Meta Platforms Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $200.97B | $164.50B | $134.90B | $116.61B | $117.93B | $85.97B | $70.70B | $55.84B |
| Advertising | $196.18B | $160.63B | $131.95B | $113.64B | $114.93B | $84.17B | $69.66B | $55.01B |
| Other/Payments | $2.58B | $1.72B | $1.06B | $808.0M | $721.0M | $657.0M | $541.0M | $825.0M |
| Reality Labs | $2.21B | $2.15B | $1.90B | $2.16B | $2.27B | $1.14B | $501.0M | $0 |
| Cost of Revenue | $36.18B | $30.16B | $25.96B | $25.25B | $22.65B | $16.69B | $12.77B | $9.36B |
| Gross Profit | $164.79B | $134.34B | $108.94B | $91.36B | $95.28B | $69.27B | $57.93B | $46.48B |
| Gross Margin | 82.0% | 81.7% | 80.8% | 78.3% | 80.8% | 80.6% | 81.9% | 83.2% |
| Operating Expenses | ||||||||
| Research & Development | $57.37B | $43.87B | $38.48B | $35.34B | $24.66B | $18.45B | $13.60B | $10.27B |
| SG&A Expense | $12.15B | $9.74B | $11.41B | $11.82B | $9.83B | $6.56B | $10.47B | $3.45B |
| Operating Income | $83.28B | $69.38B | $46.75B | $28.94B | $46.75B | $32.67B | $23.99B | $24.91B |
| Operating Margin | 41.4% | 42.2% | 34.7% | 24.8% | 39.6% | 38.0% | 33.9% | 44.6% |
| Interest Expense | $1.09B | $683.0M | $446.0M | $185.0M | $23.0M | — | $20.0M | $9.0M |
| Pretax Income | $85.93B | $70.66B | $47.43B | $28.82B | $47.28B | $33.18B | $24.81B | $25.36B |
| Income Tax Expense | $25.47B | $8.30B | $8.33B | $5.62B | $7.91B | $4.03B | $6.33B | $3.25B |
| Net Income | $60.46B | $62.36B | $39.10B | $23.20B | $39.37B | $29.15B | $18.49B | $22.11B |
| Net Margin | 30.1% | 37.9% | 29.0% | 19.9% | 33.4% | 33.9% | 26.1% | 39.6% |
| EPS (Basic) | $23.98 | $24.61 | $15.19 | $8.63 | $13.99 | $10.22 | $6.48 | $7.65 |
| EPS (Diluted) | $23.49 | $23.86 | $14.87 | $8.59 | $13.77 | $10.09 | $6.43 | $7.57 |
| Shares Outstanding (Basic) | 2.52B | 2.53B | 2.57B | 2.69B | 2.82B | 2.85B | 2.85B | 2.89B |
| Shares Outstanding (Diluted) | 2.57B | 2.61B | 2.63B | 2.70B | 2.86B | 2.89B | 2.88B | 2.92B |
| Dividends Per Share | $2.10 | $2.00 | — | — | — | — | — | — |