— Know what they know.
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Not Investment Advice

META

NASDAQ · USD
Meta Platforms, Inc.
Communication Services · Internet Content & Information
CEO Mark Elliot Zuckerberg Employees 78,865 R&D / revenue 28.5%
Last price
$709.33−3.72%last session
Market cap
$1.81T
P/E (TTM)
26.4x
From 52w high
−9.0%
From 52w low
+36.3%
1-year return
−0.3%
RSI 14 · vs SMA200
50.2 · +12.3%
IS score
70.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

META   SPY   XLC (sector ETF) · weekly closes
8090100110120Jan 26Apr 26Jul 26Oct 26SPY 116META 100XLC 97

Score DNA

Each bar is a 0-100 score within the scored universe
97
Profitability
58
Growth
59
Value
82
Momentum
100
Risk (safety)
89
Quality
90
Balance sheet
57
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for META (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 6 / 9Altman Z 6.4Beta 1.243 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
159 open-market sales, $127.3M
Form 144 notices (12m): 85, $240.4M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
22
Last disclosed purchase 2026-09-23
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−13
241 new holders, 191 closed
5,058 filers hold 67.4% · 2,457 added, 1,916 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+358
2,415 funds adding shares
2,057 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
27.0%
20-day avg 45.3%, 50-day avg 39.4%
Latest 18.3 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$201.0B
Revenue growth YoY+22.2%
Gross margin82.0%
Operating income$83.3B
Operating margin41.4%
Net income$60.5B
Net margin30.1%
EPS (diluted)$23.49
Cash flow
Operating cash flow$115.8B
Capital expenditure$69.7B
Free cash flow$46.1B
FCF conversion (FCF / OCF)39.8%
Stock-based compensation$20.4B
FCF less SBC$25.7B
Buybacks$26.2B
Dividends$5.3B
Balance sheet & returns
Cash & short-term investments$81.6B
Total debt$58.7B
Net cash$22.8B
Shareholders' equity$217.2B
Goodwill & intangibles$24.5B
Debt / equity0.43
ROE (TTM)29.7%
ROIC (TTM)17.1%
Operating margin by fiscal year
39.6%FY202124.8%FY202234.7%FY202342.2%FY202441.4%FY2025
Revenue $117.9B (FY2021) to $201.0B (FY2025), a 14.3% CAGR.

Valuation

P/E (TTM)26.4x
EV / EBITDA16.8x
Price / sales7.92x
Price / FCF44.1x
FCF yield2.27%
Buyback yield1.45%
SBC / revenue11.0%
Price / book6.91x
Forward P/E FY202623.0x
Forward P/E FY202720.9x
Forward P/E FY202818.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $800.96 across 24 analysts last quarter is theirs, not ours.

META vs industry median

171 companies in Internet Content & Information
Gross margin 81.7% 46.9% Operating margin 38.1% -2.7% Net margin 29.8% -3.6% ROIC 17.1% 5.5%
META (TTM)Industry median Asset turnover 0.51 vs industry 0.61 · financial leverage 1.72

Earnings delivery

Next report 2026-10-21 · consensus EPS $6.58
92%
beat rate, 11 of 12 quarters
+9.1%
median EPS surprise
11
longest beat streak
+21+7+9+9+15+19+23+21+8+8+9-14
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-25 to 2026-07-29. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
META Meta Platforms, Inc. $1.81T26.4x29.7%29.8%+22.2% −0.3%
GOOGL Alphabet Inc. $4.14T16.7x48.7%—+20.1% +35.5%
NFLX Netflix, Inc. $293.7B21.8x49.5%27.1%+16.0% −40.4%
DIS The Walt Disney Company $190.9B22.7x7.8%10.4%+4.6% +1.3%
VZ Verizon Communications Inc. $186.1B11.7x15.6%11.2%+1.4% +11.0%
TMUS T-Mobile US, Inc. $170.7B16.6x18.0%14.2%+9.7% —
T AT&T Inc. $160.6B7.7x19.9%14.7%+2.6% —
DASH DoorDash, Inc. $82.0B97.5x8.9%4.5%+33.6% —
12-month window: SPY +15.9%, sector ETF XLC −3.4%. Past returns describe history only.

Recent 8-K filings

2026-07-29Earnings Release; Exhibits
2026-05-29Shareholder Vote
2026-05-04Other Events; Exhibits
2026-04-29Earnings Release; Exhibits
2026-04-14Officer/Director Change
2026-01-28Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding2,547,506,147
Free float86.4%
Institutional ownership67.4%
Beta1.24
Dividend yield0.30%
Last dividend$0.53 on 2026-09-21
50 / 200-day average$652.85 / $631.76

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where META sits among 32 scored companies in Internet Content & Information (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMETAIndustry medianIndustry percentileSector median
P/E (TTM) 26.5x 14.6x
74th		 16.6x
PEG (P/E ÷ 3-yr EPS CAGR) 0.58 0.28
75th		 0.47
Price / sales 7.9x 2.2x
77th		 1.6x
Price / book 6.9x 1.9x
86th		 2.1x
Price / tangible book 6.1x 3.7x
71st		 3.7x
Price / free cash flow 44.1x 13.2x
81st		 10.4x
Price / operating cash flow 13.9x 11.6x
59th		 8.9x
Enterprise value $1.83T $1.7B
94th		 $3.9B
EV / sales 8.0x 2.2x
77th		 2.2x
EV / EBITDA 16.1x 11.2x
65th		 10.0x
EV / EBIT 20.2x 13.3x
68th		 15.8x
EV / free cash flow 44.6x 12.1x
81st		 17.3x
Earnings yield 3.8% 2.5%
55th		 2.4%
FCF yield 2.3% 5.0%
32nd		 6.6%
Operating cash flow yield 7.2% 7.4%
48th		 10.7%
Graham number (per share) $246.55 $18.65
100th		 $31.22

Profitability (TTM)

MeasureMETAIndustry medianIndustry percentileSector median
Gross margin 81.7% 72.9%
71st		 51.5%
EBITDA margin 49.7% 11.9%
93rd		 18.1%
Operating margin 38.1% 5.2%
100th		 9.7%
EBIT margin 39.7% 6.8%
93rd		 9.3%
Net margin 29.8% 5.8%
86th		 5.3%
NOPAT margin 29.6% 4.5%
100th		 7.1%
FCF margin 18.0% 12.3%
66th		 10.5%
Operating cash flow margin 57.1% 18.5%
100th		 17.4%
R&D / revenue 31.4% 15.8%
84th		 0.0%
SG&A / revenue 12.3% 36.3%
3rd		 26.0%
Stock comp / revenue 11.0% 6.3%
63rd		 1.7%
Effective tax rate 22.2% 21.0%
87th		 21.0%

Returns on capital

MeasureMETAIndustry medianIndustry percentileSector median
ROE (on average equity) 29.8% 7.3%
79th		 7.6%
ROA 18.3% 4.0%
81st		 3.1%
ROIC 23.9% 7.6%
81st		 7.6%
ROCE 23.0% 6.9%
77th		 7.2%
Return on tangible assets 24.4% 4.7%
81st		 5.5%
Cash ROIC (OCF / invested capital) 46.0% 32.0%
71st		 15.6%
Gross profitability (GP / assets) 41.5% 40.0%
52nd		 26.4%
ROIC, 3-yr average 37.0% 4.7%
92nd		 4.1%
ROIC, 5-yr average 49.4% 6.3%
83rd		 3.7%
ROE, 5-yr average 27.8% 2.5%
91st		 5.0%
Incremental ROIC 9.3% -0.1%
67th		 1.0%

Growth

MeasureMETAIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 27.7% 13.0%
90th		 7.2%
Revenue growth (QoQ) 8.0% 6.4%
58th		 4.0%
Revenue CAGR, 3 yr 23.7% 12.9%
85th		 5.0%
Revenue CAGR, 5 yr 16.8% 13.8%
67th		 7.4%
Gross profit CAGR, 3 yr 25.5% 10.5%
83rd		 6.4%
Operating income CAGR, 3 yr 44.7% 25.6%
100th		 13.7%
Net income growth (TTM YoY) -4.8% 38.0%
19th		 12.6%
Net income CAGR, 3 yr 44.6% 44.0%
56th		 20.1%
EPS growth (TTM YoY) -4.6% 55.7%
12th		 15.5%
EPS CAGR, 3 yr 45.4% 48.2%
44th		 26.6%
EPS CAGR, 5 yr 14.4% 14.4%
50th		 14.4%
FCF growth (TTM YoY) -18.3% 18.1%
22nd		 20.6%
FCF CAGR, 3 yr 19.5% 22.9%
47th		 16.7%
Operating cash flow CAGR, 3 yr 32.9% 23.3%
68th		 13.1%
Book value CAGR, 3 yr 25.7% 5.8%
78th		 3.9%
Dividend CAGR, 3 yr 1.7% 2.7%
29th		 4.2%
Sustainable growth rate 27.5% 15.5%
71st		 7.7%

Margin history & stability

MeasureMETAIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 81.7% 72.7%
70th		 52.4%
Operating margin, 3-yr average 40.5% 2.0%
100th		 7.5%
Net margin, 3-yr average 34.7% 3.9%
93rd		 4.7%
FCF margin, 3-yr average 26.4% 11.8%
90th		 9.7%
Revenue stability (0-1) 0.89 0.93
40th		 0.83
Earnings stability (0-1) 0.62 0.50
67th		 0.30
Margin stability (0-1) 0.98 0.96
83rd		 0.88

Liquidity (latest quarter)

MeasureMETAIndustry medianIndustry percentileSector median
Cash & short-term investments $90.3B $424.6M
94th		 $479.5M
Net cash (− = net debt) −$22.1B $130.6M
0th		 −$532.8M
Working capital $69.1B $219.9M
94th		 $125.0M
Current ratio 2.23 2.00
65th		 1.28
Quick ratio 2.23 2.00
65th		 1.28
Cash ratio (cash + ST investments / current liabilities) 1.60 1.03
68th		 0.70
Defensive interval (days) 410 days 380 days
55th		 395 days

Leverage & solvency (latest quarter)

MeasureMETAIndustry medianIndustry percentileSector median
Total debt $112.3B $379.7M
94th		 $1.2B
Debt / equity 0.43 0.18
72nd		 0.67
Net debt / equity 0.08 −0.16
76th		 0.37
Debt / assets 25.0% 12.2%
68th		 30.9%
Debt / capital 30.1% 15.0%
72nd		 40.7%
Debt / EBITDA 0.99 0.84
52nd		 3.03
Net debt / EBITDA 0.19 −0.35
75th		 1.41
Interest coverage (EBIT / interest) 39.8x 6.2x
70th		 3.2x
Cash interest coverage 57.1x 23.6x
62nd		 5.5x
Debt payback (years of OCF) 0.9 yrs 1.0 yrs
44th		 2.8 yrs
Liabilities / assets 41.9% 38.4%
58th		 56.1%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 125
13th		 400

Efficiency

MeasureMETAIndustry medianIndustry percentileSector median
Asset turnover 0.61 0.62
48th		 0.52
Fixed asset turnover 0.91 10.70
13th		 3.99
Inventory turnover —
Receivables turnover 11.9 8.3
74th		 8.1
Days sales outstanding 31 days 41 days
28th		 44 days
Days inventory outstanding —
Days payables outstanding 115 days 49 days
77th		 57 days
Cash conversion cycle (days) −84 days 3 days
10th		 1 days
Capex / revenue 39.1% 2.0%
94th		 3.5%
Capex / depreciation 3.93 0.55
90th		 0.60
Operating expense ratio 50.5% 68.3%
38th		 45.3%

Cash flow & earnings quality

MeasureMETAIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.91 1.91
53rd		 2.40
FCF / net income 0.60 1.71
21st		 1.69
FCF / operating cash flow 31.4% 90.1%
11th		 72.9%
Capex / operating cash flow 68.6% 9.9%
89th		 27.1%
Accruals ratio -16.7% -9.6%
32nd		 -8.0%
Sloan accruals ratio 2.7% -5.6%
84th		 -5.6%
Earnings quality score (0-1) 0.75 0.75
21st		 0.75

Dividends & buybacks

MeasureMETAIndustry medianIndustry percentileSector median
Dividend yield 0.3% 0.0%
87th		 0.0%
Dividend per share (TTM) $2.10 $0.00
97th		 $0.00
Payout ratio (dividends / net income) 7.9% 0.0%
84th		 5.7%
Dividends / FCF 13.1% 0.0%
81st		 0.0%
Dividend growth (YoY) 3.6% 3.4%
67th		 3.2%
Buyback yield 0.4% 2.3%
32nd		 1.7%
Shareholder yield (dividends + buybacks) 0.7% 4.1%
29th		 3.5%
Share count change (YoY) -0.2% -0.2%
50th		 -0.8%
Buybacks, last 5 years $117.6B $248.8M
94th		 $152.3M

Scores & forensic checks

MeasureMETAIndustry medianIndustry percentileSector median
IS score 70 57
84th		 44
IS profitability 97 33
90th		 36
IS growth 58 65
40th		 56
IS value 59 49
58th		 44
IS momentum 82 73
63rd		 66
IS risk (safety) 100 65
61st		 30
IS quality 89 69
97th		 58
IS balance sheet 90 79
71st		 48
IS earnings quality 57 52
61st		 58
IS cash flow 52 67
32nd		 56
Piotroski F-score (0-9) 6 6
52nd		 5
Altman Z-score 6.4 2.8
77th		 1.7
Beneish M-score −2.84 −2.67
33rd		 −2.74
Ohlson O-score −11.51 −8.88
16th		 −7.27
IS credit score 95 75
87th		 49

Per share

MeasureMETAIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $26.54 $0.51
100th		 $0.86
Book value per share $101.80 $6.25
97th		 $14.63
Tangible book per share $93.52 $3.38
100th		 $1.25
Revenue per share $88.95 $11.89
100th		 $17.81
FCF per share $15.97 $1.81
100th		 $1.98
Operating cash flow per share $50.78 $1.87
100th		 $2.77
Cash per share $35.18 $2.24
100th		 $3.75

Size (TTM)

MeasureMETAIndustry medianIndustry percentileSector median
Market cap $1.81T $1.9B
94th		 $2.7B
Revenue $228.2B $1.3B
94th		 $1.8B
EBITDA $113.4B $137.4M
94th		 $326.9M
Net income $68.1B $60.0M
94th		 $65.3M
Free cash flow $41.0B $211.2M
94th		 $211.5M
Total assets $450.0B $2.1B
94th		 $3.6B
Shareholders' equity $261.2B $1.1B
94th		 $1.1B
Employees 75,472 1,900
94th		 3,872

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-12Olivan Javier
Chief Operating Officer
 Open-market sale 946$728.10$688,7836,932
2026-10-12Olivan Javier
Chief Operating Officer
 Open-market sale 82$728.10$59,7045,752
2026-10-12Olivan Javier
Chief Operating Officer
 Open-market sale 57$728.10$41,5021,004
2026-10-12Olivan Javier
Chief Operating Officer
 Open-market sale 408$728.10$297,06576,213
2026-10-05Olivan Javier
Chief Operating Officer
 Open-market sale 946$728.08$688,7647,878
2026-10-05Olivan Javier
Chief Operating Officer
 Open-market sale 82$728.08$59,7035,834
2026-10-05Olivan Javier
Chief Operating Officer
 Open-market sale 57$728.08$41,5011,061
2026-10-05Olivan Javier
Chief Operating Officer
 Open-market sale 408$728.08$297,05776,621
2026-09-28Olivan Javier
Chief Operating Officer
 Open-market sale 946$750.42$709,9028,824
2026-09-28Olivan Javier
Chief Operating Officer
 Open-market sale 82$748.91$61,4115,916
2026-09-28Olivan Javier
Chief Operating Officer
 Open-market sale 57$748.91$42,6881,118
2026-09-28Olivan Javier
Chief Operating Officer
 Open-market sale 408$748.91$305,55577,029

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired116,610—
ConversionAcquired6617,405—
ConversionDisposed6617,405—
GiftAcquired29,254,713—
GiftDisposed29,254,713—
Open-market saleDisposed159190,630$127.3M
Option exerciseAcquired70168,651—
Option exerciseDisposed70168,651—
Tax withholdingDisposed1877,886$47.1M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 85 notices · 367,480 shares · $240.4M
FiledFilerShares proposedEst. proceeds
2026-10-13Olivan Javier1,575$1.1M
2026-10-05Olivan Javier1,575$1.1M
2026-09-28Olivan Javier1,575$1.2M
2026-09-24Zuckerberg Mark27,474$21.4M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 60 trades (37 purchases) · Senate 13 (11 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-24Maria Elvira SalazarHouseSale$1,001 - $15,0002026-10-08
2026-09-23Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-22Maria Elvira SalazarHousePurchase$1,001 - $15,0002026-10-08
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-02-13Angus KingSenateSale$1,001 - $15,0002026-03-24
2026-02-13Angus Stanley KingSenateSale$1,001 - $15,0002026-03-24
2025-12-29Markwayne MullinSenatePurchase$50,001 - $100,0002026-01-16
2025-12-29Markwayne MullinSenatePurchase$50,001 - $100,0002026-01-15
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.173,396,976$97.7B6.81%
VANGUARD CAPITAL MANAGEMENT LLC143,440,997$80.8B5.63%
FMR LLC95,895,744$54.0B3.76%
STATE STREET CORP92,033,963$51.8B3.61%
GEODE CAPITAL MANAGEMENT, LLC54,949,893$30.8B2.16%
JPMORGAN CHASE & CO40,995,383$23.1B1.61%
Capital World Investors40,876,883$23.0B1.60%
Capital Research Global Investors39,619,778$22.3B1.56%
VANGUARD PORTFOLIO MANAGEMENT LLC38,386,817$21.6B1.51%
Invesco Ltd.38,370,492$21.6B1.51%
NORGES BANK32,726,903$18.4B1.28%
PRICE T ROWE ASSOCIATES INC /MD/30,793,354$17.3B1.21%
MORGAN STANLEY23,276,047$13.1B0.91%
BANK OF AMERICA CORP /DE/22,090,012$12.4B0.87%
GOLDMAN SACHS GROUP INC20,939,652$11.8B0.82%

Institutional ownership by quarter

2023-092026-0667.4%
% of shares held by 13F filers
2023-092026-065,058
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-305,05867.4%2412,4571,916191
2026-03-315,07164.8%2652,4881,938225
2025-12-315,12668.1%6102,4781,674223
2025-09-304,86164.5%2632,4021,674111
2025-06-304,79766.0%3502,3911,646140
2025-03-314,65765.9%2752,2551,734143
2024-12-314,60966.2%6352,0321,49599
2024-09-304,16165.9%2571,9371,525110
2024-06-304,06365.5%2831,9721,385140
2024-03-313,98165.8%4041,5961,63297
2023-12-313,73066.4%4961,5221,360104
2023-09-303,39865.8%2441,4681,27891

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-06SCHEDULE 13G/AAbigail P. Johnson4.4%96,176,348
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%163,839,861
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-04-07SCHEDULE 13G/AAbigail P. Johnson6.1%134,555,687
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX2.18%$50.8B
VTI2.18%$50.8B
VTSAX2.18%$50.8B
VSMPX2.18%$50.8B
VFFSX2.43%$42.0B
VOO2.43%$42.0B

Share structure

Shares outstanding2,547,506,147
Float2,200,397,791
Free float86.4%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$117.9B$116.6B$134.9B$164.5B$201.0B
Cost of revenue$22.6B$25.2B$26.0B$30.2B$36.2B
Gross profit$95.3B$91.4B$108.9B$134.3B$164.8B
R&D$24.7B$35.3B$38.5B$43.9B$57.4B
SG&A$23.9B$27.1B$23.7B$21.1B$24.1B
Operating income$46.8B$28.9B$46.8B$69.4B$83.3B
EBITDA$55.3B$37.7B$59.1B$86.9B$104.5B
Pretax income$47.3B$28.8B$47.4B$70.7B$85.9B
Income tax$7.9B$5.6B$8.3B$8.3B$25.5B
Net income$39.4B$23.2B$39.1B$62.4B$60.5B
EPS, diluted$13.77$8.59$14.87$23.86$23.49
Diluted shares2.9B2.7B2.6B2.6B2.6B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$48.0B$40.7B$65.4B$77.8B$81.6B
Receivables$14.0B$13.5B$16.2B$17.0B$19.8B
Inventory$0$0$0$0$0
Total current assets$66.7B$59.5B$85.4B$100.0B$108.7B
PP&E, net$70.0B$92.2B$109.9B$136.3B$196.8B
Goodwill & intangibles$19.8B$21.2B$21.4B$21.6B$24.5B
Total assets$166.0B$185.7B$229.6B$276.1B$366.0B
Accounts payable$4.1B$5.0B$4.8B$7.7B$8.9B
Total current liabilities$21.1B$27.0B$32.0B$33.6B$41.8B
Long-term debt$0$9.9B$18.4B$28.8B$58.7B
Total liabilities$41.1B$60.0B$76.5B$93.4B$148.8B
Shareholders' equity$124.9B$125.7B$153.2B$182.6B$217.2B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$39.4B$23.2B$39.1B$62.4B$60.5B
Depreciation & amortization$8.0B$8.7B$11.2B$15.5B$18.6B
Stock-based compensation$9.2B$12.0B$14.0B$16.7B$20.4B
Change in working capital$700.0M$5.7B$3.8B$1.0B−$885.0M
Operating cash flow$57.7B$50.5B$71.1B$91.3B$115.8B
Capital expenditure−$18.6B−$31.4B−$27.3B−$37.3B−$69.7B
Free cash flow$39.1B$19.0B$43.8B$54.1B$46.1B
Investing cash flow−$7.6B−$29.0B−$24.5B−$47.1B−$102.0B
Net debt issued / repaid−$663.0M$9.1B$7.4B$8.5B$27.4B
Buybacks−$44.5B−$28.0B−$19.8B−$30.1B−$26.2B
Dividends paid$0$0$0−$5.1B−$5.3B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin80.8%78.3%80.8%81.7%82.0%
Operating margin39.6%24.8%34.7%42.2%41.4%
Net margin33.4%19.9%29.0%37.9%30.1%
FCF margin33.2%16.3%32.5%32.9%22.9%
ROE31.1%18.5%28.0%37.1%30.2%
ROIC42.9%20.9%30.8%39.8%26.7%
ROA24.2%13.2%18.8%24.7%18.8%
Debt / equity0.110.210.240.270.39
Interest coverage—157.5x107.3x100.0x61.7x
Current ratio3.152.202.672.982.60
Revenue growth+37.2%−1.1%+15.7%+21.9%+22.2%
EPS growth+39.6%−37.5%+69.2%+60.5%−1.5%
P/E at year end23.7x13.6x23.6x24.5x28.1x
EV / EBITDA at year end16.5x8.0x15.2x17.2x16.1x
FCF yield at year end4.18%6.04%4.74%3.54%2.71%
Dividend payout0.0%0.0%0.0%8.1%8.8%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Family of Apps$115.7B$114.5B$133.0B$162.4B$198.8B
Advertising$114.9B$113.6B$131.9B$160.6B$196.2B
Other revenue$721.0M$808.0M$1.1B$1.7B$2.6B
Reality Labs$2.3B$2.2B$1.9B$2.1B$2.2B

Revenue by region · FY2025

US & Canada$78.9B · 29%
UNITED STATES$74.8B · 27%
Asia Pacific$53.8B · 20%
Europe$46.6B · 17%
Rest Of World$21.7B · 8%

Street estimates by fiscal year

Next report 2026-10-21 · consensus EPS $6.58 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$254.2B$251.8B – $258.1B$30.81$27.35 – $32.204223.0x
2027$306.1B$295.7B – $326.6B$34.01$31.39 – $36.654120.9x
2028$362.5B$327.1B – $457.1B$39.47$31.01 – $54.804018.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-29$7.19$6.18−14.0%$60.2B$60.8B+1.0%
2026-04-29$6.70$7.31+9.1%$55.6B$56.3B+1.4%
2026-01-28$8.19$8.88+8.4%$58.3B$59.9B+2.7%
2025-10-29$6.72$7.25+7.9%$49.5B$51.2B+3.5%
2025-07-30$5.88$7.14+21.4%$44.8B$47.5B+6.0%
2025-04-30$5.23$6.43+22.9%$41.3B$42.3B+2.4%
2025-01-29$6.75$8.02+18.8%$47.0B$48.4B+2.9%
2024-10-30$5.25$6.03+14.9%$40.2B$40.6B+1.0%
2024-07-31$4.73$5.16+9.1%$38.3B$39.1B+2.1%
2024-04-24$4.32$4.71+9.0%$36.1B$36.5B+0.9%
2024-02-01$4.96$5.33+7.5%$39.2B$40.1B+2.4%
2023-10-25$3.63$4.39+20.9%$31.6B$34.1B+7.9%
2023-07-26$2.92$2.98+2.1%$28.0B$32.0B+14.4%
2023-04-26$2.03$2.20+8.4%$27.7B$28.6B+3.6%
2023-02-01$2.22$1.76−20.7%$31.6B$32.2B+1.9%
2022-10-26$1.89$1.64−13.2%$27.4B$27.7B+1.0%
2022-07-27$2.59$2.46−5.0%$28.9B$28.8B−0.3%
2022-04-27$2.56$2.72+6.3%$28.3B$27.9B−1.3%
2022-02-02$3.84$3.67−4.4%$33.4B$33.7B+0.9%
2021-10-25$3.19$3.22+0.9%$29.5B$29.0B−1.8%
2021-07-28$3.03$3.61+19.1%$29.5B$29.1B−1.4%
2021-04-28$2.37$3.30+39.2%$23.5B$26.2B+11.3%
2021-01-27$3.22$3.88+20.5%$22.3B$28.1B+25.8%
2020-10-29$1.91$2.40+25.7%$15.1B$21.5B+41.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
7.606-157.806-2212.006-2915.007-0613.307-138.207-2013.207-2710.008-036.808-1010.008-178.708-248.008-31
Week ofNotionalSharesTrades
2026-08-31$8.0B13,515,445368,421
2026-08-24$8.7B15,280,741383,705
2026-08-17$10.0B18,042,010438,898
2026-08-10$6.8B11,419,178317,779
2026-08-03$10.0B16,922,518399,805
2026-07-27$13.2B23,603,753522,832

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1527.0%
DateShort shareShort volumeTotal volume
2026-10-1527.0%1,732,6946,421,359
2026-10-1430.2%2,108,9716,986,011
2026-10-1336.0%3,797,77210,559,947
2026-10-1237.4%4,024,10310,752,719
2026-10-0944.4%2,428,0325,469,595
2026-10-0838.4%2,025,6875,280,655
2026-10-0737.7%2,025,7295,376,764
2026-10-0646.2%1,829,6543,961,771
2026-10-0549.3%2,594,6665,264,277
2026-10-0239.8%1,970,1914,952,915
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+7.9Jan-1.6Feb-0.6Mar+4.1Apr+0.4May+3.8Jun+4.6Jul+1.2Aug+1.1Sep-2.6Oct+3.9Nov+1.9Dec
MonthAvg returnUp yearsYears
Jan+7.9%71%14
Feb−1.6%36%14
Mar−0.6%50%14
Apr+4.1%62%13
May+0.4%64%14
Jun+3.8%71%14
Jul+4.6%71%14
Aug+1.2%64%14
Sep+1.1%50%14
Oct−2.6%29%14
Nov+3.9%64%14
Dec+1.9%50%14
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1450.2
MFI52.6
ADX34.5
Stochastic %K / %D31.7 / 46.5
Williams %R-90.3
CCI-116
TSI / signal19.5 / 26.5
Chaikin money flow-0.06
ATR$25.30
Bollinger width8.6%
Volume vs 20-day avg0.92x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$735.77 (−3.6%)
SMA 50$655.15 (+8.3%)
SMA 200$631.90 (+12.3%)
EMA 21$717.92 (−1.2%)
EMA 50$678.95 (+4.5%)
EMA 200$642.08 (+10.5%)
Bollinger upper$767.47 (−7.6%)
Bollinger lower$704.08 (+0.7%)
Parabolic SAR$771.27 (−8.0%)
Open the live chart, 110+ indicators

About Meta Platforms, Inc.

Meta Platforms Inc., which operated as Facebook, Inc. until its October 2021 rebranding, is a technology enterprise focused on developing innovative products that empower people globally to connect and share with their friends and family. These services are accessible across a variety of digital platforms, including mobile phones, personal computers, virtual reality devices, and wearables. The company's activities are organized into two principal divisions: the Family of Apps and Reality Labs. The Family of Apps segment encompasses well-known platforms such as: Facebook, where users can share content, participate in discussions, explore new interests, and build connections. Instagram, a vibrant community dedicated to sharing visual media like photos and videos, sending private messages, and utilizing features such as user feeds, ephemeral stories, short video reels, live streams, and integrated shopping functionalities. Messenger, a dedicated application that facilitates text, audio, and video communications, enabling individuals to communicate with their social networks, communities, and even businesses across different devices and operating systems. WhatsApp, a widely adopted and secure messaging service employed by individuals and enterprises for private communication and financial transactions. The Reality Labs division concentrates on pioneering augmented and virtual reality technologies. This segment is responsible for creating consumer-grade hardware, sophisticated software, and engaging content, all aimed at fostering a sense of connection among people, regardless of their physical location or time zone. Meta Platforms Inc. was founded in 2004 and its corporate headquarters are situated in Menlo Park, California.

https://www.meta.com

Key executives

NameTitlePayBorn
Mark Elliot ZuckerbergFounder, Chairman & Chief Executive Officer$25.1M1984
Javier OlivanChief Operating Officer$6.1M1977
Andrew BosworthChief Technology Officer$3.6M1982
Susan J. LiChief Financial Officer$3.4M1986
Christopher K. CoxChief Product Officer$3.3M1983
Dana WhiteIndependent Director$68,1051970
Dina Powell McCormickPresident & Vice Chairman$51,2431974
Henry T. A. MonizChief Compliance Officer—1965

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Mark Zuckerberg Chief Executive Officer2025$1$0$0$25.1M
Javier Olivan Chief Operating Officer2025$1.2M$18.4M$0$24.5M
Andrew Bosworth Chief Technology Officer2025$998,570$18.4M$0$22.0M
Christopher K. Cox Chief Product Officer2025$999,039$18.4M$0$21.7M
Susan Li Chief Financial Officer2025$989,423$16.7M$0$20.1M

Employees

36k201845k201959k202072k202186k202267k202374k202479k2025

Dividends

Ex-dateAmountPaid
2026-09-21$0.5252026-09-28
2026-06-15$0.5252026-06-25
2026-03-16$0.5252026-03-26
2025-12-15$0.5252025-12-23
2025-09-22$0.5252025-09-29
2025-06-16$0.5252025-06-26
2025-03-14$0.5252025-03-26
2024-12-16$0.52024-12-27

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage79
Intangibles75
Switching costs47
Network effect50
Efficient scale100
Our component scores (0-100) and overall 68.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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