Meta Platforms, Inc. (META)

Meta Platforms Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	170,360	164,501	134,902	116,609	117,929	85,965
Revenue Growth (YoY)	19.37%	21.94%	15.69%	-1.12%	37.18%	21.60%
Cost of Revenue	31,062	30,130	26,006	23,754	22,649	16,692
Gross Profit	139,298	134,371	108,896	92,855	95,280	69,273
Selling, General & Admin	21,551	22,533	22,979	25,681	23,872	18,155
Research & Development	45,791	43,619	36,911	33,619	24,655	18,447
Operating Expenses	67,342	66,152	59,890	59,300	48,527	36,602
Operating Income	71,956	68,219	49,006	33,555	46,753	32,671
Interest Expense	-828	-715	-446	-185	-23	-
Interest & Investment Income	2,590	2,517	1,639	461	484	672
Currency Exchange Gain (Loss)	-310	-690	-366	-81	-140	-129
Other Non Operating Income (Expenses)	335	213	-49	127	210	-34
EBT Excluding Unusual Items	73,743	69,544	49,784	33,877	47,284	33,180
Merger & Restructuring Charges	-389	-389	-2,255	-4,611	-	-
Gain (Loss) on Sale of Investments	-42	-42	-101	-447	-	-
Legal Settlements	1,550	1,550	-	-	-	-
Pretax Income	74,862	70,663	47,428	28,819	47,284	33,180
Income Tax Expense	8,227	8,303	8,330	5,619	7,914	4,034
Net Income	66,635	62,360	39,098	23,200	39,370	29,146
Net Income to Common	66,635	62,360	39,098	23,200	39,370	29,146
Net Income Growth	45.63%	59.50%	68.53%	-41.07%	35.08%	57.67%
Shares Outstanding (Basic)	2,530	2,534	2,574	2,687	2,815	2,851
Shares Outstanding (Diluted)	2,605	2,614	2,629	2,702	2,859	2,888
Shares Change (YoY)	-1.18%	-0.57%	-2.70%	-5.49%	-1.00%	0.42%
EPS (Basic)	26.34	24.61	15.19	8.63	13.99	10.22
EPS (Diluted)	25.59	23.86	14.87	8.59	13.77	10.09
EPS Growth	47.45%	60.46%	73.11%	-37.62%	36.47%	56.92%
Free Cash Flow	52,311	54,072	44,068	19,289	38,993	23,584
Free Cash Flow Per Share	20.08	20.69	16.76	7.14	13.64	8.17
Dividend Per Share	2.025	2.000	-	-	-	-
Gross Margin	81.77%	81.68%	80.72%	79.63%	80.79%	80.58%
Operating Margin	42.24%	41.47%	36.33%	28.78%	39.65%	38.01%
Profit Margin	39.11%	37.91%	28.98%	19.90%	33.38%	33.90%
Free Cash Flow Margin	30.71%	32.87%	32.67%	16.54%	33.06%	27.43%
EBITDA	87,980	83,717	60,184	42,241	54,720	39,533
EBITDA Margin	51.64%	50.89%	44.61%	36.22%	46.40%	45.99%
D&A For EBITDA	16,024	15,498	11,178	8,686	7,967	6,862
EBIT	71,956	68,219	49,006	33,555	46,753	32,671
EBIT Margin	42.24%	41.47%	36.33%	28.78%	39.65%	38.01%
Effective Tax Rate	10.99%	11.75%	17.56%	19.50%	16.74%	12.16%
Advertising Expenses	-	2,060	2,020	2,650	2,990	2,260

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q