METANasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
Meta Platforms, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$705.44−3.88 (-0.55%)
Close on Oct 19, 2026
- Market cap
- $1.81T
- P/E (TTM)
- 26.6
- Dividend yield
- 0.30%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
82.0%+1.4 pts over 5 years
Operating margin
41.4%+3.4 pts over 5 years
Net margin
30.1%−3.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.2% | +19.9% | +18.5% | +27.3% | |
| Gross profit | +22.7% | +21.7% | +18.9% | +27.0% | |
| Operating income | +20.0% | +42.2% | +20.6% | +29.6% | |
| Net income | -3.1% | +37.6% | +15.7% | +32.3% | |
| EPS, diluted | -1.6% | +39.8% | +18.4% | +33.7% | |
| Free cash flow | -14.7% | +33.7% | +14.3% | +19.4% | |
| Dividend per share | +5.0% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 19.8% | 25.4% | 30.2% | |
| Return on assets | 17.9% | 19.9% | 18.8% | |
| Current ratio | 11.97 | 5.05 | 2.60 | |
| Debt to equity | – | – | 0.27 | |
| Net debt to EBITDA | – | – | 0.22× | |
| Interest coverage | 1242.7× | – | 71.5× | |
| Capex to revenue | 16.2% | 17.6% | 34.7% | |
| Diluted shares | 2.92B | 2.89B | 2.57B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Meta Platforms generated $386.40B from operations and spent $342.90B on capital expenditure, dividends and share buybacks. 54% of that went back into the business.
Generated
$386.40B
Used
$342.90B
Capital expenditure$183.87B54%Dividends$10.40B3%Share buybacks$148.64B43%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin30.1%
×Asset turnover0.63×
×Equity multiplier1.61×
=Return on equity, FY202530.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 30.1% | 0.63× | 1.61× | 30.2% |
| FY2024 | 37.9% | 0.65× | 1.51× | 37.1% |
| FY2023 | 29.0% | 0.65× | 1.49× | 28.0% |
| FY2022 | 19.9% | 0.66× | 1.40× | 18.5% |
| FY2021 | 33.4% | 0.73× | 1.28× | 31.1% |
| FY2020 | 33.9% | 0.59× | 1.28× | 25.4% |
| FY2019 | 26.1% | 0.61× | 1.25× | 20.0% |
| FY2018 | 39.6% | 0.61× | 1.15× | 27.9% |
| FY2017 | 39.2% | 0.54× | 1.12× | 23.9% |
| FY2016 | 37.0% | 0.48× | 1.11× | 19.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$60.46B
- Cash generatingOperating cash flow above zero$115.80B
- Return on assets improvedROA up on the prior year27.2% → 21.9%
- Earnings backed by cashOperating cash flow above net income$115.80B vs $60.46B
- Less leverageLong-term debt to assets fell10.4% → 16.0%
- Better liquidityCurrent ratio rose2.98 → 2.60
- No dilutionShare count did not rise2.61B → 2.57B
- Gross margin improvedGross margin up on the prior year81.67% → 82.00%
- More efficientAsset turnover rose0.72 → 0.73