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Meta Platforms (META) Q3 FY2026 earnings: revenue $64.6 billion, up 26.1% on the year

Meta Platforms, Inc. (META) reported revenue of $64.6 billion for Q3 FY2026, the quarter ended 30 September 2026, up 26.1% on the same quarter a year earlier. Net income was $9.9 billion, up 264.0% on the year, and diluted earnings per share $3.83. The figures are the company's own, from the 10-Q it filed with the SEC on 22 October 2026.

Revenue$64.6 billionup 26.1%
Net income$9.9 billionup 264.0%
Diluted EPS$3.83
QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 2 raised, 2 new, 3 kept.

  • Revenue rose 26% year-over-year: Revenue reached $64.60 billion, up 26% on reported and constant currency bases. Advertising revenue was $63.06 billion, also up 26%.
  • Expenses included $9.89 billion charge: Total costs and expenses rose 68% to $51.61 billion, including the litigation charge. Income from operations fell 37% to $12.99 billion.
  • AI credited for ad revenue gains: Management said AI investments already deliver substantial incremental advertising revenue through engagement, recommendations and monetization efficiency.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Revenue64,60160,80151,242+26.1%
Cost of revenue13,36911,3309,206+45.2%
Gross profit51,23249,47142,036+21.9%
Gross margin79.3%81.4%82.0%
Research and development20,05421,65615,144+32.4%
Operating income12,98818,77520,535-36.8%
Operating margin20.1%30.9%40.1%
Interest expense882754205+330.2%
Pre-tax income13,00118,75621,663-40.0%
Income tax3,1412,90818,954-83.4%
Effective tax rate24.2%15.5%87.5%
Net income9,86015,8482,709+264.0%
Net margin15.3%26.1%5.3%
Diluted EPS$3.83$6.18$1.05+264.8%
$ 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 and capital returned

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Operating cash flow32,78531,86229,999+9.3%
Capital expenditure33,94230,11618,829+80.3%
Free cash flow-1,1571,74611,170n/a
Free cash flow margin-1.8%2.9%21.8%
Cash from investing-30,978-49,653-21,848n/a
Cash from financing-6,73215,967-10,047n/a
Depreciation and amortisation7,1546,3564,967+44.0%
Share-based compensation7,3137,6015,555+31.6%
Buybacks0.00.03,327n/a
Dividends paid1,3611,3531,323+2.9%
Dividend per share$0.53$0.53$0.53+0.0%
Diluted shares, weighted2,573m2,566m2,572m+0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Shareholders' equity272,386261,221194,066+40.4%
Debt83,66983,66428,834+190.2%
Operating lease liabilities28,65126,22920,113+42.5%
Other liabilities94,13078,84260,831+54.7%
Total liabilities and equity478,836449,956303,844+57.6%
Goodwill23,42123,40621,158+10.7%
Intangible assetsn/an/a3,179n/a
Investments71,22774,79834,261+107.9%
Cash and equivalents11,22215,46210,187+10.2%
Receivables22,71621,75217,297+31.3%
Other assets350,250314,538217,762+60.8%
Total assets478,836449,956303,844+57.6%

Questions

What was Meta Platforms' revenue in Q3 FY2026?

Meta Platforms (META) reported revenue of $64.6 billion for Q3 FY2026, the quarter ended 30 September 2026, up 26.1% on the same quarter a year earlier.

How much did Meta Platforms earn in Q3 FY2026?

Net income for Q3 FY2026 was $9.9 billion, up 264.0% on the year, and diluted earnings per share $3.83.

When did Meta Platforms report Q3 FY2026 results?

Meta Platforms filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 22 October 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue33,67127,90828,82227,71432,16528,64531,99934,14640,11236,45539,07140,58948,38642,31447,51651,24259,89456,31160,80164,601
Cost of revenue6,3486,0055,1925,7168,3366,1085,9456,2107,6966,6407,3087,3758,8387,5728,4919,20610,90610,21811,33013,369
Gross profit27,32321,90323,63021,99823,82922,53726,05427,93632,41629,81531,76333,21439,54834,74239,02542,03648,98846,09349,47151,232
Gross margin81%78%82%79%74%79%81%82%81%82%81%82%82%82%82%82%82%82%81%79%
R&D7,0467,7078,6909,1709,7719,3819,3449,24110,5179,97810,53711,17712,18112,15012,94215,14417,13617,69921,65620,054
Operating income12,5858,5248,3585,6646,3987,2279,39213,74816,38413,81814,84717,35023,36517,55520,44120,53524,74522,87218,77512,988
Operating margin37%31%29%20%20%25%29%40%41%38%38%43%48%41%43%40%41%41%31%20%
Interest expensen/an/an/an/an/a49.0110132129n/an/a200n/an/a232205n/an/a754882
Pre-tax income12,7038,9088,1865,5766,1497,3079,29314,02016,80814,18315,10617,82223,55218,38220,53421,66325,35321,75218,75613,001
Tax rate19%16%18%21%24%22%16%17%17%13%11%12%12%9%11%87%10%-23%16%24%
Net income10,2857,4656,6874,3954,6535,7097,78811,58314,01812,36913,46515,68820,83816,64418,3372,70922,76826,77315,8489,860
Net margin31%27%23%16%14%20%24%34%35%34%34%39%43%39%39%5%38%48%26%15%
Diluted EPS$3.64$2.72$2.46$1.64$1.77$2.20$2.98$4.39$5.30$4.71$5.16$6.03$8.02$6.43$7.14$1.05$8.88$10.44$6.18$3.83
Operating cash flow18,10414,07612,1969,69214,51113,99817,30920,40219,40419,24619,37024,72427,98824,02625,56129,99936,21432,22631,86232,785
Capital expenditure5,3695,4417,5729,3759,0436,8236,2166,5437,6656,4008,1738,25814,42512,94116,53818,82921,38318,99730,11633,942
Free cash flow12,7358,6354,6243175,4687,17511,09313,85911,73912,84611,19716,46613,56311,0859,02311,17014,83113,2291,746-1,157
Buybacks20,0619,5065,2336,3546,8639,3658983,5695,94215,0086,2998,8180.012,75410,1673,3270.00.00.00.0
Dividends paidn/a0.00.00.00.00.00.00.00.01,2731,2661,2621,2671,3251,3221,3231,3281,3461,3531,361
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* 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. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS 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 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.

10-Q for the period ended 30 September 2026, filed 22 October 2026: the filing.