Meta Platforms Past Earnings Performance

Past criteria checks 3/6

Meta Platforms has been growing earnings at an average annual rate of 18.4%, while the Interactive Media and Services industry saw earnings growing at 21.1% annually. Revenues have been growing at an average rate of 15.1% per year. Meta Platforms's return on equity is 26.1%, and it has net margins of 29.8%.

Key information

18.42%

Earnings growth rate

21.00%

EPS growth rate

Interactive Media and Services Industry Growth	15.57%
Revenue growth rate	15.15%
Return on equity	26.07%
Net Margin	29.84%
Last Earnings Update	30 Jun 2026

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Meta Platforms makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SWX:META Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Jun 26	228,247	68,098	28,026	71,634
31 Mar 26	214,963	70,587	24,628	62,921
31 Dec 25	200,966	60,458	24,143	57,372
30 Sep 25	189,458	58,528	20,934	52,163
30 Jun 25	178,804	71,507	19,366	48,450
31 Mar 25	170,360	66,635	20,105	46,045
31 Dec 24	164,501	62,360	21,087	43,873
30 Sep 24	156,227	55,539	22,296	41,500
30 Jun 24	149,784	51,434	22,456	39,333
31 Mar 24	142,712	45,758	23,320	37,988
31 Dec 23	134,902	39,098	23,709	38,483
30 Sep 23	126,956	29,734	24,030	35,156
30 Jun 23	120,525	22,546	26,349	35,315
31 Mar 23	117,346	21,444	25,687	34,813
31 Dec 22	116,609	23,200	25,681	33,619
30 Sep 22	118,115	28,832	27,111	32,613
30 Jun 22	119,410	33,630	26,446	29,759
31 Mar 22	119,666	37,338	25,079	27,165
31 Dec 21	117,929	39,370	23,872	24,655
30 Sep 21	112,330	40,304	21,060	22,816
30 Jun 21	104,790	38,957	19,033	21,263
31 Mar 21	94,399	33,741	18,250	19,629
31 Dec 20	85,965	29,146	18,155	18,447
30 Sep 20	78,975	25,276	18,130	17,118
30 Jun 20	75,157	23,521	17,421	15,902
31 Mar 20	73,357	20,958	16,627	14,755
31 Dec 19	70,697	18,485	15,341	13,600
30 Sep 19	66,529	18,018	13,929	12,577
30 Jun 19	62,604	17,064	13,037	11,687
31 Mar 19	58,949	19,553	12,029	10,895
31 Dec 18	55,838	22,111	11,297	10,273
30 Sep 18	51,896	19,497	9,914	9,367
30 Jun 18	48,497	19,063	8,748	8,762
31 Mar 18	44,587	17,848	7,882	8,158
31 Dec 17	40,653	15,920	7,242	7,754
30 Sep 17	36,490	15,212	6,814	7,368
30 Jun 17	33,173	13,129	6,473	6,858
31 Mar 17	30,288	11,515	6,024	6,410
31 Dec 16	27,638	10,188	5,503	5,919
30 Sep 16	24,670	8,182	5,014	5,670
30 Jun 16	22,160	6,453	4,700	5,399
31 Mar 16	19,767	4,892	4,317	5,097
31 Dec 15	17,928	3,669	4,020	4,816
30 Sep 15	15,938	2,811	3,832	4,613

Quality Earnings: META has high quality earnings.

Growing Profit Margin: META's current net profit margins (29.8%) are lower than last year (40%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: META's earnings have grown by 18.4% per year over the past 5 years.

Accelerating Growth: META's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: META had negative earnings growth (-4.8%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (13.8%).

Return on Equity

High ROE: META's Return on Equity (26.1%) is considered high.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/09 14:54
End of Day Share Price	2026/09/09 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Meta Platforms, Inc. is covered by 93 analysts. 58 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Heasman	Accountability Research Corporation
Richard Kramer	Arete Research Services LLP
Rocco Strauss	Arete Research Services LLP

Meta Platforms Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

Meta Platforms, Inc. to Report Q2, 2026 Results on Jul 29, 2026

First quarter 2026 earnings released: EPS: US$10.57 (vs US$6.59 in 1Q 2025)

Meta Platforms, Inc. to Report Q1, 2026 Results on Apr 29, 2026

Meta Platforms, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Second quarter 2024 earnings released: EPS: US$5.31 (vs US$3.03 in 2Q 2023)

Meta Platforms, Inc. to Report Q2, 2024 Results on Jul 31, 2024

Recent updates

Meta Platforms, Inc. (NasdaqGS:META) acquired Stilla Development AB.

New major risk - Share price stability

High number of new directors

Meta Debuts Muse Spark 1.2 and First Coding Agent

Meta Platforms, Inc. Provides Earnings Guidance for the Third Quarter and Full Fiscal Year 2026

Meta Platforms, Inc. to Report Q2, 2026 Results on Jul 29, 2026

Meta Platforms, Inc. Announces Executive Changes

Meta Platforms Inc Announces Management Changes

Meta Platforms, Inc. Announces Quarterly Cash Dividend, Payable on June 25, 2026

Proxy Impact Provides Information to Shareholders of Meta

Meta Platforms, Inc. Begins Fresh Layoffs as Zuckerberg Ramps Up AI Investments

Santa Clara County Counsel Files Landmark Civil Prosecution Taking on Meta Platforms, Inc.'s Role in Massive Consumer Fraud

First quarter 2026 earnings released: EPS: US$10.57 (vs US$6.59 in 1Q 2025)

Meta Platforms, Inc. Provides Revenue Guidance for the Second Quarter of 2026 and Earnings Guidance for the Full Year 2026

Meta Platforms, Inc., Annual General Meeting, May 27, 2026

Hock Tan to Transition Off of Meta’s Board of Directors and into an Advisor Role for Meta

Meta Platforms, Inc. to Report Q1, 2026 Results on Apr 29, 2026

Ultra Accelerator Link Consortium Publishes Four Specifications Defining In-Network Compute, Chiplets, Manageability and 200G Performance

EssilorLuxottica and Meta Expand AI Glasses Portfolio with Ray-Ban Meta Optics Styles

Meta Platforms Inc. and Google’s YouTube Jury Hits with Compensatory Verdict in Social Media Addiction Trial

Meta Platforms, Inc. (NasdaqGS:META) acquired Dreamer.

Meta Expands Custom Silicon to Power AI Workloads

Meta Platforms, Inc. Announces Quarterly Cash Dividend on Class A Common Stock and Class B Common Stock, Payable on March 26, 2026

Meta Platforms, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Meta Platforms, Inc. (NasdaqGS:META) acquired Threads Inc.

Chief Technology Officer recently sold CHF2.3m worth of stock

Milberg Announces Class Action Lawsuit Filed Against Meta: Alleging Its Products Harm Children

Second quarter 2024 earnings released: EPS: US$5.31 (vs US$3.03 in 2Q 2023)

McKool Smith Secures $1.4 Billion Settlement for State of Texas Against Meta Platforms/Facebook in Biometric Privacy Dispute

Meta Platforms, Inc. to Report Q2, 2024 Results on Jul 31, 2024

Meta Announces Quarterly Cash Dividend, Payable on June 26, 2024

Chief Technology Officer recently sold CHF2.2m worth of stock

Robert F. Kennedy, Jr. and American Values 2024 File Lawsuit against Meta Platforms, Inc., Facebook Operations, LLC, Instagram, LLC for Election Interference and Censorship

Meta Platforms, Inc. Provides Revenue Guidance for Second Quarter 2024

First quarter 2024 earnings released: EPS: US$4.86 (vs US$2.21 in 1Q 2023)

Investor sentiment deteriorates as stock falls 28%

Meta Platforms, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Chief Technology Officer recently sold CHF3.4m worth of stock

Social Media Victims Law Center and Belluck & Fox File Lawsuit Against Meta, Bytedance, Inc., Tiktok and Metropolitan Transportation Authority

Meta Platforms, Inc. Announces Management Appointments

Meta Platforms, Inc. Initiates Quarterly Dividend, Payable on March 26, 2024

Meta Platforms, Inc. Announces Retirement of Sheryl Sandberg as Director

Meta Platforms, Inc. to Report Q4, 2023 Results on Feb 01, 2024

Chief Technology Officer recently sold CHF2.4m worth of stock

Third quarter 2023 earnings released: EPS: US$4.50 (vs US$1.64 in 3Q 2022)

Meta Platforms, Inc. Provides Revenue Guidance for Fourth Quarter 2023

Keller Rohrback L.L.P. Provides Update on Facebook Privacy Class Action Settlement

Zefr and Meta Announce Expanded AI-Powered Brand Suitability Solution, Now Available on Facebook & Instagram Reels

Meta Platforms, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Meta Platforms, Inc. and EssilorLuxottica Introduces Next Generation of Smart Glasses

Chief Financial Officer recently sold CHF2.9m worth of stock

Meta Platforms, Inc. Provides Revenue Guidance for the Third Quarter of 2023

Second quarter 2023 earnings released: EPS: US$3.03 (vs US$2.47 in 2Q 2022)

Meta Platforms, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Shutterstock, Inc. (NYSE:SSTK) completed the acquisition of GIPHY, Inc. from Meta Platforms, Inc. (NasdaqGS:META).

Montgomery County Public Schools Joins Federal Lawsuit Against Meta, TikTok, Snap, YouTube, and Other Social Media Companies

Shutterstock, Inc. (NYSE:SSTK) entered into a definitive agreement to acquire GIPHY, Inc. from Meta Platforms, Inc. (NasdaqGS:META) for pproximately $130 million.