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Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.

Metric	Dec '27 (E)	Dec '26 (E)	Dec '25 (E)	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20
Adjusted Revenue			199,452.5
Adjusted Gross Profit			—
Adjusted Gross Margin			—
Adjusted EBIT			82,327.3
Adjusted EBIT Margin			41.3%
Adjusted EBITDA			121,734.1
Adjusted EBITDA Margin			61%
Adjusted Net Income			59,502.3
Adjusted Net Income Margin			29.8%
Adjusted EPS			25
Adjusted Free Cash Flow (FCF)			42,463.4
Adjusted Free Cash Flow Margin			21.3%
Adjusted Capital Expenditures			-70,418.1