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Meta Platforms Inc. (Facebook)

META Clue Score62
United States Fiscal year ends December CIK 0001326801
$742.96 +3.38% Close, 12 Oct 2026
Price $742.96 +129.47% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue27.64Operating income12.43Net income10.22EPS, diluted3.49Fiscal year 2017Revenue40.65 +47.1%Operating income20.20Net income15.93 +56.0%EPS, diluted5.39 +54.4%Fiscal year 2018Revenue55.84 +37.4%Operating income24.91Net income22.11 +38.8%EPS, diluted7.57 +40.4%Fiscal year 2019Revenue70.70 +26.6%Operating income23.99Net income18.49 −16.4%EPS, diluted6.43 −15.1%Fiscal year 2020Revenue85.97 +21.6%Operating income32.67Net income29.15 +57.7%EPS, diluted10.09 +56.9%Fiscal year 2021Revenue117.93 +37.2%Operating income46.75Net income39.37 +35.1%EPS, diluted13.77 +36.5%Fiscal year 2022Revenue116.61 −1.1%Operating income28.94Net income23.20 −41.1%EPS, diluted8.59 −37.6%Fiscal year 2023Revenue134.90 +15.7%Operating income46.75Net income39.10 +68.5%EPS, diluted14.87 +73.1%Fiscal year 2024Revenue164.50 +21.9%Operating income69.38Net income62.36 +59.5%EPS, diluted23.86 +60.5%Fiscal year 2025Revenue200.97 +22.2%Operating income83.28Net income60.46 −3.1%EPS, diluted23.49 −1.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 27.64 40.65 55.84 70.70 85.97 117.93 116.61 134.90 164.50 200.97
Growth +47.1% +37.4% +26.6% +21.6% +37.2% −1.1% +15.7% +21.9% +22.2%
Operating income 12.43 20.20 24.91 23.99 32.67 46.75 28.94 46.75 69.38 83.28
Net income 10.22 15.93 22.11 18.49 29.15 39.37 23.20 39.10 62.36 60.46
Growth +56.0% +38.8% −16.4% +57.7% +35.1% −41.1% +68.5% +59.5% −3.1%
EPS, diluted 3.49 5.39 7.57 6.43 10.09 13.77 8.59 14.87 23.86 23.49
Growth +54.4% +40.4% −15.1% +56.9% +36.5% −37.6% +73.1% +60.5% −1.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin45.0%Net margin37.0%Free cash flow margin42.0%Fiscal year 2017Operating margin49.7%Net margin39.2%Free cash flow margin43.0%Fiscal year 2018Operating margin44.6%Net margin39.6%Free cash flow margin27.5%Fiscal year 2019Operating margin33.9%Net margin26.1%Free cash flow margin30.0%Fiscal year 2020Operating margin38.0%Net margin33.9%Free cash flow margin27.4%Fiscal year 2021Operating margin39.6%Net margin33.4%Free cash flow margin33.1%Fiscal year 2022Operating margin24.8%Net margin19.9%Free cash flow margin16.5%Fiscal year 2023Operating margin34.7%Net margin29.0%Free cash flow margin32.7%Fiscal year 2024Operating margin42.2%Net margin37.9%Free cash flow margin32.9%Fiscal year 2025Operating margin41.4%Net margin30.1%Free cash flow margin22.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 45.0% 49.7% 44.6% 33.9% 38.0% 39.6% 24.8% 34.7% 42.2% 41.4%
Net margin 37.0% 39.2% 39.6% 26.1% 33.9% 33.4% 19.9% 29.0% 37.9% 30.1%
Free cash flow margin 42.0% 43.0% 27.5% 30.0% 27.4% 33.1% 16.5% 32.7% 32.9% 22.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow16.11Capital expenditure−4.49Free cash flow11.62Buybacks0.00Fiscal year 2017Operating cash flow24.22Capital expenditure−6.73Free cash flow17.48 +50.5%Buybacks−1.98Fiscal year 2018Operating cash flow29.27Capital expenditure−13.92Free cash flow15.36 −12.1%Buybacks−12.88Fiscal year 2019Operating cash flow36.31Capital expenditure−15.10Free cash flow21.21 +38.1%Buybacks−4.20Fiscal year 2020Operating cash flow38.75Capital expenditure−15.16Free cash flow23.58 +11.2%Buybacks−6.27Fiscal year 2021Operating cash flow57.68Capital expenditure−18.69Free cash flow38.99 +65.3%Buybacks−44.54Fiscal year 2022Operating cash flow50.48Capital expenditure−31.19Free cash flow19.29 −50.5%Buybacks−27.96Dividends paid0.00Fiscal year 2023Operating cash flow71.11Capital expenditure−27.05Free cash flow44.07 +128.5%Buybacks−19.77Dividends paid0.00Fiscal year 2024Operating cash flow91.33Capital expenditure−37.26Free cash flow54.07 +22.7%Buybacks−30.13Dividends paid−5.07Fiscal year 2025Operating cash flow115.80Capital expenditure−69.69Free cash flow46.11 −14.7%Buybacks−26.25Dividends paid−5.32
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 16.11 24.22 29.27 36.31 38.75 57.68 50.48 71.11 91.33 115.80
Capital expenditure −4.49 −6.73 −13.92 −15.10 −15.16 −18.69 −31.19 −27.05 −37.26 −69.69
Free cash flow 11.62 17.48 15.36 21.21 23.58 38.99 19.29 44.07 54.07 46.11
Growth +50.5% −12.1% +38.1% +11.2% +65.3% −50.5% +128.5% +22.7% −14.7%
Buybacks 0.00 −1.98 −12.88 −4.20 −6.27 −44.54 −27.96 −19.77 −30.13 −26.25
Dividends paid n/a n/a n/a n/a n/a n/a 0.00 0.00 −5.07 −5.32

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash8.90Shareholders’ equity59.19Fiscal year 2017Cash8.08Shareholders’ equity74.35Fiscal year 2018Cash10.02Shareholders’ equity84.13Fiscal year 2019Cash19.08Shareholders’ equity101.05Fiscal year 2020Cash17.58Shareholders’ equity128.29Fiscal year 2021Cash16.60Total debt0.00Net cash (debt)16.60Shareholders’ equity124.88Debt to equity0.00Fiscal year 2022Cash14.68Total debt9.92Net cash (debt)4.76Shareholders’ equity125.71Debt to equity0.08Fiscal year 2023Cash41.86Total debt18.39Net cash (debt)23.48Shareholders’ equity153.17Debt to equity0.12Fiscal year 2024Cash43.89Total debt28.83Net cash (debt)15.06Shareholders’ equity182.64Debt to equity0.16Fiscal year 2025Cash35.87Total debt58.74Net cash (debt)−22.87Shareholders’ equity217.24Debt to equity0.27
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 8.90 8.08 10.02 19.08 17.58 16.60 14.68 41.86 43.89 35.87
Total debt n/a n/a n/a n/a n/a 0.00 9.92 18.39 28.83 58.74
Net cash (debt) n/a n/a n/a n/a n/a 16.60 4.76 23.48 15.06 −22.87
Shareholders’ equity 59.19 74.35 84.13 101.05 128.29 124.88 125.71 153.17 182.64 217.24
Debt to equity n/a n/a n/a n/a n/a 0.00 0.08 0.12 0.16 0.27

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
8.90 8.08 10.02 19.08 17.58 16.60 14.68 41.86 43.89 35.87
3.99 5.83 7.59 9.52 11.34 14.04 13.47 16.17 16.99 19.77
8.59 13.72 24.68 35.32 n/a n/a n/a n/a n/a n/a
18.12 18.22 18.30 18.72 19.05 19.20 20.31 20.65 20.65 24.53
64.96 84.52 97.33 133.38 159.32 165.99 185.73 229.62 276.05 366.02
Growth +30.1% +15.2% +37.0% +19.4% +4.2% +11.9% +23.6% +20.2% +32.6%
Liabilities
n/a n/a n/a n/a n/a 0.00 9.92 18.39 28.83 58.74
calc n/a n/a n/a n/a n/a 0.00 9.92 18.39 28.83 58.74
5.77 10.18 13.21 32.32 31.03 41.11 60.01 76.46 93.42 148.78
Equity
21.67 33.99 41.98 55.69 77.35 69.76 64.80 82.07 102.51 121.18
59.19 74.35 84.13 101.05 128.29 124.88 125.71 153.17 182.64 217.24
Growth +25.6% +13.2% +20.1% +27.0% −2.7% +0.7% +21.8% +19.2% +18.9%
Per share and net cash
calc n/a n/a n/a n/a n/a 16.60 4.76 23.48 15.06 −22.87

Lines marked calc are worked out here from filed figures; point at one for how.