Stock Analysis on Net
Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Meta Platforms Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable 2.57 3.48 3.04 2.78 2.99 1.38 1.70 2.11 2.02 1.50 1.99 2.69 2.16 2.36 1.98 2.46 1.29 0.57 0.54 0.84 0.76 0.66 0.60
Operating lease liabilities, current 0.70 0.67 0.71 0.70 0.79 0.83 0.75 0.71 0.68 0.68 0.80 0.74 0.72 0.75 0.71 0.68 0.64 0.62 0.64 0.64 0.67 0.64 0.60
Accrued expenses and other current liabilities 8.90 8.50 8.35 8.68 9.23 9.52 10.16 11.10 11.42 12.30 10.97 11.13 9.80 9.97 10.16 9.59 8.57 7.53 6.60 7.93 6.74 6.79 9.69
Current liabilities 12.16% 12.66% 12.09% 12.17% 13.00% 11.73% 12.61% 13.92% 14.12% 14.48% 13.76% 14.55% 12.68% 13.09% 12.84% 12.73% 10.50% 8.72% 7.78% 9.40% 8.16% 8.10% 10.89%
Operating lease liabilities, non-current 6.62 6.36 6.68 6.63 7.10 7.68 7.88 7.50 7.57 7.95 8.77 8.24 8.21 8.71 7.85 7.68 6.81 6.42 6.47 6.05 6.58 6.90 6.87
Long-term debt 9.49 9.78 10.29 10.44 11.24 7.99 8.25 8.01 8.50 8.89 5.38 5.34 5.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-term income taxes 3.86 4.09 3.92 3.62 3.58 3.43 3.50 3.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other liabilities 3.99 0.93 0.98 0.98 0.92 1.09 0.66 0.60 3.75 3.83 4.45 4.18 4.19 4.12 4.27 4.35 4.04 3.84 4.02 4.03 4.86 5.94 6.13
Non-current liabilities 23.97% 21.16% 21.87% 21.67% 22.83% 20.18% 20.29% 19.38% 19.82% 20.68% 18.60% 17.76% 17.95% 12.84% 12.12% 12.03% 10.86% 10.26% 10.49% 10.07% 11.45% 12.84% 13.01%
Total liabilities 36.13% 33.82% 33.97% 33.84% 35.83% 31.91% 32.90% 33.30% 33.94% 35.15% 32.36% 32.31% 30.63% 25.92% 24.96% 24.77% 21.36% 18.98% 18.26% 19.47% 19.60% 20.93% 23.90%
Common stock, $0.000006 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 30.39 30.02 30.54 30.15 31.49 34.00 33.83 31.90 32.93 33.46 36.06 34.70 34.71 35.30 35.02 33.62 32.04 30.97 31.29 31.40 33.40 34.22 33.74
Accumulated other comprehensive income (loss) 0.05 0.08 -0.67 -1.12 -0.46 -1.17 -1.19 -0.94 -1.64 -1.50 -1.62 -1.90 -2.83 -2.01 -1.22 -0.42 -0.12 0.17 0.09 0.58 0.21 -0.10 -0.39
Retained earnings 33.43 36.08 36.16 37.13 33.14 35.26 34.46 35.74 34.77 32.89 33.19 34.89 37.48 40.79 41.23 42.03 46.72 49.88 50.36 48.55 46.79 44.94 42.75
Stockholders’ equity 63.87% 66.18% 66.03% 66.16% 64.17% 68.09% 67.10% 66.70% 66.06% 64.85% 67.64% 67.69% 69.37% 74.08% 75.04% 75.23% 78.64% 81.02% 81.74% 80.53% 80.40% 79.07% 76.10%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Accounts payable
The accounts payable ratio relative to total liabilities and stockholders' equity exhibited an initial increase from 0.6% in March 2020 to a peak of 2.46% in December 2021. Following this peak, the ratio showed some volatility but remained elevated compared to the early periods, ending at 2.57% in September 2025. This suggests a growing reliance on accounts payable within the company's liability structure over time.
Operating lease liabilities, current
Current operating lease liabilities showed minor fluctuations, generally increasing from around 0.6% to a high of approximately 0.83% in June 2024 before declining slightly toward 0.7% at the end of the period. The trend reflects relative stability with slight growth in the company's short-term lease obligations.
Accrued expenses and other current liabilities
This component rose from 9.69% in early 2020 to a notable peak of 12.3% in June 2023. After this peak, the ratio declined gradually and stabilized around 8.9% by September 2025. The rise and fall may indicate fluctuations in accrued costs and other short-term liabilities possibly related to operational and financial activities.
Current liabilities
Current liabilities as a percentage of total liabilities and stockholders' equity showed an upward trend over the period, increasing from about 10.89% in March 2020 to a peak near 14.55% in December 2022, followed by some decrease and then slight fluctuations. This increase indicates greater short-term obligations relative to the company's capital base.
Operating lease liabilities, non-current
Non-current operating lease liabilities displayed a general increasing trend from 6.87% in March 2020 to around 8.77% in March 2023. Subsequently, the ratio declined steadily, ending near 6.62% in September 2025. This movement suggests adjustments in the company’s longer-term lease commitments over time.
Long-term debt
Long-term debt ratios became available only beginning in late 2022. From that point onward, there was a marked increase from 5.55% to a peak of 11.24% in March 2024, followed by a gradual decrease to 9.49% by June 2025. This pattern indicates an increasing use of long-term borrowing until early 2024, with modest deleveraging afterwards.
Long-term income taxes
This liability category began to be reported in early 2024, showing a consistent slight increase from 3.27% to 4.09% by September 2025, suggesting growing deferred tax obligations within the company.
Other liabilities
Other liabilities decreased significantly from 6.13% at the beginning of the period to a low point of 0.6% in December 2023, followed by a modest recovery to 3.99% by September 2025. The large drop and partial rebound may reflect reclassification or repayment of miscellaneous liabilities.
Non-current liabilities
Non-current liabilities exhibited a generally increasing trend from 13.01% in March 2020 to nearly 24% by September 2025, with some fluctuations. This represents a growing proportion of long-term obligations in relation to the company’s overall capital structure.
Total liabilities
Total liabilities as a share of total liabilities and stockholders’ equity rose from 23.9% in March 2020 to a peak around 36.13% in September 2025, marking an overall increased leverage over the five-year span.
Additional paid-in capital
Additional paid-in capital fluctuated slightly but remained within the range of 30% to 36%, showing no strong trend but a moderate decline starting from 36.06% in March 2023 to around 30.39% by September 2025. This may reflect changes in equity financing or treasury stock activity.
Accumulated other comprehensive income (loss)
This item was negative for most periods, showing some volatility with the most significant losses occurring in 2022. From a mildly negative position near zero in 2020, it declined to around -2.83% in September 2022, then improved somewhat to near zero by mid-2025. This indicates fluctuations in comprehensive income components such as foreign currency translation or investment valuation adjustments.
Retained earnings
Retained earnings as a portion of the total composition initially increased from 42.75% in March 2020 to about 50.36% in March 2021, then declined and stabilized around the mid-30% range through 2025. This reflects cycles of accumulated profits and possible dividend distributions or share repurchases impacting retained earnings.
Stockholders’ equity
Stockholders’ equity showed a decline from approximately 80% in 2020 to about 64% by September 2025. The decrease over time suggests greater reliance on liabilities financing relative to owned capital.
Overall capital structure
The data indicate a gradual shift towards increased leverage with total liabilities rising as a percentage of total liabilities and stockholders’ equity, while stockholders' equity decreased correspondingly. Both current and non-current liabilities increased, with fluctuations in lease liabilities and long-term debt contributing to this trend. The equity components showed modest declines or volatility but remained the dominant portion of the capital structure.