Name: Meta Platforms Inc. (NASDAQ:META) | Income Statement (Quarterly)
Creator: Stock Analysis on Net

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Download chart

Meta Platforms Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Sep 30, 2026	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
Revenue	64,601)	60,801)	56,311)	59,894)	51,242)	47,516)	42,314)	48,386)	40,589)	39,071)	36,455)	40,112)	34,146)	31,999)	28,645)	32,165)	27,714)	28,822)	27,908)	33,671)	29,010)	29,077)	26,171)
Cost of revenue	(13,369)	(11,330)	(10,218)	(10,906)	(9,206)	(8,491)	(7,572)	(8,838)	(7,375)	(7,308)	(6,640)	(7,696)	(6,210)	(5,945)	(6,108)	(8,336)	(5,716)	(5,192)	(6,005)	(6,348)	(5,771)	(5,399)	(5,131)
Gross profit	51,232)	49,471)	46,093)	48,988)	42,036)	39,025)	34,742)	39,548)	33,214)	31,763)	29,815)	32,416)	27,936)	26,054)	22,537)	23,829)	21,998)	23,630)	21,903)	27,323)	23,239)	23,678)	21,040)
Research and development	(20,054)	(21,656)	(17,699)	(17,136)	(15,144)	(12,942)	(12,150)	(12,181)	(11,177)	(10,537)	(9,978)	(10,517)	(9,241)	(9,344)	(9,381)	(9,771)	(9,170)	(8,690)	(7,707)	(7,046)	(6,316)	(6,096)	(5,197)
Marketing and sales	(3,333)	(3,431)	(2,908)	(3,410)	(2,845)	(2,979)	(2,757)	(3,240)	(2,822)	(2,721)	(2,564)	(3,226)	(2,877)	(3,154)	(3,044)	(4,575)	(3,780)	(3,595)	(3,312)	(4,387)	(3,554)	(3,259)	(2,843)
General and administrative	(14,857)	(5,609)	(2,614)	(3,697)	(3,512)	(2,663)	(2,280)	(762)	(1,865)	(3,658)	(3,455)	(2,289)	(2,070)	(4,164)	(2,885)	(3,085)	(3,384)	(2,987)	(2,360)	(3,305)	(2,946)	(1,956)	(1,622)
Income from operations	12,988)	18,775)	22,872)	24,745)	20,535)	20,441)	17,555)	23,365)	17,350)	14,847)	13,818)	16,384)	13,748)	9,392)	7,227)	6,398)	5,664)	8,358)	8,524)	12,585)	10,423)	12,367)	11,378)
Interest and other income (expense), net	13)	(19)	(1,120)	608)	1,128)	93)	827)	187)	472)	259)	365)	424)	272)	(99)	80)	(249)	(88)	(172)	384)	118)	142)	146)	125)
Income before income taxes	13,001)	18,756)	21,752)	25,353)	21,663)	20,534)	18,382)	23,552)	17,822)	15,106)	14,183)	16,808)	14,020)	9,293)	7,307)	6,149)	5,576)	8,186)	8,908)	12,703)	10,565)	12,513)	11,503)
(Provision) benefit for income taxes	(3,141)	(2,908)	5,021)	(2,585)	(18,954)	(2,197)	(1,738)	(2,714)	(2,134)	(1,641)	(1,814)	(2,790)	(2,437)	(1,505)	(1,598)	(1,496)	(1,181)	(1,499)	(1,443)	(2,418)	(1,371)	(2,119)	(2,006)
Net income	9,860)	15,848)	26,773)	22,768)	2,709)	18,337)	16,644)	20,838)	15,688)	13,465)	12,369)	14,018)	11,583)	7,788)	5,709)	4,653)	4,395)	6,687)	7,465)	10,285)	9,194)	10,394)	9,497)

Revenue exhibits a strong long-term upward trajectory, growing from 26.17 billion USD in March 2021 to 64.60 billion USD by September 2026. While growth was relatively stagnant throughout 2022, a significant acceleration occurred starting in 2023, with quarterly revenues consistently exceeding 40 billion USD from the fourth quarter of 2024 onwards.

Gross Profitability: Gross profit mirrors the revenue trend, increasing from 21.04 billion USD in early 2021 to 51.23 billion USD in September 2026. The cost of revenue has scaled proportionally with growth, although it remained relatively stable during the 2022 period of decelerated revenue growth.
Operating Expenditure Trends: Research and development costs demonstrate a consistent and aggressive increase, rising from 5.20 billion USD in March 2021 to 20.05 billion USD in September 2026, indicating a sustained commitment to technical investment. Marketing and sales expenses remained comparatively stable throughout the analyzed period. Conversely, General and Administrative expenses exhibited extreme volatility, culminating in a substantial increase to 14.86 billion USD in the final quarter of the period.
Operating Income Performance: Income from operations peaked at 23.37 billion USD in December 2024 but experienced a downward trend thereafter, falling to 12.99 billion USD by September 2026. This decline is primarily attributable to the sharp escalation in operating expenses, particularly in research, development, and general administration, which offset the gains in top-line revenue.
Net Income and Tax Volatility: Net income displays significant fluctuations, most notably in September 2025, where a tax provision of 18.95 billion USD resulted in net income dropping to 2.71 billion USD. Despite this anomaly, net income generally tracked with operating performance until 2026, when increased operational costs led to a reduction in quarterly net earnings to 9.86 billion USD by September 2026.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

Meta Platforms Inc. (NASDAQ:META)

Income StatementQuarterly Data

Income Statement
Quarterly Data