M

Meta Platforms, Inc.

META · CIK 0001326801

16 fiscal years · 57 SEC filings · every number carries its receipt

Revenue (FY)
$200.97B22.2%
FY2025
Net income (FY)
$60.46B3.1%
FY2025
Free cash flow (FY)
$46.11B14.7%
FY2025
Diluted EPS (FY)
$23.491.6%
FY2025
The story, charted

The shape of the business

FY2010–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$100B$200BFY2010 · Revenue $1.97B · Net income $606.0M · 0001326801-13-000003 · filed 2013-02-01FY10Revenue $1.97BNet income $606.0M0001326801-13-000003 · filed 2013-02-01FY2011 · Revenue $3.71B · Net income $1.00B · 0001326801-14-000007 · filed 2014-01-31FY11Revenue $3.71BNet income $1.00B0001326801-14-000007 · filed 2014-01-31FY2012 · Revenue $5.09B · Net income $53.0M · 0001326801-15-000006 · filed 2015-01-29FY12Revenue $5.09BNet income $53.0M0001326801-15-000006 · filed 2015-01-29FY2013 · Revenue $7.87B · Net income $1.50B · 0001326801-16-000043 · filed 2016-01-28FY13Revenue $7.87BNet income $1.50B0001326801-16-000043 · filed 2016-01-28FY2014 · Revenue $12.47B · Net income $2.94B · 0001326801-17-000007 · filed 2017-02-03FY14Revenue $12.47BNet income $2.94B0001326801-17-000007 · filed 2017-02-03FY2015 · Revenue $17.93B · Net income $3.69B · 0001326801-18-000009 · filed 2018-02-01FY15Revenue $17.93BNet income $3.69B0001326801-18-000009 · filed 2018-02-01FY2016 · Revenue $27.64B · Net income $10.22B · 0001326801-19-000009 · filed 2019-01-31FY16Revenue $27.64BNet income $10.22B0001326801-19-000009 · filed 2019-01-31FY2017 · Revenue $40.65B · Net income $15.93B · 0001326801-20-000013 · filed 2020-01-30FY17Revenue $40.65BNet income $15.93B0001326801-20-000013 · filed 2020-01-30FY2018 · Revenue $55.84B · Net income $22.11B · 0001326801-21-000014 · filed 2021-01-28FY18Revenue $55.84BNet income $22.11B0001326801-21-000014 · filed 2021-01-28FY2019 · Revenue $70.70B · Net income $18.48B · 0001326801-22-000018 · filed 2022-02-03FY19Revenue $70.70BNet income $18.48B0001326801-22-000018 · filed 2022-02-03FY2020 · Revenue $85.97B · Net income $29.15B · 0001326801-23-000013 · filed 2023-02-02FY20Revenue $85.97BNet income $29.15B0001326801-23-000013 · filed 2023-02-02FY2021 · Revenue $117.93B · Net income $39.37B · 0001326801-24-000012 · filed 2024-02-02FY21Revenue $117.93BNet income $39.37B0001326801-24-000012 · filed 2024-02-02FY2022 · Revenue $116.61B · Net income $23.20B · 0001326801-25-000017 · filed 2025-01-30FY22Revenue $116.61BNet income $23.20B0001326801-25-000017 · filed 2025-01-30FY2023 · Revenue $134.90B · Net income $39.10B · 0001628280-26-003942 · filed 2026-01-29FY23Revenue $134.90BNet income $39.10B0001628280-26-003942 · filed 2026-01-29FY2024 · Revenue $164.50B · Net income $62.36B · 0001628280-26-003942 · filed 2026-01-29FY24Revenue $164.50BNet income $62.36B0001628280-26-003942 · filed 2026-01-29FY2025 · Revenue $200.97B · Net income $60.46B · 0001628280-26-003942 · filed 2026-01-29FY25Revenue $200.97BNet income $60.46B0001628280-26-003942 · filed 2026-01-29FY25Revenue $200.97BNet income $60.46B0001628280-26-003942 · filed 2026-01-29FY11FY13FY15FY17FY19FY21FY23FY25

revenue 101.8× since FY2010 · net margin 30.7% → 30.1%

MarginsNet marginFCF margin
0%20%40%FY2010 · Net margin 30.7% · FCF margin 20.5%FY10Net margin 30.7%FCF margin 20.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 26.9% · FCF margin 25.4%FY11Net margin 26.9%FCF margin 25.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 1.0% · FCF margin 7.4%FY12Net margin 1.0%FCF margin 7.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 19.1% · FCF margin 36.3%FY13Net margin 19.1%FCF margin 36.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 23.6% · FCF margin 44.1%FY14Net margin 23.6%FCF margin 44.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 20.6% · FCF margin 43.5%FY15Net margin 20.6%FCF margin 43.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 37.0% · FCF margin 42.0%FY16Net margin 37.0%FCF margin 42.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 39.2% · FCF margin 43.0%FY17Net margin 39.2%FCF margin 43.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 39.6% · FCF margin 27.5%FY18Net margin 39.6%FCF margin 27.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 26.1% · FCF margin 30.0%FY19Net margin 26.1%FCF margin 30.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 33.9% · FCF margin 27.4%FY20Net margin 33.9%FCF margin 27.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 33.4% · FCF margin 33.1%FY21Net margin 33.4%FCF margin 33.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 19.9% · FCF margin 16.5%FY22Net margin 19.9%FCF margin 16.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 29.0% · FCF margin 32.7%FY23Net margin 29.0%FCF margin 32.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 37.9% · FCF margin 32.9%FY24Net margin 37.9%FCF margin 32.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 30.1% · FCF margin 22.9%FY25Net margin 30.1%FCF margin 22.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 30.1%FCF margin 22.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’13’17’21’25

FY2025: net 30.1% · free cash flow 22.9% of revenue

Cash engineOperating cash flowFree cash flow
$0$50B$100BFY2010 · OCF $698.0M · FCF $405.0M · 0001326801-13-000003 · filed 2013-02-01FY10OCF $698.0MFCF $405.0M0001326801-13-000003 · filed 2013-02-01FY2011 · OCF $1.55B · FCF $943.0M · 0001326801-14-000007 · filed 2014-01-31FY11OCF $1.55BFCF $943.0M0001326801-14-000007 · filed 2014-01-31FY2012 · OCF $1.61B · FCF $377.0M · 0001326801-15-000006 · filed 2015-01-29FY12OCF $1.61BFCF $377.0M0001326801-15-000006 · filed 2015-01-29FY2013 · OCF $4.22B · FCF $2.86B · 0001326801-16-000043 · filed 2016-01-28FY13OCF $4.22BFCF $2.86B0001326801-16-000043 · filed 2016-01-28FY2014 · OCF $7.33B · FCF $5.50B · 0001326801-17-000007 · filed 2017-02-03FY14OCF $7.33BFCF $5.50B0001326801-17-000007 · filed 2017-02-03FY2015 · OCF $10.32B · FCF $7.80B · 0001326801-18-000009 · filed 2018-02-01FY15OCF $10.32BFCF $7.80B0001326801-18-000009 · filed 2018-02-01FY2016 · OCF $16.11B · FCF $11.62B · 0001326801-19-000009 · filed 2019-01-31FY16OCF $16.11BFCF $11.62B0001326801-19-000009 · filed 2019-01-31FY2017 · OCF $24.22B · FCF $17.48B · 0001326801-20-000013 · filed 2020-01-30FY17OCF $24.22BFCF $17.48B0001326801-20-000013 · filed 2020-01-30FY2018 · OCF $29.27B · FCF $15.36B · 0001326801-21-000014 · filed 2021-01-28FY18OCF $29.27BFCF $15.36B0001326801-21-000014 · filed 2021-01-28FY2019 · OCF $36.31B · FCF $21.21B · 0001326801-22-000018 · filed 2022-02-03FY19OCF $36.31BFCF $21.21B0001326801-22-000018 · filed 2022-02-03FY2020 · OCF $38.75B · FCF $23.58B · 0001326801-23-000013 · filed 2023-02-02FY20OCF $38.75BFCF $23.58B0001326801-23-000013 · filed 2023-02-02FY2021 · OCF $57.68B · FCF $38.99B · 0001326801-24-000012 · filed 2024-02-02FY21OCF $57.68BFCF $38.99B0001326801-24-000012 · filed 2024-02-02FY2022 · OCF $50.48B · FCF $19.29B · 0001326801-25-000017 · filed 2025-01-30FY22OCF $50.48BFCF $19.29B0001326801-25-000017 · filed 2025-01-30FY2023 · OCF $71.11B · FCF $44.07B · 0001628280-26-003942 · filed 2026-01-29FY23OCF $71.11BFCF $44.07B0001628280-26-003942 · filed 2026-01-29FY2024 · OCF $91.33B · FCF $54.07B · 0001628280-26-003942 · filed 2026-01-29FY24OCF $91.33BFCF $54.07B0001628280-26-003942 · filed 2026-01-29FY2025 · OCF $115.80B · FCF $46.11B · 0001628280-26-003942 · filed 2026-01-29FY25OCF $115.80BFCF $46.11B0001628280-26-003942 · filed 2026-01-29FY25OCF $115.80BFCF $46.11B0001628280-26-003942 · filed 2026-01-29’13’17’21’25

FY2025: $115.80B operating cash − $69.69B capex = $46.11B free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%30%FY2011 · ROE 20.4% · ROA 15.8%FY11ROE 20.4%ROA 15.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 0.5% · ROA 0.4%FY12ROE 0.5%ROA 0.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 9.7% · ROA 8.4%FY13ROE 9.7%ROA 8.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 8.1% · ROA 7.4%FY14ROE 8.1%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 8.3% · ROA 7.5%FY15ROE 8.3%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 17.3% · ROA 15.7%FY16ROE 17.3%ROA 15.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 21.4% · ROA 18.9%FY17ROE 21.4%ROA 18.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 26.3% · ROA 22.7%FY18ROE 26.3%ROA 22.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 18.3% · ROA 13.9%FY19ROE 18.3%ROA 13.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 22.7% · ROA 18.3%FY20ROE 22.7%ROA 18.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 31.5% · ROA 23.7%FY21ROE 31.5%ROA 23.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 18.5% · ROA 12.5%FY22ROE 18.5%ROA 12.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 25.5% · ROA 17.0%FY23ROE 25.5%ROA 17.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 34.1% · ROA 22.6%FY24ROE 34.1%ROA 22.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 27.8% · ROA 16.5%FY25ROE 27.8%ROA 16.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 27.8%ROA 16.5%derived: net income ÷ equity · derived: net income ÷ assets’13’16’19’22’25

return on equity 20% (FY2011) → 28% (FY2025) · on assets 16.5%

Balance sheetLiabilitiesEquity
$0$100B$200B$300BFY2011 · Liabilities $1.43B · Equity $4.90BFY11Liabilities $1.43BEquity $4.90B0001326801-13-000003 · filed 2013-02-01FY2012 · Liabilities $3.35B · Equity $11.76BFY12Liabilities $3.35BEquity $11.76B0001326801-14-000007 · filed 2014-01-31FY2013 · Liabilities $2.42B · Equity $15.47BFY13Liabilities $2.42BEquity $15.47B0001326801-15-000006 · filed 2015-01-29FY2014 · Liabilities $3.87B · Equity $36.10BFY14Liabilities $3.87BEquity $36.10B0001326801-16-000043 · filed 2016-01-28FY2015 · Liabilities $5.19B · Equity $44.22BFY15Liabilities $5.19BEquity $44.22B0001326801-17-000007 · filed 2017-02-03FY2016 · Liabilities $5.77B · Equity $59.19BFY16Liabilities $5.77BEquity $59.19B0001326801-18-000009 · filed 2018-02-01FY2017 · Liabilities $10.18B · Equity $74.35BFY17Liabilities $10.18BEquity $74.35B0001326801-19-000009 · filed 2019-01-31FY2018 · Liabilities $13.21B · Equity $84.13BFY18Liabilities $13.21BEquity $84.13B0001326801-20-000013 · filed 2020-01-30FY2019 · Liabilities $32.32B · Equity $101.05BFY19Liabilities $32.32BEquity $101.05B0001326801-21-000014 · filed 2021-01-28FY2020 · Liabilities $31.03B · Equity $128.29BFY20Liabilities $31.03BEquity $128.29B0001326801-22-000018 · filed 2022-02-03FY2021 · Liabilities $41.11B · Equity $124.88BFY21Liabilities $41.11BEquity $124.88B0001326801-23-000013 · filed 2023-02-02FY2022 · Liabilities $60.01B · Equity $125.71BFY22Liabilities $60.01BEquity $125.71B0001326801-24-000012 · filed 2024-02-02FY2023 · Liabilities $76.45B · Equity $153.17BFY23Liabilities $76.45BEquity $153.17B0001326801-25-000017 · filed 2025-01-30FY2024 · Liabilities $93.42B · Equity $182.64BFY24Liabilities $93.42BEquity $182.64B0001628280-26-003942 · filed 2026-01-29FY2025 · Liabilities $148.78B · Equity $217.24BFY25Liabilities $148.78BEquity $217.24B0001628280-26-003942 · filed 2026-01-29FY25Liabilities $148.78BEquity $217.24B0001628280-26-003942 · filed 2026-01-29’13’16’19’22’25

FY2025: $366.02B assets · $148.78B liabilities · $217.24B equity

The receipts

Financial statements

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.