Meta Platforms Past Performance
Past criteria checks 2/6
Meta Platforms has been growing earnings at an average annual rate of 9.9%, while the Interactive Media and Services industry saw earnings growing at 5.3% annually. Revenues have been growing at an average rate of 18.7% per year. Meta Platforms's return on equity is 16.8%, and it has net margins of 18.7%.
Key information
9.9%
Earnings growth rate
11.4%
EPS growth rate
| Interactive Media and Services Industry Growth | 5.3% |
| Revenue growth rate | 18.7% |
| Return on equity | 16.8% |
| Net Margin | 18.7% |
| Last Earnings Update | 30 Jun 2023 |
Recent past performance updates
Recent updates
Is It Time To Consider Buying Meta Platforms, Inc. (NASDAQ:META)?
Sep 20
Meta Platforms (NASDAQ:META) Has A Pretty Healthy Balance Sheet
Sep 05An Intrinsic Calculation For Meta Platforms, Inc. (NASDAQ:META) Suggests It's 28% Undervalued
Aug 07Be Wary Of Meta Platforms (NASDAQ:META) And Its Returns On Capital
Jul 10Is There Now An Opportunity In Meta Platforms, Inc. (NASDAQ:META)?
Jun 12Meta Platforms (NASDAQ:META) Has A Pretty Healthy Balance Sheet
May 29Is Meta Platforms, Inc. (NASDAQ:META) Trading At A 34% Discount?
May 02Meta Platforms (NASDAQ:META) Knows How To Allocate Capital
Apr 04Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 23 | 120,525 | 22,546 | 25,696 | 34,849 |
| 31 Mar 23 | 117,346 | 21,444 | 25,488 | 34,489 |
| 31 Dec 22 | 116,609 | 23,200 | 25,681 | 33,619 |
| 30 Sep 22 | 118,115 | 28,832 | 26,962 | 32,382 |
| 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 |
| 30 Jun 15 | 14,640 | 2,722 | 3,351 | 3,950 |
| 31 Mar 15 | 13,507 | 2,795 | 3,008 | 3,273 |
| 31 Dec 14 | 12,466 | 2,925 | 2,653 | 2,666 |
| 30 Sep 14 | 11,201 | 2,749 | 2,281 | 1,964 |
| 30 Jun 14 | 10,013 | 2,369 | 2,142 | 1,725 |
| 31 Mar 14 | 8,916 | 1,913 | 2,027 | 1,577 |
| 31 Dec 13 | 7,872 | 1,491 | 1,778 | 1,415 |
| 30 Sep 13 | 6,871 | 1,014 | 1,889 | 1,303 |
| 30 Jun 13 | 6,118 | 533 | 1,777 | 1,178 |
| 31 Mar 13 | 5,489 | 65 | 2,157 | 1,539 |
| 31 Dec 12 | 5,089 | 32 | 1,984 | 1,399 |
| 30 Sep 12 | 4,635 | 194 | 1,633 | 1,226 |
Quality Earnings: META has high quality earnings.
Growing Profit Margin: META's current net profit margins (18.7%) are lower than last year (28.2%).
Past Earnings Growth Analysis
Earnings Trend: META's earnings have grown by 9.9% 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 (-33%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (3.2%).
Return on Equity
High ROE: META's Return on Equity (16.8%) is considered low.