META PLATFORMS, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 58,744 | 21.3 |
| Stockholders' equity | 217,243 | 78.7 |
| Total capitalization | 275,987 | 100.0 |
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 58,744 |
| Long-term debt, noncurrent | 58,744 |
CAPITAL STOCK 12/31/25
Not tagged in XBRL.
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 2.10 | 8.9 |
| 2024 | 2.00 | 8.4 |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware. Formerly known as Facebook Inc (to 27 October 2021).
BUSINESS: Classified by the SEC under Standard Industrial Classification 7370, Services-Computer Programming, Data Processing, Etc.. Large accelerated filer. Principal executive office: 1 Meta Way, Menlo Park, CA 94025. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 200,966 | 164,501 | 134,902 |
| Cost of revenues | 36,175 | 30,161 | 25,959 |
| Research and development | 57,372 | 43,873 | 38,483 |
| Depreciation and amortization | 18,616 | 15,498 | 11,178 |
| Operating income | 83,276 | 69,380 | 46,751 |
| Interest expense | 1,165 | 715 | 446 |
| Income before income taxes | 85,932 | 70,663 | 47,428 |
| Income taxes | 25,474 | 8,303 | 8,330 |
| Net income | 60,458 | 62,360 | 39,098 |
| Earned per share, diluted ($) | 23.49 | 23.86 | 14.87 |
| Dividends per share ($) | 2.10 | 2.00 | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 35,873 | 43,889 |
| Receivables, net | 19,769 | 16,994 |
| Total current assets | 108,722 | 100,045 |
| Property, plant and equipment, net | 176,400 | 121,346 |
| Goodwill | 24,534 | 20,654 |
| Total assets | 366,021 | 276,054 |
| Total current liabilities | 41,836 | 33,596 |
| Long-term debt | 58,744 | 28,826 |
| Total liabilities | 148,778 | 93,417 |
| Stockholders' equity | 217,243 | 182,637 |
| Total liabilities and equity | 366,021 | 276,054 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 200,966 | 83,276 | 60,458 | 30.1 | 23.49 | 2.10 | 115,800 | 69,691 | 46,109 | 366,021 | 148,778 | 58,744 | 217,243 | 27.8 | 0.27 |
| 12/31/24 | 164,501 | 69,380 | 62,360 | 37.9 | 23.86 | 2.00 | 91,328 | 37,256 | 54,072 | 276,054 | 93,417 | 28,826 | 182,637 | 34.1 | 0.16 |
| 12/31/23 | 134,902 | 46,751 | 39,098 | 29.0 | 14.87 | – | 71,113 | 27,045 | 44,068 | 229,623 | 76,455 | 18,385 | 153,168 | 25.5 | 0.12 |
| 12/31/22 | 116,609 | 28,944 | 23,200 | 19.9 | 8.59 | – | 50,475 | 31,186 | 19,289 | 185,727 | 60,014 | 9,923 | 125,713 | 18.5 | 0.08 |
| 12/31/21 | 117,929 | 46,753 | 39,370 | 33.4 | 13.77 | – | 57,683 | 18,690 | 38,993 | 165,987 | 41,108 | 0 | 124,879 | 31.5 | 0.00 |
| 12/31/20 | 85,965 | 32,671 | 29,146 | 33.9 | 10.09 | – | 38,747 | 15,163 | 23,584 | 159,316 | 31,026 | – | 128,290 | 22.7 | – |
| 12/31/19 | 70,697 | 23,986 | 18,485 | 26.1 | 6.43 | – | 36,314 | 15,102 | 21,212 | 133,376 | 32,322 | – | 101,054 | 18.3 | – |
| 12/31/18 | 55,838 | 24,913 | 22,112 | 39.6 | 7.57 | – | 29,274 | 13,915 | 15,359 | 97,334 | 13,207 | – | 84,127 | 26.3 | – |
| 12/31/17 | 40,653 | 20,203 | 15,934 | 39.2 | 5.39 | – | 24,216 | 6,733 | 17,483 | 84,524 | 10,177 | – | 74,347 | 21.4 | – |
| 12/31/16 | 27,638 | 12,427 | 10,217 | 37.0 | 3.49 | – | 16,108 | 4,491 | 11,617 | 64,961 | 5,767 | – | 59,194 | 17.3 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Meta Platforms, Inc.
CIK 1326801 · EIN 20-1665019
PRINCIPAL OFFICE:
1 Meta Way, Menlo Park, CA 94025
Tel.: 650-543-4800
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
7370 · Services-Computer Programming, Data Processing, Etc.
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 29 January 2026
FORMER NAMES:
Facebook Inc
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 1/29/26) · 10-K FY2024 (filed 1/30/25) · 10-K FY2023 (filed 2/2/24) · 10-K FY2022 (filed 2/2/23) · 10-K FY2021 (filed 2/3/22) · 10-K FY2020 (filed 1/28/21) · 10-K FY2019 (filed 1/30/20) · 10-K FY2018 (filed 1/31/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.