OpenNashEarnings

Internet & Advertising · Nasdaq: META

Meta Platforms earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 27 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Meta reported Q3 2026 revenue of $64.60 billion, an increase of 26% year-over-year, and diluted EPS of $3.83, which includes a $9.89 billion charge related to the agreement with U.S. State Attorneys General.

Meta's third quarter revenue was $64.60 billion, up 26%, driven by 10% more ad impressions and a 14% higher average price per ad. Profit fell sharply because of a $9.89 billion charge to settle teen mental health litigation with 52 attorneys general. Operating margin was 20% versus 40% a year earlier. Capital expenditures were $34.91 billion, and free cash flow turned negative at $2.12 billion. Meta also launched its Muse personal agent and announced a new non-voting Class C stock.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$64.6B+26.1% y/yQ3 2026
Q4 2024: $48.4B (worked out from the annual figure)Q4 ’24$48.4BQ1 2025: $42.3BQ1 ’25$42.3BQ2 2025: $47.5BQ2 ’25$47.5BQ3 2025: $51.2BQ3 ’25$51.2BQ4 2025: $59.9B (worked out from the annual figure)Q4 ’25$59.9BQ1 2026: $56.3BQ1 ’26$56.3BQ2 2026: $60.8BQ2 ’26$60.8BQ3 2026: $64.6BQ3 ’26$64.6B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$48.4B *
Q1 2025$42.3B
Q2 2025$47.5B
Q3 2025$51.2B
Q4 2025$59.9B *
Q1 2026$56.3B
Q2 2026$60.8B
Q3 2026$64.6B
Diluted EPS (GAAP)$3.83+264.8% y/yQ3 2026
Q1 2025: $6.43Q1 ’25$6.43Q2 2025: $7.14Q2 ’25$7.14Q3 2025: $1.05Q3 ’25$1.05Q1 2026: $10.44Q1 ’26$10.44Q2 2026: $6.18Q2 ’26$6.18Q3 2026: $3.83Q3 ’26$3.83
Data
Q1 2025$6.43
Q2 2025$7.14
Q3 2025$1.05
Q1 2026$10.44
Q2 2026$6.18
Q3 2026$3.83

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin20.1%−20.0 pts y/yQ3 2026
Q4 2024: 48.3%Q4 ’2448.3%Q1 2025: 41.5%Q1 ’2541.5%Q2 2025: 43.0%Q2 ’2543.0%Q3 2025: 40.1%Q3 ’2540.1%Q4 2025: 41.3%Q4 ’2541.3%Q1 2026: 40.6%Q1 ’2640.6%Q2 2026: 30.9%Q2 ’2630.9%Q3 2026: 20.1%Q3 ’2620.1%
Data
Q4 202448.3%
Q1 202541.5%
Q2 202543.0%
Q3 202540.1%
Q4 202541.3%
Q1 202640.6%
Q2 202630.9%
Q3 202620.1%
Free cash flow-$1.2BQ3 2026
Q4 2024: $13.6BQ4 ’24$13.6BQ1 2025: $11.1BQ1 ’25$11.1BQ2 2025: $9.0BQ2 ’25$9.0BQ3 2025: $11.2BQ3 ’25$11.2BQ4 2025: $14.8BQ4 ’25$14.8BQ1 2026: $13.2BQ1 ’26$13.2BQ2 2026: $1.7BQ2 ’26$1.7BQ3 2026: -$1.2BQ3 ’26-$1.2B
Data
Q4 2024$13.6B
Q1 2025$11.1B
Q2 2025$9.0B
Q3 2025$11.2B
Q4 2025$14.8B
Q1 2026$13.2B
Q2 2026$1.7B
Q3 2026-$1.2B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$48.4Bd$42.3B$47.5B$51.2B$59.9Bd$56.3B$60.8B$64.6B
Operating income$23.4Bd$17.6B$20.4B$20.5B$24.7Bd$22.9B$18.8B$13.0B
Operating margin48.3%41.5%43.0%40.1%41.3%40.6%30.9%20.1%
Net income$20.8Bd$16.6B$18.3B$2.7B$22.8Bd$26.8B$15.8B$9.9B
Diluted EPS—$6.43$7.14$1.05—$10.44$6.18$3.83
Operating cash flow$28.0Bd$24.0B$25.6Bd$30.0Bd$36.2Bd$32.2B$31.9Bd$32.8Bd
Capital expenditure$14.4Bd$12.9B$16.5Bd$18.8Bd$21.4Bd$19.0B$30.1Bd$33.9Bd
Free cash flow$13.6B$11.1B$9.0B$11.2B$14.8B$13.2B$1.7B-$1.2B
R&D expense$12.2Bd$12.2B$12.9B$15.1B$17.1Bd$17.7B$21.7B$20.1B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings