Meta Platforms, Inc. (META)

Name: Meta Platforms, Inc. (META): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Meta Platforms, Inc. (META) reported revenue of $60.8 billion for Q2 FY2026, the quarter ended 30 June 2026, up 28.0% on the same quarter a year earlier. Net income was $15.8 billion, down 13.6% on the year, and diluted earnings per share $6.18. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$60.8 billionup 28.0%

Net income$15.8 billiondown 13.6%

Diluted EPS$6.18

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE26.1%

ROCE25.2%

Operating margin38.1%

Net margin29.8%

FCF margin18.0%

Interest covern/a

Debt to equity0.32

Cash conversion1.91

Share count, 1 yearn/a

Sales CAGR, 3 years19.9%

Profit CAGR, 3 years37.6%

EPS, TTM$26.54

At the close of 21 September 2026

Price$741.24

Market cap$1.90 trillion

Stock P/E27.93

Price to book7.28

EV / EBITDA17.97

Dividend yield0.3%

Market cap / sales8.33

52-week high$765.16

52-week low$525.72

Price, 1 year-4.8%

Price CAGR, 3 years35.3%

Price CAGR, 5 years16.6%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Meta Platforms, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on META

Filings	21 in twelve months: 11 current reports (8-K), about 4 results of operations; 3 other events; 3 officer or director change; 1 shareholder vote
Planned insider sales	92 Form 144 notices in twelve months, $220.1 million; latest 21 September 2026
Options tape	put/call 0.53 by open interest on 23 September 2026; the straddle prices a 4.4% move to 25 September 2026
Holders	27 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading	125 sales and 0 purchases on Form 4 in twelve months
Congress	10 House trades disclosed in six months
Short interest	28.8 million shares short, 1.71 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	34,146	40,112	36,455	39,071	40,589	48,386	42,314	47,516	51,242	59,894	56,311	60,801
Cost of revenue	6,210	7,696	6,640	7,308	7,375	8,838	7,572	8,491	9,206	10,906	10,218	11,330
Gross profit	27,936	32,416	29,815	31,763	33,214	39,548	34,742	39,025	42,036	48,988	46,093	49,471
Gross margin	82%	81%	82%	81%	82%	82%	82%	82%	82%	82%	82%	81%
R&D	9,241	10,517	9,978	10,537	11,177	12,181	12,150	12,942	15,144	17,136	17,699	21,656
Operating income	13,748	16,384	13,818	14,847	17,350	23,365	17,555	20,441	20,535	24,745	22,872	18,775
Operating margin	40%	41%	38%	38%	43%	48%	41%	43%	40%	41%	41%	31%
Interest expense	132	129	n/a	n/a	200	n/a	n/a	232	n/a	n/a	n/a	754
Pre-tax income	14,020	16,808	14,183	15,106	17,822	23,552	18,382	20,534	21,663	25,353	21,752	18,756
Tax rate	17%	17%	13%	11%	12%	12%	9%	11%	87%	10%	-23%	16%
Net income	11,583	14,018	12,369	13,465	15,688	20,838	16,644	18,337	2,709	22,768	26,773	15,848
Net margin	34%	35%	34%	34%	39%	43%	39%	39%	5%	38%	48%	26%
Diluted EPS	$4.39	$5.30	$4.71	$5.16	$6.03	$7.96	$6.43	$7.14	$1.05	$8.87	$10.44	$6.18
Operating cash flow	20,402	19,404	19,246	19,370	24,724	27,988	24,026	25,561	29,999	36,214	32,226	31,862
Capital expenditure	6,543	7,665	6,400	8,173	8,258	14,425	12,941	16,538	18,829	21,383	18,997	30,116
Free cash flow	13,859	11,739	12,846	11,197	16,466	13,563	11,085	9,023	11,170	14,831	13,229	1,746
Buybacks	3,569	5,942	15,008	6,299	8,818	0.0	12,754	10,167	3,327	0.0	0.0	0.0
Dividends paid	0.0	0.0	1,273	1,266	1,262	1,267	1,325	1,322	1,323	1,328	1,346	1,353
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015 †	FY2016	FY2017	FY2018	FY2019	FY2020 †	FY2021 †	FY2022 †	FY2023 †	FY2024	FY2025	TTM
Revenue	12,466	17,928	27,638	40,653	55,838	70,697	85,965	117,929	116,609	134,902	164,501	200,966	228,248
Cost of revenue	2,153	2,867	3,789	5,454	9,355	12,770	16,692	22,649	25,249	25,959	30,161	36,175	41,660
Gross profit	10,313	15,061	23,849	35,199	46,483	57,927	69,273	95,280	91,360	108,943	134,340	164,791	186,588
Gross margin	82.7%	84.0%	86.3%	86.6%	83.2%	81.9%	80.6%	80.8%	78.3%	80.8%	81.7%	82.0%	81.7%
Research and development	2,666	4,816	5,919	7,754	10,273	13,600	18,447	24,655	35,338	38,483	43,873	57,372	71,635
Operating income	4,994	6,225	12,427	20,203	24,913	23,986	32,671	46,753	28,944	46,751	69,380	83,276	86,927
Operating margin	40.1%	34.7%	45.0%	49.7%	44.6%	33.9%	38.0%	39.6%	24.8%	34.7%	42.2%	41.4%	38.1%
Interest expense	23.0	23.0	10.0	6.0	9.0	20.0	n/a	23.0	185	446	715	1,165	n/a
Pre-tax income	4,910	6,194	12,518	20,594	25,361	24,812	33,180	47,284	28,819	47,428	70,663	85,932	87,524
Income tax	1,970	2,506	2,301	4,660	3,249	6,327	4,034	7,914	5,619	8,330	8,303	25,474	19,426
Effective tax rate	40.1%	40.5%	18.4%	22.6%	12.8%	25.5%	12.2%	16.7%	19.5%	17.6%	11.8%	29.6%	22.2%
Net income	2,940	3,688	10,217	15,934	22,112	18,485	29,146	39,370	23,200	39,098	62,360	60,458	68,098
Net margin	23.6%	20.6%	37.0%	39.2%	39.6%	26.1%	33.9%	33.4%	19.9%	29.0%	37.9%	30.1%	29.8%
Diluted EPS	$1.10	$1.29	$3.49	$5.39	$7.57	$6.43	$10.09	$13.77	$8.59	$14.87	$23.86	$23.49	$26.54
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014 †	FY2015 †	FY2016	FY2017	FY2018	FY2019	FY2020 †	FY2021 †	FY2022 †	FY2023 †	FY2024	FY2025	TTM
Operating cash flow	7,326	10,320	16,108	24,216	29,274	36,314	38,747	57,683	50,475	71,113	91,328	115,800	130,301
Capital expenditure	1,831	2,523	4,491	6,733	13,915	15,102	15,163	18,690	31,186	27,045	37,256	69,691	89,325
Free cash flow	5,495	7,797	11,617	17,483	15,359	21,212	23,584	38,993	19,289	44,068	54,072	46,109	40,976
Free cash flow margin	44.1%	43.5%	42.0%	43.0%	27.5%	30.0%	27.4%	33.1%	16.5%	32.7%	32.9%	22.9%	18.0%
Depreciation and amortisation	1,243	1,945	2,342	3,025	4,315	5,741	6,862	7,967	8,686	11,178	15,498	18,616	22,729
Share-based compensation	1,786	2,960	3,218	3,723	4,152	4,836	6,536	9,164	11,992	14,027	16,690	20,427	25,079
Buybacks	n/a	0.0	0.0	1,976	12,879	4,202	6,272	44,537	27,956	19,774	30,125	26,248	3,327
Dividends paid	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	5,072	5,324	5,350
Dividend per share	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$2.00	$2.10	n/a
Diluted shares, weighted	2,664m	2,853m	2,925m	2,956m	2,921m	2,876m	2,888m	2,859m	2,702m	2,629m	2,614m	2,574m	2,566m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014 †	FY2015 †	FY2016	FY2017	FY2018	FY2019	FY2020 †	FY2021 †	FY2022 †	FY2023 †	FY2024	FY2025	TTM
Total assets	39,966	49,407	64,961	84,524	97,334	133,376	159,316	165,987	185,727	229,623	276,054	366,021	449,956
Cash and equivalents	4,315	4,907	8,903	8,079	10,019	19,079	17,576	16,601	14,681	41,862	43,889	35,873	15,462
Receivables	1,678	2,559	3,993	5,832	7,587	9,518	11,335	14,039	13,466	16,169	16,994	19,769	21,752
Goodwill	17,981	18,026	18,122	18,221	18,301	18,715	19,050	19,197	20,306	20,654	20,654	24,534	23,406
Long-term debt	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	9,923	18,385	28,826	58,744	83,664
Borrowings, as the company tags them	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	10,000	18,500	29,000	59,000	84,000
Operating lease liabilities	n/a	n/a	n/a	n/a	0.0	9,524	9,631	12,746	15,301	17,226	18,292	22,940	26,229
Finance lease liabilities	n/a	n/a	n/a	n/a	418	n/a	469	506	558	600	633	876	n/a
Shareholders' equity	36,096	44,218	59,194	74,347	84,127	101,054	128,290	124,879	125,713	153,168	182,637	217,243	261,221
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	27.3%	18.5%	19.9%	27.7%
Profit growth, compounded	32.3%	15.7%	37.6%	-4.8%
Return on equity, average	24.3%	27.5%	29.2%	27.8%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Services-Computer Programming, Data Processing, Etc.

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Alphabet Inc. GOOGL	$4.34 trillion	17.83	38.1%	33.1%	20.1%	0.15	0.2%
Alphabet Inc. GOOG	$4.29 trillion	17.62	38.1%	33.1%	20.1%	0.15	0.2%
Meta Platforms, Inc. META	$1.90 trillion	27.93	26.1%	38.1%	27.7%	0.32	0.3%
AppLovin Corp. APP	$110.7 billion	n/a	n/a	n/a	n/a	1.11	n/a
Factset Research Systems Inc. FDS	$10.2 billion	18.72	27.8%	29.6%	6.6%	0.68	1.6%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	30 July 2026	EDGAR
10-Q	31 March 2026	30 April 2026	EDGAR
10-K	31 December 2025	29 January 2026	EDGAR
10-Q	30 September 2025	30 October 2025	EDGAR
10-Q	30 June 2025	31 July 2025	EDGAR
10-Q	31 March 2025	1 May 2025	EDGAR
10-K	31 December 2024	30 January 2025	EDGAR
10-Q	30 September 2024	31 October 2024	EDGAR
10-Q	30 June 2024	1 August 2024	EDGAR

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