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.

Meta Platforms, Inc.

Revenue

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Revenue Common Size

Cost of Revenue

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Cost of Revenue Common Size

Research and Development

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Marketing and Sales

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General and Administrative

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Total Costs and Expenses

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Income from Operations

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Income from Operations Common Size

Interest and Other Income, Net

Interest and Other Income, Net %Chg

Interest and Other Income, Net Common Size

Income Before Provision for Income Taxes

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Income Before Provision for Income Taxes Common Size

Provision for Income Taxes

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Provision for Income Taxes Common Size

Net Income

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Net Income Common Size

Less: Net Income Attributable to Participating Securities

Less: Net Income Attributable to Participating Securities %Chg

Less: Net Income Attributable to Participating Securities Common Size

Net Income Attributable to Class a and Class B Common Stockholders

Net Income Attributable to Class a and Class B Common Stockholders %Chg

Net Income Attributable to Class a and Class B Common Stockholders Common Size

Basic

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Basic Common Size

Diluted

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Total Revenues

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Cost of Sales

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Gross Profit

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Selling, General & Administrative Expenses

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Research & Development Expenses

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Operating Profit

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Operating Margin

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Operating Margin Common Size

Non-Operating Income

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Total Non-Operating Income

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Consolidated Net Income

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Net Income Attributable to Minority Interests and Other

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Net Income Attributable to Minority Interests and Other Common Size

Net Income Attributable to Common Shareholders

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Basic EPS

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Diluted EPS

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Basic Weighted Average Shares Outstanding

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Diluted Weighted Average Shares Outstanding

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EBITDA

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Effective Tax Rate

EBIT

CapEx

Net Interest Income

Assets

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Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Jun '25	Dec '24	Jun '24	Dec '23	Jun '23	Dec '22
Total Revenues	89,830	88,974	75,527	74,257	60,645	59,880
Total Revenues %Chg	18.9%	19.8%	24.5%	24%	6.9%	-4.5%
Revenue
Cost of Sales	16,063	16,213	13,948	13,905	12,054	14,052
Cost of Revenue
Gross Profit	73,767	72,761	61,579	60,352	48,591	45,828
Gross Profit Margin	82.1%	81.8%	81.5%	81.3%	80.1%	76.5%
Selling, General & Administrative Expenses	10,678	8,688	12,399	10,462	13,247	14,824
Marketing and Sales
General and Administrative
Research & Development Expenses	25,092	23,358	20,515	19,758	18,725	18,941
Research and Development
Operating Profit	37,997	40,715	28,665	30,132	16,619	12,063
Income from Operations
Operating Margin	42.3%	45.8%	38%	40.6%	27.4%	20.1%
Non-Operating Income	919	659	624	696	-19	-338
Interest and Other Income, Net
Total Non-Operating Income	919	659	624	696	-19	-338
Income Before Provision for Income Taxes	38,916	41,374	29,289	30,828	16,600	11,725
Income Before Provision for Income Taxes
Provision for Income Taxes	3,935	4,848	3,455	5,228	3,102	2,677
Provision for Income Taxes
Consolidated Net Income	34,981	36,526	25,834	25,600	13,498	9,048
Net Income
Net Income Attributable to Minority Interests and Other	—	—	—	—	—	—
Less: Net Income Attributable to Participating Securities
Net Income Attributable to Common Shareholders	34,981	36,526	25,834	25,600	13,498	9,048
Net Income Attributable to Class a and Class B Common Stockholders
Basic EPS	13.9	14.4	10.2	10	5.2	3.4
Diluted EPS	13.6	14	9.9	9.7	5.2	3.4
Basic Weighted Average Shares Outstanding	2,522	2,528	2,540	2,571	2,577	2,660
Total Shares Outstanding	2,516	2,534	2,533	2,561	2,573	2,614
Diluted Weighted Average Shares Outstanding	2,580	2,609	2,619	2,654	2,604	2,675
EBITDA	46,239	49,202	35,676	36,163	21,766	16,614
Effective Tax Rate	10.1%	11.7%	11.8%	17%	18.7%	22.8%