Meta Platforms Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2009
Revenue	134,902	116,609	117,929	85,965	70,697	Upgrade
Revenue Growth (YoY)	15.69%	-1.12%	37.18%	21.60%	26.61%	Upgrade
Cost of Revenue	25,959	25,249	22,649	16,692	12,770	Upgrade
Gross Profit	108,943	91,360	95,280	69,273	57,927	Upgrade
Selling, General & Admin	23,709	27,078	23,872	18,155	20,341	Upgrade
Research & Development	38,483	35,338	24,655	18,447	13,600	Upgrade
Operating Expenses	62,192	62,416	48,527	36,602	33,941	Upgrade
Operating Income	46,751	28,944	46,753	32,671	23,986	Upgrade
Other Expense / Income	-677	125	-531	-509	-826	Upgrade
Pretax Income	47,428	28,819	47,284	33,180	24,812	Upgrade
Income Tax	8,330	5,619	7,914	4,034	6,327	Upgrade
Net Income	39,098	23,200	39,370	29,146	18,485	Upgrade
Net Income Growth	68.53%	-41.07%	35.08%	57.67%	-16.40%	Upgrade
Shares Outstanding (Basic)	2,574	2,687	2,815	2,851	2,854	Upgrade
Shares Outstanding (Diluted)	2,629	2,702	2,859	2,888	2,876	Upgrade
Shares Change	-2.70%	-5.49%	-1.00%	0.42%	-1.54%	Upgrade
EPS (Basic)	15.19	8.63	13.99	10.22	6.48	Upgrade
EPS (Diluted)	14.87	8.59	13.77	10.09	6.43	Upgrade
EPS Growth	73.11%	-37.62%	36.47%	56.92%	-15.06%	Upgrade
Free Cash Flow	44,068	19,289	39,116	23,632	21,212	Upgrade
Free Cash Flow Per Share	17.12	7.18	13.90	8.29	7.43	Upgrade
Gross Margin	80.76%	78.35%	80.79%	80.58%	81.94%	Upgrade
Operating Margin	34.66%	24.82%	39.65%	38.01%	33.93%	Upgrade
Profit Margin	28.98%	19.90%	33.38%	33.90%	26.15%	Upgrade
Free Cash Flow Margin	32.67%	16.54%	33.17%	27.49%	30.00%	Upgrade
Effective Tax Rate	17.56%	19.50%	16.74%	12.16%	25.50%	Upgrade
EBITDA	58,606	37,505	55,251	40,042	30,553	Upgrade
EBITDA Margin	43.44%	32.16%	46.85%	46.58%	43.22%	Upgrade
Depreciation & Amortization	11,178	8,686	7,967	6,862	5,741	Upgrade
EBIT	47,428	28,819	47,284	33,180	24,812	Upgrade
EBIT Margin	35.16%	24.71%	40.10%	38.60%	35.10%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).