
Meta Platforms Inc
NASDAQ:META

Income Statement
Earnings Waterfall
Meta Platforms Inc
Revenue
|
121B
USD
|
Cost of Revenue
|
-26.2B
USD
|
Gross Profit
|
94.3B
USD
|
Operating Expenses
|
-64.4B
USD
|
Operating Income
|
29.9B
USD
|
Other Expenses
|
-7.4B
USD
|
Net Income
|
22.5B
USD
|
Income Statement
Meta Platforms Inc
Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
6 118
N/A
|
6 872
+12%
|
7 872
+15%
|
8 916
+13%
|
10 013
+12%
|
11 200
+12%
|
12 466
+11%
|
13 507
+8%
|
14 639
+8%
|
15 937
+9%
|
17 927
+12%
|
19 766
+10%
|
22 160
+12%
|
24 670
+11%
|
27 638
+12%
|
30 288
+10%
|
33 173
+10%
|
36 490
+10%
|
40 653
+11%
|
44 587
+10%
|
48 497
+9%
|
51 896
+7%
|
55 838
+8%
|
58 949
+6%
|
62 604
+6%
|
66 529
+6%
|
70 697
+6%
|
73 357
+4%
|
75 158
+2%
|
78 976
+5%
|
85 966
+9%
|
94 400
+10%
|
104 790
+11%
|
112 330
+7%
|
117 929
+5%
|
119 666
+1%
|
119 411
0%
|
118 115
-1%
|
116 609
-1%
|
117 346
+1%
|
120 523
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 597)
|
(1 783)
|
(1 876)
|
(1 925)
|
(1 933)
|
(1 991)
|
(2 153)
|
(2 345)
|
(2 540)
|
(2 695)
|
(2 866)
|
(3 050)
|
(3 299)
|
(3 566)
|
(3 789)
|
(4 110)
|
(4 430)
|
(4 891)
|
(5 455)
|
(6 223)
|
(7 200)
|
(8 170)
|
(9 355)
|
(10 244)
|
(11 337)
|
(12 074)
|
(12 769)
|
(13 412)
|
(13 934)
|
(14 973)
|
(16 692)
|
(18 364)
|
(19 934)
|
(21 511)
|
(22 649)
|
(23 523)
|
(23 316)
|
(23 261)
|
(25 249)
|
(25 462)
|
(26 215)
|
|
Gross Profit |
4 521
N/A
|
5 089
+13%
|
5 996
+18%
|
6 991
+17%
|
8 080
+16%
|
9 209
+14%
|
10 313
+12%
|
11 162
+8%
|
12 099
+8%
|
13 242
+9%
|
15 061
+14%
|
16 716
+11%
|
18 861
+13%
|
21 104
+12%
|
23 849
+13%
|
26 178
+10%
|
28 743
+10%
|
31 599
+10%
|
35 198
+11%
|
38 364
+9%
|
41 297
+8%
|
43 726
+6%
|
46 483
+6%
|
48 705
+5%
|
51 267
+5%
|
54 455
+6%
|
57 928
+6%
|
59 945
+3%
|
61 224
+2%
|
64 003
+5%
|
69 274
+8%
|
76 036
+10%
|
84 856
+12%
|
90 819
+7%
|
95 280
+5%
|
96 143
+1%
|
96 095
0%
|
94 854
-1%
|
91 360
-4%
|
91 884
+1%
|
94 308
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 686)
|
(2 895)
|
(3 192)
|
(3 485)
|
(3 746)
|
(4 215)
|
(5 319)
|
(6 310)
|
(7 364)
|
(8 444)
|
(8 836)
|
(9 414)
|
(10 098)
|
(10 683)
|
(11 421)
|
(12 433)
|
(13 331)
|
(14 182)
|
(14 996)
|
(16 040)
|
(17 511)
|
(19 281)
|
(21 570)
|
(22 924)
|
(24 723)
|
(26 507)
|
(28 942)
|
(31 383)
|
(33 325)
|
(35 249)
|
(36 603)
|
(37 880)
|
(40 296)
|
(43 876)
|
(48 527)
|
(52 244)
|
(56 205)
|
(59 723)
|
(62 415)
|
(63 615)
|
(64 409)
|
|
Selling, General & Administrative |
(1 508)
|
(1 592)
|
(1 778)
|
(1 884)
|
(1 997)
|
(2 252)
|
(2 653)
|
(2 937)
|
(3 188)
|
(3 454)
|
(3 643)
|
(4 065)
|
(4 573)
|
(5 013)
|
(5 502)
|
(6 023)
|
(6 473)
|
(6 814)
|
(7 242)
|
(7 882)
|
(8 749)
|
(9 914)
|
(11 297)
|
(12 029)
|
(13 036)
|
(13 929)
|
(15 341)
|
(16 627)
|
(17 422)
|
(18 131)
|
(18 156)
|
(18 251)
|
(19 033)
|
(21 060)
|
(23 872)
|
(25 079)
|
(26 446)
|
(27 110)
|
(27 077)
|
(27 083)
|
(27 365)
|
|
Research & Development |
(1 178)
|
(1 303)
|
(1 414)
|
(1 568)
|
(1 716)
|
(1 963)
|
(2 666)
|
(3 271)
|
(3 939)
|
(4 584)
|
(4 787)
|
(5 078)
|
(5 389)
|
(5 670)
|
(5 919)
|
(6 410)
|
(6 858)
|
(7 368)
|
(7 754)
|
(8 158)
|
(8 762)
|
(9 367)
|
(10 273)
|
(10 895)
|
(11 687)
|
(12 578)
|
(13 601)
|
(14 756)
|
(15 903)
|
(17 118)
|
(18 447)
|
(19 629)
|
(21 263)
|
(22 816)
|
(24 655)
|
(27 165)
|
(29 759)
|
(32 613)
|
(35 338)
|
(36 532)
|
(37 044)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(135)
|
(270)
|
(406)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(33)
|
0
|
0
|
33
|
33
|
0
|
(406)
|
(271)
|
(136)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
1 835
N/A
|
2 194
+20%
|
2 804
+28%
|
3 506
+25%
|
4 334
+24%
|
4 994
+15%
|
4 994
N/A
|
4 852
-3%
|
4 735
-2%
|
4 798
+1%
|
6 225
+30%
|
7 302
+17%
|
8 763
+20%
|
10 421
+19%
|
12 428
+19%
|
13 745
+11%
|
15 412
+12%
|
17 417
+13%
|
20 202
+16%
|
22 324
+11%
|
23 786
+7%
|
24 445
+3%
|
24 913
+2%
|
25 781
+3%
|
26 544
+3%
|
27 948
+5%
|
28 986
+4%
|
28 562
-1%
|
27 899
-2%
|
28 754
+3%
|
32 671
+14%
|
38 156
+17%
|
44 560
+17%
|
46 943
+5%
|
46 753
0%
|
43 899
-6%
|
39 890
-9%
|
35 131
-12%
|
28 945
-18%
|
28 269
-2%
|
29 899
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(51)
|
(61)
|
(52)
|
(37)
|
(28)
|
(72)
|
(84)
|
(82)
|
(77)
|
(5)
|
(38)
|
(13)
|
14
|
57
|
89
|
129
|
188
|
246
|
386
|
464
|
516
|
584
|
438
|
491
|
567
|
649
|
799
|
829
|
772
|
660
|
543
|
433
|
392
|
318
|
414
|
426
|
336
|
210
|
196
|
141
|
172
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3 000)
|
(5 000)
|
(5 000)
|
(5 000)
|
(2 000)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(621)
|
(1 217)
|
|
Total Other Income |
(9)
|
(4)
|
2
|
7
|
11
|
4
|
0
|
(3)
|
(4)
|
(42)
|
7
|
39
|
32
|
63
|
0
|
(15)
|
(7)
|
2
|
6
|
8
|
(126)
|
(177)
|
10
|
(39)
|
86
|
17
|
27
|
(200)
|
(181)
|
(120)
|
(34)
|
233
|
252
|
375
|
117
|
364
|
136
|
32
|
(322)
|
(571)
|
(529)
|
|
Pre-Tax Income |
1 775
N/A
|
2 129
+20%
|
2 754
+29%
|
3 476
+26%
|
4 317
+24%
|
4 926
+14%
|
4 910
0%
|
4 767
-3%
|
4 654
-2%
|
4 751
+2%
|
6 194
+30%
|
7 328
+18%
|
8 809
+20%
|
10 541
+20%
|
12 517
+19%
|
13 859
+11%
|
15 593
+13%
|
17 665
+13%
|
20 594
+17%
|
22 796
+11%
|
24 176
+6%
|
24 852
+3%
|
25 361
+2%
|
23 233
-8%
|
22 197
-4%
|
23 614
+6%
|
24 812
+5%
|
27 191
+10%
|
28 490
+5%
|
29 294
+3%
|
33 180
+13%
|
38 822
+17%
|
45 204
+16%
|
47 636
+5%
|
47 284
-1%
|
44 689
-5%
|
40 362
-10%
|
35 373
-12%
|
28 819
-19%
|
27 218
-6%
|
28 325
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 218)
|
(1 088)
|
(1 254)
|
(1 553)
|
(1 936)
|
(2 164)
|
(1 970)
|
(1 957)
|
(1 916)
|
(1 923)
|
(2 506)
|
(2 414)
|
(2 331)
|
(2 332)
|
(2 300)
|
(2 316)
|
(2 439)
|
(2 431)
|
(2 387)
|
(2 665)
|
(2 833)
|
(3 079)
|
(3 248)
|
(3 679)
|
(5 133)
|
(5 596)
|
(6 327)
|
(6 233)
|
(4 970)
|
(4 019)
|
(4 035)
|
(5 082)
|
(6 248)
|
(7 332)
|
(7 914)
|
(7 351)
|
(6 731)
|
(6 541)
|
(5 619)
|
(5 774)
|
(5 780)
|
|
Income from Continuing Operations |
557
|
1 041
|
1 500
|
1 923
|
2 381
|
2 762
|
2 940
|
2 810
|
2 738
|
2 828
|
3 688
|
4 914
|
6 478
|
8 209
|
10 217
|
11 543
|
13 154
|
15 234
|
18 207
|
20 131
|
21 343
|
21 773
|
22 113
|
19 554
|
17 064
|
18 018
|
18 485
|
20 958
|
23 520
|
25 275
|
29 145
|
33 740
|
38 956
|
40 304
|
39 370
|
37 338
|
33 631
|
28 832
|
23 200
|
21 444
|
22 545
|
|
Net Income (Common) |
511
N/A
|
1 013
+98%
|
1 490
+47%
|
1 912
+28%
|
2 369
+24%
|
2 749
+16%
|
2 925
+6%
|
2 795
-4%
|
2 722
-3%
|
2 811
+3%
|
3 669
+31%
|
4 892
+33%
|
6 453
+32%
|
8 182
+27%
|
10 188
+25%
|
11 515
+13%
|
13 129
+14%
|
15 213
+16%
|
15 921
+5%
|
17 849
+12%
|
19 065
+7%
|
19 498
+2%
|
22 112
+13%
|
19 554
-12%
|
17 064
-13%
|
18 018
+6%
|
18 485
+3%
|
20 958
+13%
|
23 520
+12%
|
25 275
+7%
|
29 145
+15%
|
33 740
+16%
|
38 956
+15%
|
40 304
+3%
|
39 370
-2%
|
37 338
-5%
|
33 631
-10%
|
28 832
-14%
|
23 200
-20%
|
21 444
-8%
|
22 545
+5%
|