META Financials Meta Platforms

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has grown 18.5% per year over the past 5 years.
Net income has grown slower than revenue (15.7% vs 18.5% per year).
Operating margin has expanded, at 41.4% in the latest year.
Free cash flow has grown 14.3% per year over the past 5 years.

Financial health

Total debt ($58.7B) exceeds cash ($35.9B); net debt is $22.9B.
Operating income covered interest expense 71× in the latest year.
Total debt is 0.6× EBITDA.

Shareholder returns

Dividends have been paid for 2 consecutive years, consuming 8.8% of earnings and 11.5% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$201.0B	$60.5B	82.0%	41.4%	$46.1B	$58.7B	$35.9B
2024	$164.5B	$62.4B	81.7%	42.2%	$54.1B	$28.8B	$43.9B
2023	$134.9B	$39.1B	80.8%	34.7%	$44.1B	$18.4B	$41.9B
2022	$116.6B	$23.2B	78.3%	24.8%	$19.3B	$9.9B	$14.7B
2021	$117.9B	$39.4B	80.8%	39.6%	$39.0B	$0	$16.6B
2020	$86.0B	$29.1B	80.6%	38.0%	$23.6B	—	$17.6B
2019	$70.7B	$18.5B	81.9%	33.9%	$21.2B	—	$19.1B
2018	$55.8B	$22.1B	83.2%	44.6%	$15.4B	—	$10.0B
2017	$40.7B	$15.9B	86.6%	49.7%	$17.5B	—	$8.1B
2016	$27.6B	$10.2B	86.3%	45.0%	$11.6B	—	$8.9B
2015	—	$3.7B	—	—	$7.8B	—	$4.9B
2014	—	$2.9B	—	—	$5.5B	—	$4.3B
2013	—	$1.5B	—	—	$2.9B	$0	$3.3B
2012	—	$53M	—	—	$377M	$1.5B	$2.4B
2011	—	$1.0B	—	—	$943M	$0	$1.5B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$56.3B	$26.8B	81.9%	40.6%	$13.2B	$58.7B	$23.4B
Dec '25	$59.9B	$22.8B	81.8%	41.3%	$14.8B	$58.7B	$35.9B
Sep '25	$51.2B	$2.7B	82.0%	40.1%	$11.2B	$28.8B	$10.2B
Jun '25	$47.5B	$18.3B	82.1%	43.0%	$9.0B	$28.8B	$12.0B
Mar '25	$42.3B	$16.6B	82.1%	41.5%	$11.1B	$28.8B	$28.8B
Dec '24	$48.4B	$20.8B	81.7%	48.3%	$13.6B	$28.8B	$43.9B
Sep '24	$40.6B	$15.7B	81.8%	42.7%	$16.5B	$28.8B	$43.9B
Jun '24	$39.1B	$13.5B	81.3%	38.0%	$11.2B	$18.4B	$32.0B
Mar '24	$36.5B	$12.4B	81.8%	37.9%	$12.8B	$18.4B	$32.3B
Dec '23	$40.1B	$14.0B	80.8%	40.8%	$11.8B	$18.4B	$41.9B
Sep '23	$34.1B	$11.6B	81.8%	40.3%	$13.9B	$18.4B	$36.9B
Jun '23	$32.0B	$7.8B	81.4%	29.4%	$11.2B	$18.4B	$28.8B
Mar '23	$28.6B	$5.7B	78.7%	25.2%	$7.2B	$9.9B	$11.6B
Dec '22	$32.2B	$4.7B	74.1%	19.9%	$5.5B	$9.9B	$14.7B
Sep '22	$27.7B	$4.4B	79.4%	20.4%	$317M	$9.9B	$14.3B
Jun '22	$28.8B	$6.7B	82.0%	29.0%	$4.6B	—	$12.7B
Mar '22	$27.9B	$7.5B	78.5%	30.5%	$8.6B	—	$14.9B
Dec '21	$33.7B	$10.3B	81.1%	37.4%	$12.7B	$0	$16.6B
Sep '21	$29.0B	$9.2B	80.1%	35.9%	$9.7B	—	$14.5B
Jun '21	$29.1B	$10.4B	81.4%	42.5%	$8.6B	—	$16.2B

Valuation over time

How the market has priced META against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 23.2× (Mar '23) to 22.8× (Jun '26).
The price-to-sales ratio has risen from 4.6× (Mar '23) to 6.9× (Jun '26).
The dividend yield has risen from 0.3% (Dec '24) to 0.4% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is META growing its revenue and profit?

Over the past 5 years, Meta Platforms's revenue has grown 18.5% per year, and net income grown 15.7% per year. These are computed facts, not advice.

How much debt does META have?

As of FY2025, Meta Platforms reported $58.7B of total debt against $35.9B of cash; operating income covered interest expense 71×.

What is META's profit margin?

In FY2025, gross margin was 82.0%, operating margin 41.4%, and net margin 30.1%.

What is META's P/E ratio?

As of Jun '26, Meta Platforms traded at a price-to-earnings ratio of about 22.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.