+3.0pp	21.8%+2.8pp	19.0%-7.2pp	26.2%-1.8pp	28.0%-12.5pp	40.6%

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Where Meta Platforms Inc Ranks

Frequently Asked Questions

What is Meta Platforms Inc's annual revenue?

Meta Platforms Inc (META) reported $201.0B in total revenue for fiscal year 2025. This represents a 22.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Meta Platforms Inc's revenue growing?

Meta Platforms Inc (META) revenue grew by 22.2% year-over-year, from $164.5B to $201.0B in fiscal year 2025.

Is Meta Platforms Inc profitable?

Yes, Meta Platforms Inc (META) reported a net income of $60.5B in fiscal year 2025, with a net profit margin of 30.1%.

What is Meta Platforms Inc's EBITDA?

Meta Platforms Inc (META) had EBITDA of $101.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Meta Platforms Inc have?

As of fiscal year 2025, Meta Platforms Inc (META) had $35.9B in cash and equivalents against $58.7B in long-term debt.

What is Meta Platforms Inc's gross margin?

Meta Platforms Inc (META) had a gross margin of 82.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Meta Platforms Inc's operating margin?

Meta Platforms Inc (META) had an operating margin of 41.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Meta Platforms Inc's net profit margin?

Meta Platforms Inc (META) had a net profit margin of 30.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Meta Platforms Inc pay dividends?

Yes, Meta Platforms Inc (META) paid $2.10 per share in dividends during fiscal year 2025.

What is Meta Platforms Inc's return on equity (ROE)?

Meta Platforms Inc (META) has a return on equity of 27.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Meta Platforms Inc's free cash flow?

Meta Platforms Inc (META) generated $46.1B in free cash flow during fiscal year 2025. This represents a -14.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Meta Platforms Inc's operating cash flow?

Meta Platforms Inc (META) generated $115.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Meta Platforms Inc's total assets?

Meta Platforms Inc (META) had $366.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Meta Platforms Inc's capital expenditures?

Meta Platforms Inc (META) invested $69.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Meta Platforms Inc spend on research and development?

Meta Platforms Inc (META) invested $57.4B in research and development during fiscal year 2025.

Does Meta Platforms Inc buy back shares?

Yes, Meta Platforms Inc (META) spent $26.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Meta Platforms Inc's current ratio?

Meta Platforms Inc (META) had a current ratio of 2.60 as of fiscal year 2025, which is generally considered healthy.

What is Meta Platforms Inc's debt-to-equity ratio?

Meta Platforms Inc (META) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Meta Platforms Inc's return on assets (ROA)?

Meta Platforms Inc (META) had a return on assets of 16.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Meta Platforms Inc's Altman Z-Score?

Meta Platforms Inc (META) has an Altman Z-Score of 7.92, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Meta Platforms Inc's Piotroski F-Score?

Meta Platforms Inc (META) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Meta Platforms Inc's earnings high quality?

Meta Platforms Inc (META) has an earnings quality ratio of 1.92x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Meta Platforms Inc cover its interest payments?

Meta Platforms Inc (META) has an interest coverage ratio of 76.40x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Meta Platforms Inc?

Meta Platforms Inc (META) scores 84 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.