Stock Analysis on Net

Meta Platforms Inc. (NASDAQ:META)

$24.99

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.

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

US$ in millions

Microsoft Excel
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
Accounts payable
Operating lease liabilities, current
Accrued expenses and other current liabilities
Current liabilities
Operating lease liabilities, non-current
Long-term debt
Long-term income taxes
Other liabilities
Non-current liabilities
Total liabilities
Common stock and additional paid-in capital, $0.000006 par value
Accumulated other comprehensive income (loss)
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

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).


The balance sheet exhibits substantial expansion in both total liabilities and stockholders' equity over the period from March 2021 to March 2026. Total liabilities and stockholders' equity grew from 163.5 billion USD to 395.2 billion USD, indicating a significant increase in the overall scale of the company's capital structure.

Liability Trends and Obligations
Current liabilities experienced a steady increase, rising from 12.7 billion USD in March 2021 to 46.7 billion USD by March 2026. This growth was largely propelled by accrued expenses and other current liabilities, which increased from 10.8 billion USD to 31.0 billion USD. Accounts payable remained relatively stable until 2024, after which a sharp upward trend occurred, peaking at 13.3 billion USD in March 2026.
Long-Term Debt Evolution
A fundamental shift in financing strategy is observed in the long-term debt profile. The company held no recorded long-term debt until September 2022, when it first appeared at 9.9 billion USD. Debt levels then escalated in stages, reaching 28.8 billion USD by September 2024 and surging to 58.7 billion USD by December 2025. This contributes significantly to the rise in non-current liabilities, which climbed from 17.1 billion USD in March 2021 to 104.8 billion USD in March 2026.
Equity and Retained Earnings Analysis
Stockholders' equity demonstrated a general upward trend, growing from 133.6 billion USD to 243.6 billion USD. Common stock and additional paid-in capital grew consistently from 51.1 billion USD to 99.3 billion USD. Retained earnings showed more volatility; after an initial decline from 82.3 billion USD in March 2021 to a low of 61.2 billion USD in March 2023, there was a period of aggressive growth, ending at 144.6 billion USD in March 2026.
Capital Structure and Leverage Insights
The company transitioned from a low-leverage position in 2021 to a more leveraged structure by 2026. While the growth in total liabilities from 29.8 billion USD to 151.5 billion USD is substantial, the concurrent increase in stockholders' equity suggests a balanced approach to financing expansion. The sharp increase in long-term debt toward the end of the period indicates a strategic move to increase long-term borrowing to fund operations or investments.