Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

	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	7,798)	10,271)	8,512)	7,687)	7,656)	3,173)	3,785)	4,849)	4,372)	3,093)	3,672)	4,990)	3,871)	4,008)	3,246)	4,083)	2,195)	973)	878)	1,331)	1,106)	920)	829)
Operating lease liabilities, current	2,113)	1,977)	1,976)	1,942)	2,016)	1,917)	1,676)	1,623)	1,460)	1,396)	1,479)	1,367)	1,291)	1,275)	1,159)	1,127)	1,086)	1,051)	1,040)	1,023)	975)	899)	835)
Accrued expenses and other current liabilities	27,047)	25,057)	23,402)	23,967)	23,658)	21,914)	22,640)	25,488)	24,699)	25,432)	20,230)	20,669)	17,525)	16,934)	16,681)	15,925)	14,531)	12,850)	10,799)	12,627)	9,863)	9,489)	13,405)
Current liabilities	36,958)	37,305)	33,890)	33,596)	33,330)	27,004)	28,101)	31,960)	30,531)	29,921)	25,381)	27,026)	22,687)	22,217)	21,086)	21,135)	17,812)	14,874)	12,717)	14,981)	11,944)	11,308)	15,069)
Operating lease liabilities, non-current	20,113)	18,751)	18,714)	18,292)	18,208)	17,685)	17,570)	17,226)	16,374)	16,440)	16,171)	15,301)	14,687)	14,792)	12,894)	12,746)	11,554)	10,956)	10,574)	9,631)	9,641)	9,633)	9,509)
Long-term debt	28,834)	28,832)	28,829)	28,826)	28,823)	18,389)	18,387)	18,385)	18,383)	18,382)	9,925)	9,923)	9,922)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Long-term income taxes	11,738)	12,046)	10,991)	9,987)	9,171)	7,897)	7,795)	7,514)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other liabilities	12,135)	2,740)	2,760)	2,716)	2,347)	2,500)	1,462)	1,370)	8,113)	7,912)	8,219)	7,764)	7,504)	7,003)	7,010)	7,227)	6,859)	6,552)	6,575)	6,414)	7,121)	8,303)	8,489)
Non-current liabilities	72,820)	62,369)	61,294)	59,821)	58,549)	46,471)	45,214)	44,495)	42,870)	42,734)	34,315)	32,988)	32,113)	21,795)	19,904)	19,973)	18,413)	17,508)	17,149)	16,045)	16,762)	17,936)	17,998)
Total liabilities	109,778)	99,674)	95,184)	93,417)	91,879)	73,475)	73,315)	76,455)	73,401)	72,655)	59,696)	60,014)	54,800)	44,012)	40,990)	41,108)	36,225)	32,382)	29,866)	31,026)	28,706)	29,244)	33,067)
Common stock, $0.000006 par value	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Additional paid-in capital	92,330)	88,496)	85,568)	83,228)	80,749)	78,270)	75,391)	73,253)	71,224)	69,159)	66,535)	64,444)	62,092)	59,929)	57,512)	55,811)	54,334)	52,845)	51,160)	50,018)	48,910)	47,805)	46,688)
Accumulated other comprehensive income (loss)	159)	229)	(1,865)	(3,097)	(1,192)	(2,695)	(2,655)	(2,155)	(3,556)	(3,106)	(2,981)	(3,530)	(5,054)	(3,411)	(1,996)	(693)	(207)	285)	154)	927)	308)	(142)	(544)
Retained earnings	101,577)	106,345)	101,326)	102,506)	84,972)	81,188)	76,793)	82,070)	75,205)	67,980)	61,241)	64,799)	67,056)	69,249)	67,712)	69,761)	79,233)	85,097)	82,343)	77,345)	68,513)	62,784)	59,160)
Stockholders’ equity	194,066)	195,070)	185,029)	182,637)	164,529)	156,763)	149,529)	153,168)	142,873)	134,033)	124,795)	125,713)	124,094)	125,767)	123,228)	124,879)	133,360)	138,227)	133,657)	128,290)	117,731)	110,447)	105,304)
Total liabilities and stockholders’ equity	303,844)	294,744)	280,213)	276,054)	256,408)	230,238)	222,844)	229,623)	216,274)	206,688)	184,491)	185,727)	178,894)	169,779)	164,218)	165,987)	169,585)	170,609)	163,523)	159,316)	146,437)	139,691)	138,371)

Current Liabilities: The current liabilities demonstrate considerable volatility over the analyzed periods. Initially, accounts payable increased sharply from 829 million USD in Q1 2020 to a peak of 4083 million USD in Q4 2021, followed by a notable decline and subsequent fluctuations, culminating in a steep rise to over 10 billion USD by Q4 2025. Accrued expenses and other current liabilities fluctuated but exhibited an overall upward trend from approximately 13.4 billion USD in Q1 2020 to 27 billion USD in Q3 2025. The total current liabilities followed a similar pattern, rising from about 15 billion USD to peaks above 37 billion USD before stabilizing somewhat near 37 billion USD.
Non-current Liabilities: Non-current liabilities present a broadly increasing trajectory with some variability. Operating lease liabilities, both current and non-current, gradually increased, reflecting a growing obligation related to leases from around 8.3 billion USD (combined) in Q1 2020 to approximately 23 billion USD at the end of the reported period. Long-term debt data is absent until late 2022, where it appears around 9.9 billion USD and then roughly doubles to 28.8 billion USD by Q4 2025, indicating significant new debt issuance or refinancing. Long-term income taxes show a rising trend from Q4 2023 onward, reaching over 12 billion USD by Q3 2025. Other liabilities shifted downward markedly in Q1 2024, followed by a pronounced increase at the end, notably in Q4 2025, suggesting reconciliation or reclassification events. The total non-current liabilities more than tripled from about 18 billion USD in Q1 2020 to over 72 billion USD by the end of Q4 2025.
Total Liabilities: Total liabilities grew significantly across the timeframe, from approximately 33 billion USD in early 2020 to nearly 110 billion USD by late 2025, indicating extensive increases in both short-term and long-term obligations. The pace of growth accelerated notably after 2021, especially influenced by spikes in accounts payable, operating lease liabilities, and long-term debt.
Stockholders' Equity: Stockholders’ equity experienced a steady upward trend, beginning at around 105 billion USD in Q1 2020 and increasing to a peak exceeding 195 billion USD in mid-2025. Notably, accumulated other comprehensive income displayed substantial fluctuations, alternating between negative and positive values without a clear directional trend; it remained mostly negative in recent years but spiked positively toward the final quarters. Retained earnings grew unevenly, with a general upward pattern but periods of decline particularly evident between late 2020 and mid-2022. Additional paid-in capital consistently increased, indicating ongoing capital contributions or retained earnings reinvestment.
Overall Balance Sheet Position: The total of liabilities and stockholders’ equity rose from about 138 billion USD in Q1 2020 to over 303 billion USD by Q4 2025, reflecting robust expansion in the company’s financial scale. This growth is driven by both asset-financed obligations and increasing equity, with the proportion of liabilities rising significantly, particularly non-current liabilities. The data reflects expanding operational and financial complexity, with rising lease commitments, debt levels, and comprehensive equity growth.

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Meta Platforms Inc. (NASDAQ:META)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data