Meta Platforms, Inc. (META) Financial Statements

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$200.97B	$164.50B	$134.90B	$116.61B	$117.93B	$85.97B	$70.70B	$55.84B
Cost of Revenue	$36.17B	$30.16B	$25.96B	$25.25B	$22.65B	$16.69B	$12.77B	$9.36B
Research & Development	$57.37B	$43.87B	$38.48B	$35.34B	$24.66B	$18.45B	$13.60B	$10.27B
Selling, General & Administrative	$12.15B	$9.74B	$11.41B	$11.82B	$9.83B	$6.56B	$10.46B	$3.45B
Operating Expenses	$117.69B	$95.12B	$88.15B	$87.67B	$71.18B	$53.29B	$46.71B	$30.93B
Operating Income	$83.28B	$69.38B	$46.75B	$28.94B	$46.75B	$32.67B	$23.99B	$24.91B
Interest Expense	$1.09B	$683.00M	$446.00M	$185.00M	$23.00M	—	$20.00M	$9.00M
Other Income / (Expense)	$2.66B	$1.28B	$677.00M	-$125.00M	$531.00M	$509.00M	$826.00M	$448.00M
Income Before Taxes	$85.93B	$70.66B	$47.43B	$28.82B	$47.28B	$33.18B	$24.81B	$25.36B
Provision for Income Taxes	$25.47B	$8.30B	$8.33B	$5.62B	$7.91B	$4.03B	$6.33B	$3.25B
Net Income	$60.46B	$62.36B	$39.10B	$23.20B	$39.37B	$29.15B	$18.48B	$22.11B
Basic EPS	$23.98	$24.61	$15.19	$8.63	$13.99	$10.22	$6.48	$7.65
Diluted EPS	$23.49	$23.86	$14.87	$8.59	$13.77	$10.09	$6.43	$7.57
Basic Shares Outstanding	2.52B	2.53B	2.57B	2.69B	2.81B	2.85B	2.85B	2.89B
Diluted Shares Outstanding	2.57B	2.61B	2.63B	2.70B	2.86B	2.89B	2.88B	2.92B

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$28.84	$27.56	$32.53	12	↑3 ↓7
Dec 2027	$34.54	$31.30	$38.26	18	↑4 ↓10
Dec 2028	$38.96	$32.20	$46.67	9	↑3 ↓4
Dec 2029	$55.09	$55.09	$55.09	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.