STOCK TITAN
  1. Home
  2. Sec-filings
  3. META
  4. [8-K] Meta Platforms, Inc. Reports Material Event

Meta (META) posts strong Q1 2026 earnings, lifts AI-driven capex outlook

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Meta Platforms, Inc. reported strong first quarter 2026 results, with revenue of $56.31 billion, up 33% from 2025, and net income of $26.77 billion, up 61%. Diluted EPS was $10.44, a 62% increase.

Results were boosted by an $8.03 billion income tax benefit tied to U.S. tax law changes, which significantly lowered the effective tax rate to (23)%. Excluding this, EPS would have been $3.13 lower. Operationally, family daily active people reached 3.56 billion, ad impressions grew 19%, and average price per ad rose 12% year-over-year.

Meta ended the quarter with $81.18 billion in cash, cash equivalents, and marketable securities, generated $32.23 billion in operating cash flow and $12.39 billion in free cash flow, and paid $1.35 billion in dividends. Management guides second quarter 2026 revenue to $58–61 billion and now expects 2026 capital expenditures of $125–145 billion, higher than its prior range, while also warning that ongoing legal and regulatory matters, including youth-related trials in the U.S., may ultimately result in a material loss.

Positive

  • Strong revenue and earnings growth – Q1 2026 revenue rose 33% to $56.31 billion, while net income increased 61% to $26.77 billion and diluted EPS grew 62% to $10.44, reflecting powerful operating performance and monetization across Meta’s apps.
  • Robust cash generation and balance sheet – Operating cash flow reached $32.23 billion and free cash flow was $12.39 billion, with $81.18 billion in cash, cash equivalents, and marketable securities as of March 31, 2026, supporting ongoing investment and capital returns.

Negative

  • Elevated spending and capex outlook – Meta now expects 2026 capital expenditures of $125–145 billion, above its prior $115–135 billion range, alongside full-year expenses of $162–169 billion, signaling a very heavy investment cycle.
  • Legal and regulatory risk with potential material loss – Management notes continued scrutiny on youth-related issues, with additional U.S. trials scheduled in 2026 that may ultimately result in a material loss, adding uncertainty to future financial results.

Insights

Meta posts strong Q1 growth, boosted by a large tax benefit, while raising capex plans and flagging legal risks.

Meta delivered robust top- and bottom-line growth, with Q1 2026 revenue of $56.31B up 33% and net income of $26.77B up 61%. Engagement and monetization metrics were solid: family daily active people rose 4%, ad impressions grew 19%, and average price per ad increased 12% year-over-year.

A key driver was an $8.03B income tax benefit tied to the One Big Beautiful Bill Act and U.S. Treasury Notice 2026-7, which pushed the effective tax rate to (23)%. The company notes diluted EPS would have been $3.13 lower without this benefit, so investors may treat part of the earnings strength as non-recurring.

Guidance frames the rest of 2026 as both investment-heavy and growth-focused. Management expects Q2 2026 revenue of $58–61B, full-year expenses of $162–169B, and sharply higher capital expenditures of $125–145B, up from $115–135B, mainly for AI-related infrastructure and data centers. They also highlight ongoing legal and regulatory headwinds, including youth-related trials in the U.S. during 2026 that may result in a material loss, adding risk alongside the aggressive spending plan.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Revenue $56.31B Q1 2026, up 33% year-over-year
Net income $26.77B Q1 2026, up 61% year-over-year
Diluted EPS $10.44 Q1 2026, 62% increase vs. Q1 2025
Tax benefit $8.03B Income tax benefit recorded in Q1 2026
Free cash flow $12.39B Q1 2026 free cash flow
Cash and securities $81.18B Cash, cash equivalents, and marketable securities as of March 31, 2026
Q2 2026 revenue guidance $58–61B Management outlook for second quarter 2026
2026 capex guidance $125–145B Full-year 2026 capital expenditures outlook
free cash flow financial
"Free cash flow was $12.39 billion.(1)"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
effective tax rate financial
"Excluding this tax benefit, our effective tax rate would have been 37 percentage points higher"
The effective tax rate is the percentage of a company's profits that it pays in taxes. It shows how much of its earnings go to taxes after all deductions and credits are considered. For investors, it indicates how much of the company's income is taken by taxes, impacting overall profitability and financial health.
constant currency basis financial
"Revenue on a constant currency basis would have increased by 29% year-over-year."
A "constant currency basis" is a way companies compare financial results by removing the effects of changing exchange rates between different currencies. It helps show how the business is really performing, without the confusion caused by currency value swings, much like adjusting for inflation to see true growth.
Family of Apps financial
"Family daily active people (DAP) – DAP was 3.56 billion"
Reality Labs financial
"Reality Labs includes our virtual and augmented reality related consumer hardware, software, and content."
non-GAAP financial measures financial
"To supplement our condensed consolidated financial statements... we use the following non-GAAP financial measures"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
Revenue $56.31B +33% YoY
Net income $26.77B +61% YoY
Diluted EPS $10.44 +62% YoY
Operating margin 41% flat vs. prior year
Guidance

Meta expects Q2 2026 revenue of $58–61 billion, 2026 total expenses of $162–169 billion, and 2026 capital expenditures of $125–145 billion, with operating income projected to exceed 2025 levels.

Understanding 8-K Material Events →
0001326801false00013268012026-04-292026-04-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 


FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 29, 2026
Meta Logo.jpg
Meta Platforms, Inc.
(Exact name of registrant as specified in its charter)
Delaware001-3555120-1665019
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
1 Meta Way, Menlo Park, California 94025
(Address of principal executive offices and Zip Code)

(650) 543-4800
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, $0.000006 par valueMETAThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐


Item 2.02 Results of Operations and Financial Condition.
On April 29, 2026, Meta Platforms, Inc. ("Meta") issued a press release and will hold a conference call regarding its financial results for the quarter ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information furnished with this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Meta is making reference to non-GAAP financial information in both the press release and the conference call. A reconciliation of GAAP to non-GAAP results is provided in the attached Exhibit 99.1 press release.
Meta uses the investor.atmeta.com and meta.com/news websites as well as Mark Zuckerberg's Facebook profile (facebook.com/zuck), Instagram account (instagram.com/zuck) and Threads profile (threads.net/zuck) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

Exhibit NumberExhibit Title or Description
99.1
Press release dated April 29, 2026
104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
META PLATFORMS, INC.
Date: April 29, 2026By:/s/ Katherine R. Kelly
Name: Katherine R. Kelly
Title: Vice President and Corporate Secretary




Meta Reports First Quarter 2026 Results

MENLO PARK, Calif. – April 29, 2026 – Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2026.

"We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs," said Mark Zuckerberg, Meta founder and CEO. "We're on track to deliver personal superintelligence to billions of people."

First Quarter 2026 Financial Highlights
Three Months Ended March 31,% Change
In millions, except percentages and per share amounts20262025
Revenue$56,311 $42,314 33 %
Costs and expenses33,439 24,759 35 %
Income from operations$22,872 $17,555 30 %
Operating margin41 %41 %
Provision (benefit) for income taxes (1)
$(5,021)$1,738 NM
Effective tax rate (1)
(23)%9 %
Net income$26,773 $16,644 61 %
Diluted earnings per share (EPS) (1)
$10.44 $6.43 62 %
____________________________________
NM    — not meaningful
(1) Includes an $8.03 billion income tax benefit recognized in the first quarter of 2026, which partially offsets the $15.93 billion non-cash tax charge recorded in the third quarter of 2025 upon enactment of the One Big Beautiful Bill Act. This benefit is the result of U.S. Treasury Notice 2026-7, which addressed the Corporate Alternative Minimum Tax treatment of previously capitalized U.S. research and development costs. Excluding this tax benefit, our effective tax rate would have been 37 percentage points higher and our diluted earnings per share (EPS) would have been $3.13 lower.

First Quarter 2026 Operational and Other Financial Highlights

•Family daily active people (DAP) – DAP was 3.56 billion on average for March 2026, an increase of 4% year-over-year. The slight decline in DAP on a quarter-over-quarter basis was driven by internet disruptions in Iran, as well as a restriction on access to WhatsApp in Russia.
•Ad impressions – Ad impressions delivered across our Family of Apps increased by 19% year-over-year.
•Average price per ad – Average price per ad increased by 12% year-over-year.
•Revenue – Revenue was $56.31 billion, an increase of 33% year-over-year. Revenue on a constant currency basis would have increased by 29% year-over-year.
•Costs and expenses – Total costs and expenses were $33.44 billion, an increase of 35% year-over-year.
•Capital expenditures – Capital expenditures, including principal payments on finance leases, were $19.84 billion.
•Capital return program – Dividend and dividend equivalent payments were $1.35 billion.
•Cash, cash equivalents, and marketable securities – Cash, cash equivalents, and marketable securities were $81.18 billion as of March 31, 2026.
•Cash flow – Cash flow from operating activities was $32.23 billion, and free cash flow was $12.39 billion.(1)
•Headcount – Headcount was 77,986 as of March 31, 2026, an increase of 1% year-over-year.

____________________________________
(1) For more information on our free cash flow non-GAAP financial measure, see the sections entitled "Non-GAAP Financial Measures" and "Reconciliation of GAAP to Non-GAAP Results" in this press release.
1



CFO Outlook Commentary

We expect second quarter 2026 total revenue to be in the range of $58-61 billion. Our guidance assumes foreign currency is an approximately 2% tailwind to year-over-year total revenue growth, based on current exchange rates.

We expect full year 2026 total expenses to be in the range of $162-169 billion, unchanged from our prior outlook.

We continue to expect to deliver operating income this year that is above 2025 operating income.

We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $125-145 billion, increased from our prior range of $115-135 billion. This reflects our expectations for higher component pricing this year and, to a lesser extent, additional data center costs to support future year capacity.

Absent any changes to our tax landscape, we expect our tax rate for the remaining quarters of 2026 to be between 13-16%.

Lastly, we continue to monitor active legal and regulatory matters, including headwinds in the EU and the U.S. that could significantly impact our business and financial results. For example, we continue to see scrutiny on youth-related issues and have additional trials scheduled for this year in the U.S., which may ultimately result in a material loss.
2



Webcast and Conference Call Information

Meta will host a conference call to discuss its results at 2:30 p.m. PT / 5:30 p.m. ET today. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.atmeta.com, along with the company's earnings press release, financial tables, and slide presentation.

Following the call, a replay will be available at the same website. Transcripts of conference calls with publishing equity research analysts held today will also be posted to the investor.atmeta.com website.

Disclosure Information

Meta uses the investor.atmeta.com and meta.com/news websites as well as Mark Zuckerberg's Facebook profile (facebook.com/zuck), Instagram account (instagram.com/zuck) and Threads profile (threads.net/zuck) as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

About Meta

Meta is building the future of human connection, powered by artificial intelligence and immersive technologies. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward experiences that foster deeper connections and unlock new possibilities.

Contacts

Investors:
Kenneth Dorell
investor@meta.com / investor.atmeta.com

Press:
Matt Tye
press@meta.com / meta.com/news
3



Forward-Looking Statements

This press release contains forward-looking statements regarding our future business plans and expectations. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including: the impact of macroeconomic conditions on our business and financial results, including as a result of geopolitical events; our ability to retain or increase users and engagement levels; our reliance on advertising revenue; our dependency on data signals and mobile operating systems, networks, and standards that we do not control; changes to the content or application of third-party policies that impact our advertising practices; risks associated with new products and changes to existing products as well as other new business initiatives, including our artificial intelligence initiatives and Reality Labs efforts; our emphasis on community growth and engagement and the user experience over short-term financial results; maintaining and enhancing our brand and reputation; our ongoing privacy, safety, security, and content and advertising review and enforcement efforts; competition; risks associated with government actions that could restrict access to our products or impair our ability to sell advertising in certain countries; litigation and government inquiries; privacy, legislative, and regulatory concerns or developments; risks associated with acquisitions; security breaches; our ability to manage our scale and geographically-dispersed operations; and market conditions or other factors affecting capital return to stockholders. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed under the caption "Risk Factors" in our Annual Report on Form 10-K filed with the SEC on January 29, 2026, which is available on our Investor Relations website at investor.atmeta.com and on the SEC website at www.sec.gov. Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. In addition, please note that the date of this press release is April 29, 2026, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements as a result of new information or future events.

For a discussion of limitations in the measurement of certain of our community metrics, see the section entitled "Limitations of Key Metrics and Other Data" in our most recent quarterly or annual report filed with the SEC.

Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with generally accepted accounting principles in the United States (GAAP), we use the following non-GAAP financial measures: revenue excluding foreign exchange effect, advertising revenue excluding foreign exchange effect, and free cash flow. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In addition, these measures may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP amounts excluded from these non-GAAP financial measures.

We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business.

Our non-GAAP financial measures are adjusted for the following items:

Foreign exchange effect on revenue. To calculate revenue on a constant currency basis, we translate current period revenue using the prior year's monthly exchange rates for our settlement or billing currencies other than the U.S. dollar, which we believe is a useful metric that facilitates comparison to our historical performance.

Purchases of property and equipment; Principal payments on finance leases. We subtract both purchases of property and equipment, and principal payments on finance leases in our calculation of free cash flow because we believe that these two items collectively represent the amount of property and equipment we need to procure to support our business, regardless of whether we procure such property or equipment with a finance lease. We believe that this methodology can provide useful supplemental information to help investors better understand underlying trends in our business. Free cash flow is not intended to represent our residual cash flow available for discretionary expenditures.

For more information on our non-GAAP financial measures and a reconciliation of GAAP to non-GAAP measures, see the "Reconciliation of GAAP to Non-GAAP Results" table in this press release.
4



META PLATFORMS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share amounts)
(Unaudited)
Three Months Ended March 31,
20262025
Revenue$56,311 $42,314 
Costs and expenses:
Cost of revenue10,218 7,572 
Research and development17,699 12,150 
Marketing and sales2,908 2,757 
General and administrative2,614 2,280 
Total costs and expenses33,439 24,759 
Income from operations22,872 17,555 
Interest and other income (expense), net(1,120)827 
Income before income taxes21,752 18,382 
Provision (benefit) for income taxes(5,021)1,738 
Net income$26,773 $16,644 
Earnings per share:
Basic$10.57 $6.59 
Diluted$10.44 $6.43 
Weighted-average shares used to compute earnings per share:
Basic2,534 2,527 
Diluted2,564 2,590 


5



META PLATFORMS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
March 31, 2026December 31, 2025
Assets
Current assets:
Cash and cash equivalents$23,426 $35,873 
Marketable securities57,754 45,719 
Accounts receivable, net17,470 19,769 
Prepaid expenses and other current assets11,115 7,361 
Total current assets109,765 108,722 
Non-marketable equity investments28,410 27,524 
Property and equipment, net194,776 176,400 
Operating lease right-of-use assets23,268 20,404 
Goodwill24,748 24,534 
Other assets14,283 8,437 
Total assets$395,250 $366,021 
Liabilities and stockholders' equity
Current liabilities:
Accounts payable$13,326 $8,894 
Operating lease liabilities, current2,414 2,213 
Accrued expenses and other current liabilities31,013 30,729 
Total current liabilities46,753 41,836 
Operating lease liabilities, non-current25,607 22,940 
Long-term debt58,748 58,744 
Long-term income taxes16,849 21,005 
Other liabilities3,612 4,253 
Total liabilities151,569 148,778 
Commitments and contingencies
Stockholders' equity:
Common stock and additional paid-in capital99,337 95,793 
Accumulated other comprehensive income (loss)(303)271 
Retained earnings144,647 121,179 
Total stockholders' equity243,681 217,243 
Total liabilities and stockholders' equity$395,250 $366,021 



6



META PLATFORMS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Three Months Ended March 31,
20262025
Cash flows from operating activities
Net income$26,773 $16,644 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization5,999 3,900 
Share-based compensation6,032 4,147 
Deferred income taxes123 (993)
Unrealized (gain) loss on equity investments1,075 (135)
Other(17)(96)
Changes in assets and liabilities:
Accounts receivable2,128 2,804 
Prepaid expenses and other current assets(2,424)360 
Other assets(1,082)(52)
Accounts payable(937)(1,034)
Accrued expenses and other current liabilities(271)(2,231)
Other liabilities(5,173)712 
Net cash provided by operating activities32,226 24,026 
Cash flows from investing activities
Purchases of property and equipment(18,997)(12,941)
Purchases of marketable securities(32,978)(11,763)
Sales and maturities of marketable securities19,176 4,784 
Purchases of non-marketable equity investments(544)(100)
Payments for held-for-sale assets(118)— 
Acquisitions of businesses and intangible assets(372)(1)
Other investing activities155 11 
Net cash used in investing activities(33,678)(20,010)
Cash flows from financing activities
Taxes paid related to net share settlement of equity awards(4,423)(4,883)
Repurchases of Class A common stock— (12,754)
Payments for dividends and dividend equivalents(1,346)(1,329)
Principal payments on finance leases(843)(751)
Other financing activities59 222 
Net cash used in financing activities(6,553)(19,495)
Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents7 112 
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents(7,998)(15,367)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of the period39,100 45,438 
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of the period$31,102 $30,071 
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the condensed consolidated balance sheets
Cash and cash equivalents$23,426 $28,750 
Restricted cash and restricted cash equivalents, included in prepaid expenses and other current assets340 71 
Restricted cash and restricted cash equivalents, included in other assets7,336 1,250 
Total cash, cash equivalents, restricted cash, and restricted cash equivalents$31,102 $30,071 
Supplemental cash flow data
Cash paid for income taxes, net$541 $448 
7



Segment Results

We report our financial results for our two reportable segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. RL includes our virtual and augmented reality related consumer hardware, software, and content.

The following table sets forth our segment information of revenue and income (loss) from operations:

Segment Information
(In millions)
(Unaudited)
Three Months Ended March 31,
20262025
Revenue:
Advertising$55,024 $41,392 
Other revenue885 510 
Family of Apps55,909 41,902 
Reality Labs402 412 
Total revenue$56,311 $42,314 
Income (loss) from operations:
Family of Apps$26,900 $21,765 
Reality Labs(4,028)(4,210)
Total income from operations$22,872 $17,555 
8



Reconciliation of GAAP to Non-GAAP Results
(In millions, except percentages)
(Unaudited)
Three Months Ended March 31,
20262025
GAAP revenue$56,311 $42,314 
Foreign exchange effect on 2026 revenue using 2025 rates(1,749)
Revenue excluding foreign exchange effect$54,562 
GAAP revenue year-over-year change %33 %
Revenue excluding foreign exchange effect year-over-year change %29 %
GAAP advertising revenue$55,024 $41,392 
Foreign exchange effect on 2026 advertising revenue using 2025 rates(1,734)
Advertising revenue excluding foreign exchange effect$53,290 
GAAP advertising revenue year-over-year change %33 %
Advertising revenue excluding foreign exchange effect year-over-year change %29 %
Net cash provided by operating activities$32,226 $24,026 
Purchases of property and equipment(18,997)(12,941)
Principal payments on finance leases(843)(751)
Free cash flow$12,386 $10,334 
9

Source: View Original Filing on SEC EDGAR

FAQ

How did Meta (META) perform financially in the first quarter of 2026?

Meta reported strong Q1 2026 results, with revenue of $56.31 billion, up 33% year-over-year, and net income of $26.77 billion, up 61%. Diluted EPS was $10.44, a 62% increase, reflecting higher advertising demand and improved monetization across its apps.

What was Meta’s user and advertising metric growth in Q1 2026?

Meta’s family daily active people reached 3.56 billion in March 2026, up 4% year-over-year. Ad impressions across the Family of Apps increased 19%, while average price per ad rose 12%, supporting the 33% revenue growth despite some regional disruptions.

How much of Meta’s Q1 2026 earnings came from tax benefits?

Q1 2026 included an $8.03 billion income tax benefit tied to U.S. tax law changes. This pushed the effective tax rate to (23)%. Meta states diluted EPS would have been $3.13 lower without this benefit, highlighting a significant non-recurring boost.

What guidance did Meta give for Q2 2026 revenue and 2026 expenses?

Meta expects Q2 2026 revenue between $58–61 billion, with foreign currency a roughly 2% tailwind to growth. For full-year 2026, it guides total expenses to $162–169 billion, unchanged from prior outlook, and anticipates operating income above 2025 levels.

What are Meta’s planned capital expenditures for 2026?

Meta now forecasts 2026 capital expenditures, including principal payments on finance leases, of $125–145 billion, raised from a prior $115–135 billion range. The increase reflects expectations for higher component pricing and additional data center costs to support future capacity.

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents