Meta Platforms, Inc. (NEO: META)

Meta Platforms Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	164,501	134,902	116,609	117,929	85,965
Revenue Growth (YoY)	21.94%	15.69%	-1.12%	37.18%	21.60%
Cost of Revenue	30,130	26,006	23,754	22,649	16,692
Gross Profit	134,371	108,896	92,855	95,280	69,273
Selling, General & Admin	20,983	22,979	25,681	23,872	18,155
Research & Development	43,619	36,911	33,619	24,655	18,447
Operating Expenses	64,602	59,890	59,300	48,527	36,602
Operating Income	69,769	49,006	33,555	46,753	32,671
Interest Expense	-715	-446	-185	-23	-
Interest & Investment Income	2,517	1,639	461	484	672
Currency Exchange Gain (Loss)	-690	-366	-81	-140	-129
Other Non Operating Income (Expenses)	213	-49	127	210	-34
EBT Excluding Unusual Items	71,094	49,784	33,877	47,284	33,180
Merger & Restructuring Charges	-389	-2,255	-4,611	-	-
Gain (Loss) on Sale of Investments	-42	-101	-447	-	-
Pretax Income	70,663	47,428	28,819	47,284	33,180
Income Tax Expense	8,303	8,330	5,619	7,914	4,034
Net Income	62,360	39,098	23,200	39,370	29,146
Net Income to Common	62,360	39,098	23,200	39,370	29,146
Net Income Growth	59.50%	68.53%	-41.07%	35.08%	57.67%
Shares Outstanding (Basic)	2,534	2,574	2,687	2,815	2,851
Shares Outstanding (Diluted)	2,614	2,629	2,702	2,859	2,888
Shares Change (YoY)	-0.57%	-2.70%	-5.49%	-1.00%	0.42%
EPS (Basic)	24.61	15.19	8.63	13.99	10.22
EPS (Diluted)	23.86	14.87	8.59	13.77	10.09
EPS Growth	60.46%	73.11%	-37.62%	36.47%	56.92%
Free Cash Flow	54,072	44,068	19,289	38,993	23,584
Free Cash Flow Per Share	20.69	16.76	7.14	13.64	8.17
Dividend Per Share	2.000	-	-	-	-
Gross Margin	81.68%	80.72%	79.63%	80.79%	80.58%
Operating Margin	42.41%	36.33%	28.78%	39.65%	38.01%
Profit Margin	37.91%	28.98%	19.90%	33.38%	33.90%
Free Cash Flow Margin	32.87%	32.67%	16.54%	33.06%	27.43%
EBITDA	85,267	60,184	42,241	54,720	39,533
EBITDA Margin	51.83%	44.61%	36.22%	46.40%	45.99%
D&A For EBITDA	15,498	11,178	8,686	7,967	6,862
EBIT	69,769	49,006	33,555	46,753	32,671
EBIT Margin	42.41%	36.33%	28.78%	39.65%	38.01%
Effective Tax Rate	11.75%	17.56%	19.50%	16.74%	12.16%
Advertising Expenses	2,060	2,020	2,650	2,990	2,260

Source: S&P Capital IQ. Standard template. Financial Sources.