Common-Size Income Statement
Quarterly Data
Paying user area
Try for free
Meta Platforms Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2012
- Total Asset Turnover since 2012
- Price to Earnings (P/E) since 2012
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Meta Platforms Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Meta Platforms Inc., common-size consolidated income statement (quarterly data)
Based on: 10-K (reporting date: 2025-12-31), 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).
The financial performance, as represented by common-size income statements, reveals several notable trends over the observed period. Revenue consistently represents 100% of itself, as expected. However, significant fluctuations are evident in profitability metrics and operating expenses.
- Gross Profit
- Gross profit as a percentage of revenue generally remained strong, fluctuating between approximately 78% and 82% for most of the period. A substantial decline to 74.08% occurred in December 2022, followed by a recovery to around 78-82% in subsequent quarters. This suggests potential temporary pressures on cost of goods sold during that period.
- Cost of Revenue
- Cost of revenue as a percentage of revenue exhibited an increasing trend, particularly from 2021 to 2022, peaking at -25.92% in December 2022. This increase contributed to the aforementioned decline in gross profit during that quarter. Subsequently, cost of revenue stabilized, generally ranging between -17.87% and -21.52%.
- Operating Expenses
- Research and development expenses consistently represented a significant portion of revenue, starting around -20% and increasing to over -33% in late 2022 before decreasing to around -25% to -29% in later periods. Marketing and sales expenses showed a decreasing trend, moving from approximately -11% to -14% in the earlier periods to around -6% to -8% in the later periods. General and administrative expenses were relatively stable until a significant increase in June 2023 (-13.01%), followed by a sharp decrease to -4.59% in September 2024, and then a moderate increase to -6.85% in September 2025. These expense trends significantly impacted income from operations.
- Income from Operations
- Income from operations demonstrated considerable volatility. It began around 42-43% of revenue, declined substantially to around 20% in 2022, and then showed a recovery, reaching approximately 40-48% in the later periods. This fluctuation directly correlates with the changes in gross profit and operating expenses.
- Net Income
- Net income as a percentage of revenue followed a similar pattern to income from operations, starting around 35-36%, declining to around 14-15% in 2022, and then recovering to approximately 33-39% in the later periods. A dramatic decrease to 5.29% occurred in September 2025, driven by a substantial increase in the provision for income taxes.
- Interest and Other Income (Expense), Net
- Interest and other income (expense), net, was generally a small percentage of revenue, fluctuating between positive and negative values. A notable increase to 2.20% occurred in September 2025, potentially offsetting some of the impact of the increased provision for income taxes.
- Provision for Income Taxes
- The provision for income taxes as a percentage of revenue was relatively stable around -7% to -8% for much of the period. However, a significant increase to -36.99% occurred in September 2025, substantially reducing net income for that quarter.
Overall, the period demonstrates a challenging phase in late 2022 with increased costs and reduced profitability, followed by a recovery and stabilization in subsequent periods. The significant fluctuations in September 2025, particularly regarding the provision for income taxes, warrant further investigation.