Balance Sheet: Assets
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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Meta Platforms Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	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
Cash and cash equivalents	15,462)	23,426)	35,873)	10,187)	12,005)	28,750)	43,889)	43,852)	32,045)	32,307)	41,862)	36,890)	28,785)	11,551)	14,681)	14,308)	12,681)	14,886)	16,601)	14,496)	16,186)	19,513)
Marketable securities	74,798)	57,754)	45,719)	34,261)	35,066)	41,480)	33,926)	27,048)	26,035)	25,813)	23,541)	24,233)	24,661)	25,888)	26,057)	27,468)	27,808)	29,004)	31,397)	43,579)	47,894)	44,706)
Accounts receivable, net	21,752)	17,470)	19,769)	17,297)	16,561)	14,514)	16,994)	14,700)	14,505)	13,430)	16,169)	12,944)	12,511)	11,044)	13,466)	11,227)	11,525)	11,390)	14,039)	12,088)	11,698)	10,276)
Prepaid expenses and other current assets	13,463)	11,115)	7,361)	11,373)	9,981)	5,483)	5,236)	5,467)	3,846)	3,780)	3,793)	4,311)	3,603)	4,000)	5,345)	5,312)	3,973)	3,985)	4,629)	5,258)	4,919)	2,827)
Current assets	125,475)	109,765)	108,722)	73,118)	73,613)	90,227)	100,045)	91,067)	76,431)	75,330)	85,365)	78,378)	69,560)	52,483)	59,549)	58,315)	55,987)	59,265)	66,666)	75,421)	80,697)	77,322)
Non-marketable equity investments	30,157)	28,410)	27,524)	25,074)	21,988)	6,168)	6,070)	6,071)	6,207)	6,218)	6,141)	6,142)	6,208)	6,167)	6,201)	6,528)	6,536)	6,775)	6,775)	6,758)	6,393)	6,342)
Property and equipment, net	225,724)	194,776)	176,400)	160,270)	147,039)	133,567)	121,346)	112,162)	102,959)	98,908)	96,587)	91,772)	87,949)	84,156)	79,518)	73,738)	67,588)	61,582)	57,809)	53,726)	50,909)	47,720)
Operating lease right-of-use assets	23,985)	23,268)	20,404)	17,372)	15,662)	15,505)	14,922)	14,812)	14,058)	13,555)	13,294)	13,033)	12,955)	12,899)	12,673)	13,641)	14,130)	12,241)	12,155)	11,063)	10,525)	10,202)
Goodwill	23,406)	24,748)	24,534)	21,158)	20,654)	20,654)	20,654)	20,654)	20,654)	20,654)	20,654)	20,668)	20,659)	20,649)	20,306)	20,268)	20,229)	19,923)	19,197)	19,065)	19,219)	19,056)
Other assets	21,209)	14,283)	8,437)	6,852)	15,788)	14,092)	13,017)	11,642)	9,929)	8,179)	7,582)	6,281)	9,357)	8,137)	7,480)	6,404)	5,309)	4,432)	3,385)	3,552)	2,866)	2,881)
Non-current assets	324,481)	285,485)	257,299)	230,726)	221,131)	189,986)	176,009)	165,341)	153,807)	147,514)	144,258)	137,896)	137,128)	132,008)	126,178)	120,579)	113,792)	104,953)	99,321)	94,164)	89,912)	86,201)
Total assets	449,956)	395,250)	366,021)	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)

Total assets exhibit a substantial upward trajectory, expanding from 163.5 billion US dollars in March 2021 to 449.9 billion US dollars by June 2026. This growth is characterized by a period of relative stability through 2021 and early 2022, followed by a sharp acceleration in the total asset base starting in 2023.

Infrastructure and Fixed Asset Expansion: The most significant driver of asset growth is Property and Equipment, net, which increased consistently from 47.7 billion US dollars in March 2021 to 225.7 billion US dollars by June 2026. This steady and aggressive accumulation of fixed assets indicates a massive scale-up in physical infrastructure and capital expenditure over the analyzed period.
Liquidity and Cash Management: Current assets grew from 77.3 billion US dollars to 125.5 billion US dollars. However, the composition of these assets shows notable volatility. Cash and cash equivalents fluctuated significantly, peaking at 43.8 billion US dollars in late 2024 before experiencing a sharp decline in mid-2025. Conversely, marketable securities, which declined from 44.7 billion US dollars in 2021 to a low of 23.5 billion US dollars in December 2023, saw a strong recovery and surge to 74.8 billion US dollars by June 2026.
Working Capital Trends: Accounts receivable, net, demonstrated a gradual and consistent upward trend, rising from 10.2 billion US dollars to 21.7 billion US dollars. This increase suggests a corresponding growth in revenue and credit extended to customers. Prepaid expenses and other current assets remained relatively stable until 2025, after which a marked increase was observed, reaching 13.4 billion US dollars by June 2026.
Strategic and Non-Current Investments: Non-marketable equity investments remained nearly stagnant at approximately 6 billion US dollars from March 2021 through March 2024. A significant shift occurred in mid-2025, where these investments surged to 21.9 billion US dollars and continued to grow to 30.1 billion US dollars by June 2026. Goodwill remained stable for most of the period around 20.6 billion US dollars, with a slight increase observed in 2025.

The overall shift in the balance sheet structure reveals a transition toward a more asset-heavy model, with non-current assets growing from 86.2 billion US dollars to 324.4 billion US dollars. This expansion is predominantly fueled by investments in property and equipment and a recent increase in non-marketable equity, reflecting a strategic pivot toward large-scale infrastructure and long-term investments.

Meta Platforms Inc. (NASDAQ:META)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Meta Platforms Inc. (NASDAQ:META)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data