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): $241.6B
Revenue growth: +27.5%
Operating margin: 32.9%
Net income (12 months): $75.2B
Free cash flow (12 months): $28.6B
Cash: $11.2B
Debt: $83.7B
Diluted EPS (12 months): $29.32

Twelve months to September 30, 2026, from the 10-Q filed October 22, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Meta Platforms reported revenue of $241.6 billion, up a strong 27.5% from $189.5 billion a year earlier.

Its operating margin was 32.9%, down 10.4 percentage points from a year earlier: for every $100 of sales, about $33 was left as operating profit.

Net income was $75.2 billion (31.1% of revenue), 28.6% higher than a year earlier.

Operating cash flow was $133.1 billion and capital spending $104.4 billion, leaving free cash flow of $28.6 billion (11.9% of revenue). Capital spending equal to 43% of revenue is high; the company is investing heavily.

At the end of the period it held $11.2 billion in cash and $83.7 billion in debt, a net debt position of $72.4 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

8-K filed November 5, 2026 — Other event
8-K filed October 29, 2026 — Material agreement; Bylaw or fiscal-year change
10-Q filed October 22, 2026 — quarterly report
8-K filed October 21, 2026 — Material agreement; Earnings results

All Meta Platforms filings on SEC EDGAR

Companies like Meta Platforms

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Questions about Meta Platforms

Is Meta Platforms's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $241.6 billion, up 27.5% from a year earlier, according to its SEC filings.

Is Meta Platforms profitable?

Yes. It earned $75.2 billion in net income over the twelve months to September 30, 2026, a net margin of 31.1%.

Does Meta Platforms have more cash or more debt?

At September 30, 2026 it had $11.2 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 October 22, 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 November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.