Meta Platforms, Inc.

META 10-K · Q4 2025

META Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 59,893 48,385 +23.8%
Show Product Lines breakouts
Advertising · Family of Apps 58,138 46,783 +24.3%
Service Other · Family of Apps 800 519 +54.1%
Show Business Segments breakouts
Family of Apps 58,938 47,302 +24.6%
Reality Labs 955 1,083 -11.8%
Show Geography breakouts
Asia Pacific 15,416 12,487 +23.5%
Europe 14,254 11,599 +22.9%
Rest Of World [Member] 6,388 4,998 +27.8%
US & Canada [Member] 23,835 19,301 +23.5%
Cost of Revenue 10,906 8,839 +23.4%
Research & Development 17,135 12,180 +40.7%
Sales & Marketing 3,410 3,240 +5.2%
General & Administrative 3,697 762 +385.2%
Total Costs & Expenses 35,148 25,021 +40.5%
Operating Income 24,745 23,364 +5.9%
Show Business Segments breakouts
Family of Apps 30,767 28,331 +8.6%
Reality Labs -6,022 -4,967 -21.2%
Non-Operating Income (Expense) 609 188 +223.9%
Income Before Taxes 25,354 23,552 +7.7%
Income Tax Expense (Benefit) 2,586 2,714 -4.7%
Net Income 22,768 20,838 +9.3%
Show Equity Components breakouts
Retained Earnings 22,768 20,838 +9.3%
EPS (Basic) 9.02 8.24 +9.5%
EPS (Diluted) 8.87 7.98 +11.2%
Wtd Avg Shares (Basic) 1 -2 +150.0%
Show Statement Class Of Stock breakouts
Common Class A 1 -1 +200.0%
Common Class B 0 -1 +100.0%
Wtd Avg Shares (Diluted) -4 -1 -300.0%
Comprehensive Income 22,880 18,933 +20.8%
Other Comprehensive Income 112 -1,905 +105.9%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 112 -1,905 +105.9%
Labor And Related Expense -13,796 -10,334 -33.5%
Show Business Segments breakouts
Family of Apps -10,932 -7,836 -39.5%
Reality Labs -2,864 -2,498 -14.7%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 35,873 43,889 -18.3%
Marketable Securities (Current) 45,719 33,926 +34.8%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 28,242 19,168 +47.3%
Fair Value Inputs Level2 17,477 14,758 +18.4%
Accounts Receivable 19,769 16,994 +16.3%
Prepaid Expenses & Other Current Assets 7,361 5,236 +40.6%
Total Current Assets 108,722 100,045 +8.7%
Non-Current Assets
Operating Lease Right-of-Use Assets 20,404 14,922 +36.7%
Goodwill 24,534 20,654 +18.8%
Show Business Segments breakouts
Family of Apps 23,028 19,246 +19.7%
Reality Labs 1,506 1,408 +7.0%
Show Business Acquisition breakouts
Series Of Individually Immaterial Business Acquisitions 3.88
Other Non-Current Assets 8,437 13,017 -35.2%
Total Assets 366,021 276,054 +32.6%
Intangible Assets 3,295 490 +572.4%
Show Finite Lived Intangible Assets By Major Class breakouts
Computer Software Intangible Asset 2,201 192 +1046.4%
Other Intangible Assets 97 16 +506.2%
Patents 81 87 -6.9%
Technology Based Intangible Assets 916 195 +369.7%
Other Assets
Nonmarketable Equity Securities Carrying Value 27,524 6,070 +353.4%
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 176,400 121,346 +45.4%
Current Liabilities
Accounts Payable Trade Current 8,894 7,687 +15.7%
Operating Lease Liability Current 2,213 1,942 +14.0%
Accrued Liabilities 30,729 23,967 +28.2%
Total Current Liabilities 41,836 33,596 +24.5%
Non-Current Liabilities
Operating Lease Liabilities 22,940 18,292 +25.4%
Long-Term Debt 58,744 28,826 +103.8%
Accrued Income Taxes Noncurrent 21,005 9,987 +110.3%
Other Non-Current Liabilities 4,253 2,716 +56.6%
Total Liabilities 148,778 93,417 +59.3%
Long-Term Debt 58,744 28,826 +103.8%
Stockholders' Equity
Additional Paid-In Capital 95,793 83,228 +15.1%
Accumulated Other Comprehensive Income 271 -3,097 +108.8%
Retained Earnings 121,179 102,506 +18.2%
Total Stockholders' Equity 217,243 182,637 +18.9%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 271 -3,097 +108.8%
Additional Paid In Capital 95,793 83,228 +15.1%
Retained Earnings 121,179 102,506 +18.2%
Total Liabilities & Equity 366,021 276,054 +32.6%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Depreciation & Amortization 5,411 4,460 +21.3%
Stock-Based Compensation 5,890 4,262 +38.2%
Other Non-Cash Items 37 -66 +156.1%
Change in Accounts Receivable -2,475 -2,978 +16.9%
Change in Prepaid & Other Assets 259 -530 +148.9%
Increase Decrease In Other Operating Assets -272 -200 -36.0%
Increase Decrease In Accounts Payable Trade 623 568 +9.7%
Increase Decrease In Accrued Liabilities 3,960 1,522 +160.2%
Change in Other Liabilities -431 1,114 -138.7%
Net Cash from Operations 36,214 27,988 +29.4%
Deferred Income Taxes 1,051 -1,331 +179.0%
Investing Activities
Capital Expenditures -21,383 -14,425 -48.2%
Payments For Equity Securities Without Readily Determinable Fair Value -70 -1 -6900.0%
Payments To Acquire Businesses Net Of Cash Acquired And Purchases Of Intangible And Other Assets -3,416 -9 -37855.6%
Other Investing Activities 230 18 +1177.8%
Net Cash from Investing -34,187 -21,498 -59.0%
Financing Activities
Tax Withholding for Share Compensation -4,272 -3,857 -10.8%
Share Repurchases 0 0
Payments Of Dividends -1,338 -1,270 -5.4%
Finance Lease Principal Payments -754 -411 -83.5%
Proceeds From Payments For Other Financing Activities 1,607 73 +2101.4%
Net Cash from Financing 25,149 -5,465 +560.2%
Supplemental
Income Taxes Paid 1,285 2,228 -42.3%
Interest Paid 93 130 -28.5%
Unpaid Capital Expenditures 195 -90 +316.7%
Acquisition Of Business And Intangible Assets 728 -14 +5300.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -17 -714 +97.6%
Net Change in Cash 27,159 311 +8632.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 39,100 45,438 -13.9%
Restricted Cash And Cash Equivalents At Carrying Value 837 353 +137.1%
Restricted Cash And Cash Equivalents Noncurrent 2,390 1,196 +99.8%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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