Meta Platforms, Inc.

META · Mega cap · 2 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$201.0B	$164.5B	$134.9B	$116.6B	$117.9B
Cost of revenue	$36.2B	$30.2B	$26.0B	$25.2B	$22.6B
Research and development	$57.4B	$43.9B	$38.5B	$35.3B	$24.7B
Operating income	$83.3B	$69.4B	$46.8B	$28.9B	$46.8B
Interest expense	$1.2B	$715.0M	$446.0M	$185.0M	$23.0M
Pretax income	$85.9B	$70.7B	$47.4B	$28.8B	$47.3B
Income tax expense	$25.5B	$8.3B	$8.3B	$5.6B	$7.9B
Net income	$60.5B	$62.4B	$39.1B	$23.2B	$39.4B
Balance Sheet
Cash and equivalents	$35.9B	$43.9B	$41.9B	$14.7B	$16.6B
Current assets	$108.7B	$100.0B	$85.4B	$59.5B	$66.7B
Total assets	$366.0B	$276.1B	$229.6B	$185.7B	$166.0B
Current liabilities	$41.8B	$33.6B	$32.0B	$27.0B	$21.1B
Total liabilities	$148.8B	$93.4B	$76.5B	$60.0B	$41.1B
Total debt	$59.0B	$29.0B	$18.5B	$10.0B	—
Stockholders' equity	$217.2B	$182.6B	$153.2B	$125.7B	$124.9B
Cash Flow Statement
Cash from operations	$115.8B	$91.3B	$71.1B	$50.5B	$57.7B
Depreciation and amortization	$18.6B	$15.5B	$11.2B	$8.7B	$8.0B
Stock-based compensation	$20.4B	$16.7B	$14.0B	$12.0B	$9.2B
Capital expenditure	$69.7B	$37.3B	$27.0B	$31.2B	$18.7B
Free cash flow	$46.1B	$54.1B	$44.1B	$19.3B	$39.0B
Dividends paid	$5.3B	$5.1B	$0	$0	—
Share repurchases	$26.2B	$30.1B	$19.8B	$28.0B	$44.5B
Impairments	$0	$383.0M	$2.4B	$2.2B	$0

Shares outstanding 2.5B · Free float 72.7%

Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.