Meta is a social advertising, messaging, AI, and mixed-reality company. The stock thesis weighs one of the strongest ad businesses in the world against AI capex, social-media legal exposure, Reality Labs losses, and the Llama ecosystem.

Meta Platforms (META) Stock Price & Market Analysis
META · NASDAQ · Internet Content & Information
$728.08
▲ +$2.15(+0.30%)4:00 PM ET - vs previous closeQuote as of Oct 2, 2026, 4:00 PM EDT
Regular-session close · Oct 2, 2026, 4:00 PM EDT.
Yahoo Finance · delayed, minutes not stated · as of Oct 2, 2026, 4:00 PM EDT · last confirmed
Long-term rangesAvailable historyHide
Price history: 2012-05-18–2026-10-02. Earlier trading may not be included. Highs and lows use intraday prices when available, otherwise closing prices. The 52-week range is reported separately by Yahoo Finance.
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Last available data
Updated market data is temporarily unavailable. The figures shown are from the last available update, dated . Prices are not real time. Check each figure’s date and reporting period.
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Reported fundamentals
META research snapshot
Annual revenue
USD 200.97B
Sales for the fiscal year ended Dec 31, 2025. This is not trailing twelve-month revenue.
Revenue change
+22.2%
Change versus the fiscal year ended Dec 31, 2024.
Net profit margin
30.1%
Net income divided by revenue for the fiscal year ended Dec 31, 2025. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · Profile
About Meta Platforms (META)
Sector, leadership, and how Meta Platforms earns its revenue.
Communication Services
Company · Profile
About Meta Platforms (META)
Sector, leadership, and how Meta Platforms earns its revenue.
Meta Platforms
NASDAQ · META · US
Company overview.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- Headquarters
- Menlo Park, California
- Country
- US
- Founded
- 2004
- Employees
- 75,472
- CEO
- Mark Zuckerberg
- Exchange
- NASDAQ
How Meta Platforms makes money
Ads
The core profit engine
Facebook, Instagram, WhatsApp, Threads, and Reels give Meta a massive attention graph that powers high-return advertising products.
AI
Llama and ranking systems drive both offense and defense
Meta AI work matters in two ways: better ad ranking and creative tools today, plus open-source model distribution and assistant products over time.
Capex
Infrastructure spend is the investor debate
The company can fund enormous AI infrastructure, but the market needs proof that spend produces durable revenue and engagement returns.
Legal risk
Platform liability is not gone
Youth-safety and social-media liability cases are important legal risks for Meta.
Key takeaways for META
META combines a highly profitable ad engine with one of the most aggressive AI infrastructure budgets in tech.
Llama and AI ad systems can strengthen the moat if they improve monetization and developer adoption.
Legal exposure and capex discipline are the two recurring checks investors should keep visible.
Business model & operating evidence
AI business exposure
- Revenue exposure
- AI-specific revenue is not separated in the available company statements.
- Capital-spending dependency
- No reviewed quantitative dependency model is available.
- Compute role
- See the sourced business description; AI labels do not establish compute revenue.
- Platform examples
- An exhaustive, consistently defined product inventory is unavailable.
- Ecosystem links
- Supplier and customer links require reviewed disclosures.
Narrative versus numbers
Demand is expanding
Supporting observation: 28.0%
Year-over-year growth in the latest quarter. This is not the fiscal-year revenue change in the snapshot above. · SEC Companyfacts · 2026-06-30
Growth produces accounting profit
Supporting observation: 29.8%
Reported-period net margin. A positive figure supports accounting profitability, not cash generation. · SEC Companyfacts · 2026-10-03T16:37:17.471Z
The business generates cash after investment
Supporting observation: USD 1.75B
Latest reported free cash flow. It is not a forecast and it is not the fiscal-year snapshot. · SEC Companyfacts · 2026-06-30
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- Revenue
- $60.80Bquarter ended Jun 30, 2026
- Operating margin
- 30.9%quarter ended Jun 30, 2026
- EPS
- $6.18quarter ended Jun 30, 2026
- Capital expenditure
- $30.12Bquarter ended Jun 30, 2026
- Free cash flow
- $1.75Bquarter ended Jun 30, 2026
- Free cash flow margin
- 2.9%quarter ended Jun 30, 2026
- Operating cash / net income
- 2.01×quarter ended Jun 30, 2026
- Revenue growth year over year
- 28.0%quarter ended Jun 30, 2026
Leadership
CEO: Mark Zuckerberg
Source: TECHi curated profile
Ownership filings and insider activityCompetitors & comparisons
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Governance & sustainability
All data sources
Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.
Market closed
Regular hours: 9:30 AM–4:00 PM America/New_York
Next open: 2026-10-05 · 9:30 AM America/New_York
Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.
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