Meta Platforms, Inc. (META) Q2 FY2026 Financial Statements: Revenue $60.80B, Net income $15.85B
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PeriodQ2 FY2026Q1 FY2026
Published
Meta Platforms reported $60.80 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 28.0% from a year earlier, but earnings moved the other way: operating income of $18.77 billion was down 8.2% and net income of $15.85 billion was down 13.6%, as charges for legal proceedings and severance tied to a May 2026 headcount reduction more than accounted for the decline, with costs and expenses growing faster than sales. Purchases of property and equipment reached $30.12 billion, up 82.1%, as Meta built out AI and data center capacity, and free cash flow fell to $784.00 million from $8.55 billion a year earlier. Diluted EPS was $6.18, against $7.14 a year earlier.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $60,801,000,000 | up 28.0% |
| Net income | $15,848,000,000 | down 13.6% |
| Diluted EPS | $6.18 | down 13.4% |
| Operating income | $18,775,000,000 | down 8.2% |
| Purchases of property and equipment | $30,116,000,000 | up 82.1% |
| Free cash flow | $784,000,000 | down 90.8% |
About this file
| Ticker | META |
|---|---|
| CIK | 0001326801 |
| Company | Meta Platforms, Inc. |
| Business type | technology (digital advertising platform) |
| Schema template | Standard operating-company template (revenue, cost of revenue, operating expenses, operating income, net income, diluted EPS; cash, debt, assets, equity; operating cash flow, capital expenditure, free cash flow), extended with Meta's two reportable segments -- Family of Apps and Reality Labs -- because the segment split is where the economics of this business actually live: Family of Apps funds a large, persistent Reality Labs operating loss. |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions), except per-share amounts and share counts |
META annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Label | FY2025 | FY2024 | FY2023 |
| Fiscal year | 2025 | 2024 | 2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001628280-26-003942 | 0001628280-26-003942 | 0001628280-26-003942 |
| Source form | 10-K | 10-K | 10-K |
| Income statement | |||
| Revenue | 200,966,000,000 | 164,501,000,000 | 134,902,000,000 |
| Cost of revenue | 36,175,000,000 | 30,161,000,000 | 25,959,000,000 |
| Gross profit | 164,791,000,000 | 134,340,000,000 | 108,943,000,000 |
| Research and development | 57,372,000,000 | 43,873,000,000 | 38,483,000,000 |
| Marketing and sales | 11,991,000,000 | 11,347,000,000 | 12,301,000,000 |
| General and administrative | 12,152,000,000 | 9,740,000,000 | 11,408,000,000 |
| Total costs and expenses | 117,690,000,000 | 95,121,000,000 | 88,151,000,000 |
| Operating income | 83,276,000,000 | 69,380,000,000 | 46,751,000,000 |
| Interest and other income net | 2,656,000,000 | 1,283,000,000 | 677,000,000 |
| Pretax income | 85,932,000,000 | 70,663,000,000 | 47,428,000,000 |
| Income tax expense | 25,474,000,000 | 8,303,000,000 | 8,330,000,000 |
| Net income | 60,458,000,000 | 62,360,000,000 | 39,098,000,000 |
| Per share | |||
| Basic EPS | 23.98 | 24.61 | 15.19 |
| Diluted EPS | 23.49 | 23.86 | 14.87 |
| Basic shares | 2,521,000,000 | 2,534,000,000 | 2,574,000,000 |
| Diluted shares | 2,574,000,000 | 2,614,000,000 | 2,629,000,000 |
| Dividends declared per share | 2.1 | 2.0 | 0.0 |
| Revenue detail | |||
| Advertising | 196,175,000,000 | 160,633,000,000 | 131,948,000,000 |
| Family of apps other revenue | 2,584,000,000 | 1,722,000,000 | 1,058,000,000 |
| Family of apps total | 198,759,000,000 | 162,355,000,000 | 133,006,000,000 |
| Reality labs | 2,207,000,000 | 2,146,000,000 | 1,896,000,000 |
| Segments | |||
| Family of apps | |||
| Revenue | 198,759,000,000 | 162,355,000,000 | 133,006,000,000 |
| Operating income | 102,469,000,000 | 87,109,000,000 | 62,871,000,000 |
| Reality labs | |||
| Revenue | 2,207,000,000 | 2,146,000,000 | 1,896,000,000 |
| Operating income | -19,193,000,000 | -17,729,000,000 | -16,120,000,000 |
| Balance sheet | |||
| Cash and cash equivalents | 35,873,000,000 | 43,889,000,000 | 41,862,000,000 |
| Marketable securities | 45,719,000,000 | 33,926,000,000 | |
| Cash and marketable securities | 81,592,000,000 | 77,815,000,000 | |
| Accounts receivable net | 19,769,000,000 | 16,994,000,000 | |
| Total current assets | 108,722,000,000 | 100,045,000,000 | |
| Property and equipment net | 176,400,000,000 | 121,346,000,000 | |
| Operating lease right of use assets | 20,404,000,000 | 14,922,000,000 | |
| Goodwill | 24,534,000,000 | 20,654,000,000 | |
| Total assets | 366,021,000,000 | 276,054,000,000 | |
| Total current liabilities | 41,836,000,000 | 33,596,000,000 | |
| Long term debt | 58,744,000,000 | 28,826,000,000 | |
| Finance lease liabilities | 1,184,000,000 | n/a | |
| Total debt | 59,928,000,000 | 28,826,000,000 | |
| Operating lease liabilities | 25,153,000,000 | 20,234,000,000 | |
| Total liabilities | 148,778,000,000 | 93,417,000,000 | |
| Total equity | 217,243,000,000 | 182,637,000,000 | 153,168,000,000 |
| Cash flow | |||
| Operating cash flow | 115,800,000,000 | 91,328,000,000 | 71,113,000,000 |
| Capex | 69,691,000,000 | 37,256,000,000 | 27,045,000,000 |
| Principal payments on finance leases | 2,524,000,000 | 1,969,000,000 | 1,058,000,000 |
| Free cash flow | 43,585,000,000 | 52,103,000,000 | 43,010,000,000 |
| Free cash flow excluding finance leases | 46,109,000,000 | 54,072,000,000 | 44,068,000,000 |
| Depreciation and amortization | 18,616,000,000 | 15,498,000,000 | 11,178,000,000 |
| Share based compensation | 20,427,000,000 | 16,690,000,000 | 14,027,000,000 |
| Share repurchases | 26,248,000,000 | 30,125,000,000 | 19,774,000,000 |
| Dividends and dividend equivalents paid | 5,324,000,000 | 5,072,000,000 | 0 |
| Investing cash flow | -102,003,000,000 | -47,150,000,000 | -24,495,000,000 |
| Financing cash flow | -20,370,000,000 | -40,781,000,000 | -19,500,000,000 |
| Balance sheet coverage note | The FY2025 10-K's balance sheet presents only December 31, 2025 and December 31, 2024, so a full 2023 balance sheet is not available from that filing. The two 2023 items shown here do appear on its face: cash and cash equivalents in the cash flow statement's restricted-cash reconciliation, and total stockholders' equity in the statements of stockholders' equity. | ||
META quarterly income statement, balance sheet and cash flow
| Q2 FY2026 | Q2 FY2025 | |
|---|---|---|
| Label | Q2 FY2026 | Q2 FY2025 |
| Fiscal period | FY2026 Q2 | FY2025 Q2 (prior-year comparative) |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0001628280-26-050705 | 0001628280-26-050705 |
| Source form | 10-Q | 10-Q |
| Income statement | ||
| Revenue | 60,801,000,000 | 47,516,000,000 |
| Cost of revenue | 11,330,000,000 | 8,491,000,000 |
| Gross profit | 49,471,000,000 | 39,025,000,000 |
| Research and development | 21,656,000,000 | 12,942,000,000 |
| Marketing and sales | 3,431,000,000 | 2,979,000,000 |
| General and administrative | 5,609,000,000 | 2,663,000,000 |
| Total costs and expenses | 42,026,000,000 | 27,075,000,000 |
| Operating income | 18,775,000,000 | 20,441,000,000 |
| Interest and other income expense net | -19,000,000 | 93,000,000 |
| Pretax income | 18,756,000,000 | 20,534,000,000 |
| Income tax expense | 2,908,000,000 | 2,197,000,000 |
| Net income | 15,848,000,000 | 18,337,000,000 |
| Per share | ||
| Basic EPS | 6.23 | 7.28 |
| Diluted EPS | 6.18 | 7.14 |
| Basic shares | 2,543,000,000 | 2,518,000,000 |
| Diluted shares | 2,566,000,000 | 2,570,000,000 |
| Dividends declared per share | 0.525 | 0.525 |
| Segments | ||
| Family of apps | ||
| Revenue | 60,370,000,000 | 47,146,000,000 |
| Operating income | 23,394,000,000 | 24,971,000,000 |
| Reality labs | ||
| Revenue | 431,000,000 | 370,000,000 |
| Operating income | -4,619,000,000 | -4,530,000,000 |
| Revenue detail | ||
| Advertising | 59,363,000,000 | 46,563,000,000 |
| Family of apps other revenue | 1,007,000,000 | 583,000,000 |
| Family of apps total | 60,370,000,000 | 47,146,000,000 |
| Reality labs | 431,000,000 | 370,000,000 |
| Balance sheet | ||
| Cash and cash equivalents | 15,462,000,000 | |
| Marketable securities | 74,798,000,000 | |
| Cash and marketable securities | 90,260,000,000 | |
| Accounts receivable net | 21,752,000,000 | |
| Total current assets | 125,475,000,000 | |
| Property and equipment net | 225,724,000,000 | |
| Operating lease right of use assets | 23,985,000,000 | |
| Goodwill | 23,406,000,000 | |
| Total assets | 449,956,000,000 | |
| Total current liabilities | 56,379,000,000 | |
| Long term debt | 83,664,000,000 | |
| Total debt | 83,664,000,000 | |
| Operating lease liabilities | 28,654,000,000 | |
| Total liabilities | 188,735,000,000 | |
| Total equity | 261,221,000,000 | |
| Shares outstanding | ||
| As of | 2026-07-24 | |
| Class a | 2,205,128,509 | |
| Class b | 342,377,716 | |
| Total | 2,547,506,225 | |
| Cash flow | ||
| Operating cash flow | 31,862,000,000 | 25,561,000,000 |
| Capex | 30,116,000,000 | 16,538,000,000 |
| Principal payments on finance leases | 962,000,000 | 474,000,000 |
| Free cash flow | 784,000,000 | 8,549,000,000 |
| Free cash flow excluding finance leases | 1,746,000,000 | 9,023,000,000 |
| Depreciation and amortization | 6,356,000,000 | 4,342,000,000 |
| Share based compensation | 7,658,000,000 | 4,834,000,000 |
| Share repurchases | 0 | 10,167,000,000 |
| Dividends and dividend equivalents paid | 1,353,000,000 | 1,327,000,000 |
| Investing cash flow | -49,653,000,000 | -25,958,000,000 |
| Financing cash flow | 15,967,000,000 | -15,977,000,000 |
| Balance sheet note | The quarterly report for the quarter ended June 30, 2026 presents balance sheets as of June 30, 2026 and December 31, 2025 only, so no June 30, 2025 balance sheet is available from it. | |
META year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001628280-26-050705 |
| Source form | 10-Q |
| Income statement | |
| Revenue | 117,111,000,000 |
| Cost of revenue | 21,549,000,000 |
| Gross profit | 95,562,000,000 |
| Research and development | 39,354,000,000 |
| Marketing and sales | 6,339,000,000 |
| General and administrative | 8,222,000,000 |
| Total costs and expenses | 75,464,000,000 |
| Operating income | 41,647,000,000 |
| Interest and other income expense net | -1,139,000,000 |
| Pretax income | 40,508,000,000 |
| Income tax expense | -2,113,000,000 |
| Net income | 42,621,000,000 |
| Per share | |
| Basic EPS | 16.79 |
| Diluted EPS | 16.62 |
| Basic shares | 2,538,000,000 |
| Diluted shares | 2,565,000,000 |
| Dividends declared per share | 1.05 |
| Revenue detail | |
| Advertising | 114,387,000,000 |
| Family of apps other revenue | 1,891,000,000 |
| Family of apps total | 116,278,000,000 |
| Reality labs | 833,000,000 |
| Segments | |
| Family of apps | |
| Revenue | 116,278,000,000 |
| Operating income | 50,294,000,000 |
| Reality labs | |
| Revenue | 833,000,000 |
| Operating income | -8,647,000,000 |
| Cash flow | |
| Operating cash flow | 64,088,000,000 |
| Capex | 49,113,000,000 |
| Principal payments on finance leases | 1,805,000,000 |
| Free cash flow | 13,170,000,000 |
| Free cash flow excluding finance leases | 14,975,000,000 |
| Depreciation and amortization | 12,355,000,000 |
| Share based compensation | 13,690,000,000 |
| Share repurchases | 0 |
| Dividends and dividend equivalents paid | 2,699,000,000 |
| Investing cash flow | -83,331,000,000 |
| Financing cash flow | 9,414,000,000 |
| Prior year comparative | |
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001628280-26-050705 |
| Source form | 10-Q |
| Income statement | |
| Revenue | 89,830,000,000 |
| Cost of revenue | 16,063,000,000 |
| Gross profit | 73,767,000,000 |
| Research and development | 25,092,000,000 |
| Marketing and sales | 5,735,000,000 |
| General and administrative | 4,943,000,000 |
| Total costs and expenses | 51,833,000,000 |
| Operating income | 37,997,000,000 |
| Interest and other income expense net | 919,000,000 |
| Pretax income | 38,916,000,000 |
| Income tax expense | 3,935,000,000 |
| Net income | 34,981,000,000 |
| Per share | |
| Basic EPS | 13.87 |
| Diluted EPS | 13.56 |
| Basic shares | 2,522,000,000 |
| Diluted shares | 2,580,000,000 |
| Dividends declared per share | 1.05 |
| Revenue detail | |
| Advertising | 87,955,000,000 |
| Family of apps other revenue | 1,093,000,000 |
| Family of apps total | 89,048,000,000 |
| Reality labs | 782,000,000 |
| Segments | |
| Family of apps | |
| Revenue | 89,048,000,000 |
| Operating income | 46,736,000,000 |
| Reality labs | |
| Revenue | 782,000,000 |
| Operating income | -8,739,000,000 |
| Cash flow | |
| Operating cash flow | 49,587,000,000 |
| Capex | 29,479,000,000 |
| Principal payments on finance leases | 1,225,000,000 |
| Free cash flow | 18,883,000,000 |
| Free cash flow excluding finance leases | 20,108,000,000 |
| Depreciation and amortization | 8,242,000,000 |
| Share based compensation | 8,981,000,000 |
| Share repurchases | 22,921,000,000 |
| Dividends and dividend equivalents paid | 2,656,000,000 |
| Investing cash flow | -45,968,000,000 |
| Financing cash flow | -35,472,000,000 |
META trailing twelve month income statement and cash flow
| Trailing twelve months ended June 30, 2026 | |
|---|---|
| Label | Trailing twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Derivation | Fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. No filing states these figures directly. |
| Source accessions | 0001628280-26-003942; 0001628280-26-050705 |
| Income statement | |
| Revenue | 228,247,000,000 |
| Cost of revenue | 41,661,000,000 |
| Gross profit | 186,586,000,000 |
| Research and development | 71,634,000,000 |
| Marketing and sales | 12,595,000,000 |
| General and administrative | 15,431,000,000 |
| Total costs and expenses | 141,321,000,000 |
| Operating income | 86,926,000,000 |
| Interest and other income expense net | 598,000,000 |
| Pretax income | 87,524,000,000 |
| Income tax expense | 19,426,000,000 |
| Net income | 68,098,000,000 |
| Per share | |
| Diluted EPS | 26.55 |
| Revenue detail | |
| Advertising | 222,607,000,000 |
| Family of apps other revenue | 3,382,000,000 |
| Family of apps total | 225,989,000,000 |
| Reality labs | 2,258,000,000 |
| Segments | |
| Family of apps | |
| Revenue | 225,989,000,000 |
| Operating income | 106,027,000,000 |
| Reality labs | |
| Revenue | 2,258,000,000 |
| Operating income | -19,101,000,000 |
| Cash flow | |
| Operating cash flow | 130,301,000,000 |
| Capex | 89,325,000,000 |
| Principal payments on finance leases | 3,104,000,000 |
| Free cash flow | 37,872,000,000 |
| Free cash flow excluding finance leases | 40,976,000,000 |
| Depreciation and amortization | 22,729,000,000 |
| Share based compensation | 25,136,000,000 |
| Share repurchases | 3,327,000,000 |
| Dividends and dividend equivalents paid | 5,367,000,000 |
| Investing cash flow | -139,366,000,000 |
| Financing cash flow | 24,516,000,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | None. Meta reports in U.S. dollars and its fiscal year is the calendar year. |
| Note | Meta's shares trade directly rather than as depositary receipts, and there has been no stock split, so no per-share figure required adjustment. |
Notes
- All annual figures come from the fiscal 2025 Form 10-K (accession 0001628280-26-003942, year ended December 31, 2025), which presents three years of income statement and cash flow data (2025, 2024, 2023) and two years of balance sheet data (2025, 2024). All quarterly and cumulative figures come from the Form 10-Q for the quarter ended June 30, 2026 (accession 0001628280-26-050705), which presents the three and six months ended June 30, 2026 and 2025 and balance sheets as of June 30, 2026 and December 31, 2025. Every period in this record is taken from these two filings, and no figure relies on any other filing except the derived three-month cash flow amounts described below. The only other filings used are the two earnings-release exhibits cited below, which supply the first-quarter cash flow amounts subtracted to derive the three-month cash flow figures; no period in this record comes from them, and no earlier reports were pulled to extend the history.
- Meta does not present a gross profit line. The gross profit shown here is computed as revenue less cost of revenue, using the exact line items on the face of the income statement. Research and development, marketing and sales, and general and administrative are presented as separate operating expense lines and are excluded from cost of revenue.
- Free cash flow follows Meta's own published definition: net cash provided by operating activities less purchases of property and equipment and less principal payments on finance leases. For fiscal 2025, 2024 and 2023 this reproduces the $43.59 billion, $52.10 billion and $43.01 billion the 10-K reconciles in its liquidity discussion. A second figure, free_cash_flow_excluding_finance_leases, is also provided for readers who prefer the simpler operating cash flow less capital expenditure convention.
- The quarterly report's cash flow statement is presented for the six months only, so the cash flow figures shown for the three months ended June 30, 2026 and June 30, 2025 are derived, each as a six-month amount less the corresponding first-quarter amount. The second-quarter 2026 figures are the six months ended June 30, 2026 less the first-quarter 2026 amounts reported in the condensed consolidated statement of cash flows for the three months ended March 31, 2026, printed in Exhibit 99.1 to the Form 8-K filed April 29, 2026 (accession 0001628280-26-028364). The second-quarter 2025 figures are the six months ended June 30, 2025 less the first-quarter 2025 amounts reported in the condensed consolidated statement of cash flows for the three months ended March 31, 2025, printed in Exhibit 99.1 to the Form 8-K filed April 30, 2025 (accession 0001326801-25-000050). Both of those filings are among the sources listed for this record. Three figures on the face of the June 2026 filing confirm the result. Management states capital expenditures including principal payments on finance leases of $31.08 billion for the three months ended June 30, 2026, against $30.116 billion plus $0.962 billion derived here; dividend and dividend equivalent payments of $1.35 billion, against $1.353 billion derived here; and the statement of stockholders' equity shows share-based compensation of $7.658 billion for the quarter and $4.834 billion for the year-ago quarter, both matching the derived amounts exactly. Income statement, per-share, segment and balance sheet figures for the quarters are printed columns and are not derived.
- Revenue grew 28% year over year in the second quarter of 2026, to $60.80 billion, but operating income fell 8% to $18.78 billion and net income fell 14% to $15.85 billion. Total costs and expenses rose 55%, with research and development up 67% and general and administrative up 111%. Two items account for much of the step-up: $2.40 billion of charges related to legal proceedings recorded in general and administrative, and $1.18 billion of severance expense tied to the May 2026 headcount reduction of approximately 8,000 employees. The operating margin was 31%, against 43% a year earlier. Headcount was 75,472 at June 30, 2026.
- Long-term debt more than doubled over six months. Meta issued $25.00 billion of fixed-rate senior unsecured notes in six series in May 2026, taking the aggregate principal amount outstanding to $84.00 billion at June 30, 2026 from $59.00 billion at December 31, 2025; the carrying value of $83.664 billion differs from principal because of unamortized discount and issuance costs. The June 2026 balance sheet does not break out finance lease liabilities, so total debt at that date equals long-term debt alone. Operating lease liabilities of $28.654 billion (current plus non-current) are reported separately and are not included in total debt.
- Capital intensity keeps rising. Purchases of property and equipment were $49.11 billion in the first six months of 2026 against $29.48 billion a year earlier, and on a trailing twelve month basis capital expenditure of $89.33 billion consumed most of $130.30 billion of operating cash flow, leaving $37.87 billion of free cash flow after finance lease principal. Meta says it anticipates capital expenditures of approximately $130 billion to $145 billion for 2026.
- Off-balance-sheet infrastructure commitments have grown very quickly. At June 30, 2026 operating and finance leases signed but not yet commenced were approximately $278.99 billion, against approximately $103.77 billion at December 31, 2025, with a further approximately $68 billion of data center leases entered into in July 2026. Non-cancelable contractual commitments were $349.31 billion, mostly third-party cloud capacity and infrastructure, of which approximately $53.52 billion falls due in 2026 and $81.65 billion in 2027, and there are contingent obligations to purchase up to $14.72 billion of cloud capacity over five years. Separately, $10.80 billion of money market funds was reclassified as restricted cash equivalents during the period to meet escrow requirements under multi-year infrastructure purchase agreements, expected to be released between 2028 and 2030.
- Tax remains volatile. Fiscal 2025 carried a 29.6% effective rate because of a $15.93 billion discrete charge on enactment of the One Big Beautiful Bill Act; the first quarter of 2026 carried an $8.03 billion discrete benefit that partly reversed it. The second quarter of 2026 was closer to normal, with a 16% effective rate and a $2.908 billion provision, but the six-month period still shows a net benefit of $2.113 billion because of that first-quarter item. Meta says it expects an effective tax rate of 15% to 17% for the remaining quarters of 2026.
- The Reality Labs segment continues to lose money at scale: a $4.62 billion operating loss in the second quarter of 2026 on $431 million of revenue, and $19.10 billion of losses on $2.26 billion of revenue over the trailing twelve months. Family of Apps produced $23.39 billion of operating income in the quarter, down 6% year over year, and $106.03 billion over the trailing twelve months on $225.99 billion of revenue.
- Meta repurchased no Class A shares in the first six months of 2026, against $22.92 billion of cash repurchases in the same period of 2025; $25.03 billion remained authorized at June 30, 2026. The dividend was $0.525 per share in each quarter shown, or $1.05 declared per share for each six-month period.
- Goodwill fell from $24.534 billion to $23.406 billion during the six months because $1.27 billion was reclassified to held-for-sale within prepaid expenses and other current assets in the second quarter of 2026. No impairment loss was recognized on that reclassification.
- In July 2026, after the balance sheet date, Meta entered into an exclusivity agreement to co-develop a data center campus in El Paso, Texas through a venture in which it would hold a 20% interest. On closing, expected in the third quarter of 2026, Meta estimates it would contribute approximately $2.3 billion of held-for-sale assets net of liabilities, receive a one-time distribution of approximately $1 billion, enter into leases for the properties, and provide residual value guarantees with maximum aggregate exposure of approximately $13 billion.
- The trailing twelve month block covers July 1, 2025 through June 30, 2026 and is arithmetic on the filed periods: fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. It is not a figure either filing states directly.
- The annual periods (2025, 2024 and 2023) were confirmed line by line against the columns printed in the fiscal 2025 10-K before being carried into this record, and are cited to that filing.
Uncertainties
- The cash flow figures shown for the three months ended June 30, 2026 and June 30, 2025 are derived by difference, because the quarterly report presents cash flows for the six-month period only. Both quarters are derived the same way, each against a first-quarter source: the second quarter of 2026 as the six months ended June 30, 2026 less the first quarter of 2026 reported in Exhibit 99.1 to the Form 8-K filed April 29, 2026 (accession 0001628280-26-028364), and the second quarter of 2025 as the six months ended June 30, 2025 less the first quarter of 2025 reported in Exhibit 99.1 to the Form 8-K filed April 30, 2025 (accession 0001326801-25-000050). Three independent figures on the face of the quarterly report tie to the derived second-quarter 2026 amounts, and the year-ago quarter's derived share-based compensation ties to the equity statement, but neither quarter is a filed figure; both are computed. The six-month and trailing twelve month cash flow figures in this record are unaffected: they come from the filed statement.
- Total debt at June 30, 2026 and at December 31, 2024 excludes finance lease liabilities, because those dates are not broken out in the filings used. The December 31, 2025 finance lease liability was $1.184 billion, so the omission is small against $83.7 billion and $28.8 billion of long-term debt respectively, but the dates are not strictly comparable to December 31, 2025.
- No balance sheet is reported for June 30, 2025 or December 31, 2023. The quarterly report's balance sheet presents June 30, 2026 and December 31, 2025 only, and the 10-K's presents 2025 and 2024 only. The two 2023 balance sheet items included (cash and cash equivalents of $41.862 billion and total stockholders' equity of $153.168 billion) were taken from the cash flow statement's restricted-cash reconciliation and the statements of stockholders' equity respectively, both on the face of the fiscal 2025 10-K.
- Gross profit and gross margin are derived, not reported. Meta presents no gross profit line, and companies differ in what they place in cost of revenue, so these figures are not directly comparable across companies.
- The trailing twelve month diluted earnings per share of $26.55 is the same arithmetic applied to the filed per-share figures (fiscal 2025 plus the six months to June 30, 2026 less the six months to June 30, 2025). It is not a weighted-average recomputation, and no trailing twelve month share count is stated, so it should be treated as an approximation.
- Effective tax rates across these periods are distorted by one-time legislative items in opposite directions and should not be read as a run rate: fiscal 2025 includes a $15.93 billion discrete charge and the first quarter of 2026 an $8.03 billion discrete benefit that flows through the six-month figures.
- Meta's tax position carries unresolved exposure that the filings quantify but do not resolve: a September 2025 IRS Statutory Notice of Deficiency asserting an additional $15.89 billion in tax plus interest and penalties for the 2017 through 2019 tax years, which Meta is challenging in Tax Court, and a pending Tax Court decision on the 2010 tax year following a May 2025 opinion that valued transferred intellectual property $1.48 billion above what Meta reported. Meta states its accrual for unrecognized tax benefits is adequate as of June 30, 2026; the outcomes are not determinable from the filings.
- The $2.40 billion of legal-related charges in the second quarter of 2026 is disclosed as an amount recorded in general and administrative expense. The filings do not attribute it to a single matter, and further legal contingencies are described without a quantified range.
- The infrastructure commitments described above -- leases not yet commenced, non-cancelable contractual commitments and residual value guarantees -- are not liabilities on the balance sheet and are not included in total debt or in any total in this record.
Company details
| Value | |
|---|---|
| Name | Meta Platforms, Inc. |
| Ticker | META |
| CIK | 0001326801 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | Delaware |
| SIC | 7370 |
| Office | Technology |
| Industry | Services-Computer Programming, Data Processing, Etc. |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001628280-26-050705 |
| Fiscal year end | 1231 |
| Source | facts |
FAQ · Meta Platforms financial statements
How much revenue did Meta report in Q2 FY2026?
Meta Platforms reported $60.80 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 28.0% from $47.52 billion in the same quarter a year earlier.
Why did Meta's profit fall in Q2 FY2026?
Meta Platforms' operating income came in at $18.77 billion for Q2 FY2026, down 8.2% from $20.44 billion a year earlier, and net income at $15.85 billion, down 13.6%, chiefly because the quarter absorbed charges for legal proceedings and severance tied to a May 2026 headcount reduction that together exceeded the fall in profit. Behind those charges, revenue was up 28.0% while costs and expenses grew faster still, led by spending on AI infrastructure.
What was Meta's earnings per share in Q2 FY2026?
Meta Platforms reported diluted earnings per share of $6.18 for Q2 FY2026, the quarter ended June 30, 2026, compared with $7.14 a year earlier. Net income for the quarter was $15.85 billion, down 13.6%.
How much is Meta spending on AI and data centers?
Meta Platforms spent $30.12 billion on property and equipment in Q2 FY2026, up 82.1% from $16.54 billion a year earlier, as it added AI and data center capacity. That build left free cash flow of $784.00 million for the quarter, against $8.55 billion a year earlier.
Where can I get Meta Platforms, Inc. (META) financial data in machine-readable form?
Ticker Scout publishes Meta Platforms, Inc.'s financial statements as JSON at https://tickerscout.ai/meta/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/meta/narrative.md and https://tickerscout.ai/meta/events.md. Meta Platforms, Inc.'s SEC CIK is 0001326801. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Meta Platforms, Inc. (META) next file with the SEC?
Meta Platforms, Inc. (META) is expected to file its next Form 10-Q with the SEC on or around October 29, 2026. That date is a projection rather than a company-announced date: it is derived from Meta Platforms, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001628280-26-050705.
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How this page was built
This page was built from four of Meta Platforms, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names nine such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Meta Platforms, Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.