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 21/305% below fair value
$641.69+18.08 (+2.90%)
Close on Nov 13, 2026Market cap $1.64TP/E 21.9Yield 0.33%
Meta Platforms r&d expenses
Research and development expenses are spending on new products and technology.
Meta Platforms's R&D Expenses for the twelve months ending Sep 30, 2026 was $76.54B, up 46.0% year over year. For fiscal 2025 it was $57.37B, up 30.8% from the year before. Over ten years it grew 28.1% a year on average. The highest annual figure on record is $57.37B in fiscal 2025.
Annual r&d expenses
| Period | Period end | Value | Change |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $57.37B | +30.8% |
| FY2024 | Dec 31, 2024 | $43.87B | +14.0% |
| FY2023 | Dec 31, 2023 | $38.48B | +8.9% |
| FY2022 | Dec 31, 2022 | $35.34B | +43.3% |
| FY2021 | Dec 31, 2021 | $24.66B | +33.7% |
| FY2020 | Dec 31, 2020 | $18.45B | +35.6% |
| FY2019 | Dec 31, 2019 | $13.60B | +32.4% |
| FY2018 | Dec 31, 2018 | $10.27B | +32.5% |
| FY2017 | Dec 31, 2017 | $7.75B | +31.0% |
| FY2016 | Dec 31, 2016 | $5.92B | +22.9% |
| FY2015 | Dec 31, 2015 | $4.82B | +80.6% |
| FY2014 | Dec 31, 2014 | $2.67B | +88.4% |
| FY2013 | Dec 31, 2013 | $1.42B | +1.1% |
| FY2012 | Dec 31, 2012 | $1.40B | +260.6% |
| FY2011 | Dec 31, 2011 | $388.00M | +169.4% |
| FY2010 | Dec 31, 2010 | $144.00M | – |
Quarterly r&d expenses
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | $20.05B | +32.4% |
| Q2 FY2026 | Jun 30, 2026 | $21.66B | +67.3% |
| Q1 FY2026 | Mar 31, 2026 | $17.70B | +45.7% |
| Q4 FY2025 | Dec 31, 2025 | $17.14B | +40.7% |
| Q3 FY2025 | Sep 30, 2025 | $15.14B | +35.5% |
| Q2 FY2025 | Jun 30, 2025 | $12.94B | +22.8% |
| Q1 FY2025 | Mar 31, 2025 | $12.15B | +21.8% |
| Q4 FY2024 | Dec 31, 2024 | $12.18B | +15.8% |
| Q3 FY2024 | Sep 30, 2024 | $11.18B | +21.0% |
| Q2 FY2024 | Jun 30, 2024 | $10.54B | +12.8% |
| Q1 FY2024 | Mar 31, 2024 | $9.98B | +6.4% |
| Q4 FY2023 | Dec 31, 2023 | $10.52B | +7.6% |
| Q3 FY2023 | Sep 30, 2023 | $9.24B | +0.8% |
| Q2 FY2023 | Jun 30, 2023 | $9.34B | +7.5% |
| Q1 FY2023 | Mar 31, 2023 | $9.38B | +21.7% |
| Q4 FY2022 | Dec 31, 2022 | $9.77B | +38.7% |
| Q3 FY2022 | Sep 30, 2022 | $9.17B | +45.2% |
| Q2 FY2022 | Jun 30, 2022 | $8.69B | +42.6% |
| Q1 FY2022 | Mar 31, 2022 | $7.71B | +48.3% |
| Q4 FY2021 | Dec 31, 2021 | $7.05B | +35.3% |
| Q3 FY2021 | Sep 30, 2021 | $6.32B | +32.6% |
| Q2 FY2021 | Jun 30, 2021 | $6.10B | +36.6% |
| Q1 FY2021 | Mar 31, 2021 | $5.20B | +29.4% |
| Q4 FY2020 | Dec 31, 2020 | $5.21B | +34.3% |
| Q3 FY2020 | Sep 30, 2020 | $4.76B | +34.2% |
| Q2 FY2020 | Jun 30, 2020 | $4.46B | +34.6% |
| Q1 FY2020 | Mar 31, 2020 | $4.02B | +40.4% |
| Q4 FY2019 | Dec 31, 2019 | $3.88B | +35.8% |
| Q3 FY2019 | Sep 30, 2019 | $3.55B | +33.5% |
| Q2 FY2019 | Jun 30, 2019 | $3.32B | +31.4% |
| Q1 FY2019 | Mar 31, 2019 | $2.86B | +27.8% |
| Q4 FY2018 | Dec 31, 2018 | $2.86B | +46.5% |
| Q3 FY2018 | Sep 30, 2018 | $2.66B | +29.5% |
| Q2 FY2018 | Jun 30, 2018 | $2.52B | +31.5% |
| Q1 FY2018 | Mar 31, 2018 | $2.24B | +22.0% |
| Q4 FY2017 | Dec 31, 2017 | $1.95B | +24.7% |
| Q3 FY2017 | Sep 30, 2017 | $2.05B | – |
| Q2 FY2017 | Jun 30, 2017 | $1.92B | – |
| Q1 FY2017 | Mar 31, 2017 | $1.83B | – |
| Q4 FY2016 | Dec 31, 2016 | $1.56B | – |
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