Meta Platforms, Inc. (META) stock
METANasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31Also trades as METAM
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 22, 2026Score 21/308% below fair value
$623.61−5.16 (-0.82%)
Close on Nov 12, 2026Market cap $1.59TP/E 21.3Yield 0.34%
Meta Platforms operating margin
Operating margin is operating income as a percentage of revenue.
Meta Platforms's operating margin for the twelve months ending Sep 30, 2026 was 32.9%. For fiscal 2025 it was 41.4%, against 42.2% the year before. The highest annual figure on record is 52.3% in fiscal 2010.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 41.4% | −0.7 |
| FY2024 | Dec 31, 2024 | 42.2% | +7.5 |
| FY2023 | Dec 31, 2023 | 34.7% | +9.8 |
| FY2022 | Dec 31, 2022 | 24.8% | −14.8 |
| FY2021 | Dec 31, 2021 | 39.6% | +1.6 |
| FY2020 | Dec 31, 2020 | 38.0% | +4.1 |
| FY2019 | Dec 31, 2019 | 33.9% | −10.7 |
| FY2018 | Dec 31, 2018 | 44.6% | −5.1 |
| FY2017 | Dec 31, 2017 | 49.7% | +4.7 |
| FY2016 | Dec 31, 2016 | 45.0% | +10.2 |
| FY2015 | Dec 31, 2015 | 34.7% | −5.3 |
| FY2014 | Dec 31, 2014 | 40.1% | +4.4 |
| FY2013 | Dec 31, 2013 | 35.6% | +25.0 |
| FY2012 | Dec 31, 2012 | 10.6% | −36.7 |
| FY2011 | Dec 31, 2011 | 47.3% | −5.0 |
| FY2010 | Dec 31, 2010 | 52.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 20.1% | −20.0 |
| Q2 FY2026 | Jun 30, 2026 | 30.9% | −12.1 |
| Q1 FY2026 | Mar 31, 2026 | 40.6% | −0.9 |
| Q4 FY2025 | Dec 31, 2025 | 41.3% | −7.0 |
| Q3 FY2025 | Sep 30, 2025 | 40.1% | −2.7 |
| Q2 FY2025 | Jun 30, 2025 | 43.0% | +5.0 |
| Q1 FY2025 | Mar 31, 2025 | 41.5% | +3.6 |
| Q4 FY2024 | Dec 31, 2024 | 48.3% | +7.4 |
| Q3 FY2024 | Sep 30, 2024 | 42.7% | +2.5 |
| Q2 FY2024 | Jun 30, 2024 | 38.0% | +8.6 |
| Q1 FY2024 | Mar 31, 2024 | 37.9% | +12.7 |
| Q4 FY2023 | Dec 31, 2023 | 40.8% | +21.0 |
| Q3 FY2023 | Sep 30, 2023 | 40.3% | +19.8 |
| Q2 FY2023 | Jun 30, 2023 | 29.4% | +0.4 |
| Q1 FY2023 | Mar 31, 2023 | 25.2% | −5.3 |
| Q4 FY2022 | Dec 31, 2022 | 19.9% | −17.5 |
| Q3 FY2022 | Sep 30, 2022 | 20.4% | −15.5 |
| Q2 FY2022 | Jun 30, 2022 | 29.0% | −13.5 |
| Q1 FY2022 | Mar 31, 2022 | 30.5% | −12.9 |
| Q4 FY2021 | Dec 31, 2021 | 37.4% | −8.1 |
| Q3 FY2021 | Sep 30, 2021 | 35.9% | −1.5 |
| Q2 FY2021 | Jun 30, 2021 | 42.5% | +10.6 |
| Q1 FY2021 | Mar 31, 2021 | 43.5% | +10.3 |
| Q4 FY2020 | Dec 31, 2020 | 45.5% | +3.5 |
| Q3 FY2020 | Sep 30, 2020 | 37.4% | −3.3 |
| Q2 FY2020 | Jun 30, 2020 | 31.9% | +4.5 |
| Q1 FY2020 | Mar 31, 2020 | 33.2% | +11.2 |
| Q4 FY2019 | Dec 31, 2019 | 42.0% | −4.2 |
| Q3 FY2019 | Sep 30, 2019 | 40.7% | −1.4 |
| Q2 FY2019 | Jun 30, 2019 | 27.4% | −16.9 |
| Q1 FY2019 | Mar 31, 2019 | 22.0% | −23.5 |
| Q4 FY2018 | Dec 31, 2018 | 46.2% | −10.4 |
| Q3 FY2018 | Sep 30, 2018 | 42.1% | −7.5 |
| Q2 FY2018 | Jun 30, 2018 | 44.3% | −2.9 |
| Q1 FY2018 | Mar 31, 2018 | 45.5% | +4.1 |
| Q4 FY2017 | Dec 31, 2017 | 56.7% | +4.8 |
| Q3 FY2017 | Sep 30, 2017 | 49.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 47.2% | – |
| Q1 FY2017 | Mar 31, 2017 | 41.4% | – |
| Q4 FY2016 | Dec 31, 2016 | 51.8% | – |
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