FN2 Earnings Intelligence
Meta Platforms, Inc. financials
Meta Platforms, Inc. (META) financial statements and key operating metrics from FN2 Research.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $16,601 | $14,681 | $41,862 | $43,889 | $35,873 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $117,929 | $116,609 | $134,902 | $164,501 | $200,966 | $254,115.5 | $305,280 |
| % Growth | 37.2% | -1.1% | 15.7% | 21.9% | 22.2% | 26.4% | 20.1% |
| Gross Profit | $95,280 | $91,360 | $108,943 | $134,340 | $164,791 | - | - |
| % Margin | 80.8% | 78.3% | 80.8% | 81.7% | 82.0% | - | - |
| EBITDA | $54,720 | $37,630 | $57,929 | $84,878 | $101,892 | - | - |
| % Margin | 46.4% | 32.3% | 42.9% | 51.6% | 50.7% | - | - |
| Net Income | $39,370 | $23,200 | $39,098 | $62,360 | $60,458 | - | - |
| % Margin | 33.4% | 19.9% | 29.0% | 37.9% | 30.1% | - | - |
| Diluted EPS | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 | $31.31 | $33.76 |
| % Growth | 36.5% | -37.6% | 73.1% | 60.5% | -1.6% | 33.3% | 7.8% |
| Operating Cash Flow | $57,683 | $50,475 | $71,113 | $91,328 | $115,800 | - | - |
| CapEx | $18,567 | $31,431 | $27,266 | $37,256 | $69,691 | - | - |
| Free Cash Flow | $39,116 | $19,044 | $43,847 | $54,072 | $46,109 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $117,929 | $116,609 | $134,902 | $164,501 | $200,966 | $254,115.5 | $305,280 |
| Gross Profit | $95,280 | $91,360 | $108,943 | $134,340 | $164,791 | - | - |
| EBITDA | $54,720 | $37,630 | $57,929 | $84,878 | $101,892 | - | - |
| Net Income | $39,370 | $23,200 | $39,098 | $62,360 | $60,458 | - | - |
| Diluted EPS | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 | $31.31 | $33.76 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $16,601 | $14,681 | $41,862 | $43,889 | $35,873 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | - | $9,923 | $18,385 | $28,826 | $58,744 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $57,683 | $50,475 | $71,113 | $91,328 | $115,800 |
| Capital Expenditure | $18,567 | $31,431 | $27,266 | $37,256 | $69,691 |
| Free Cash Flow | $39,116 | $19,044 | $43,847 | $54,072 | $46,109 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 37.2% | -1.1% | 15.7% | 21.9% | 22.2% |
| Gross Margin | 80.8% | 78.3% | 80.8% | 81.7% | 82.0% |
| EBITDA Margin | 46.4% | 32.3% | 42.9% | 51.6% | 50.7% |
| Net Margin | 33.4% | 19.9% | 29.0% | 37.9% | 30.1% |
| FCF Margin | 33.2% | 16.3% | 32.5% | 32.9% | 22.9% |
| Diluted EPS Growth | 36.5% | -37.6% | 73.1% | 60.5% | -1.6% |
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