NASDAQ · Communication Services · Financials
Meta Platforms financials & valuation
Reported statements, fiscal periods and valuation definitions in one place.
- Last confirmed price
- $614.99-1.53%
- Oct 30, 2026, 4:00 PM EDT · Prices may be delayed
Data dates
Prices as of Oct 30, 4:00 PM EDT · Fundamentals checked Nov 1, 9:07 AM EST · Statement period ended Sep 30, 2026
Meta free cash flow: two definitions
TECHi's comparable series is operating cash flow less property and equipment purchases. Meta's company-reported non-GAAP figure also subtracts principal payments on finance leases. The table below reconciles the amounts in USD millions from Meta's dated results; TECHi's FCF-based valuation ratios use the comparable series.
| Period | Operating cash | PP&E purchases | TECHi OCF less PP&E | Finance-lease principal | Meta-reported FCF |
|---|---|---|---|---|---|
| Q3 2026 Meta results | 32,786 | (33,942) | -1,156 | (964) | -2,120 |
| Q4 2025 Meta results | 36,214 | (21,383) | 14,831 | (754) | 14,077 |
| FY2025 Meta results | 115,800 | (69,691) | 46,109 | (2,524) | 43,585 |
Financial statements
Show / hide line items
Revenue
200.97B
FY2025 · ended Dec 31, 2025
Operating Income
83.28B
FY2025 · ended Dec 31, 2025
Net Income
60.46B
FY2025 · ended Dec 31, 2025
Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.
Sources, units & calculation notes
Reported statement data; TECHi computes OCF less PP&E separately from Meta-reported free cash flow. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. A trailing-twelve-month EPS figure is not the sum of the quarterly EPS cells. Growth requires comparable positive values. EPS reflects the reported share count and any stock splits. A missing quarter may show calculated EPS when the necessary net income and share figures are available. EPS comparisons require consistent accounting and split adjustments. Use Tab to move between controls and arrow keys within the table.
Earnings quality · Dec 31, 2025
- Net income
- 60.46B
- OCF less PP&E
- 46.11B
- Stock-based compensation
- 20.43B
- OCF less PP&E / net income
- 76.3%
- Accrual gap / revenue
- -27.5%
- Cash conversion
- Moderate cash conversion
Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.
Changes between reports
Q3 Sep 30, 2026 versus Q2 Jun 30, 2026
Reported periods shown above are compared directly; a missing intervening quarter is not inferred. Margin changes are in percentage points (pp).
- Revenue
- 64.6B↑ +6.2%
- Previous: 60.8B · USD
- Operating margin
- 20.10%↓ -10.8 pp
- Previous: 30.88%
- Net margin
- 15.26%↓ -10.8 pp
- Previous: 26.07%
- Cash
- 24.35B↓ -16.8%
- Previous: 29.27B · USD
- Debt
- 83.67B↑ +0.0%
- Previous: 83.66B · USD
- Capex
- 33.94B↑ +12.7%
- Previous: 30.12B · USD
- Stock-based compensation
- 7.36B↓ -3.9%
- Previous: 7.66B · USD
Reported-period comparison. Guidance and risk-factor changes require reading the filings.
Read the filingsValuation & ratios
Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.
Balance sheet Sep 30, 2026: unrestricted cash $11.22B; restricted cash $13.13B is not deducted; marketable securities $71.23B are not deducted. Enterprise value remains unavailable until its equity, debt, and cash inputs reconcile. Source filing
Valuation history and definitions
- 5Y median / percentile
- Five-year observations unavailable
- Forward EPS vs trailing EPS
- -0.64%
- PEG
- —PEG is the forward P/E divided by the expected EPS growth rate in percent.
EPS growth proxy compares the available annual estimate (FY2026 period end 2026-12-31) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. P/E observations without a stated earnings period are excluded. Available P/E observations: 27 since 2026-09-26.
Why valuation ratios differ
Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.
| Metric | Value / formula | Reporting period and date |
|---|---|---|
| Trailing P/E | 20.98 | Nov 1, 2026, 9:07 AM EST |
| Trailing EPS | 29.31 | Nov 1, 2026, 9:07 AM EST |
| Price ÷ annual EPS estimate | 21.12× | TECHi calculation · FY2026 period end 2026-12-31 |
What this page answers
Decide whether the business supports the valuation.
Explore Revenue quality, margins, cash conversion, debt, and filing cadence.
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