Meta Platforms (META) FY2024 results: revenue $164.5 billion, up 21.9% on the year
Meta Platforms, Inc. (META) reported revenue of $164.5 billion for fiscal 2024, the year ended 31 December 2024, up 21.9% on the year before. Net income was $62.4 billion, up 59.5%, and diluted earnings per share $23.86. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2025.
Revenue
$164.5 billion
+21.9% on the year
FY2017FY2024
Operating margin
42.2%
34.7% a year earlier
FY2017FY2024
Net income
$62.4 billion
+59.5% on the year
FY2017FY2024
Diluted EPS
$23.86
+60.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
91,328
71,113
50,475
+28.4%
Capital expenditure
37,256
27,045
31,186
+37.8%
Free cash flow
54,072
44,068
19,289
+22.7%
Free cash flow margin
32.9%
32.7%
16.5%
Cash from investing
-47,150
-24,495
-28,970
Cash from financing
-40,781
-19,500
-22,136
Depreciation and amortisation
15,498
11,178
8,686
+38.6%
Share-based compensation
16,690
14,027
11,992
+19.0%
Buybacks
30,125
19,774
27,956
+52.3%
Dividends paid
5,072
0.0
0.0
Dividend per share
$2.00
n/a
n/a
Diluted shares, weighted
2,614m
2,629m
2,702m
-0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
182,637
153,168
125,713
+19.2%
Debt
28,826
18,385
9,923
+56.8%
Operating lease liabilities
18,292
17,226
15,301
+6.2%
Finance lease liabilities
633
600
558
+5.5%
Other liabilities
45,666
40,244
34,232
+13.5%
Total liabilities and equity
276,054
229,623
185,727
+20.2%
Goodwill
20,654
20,654
20,306
0.0%
Intangible assets
915
788
897
+16.1%
Investments
33,926
23,541
26,057
+44.1%
Cash and equivalents
43,889
41,862
14,681
+4.8%
Receivables
16,994
16,169
13,466
+5.1%
Other assets
159,676
126,609
110,320
+26.1%
Total assets
276,054
229,623
185,727
+20.2%
10-K for the year ended 31 December 2024, filed 30 January 2025: the filing.