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.
Paying user area
Try for free
Meta Platforms Inc. pages available for free this week:
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 $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Meta Platforms Inc., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-03-31), 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).
Financial performance over the analyzed period demonstrates a trajectory of significant expansion, characterized by an initial period of volatility in 2022 followed by an aggressive acceleration in both top-line revenue and operating profitability through 2025.
- Revenue Performance
- A strong upward trend in revenue is observed, rising from 26,171 million USD in March 2021 to a peak of 59,894 million USD by December 2025. The growth pattern reveals a period of stagnation throughout 2022, where revenue fluctuated within a narrow band between 27,714 million USD and 32,165 million USD. However, from 2023 onward, revenue experienced accelerated growth, nearly doubling from the 2022 lows.
- Operating Expense Dynamics
- Research and development (R&D) expenditures show a consistent and aggressive increase, growing from 5,197 million USD in March 2021 to 17,699 million USD by March 2026. This represents the most significant growth area among operating expenses. In contrast, marketing and sales expenses remained relatively stable, showing a slight downward trend as a percentage of total revenue over time. General and administrative costs exhibit higher volatility, with a notable reduction in expenditure during late 2024 before returning to previous levels.
- Operational Profitability
- Income from operations experienced a significant contraction during 2022, reaching a low of 5,664 million USD in September 2022. This decline coincided with the plateau in revenue and rising R&D costs. A robust recovery is evident starting in 2023, with operating income scaling rapidly to reach a peak of 24,745 million USD in December 2025, indicating improved operational leverage and efficiency as revenue growth outpaced the increase in operating expenses.
- Net Income and Tax Impact
- Net income generally tracks the trend of operating income, though it is subject to substantial volatility due to tax provisions. A significant anomaly is observed in September 2025, where net income dropped to 2,709 million USD despite an operating income of 20,535 million USD, resulting from a large tax provision of 18,954 million USD. Conversely, the period ending March 2026 shows a substantial increase in net income to 26,773 million USD, bolstered by a tax benefit of 5,021 million USD.