Meta Platforms (META): financials, SEC filings and peers
Meta Platforms (META) is an interactive media & services company in the Communication Services sector of the S&P 500, headquartered in Menlo Park, California.
It was founded in 2004 and joined the S&P 500 on December 23, 2013.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Services-Computer Programming, Data Processing, Etc.”.
Meta Platforms at a glance
- Revenue (12 months)
- $228.2B
- Revenue growth
- +27.7%
- Operating margin
- 38.1%
- Net income (12 months)
- $68.1B
- Free cash flow (12 months)
- $41.0B
- Cash
- $15.5B
- Debt
- $83.7B
- Diluted EPS (12 months)
- $26.54
Twelve months to June 30, 2026, from the 10-Q filed July 30, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Meta Platforms reported revenue of $228.2 billion, up a strong 27.7% from $178.8 billion a year earlier.
Its operating margin was 38.1%, down 5.9 percentage points from a year earlier: for every $100 of sales, about $38 was left as operating profit.
Net income was $68.1 billion (29.8% of revenue), 4.8% lower than a year earlier.
Operating cash flow was $130.3 billion and capital spending $89.3 billion, leaving free cash flow of $41.0 billion (18.0% of revenue). Capital spending equal to 39% of revenue is high; the company is investing heavily.
At the end of the period it held $15.5 billion in cash and $83.7 billion in debt, a net debt position of $68.2 billion.
Five-year trend
- Revenue went from $86.0 billion in fiscal 2020 to $201.0 billion in fiscal 2025, about 18.5% a year.
- Revenue has grown for 3 fiscal years in a row.
- Operating margin widened from 38.0% to 41.4% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $117.9B | $116.6B | $134.9B | $164.5B | $201.0B |
| Revenue growth | 37.2% | -1.1% | 15.7% | 21.9% | 22.2% |
| Operating margin | 39.6% | 24.8% | 34.7% | 42.2% | 41.4% |
| Net income | $39.4B | $23.2B | $39.1B | $62.4B | $60.5B |
| Free cash flow | $39.0B | $19.3B | $44.1B | $54.1B | $46.1B |
| Diluted EPS | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 |
Fiscal years as reported in Meta Platforms’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
Companies like Meta Platforms
Other S&P 500 companies in Interactive Media & Services:
- GOOGAlphabet Inc. (Class C)Mountain View, California
- GOOGLAlphabet Inc. (Class A)Mountain View, California
- RDDTRedditSan Francisco, California
More from Communication Services
Questions about Meta Platforms
Is Meta Platforms's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $228.2 billion, up 27.7% from a year earlier, according to its SEC filings.
Is Meta Platforms profitable?
Yes. It earned $68.1 billion in net income over the twelve months to June 30, 2026, a net margin of 29.8%.
Does Meta Platforms have more cash or more debt?
At June 30, 2026 it had $15.5 billion in cash and $83.7 billion in debt, so more debt than cash.
When did Meta Platforms last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.
Which companies are similar to Meta Platforms?
In the S&P 500, Meta Platforms is grouped in Interactive Media & Services within the Communication Services sector. Alphabet Inc. (Class C) (GOOG), Alphabet Inc. (Class A) (GOOGL), Reddit (RDDT) are in the same group.
Understand the numbers
Source: Meta Platforms’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.