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Meta Platforms Inc
NASDAQ:META

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Meta Platforms Inc Logo
Meta Platforms Inc
NASDAQ:META
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Price: 499.74 USD 1.96%
Updated: Mar 1, 2024

Income Statement

Earnings Waterfall
Meta Platforms Inc

Revenue
134.9B USD
Cost of Revenue
-26B USD
Gross Profit
108.9B USD
Operating Expenses
-59.9B USD
Operating Income
49B USD
Other Expenses
-9.9B USD
Net Income
39.1B USD

Income Statement
Meta Platforms Inc

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Income Statement
Currency: USD
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 Sep-2023 Dec-2023
Revenue
Revenue
7 872
N/A
8 916
+13%
10 013
+12%
11 200
+12%
12 466
+11%
13 507
+8%
14 639
+8%
15 937
+9%
17 928
+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%
85 965
+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%
126 955
+5%
134 902
+6%
Gross Profit
Cost of Revenue
(1 876)
(1 925)
(1 933)
(1 991)
(2 153)
(2 345)
(2 540)
(2 695)
(2 867)
(3 050)
(3 299)
(3 566)
(3 789)
(4 110)
(4 430)
(4 891)
(5 454)
(6 223)
(7 200)
(8 170)
(9 355)
(10 244)
(11 337)
(12 074)
(12 770)
(13 412)
(13 934)
(14 973)
(16 692)
(18 364)
(19 934)
(21 511)
(22 649)
(23 523)
(23 316)
(23 261)
(23 754)
(25 462)
(26 215)
(26 709)
(26 006)
Gross Profit
5 996
N/A
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%
35 199
+11%
38 364
+9%
41 297
+8%
43 726
+6%
46 483
+6%
48 705
+5%
51 267
+5%
54 455
+6%
57 927
+6%
59 945
+3%
61 224
+2%
64 003
+5%
69 273
+8%
76 036
+10%
84 856
+12%
90 819
+7%
95 280
+5%
96 143
+1%
96 095
0%
94 854
-1%
92 855
-2%
91 884
-1%
94 308
+3%
100 246
+6%
108 896
+9%
Operating Income
Operating Expenses
(3 192)
(3 485)
(3 746)
(4 215)
(5 319)
(6 310)
(7 364)
(8 444)
(8 836)
(9 414)
(10 098)
(10 683)
(11 422)
(12 433)
(13 331)
(14 182)
(14 996)
(16 040)
(17 511)
(19 281)
(21 570)
(22 924)
(24 723)
(26 507)
(28 941)
(31 383)
(33 325)
(35 249)
(36 602)
(37 880)
(40 296)
(43 876)
(48 527)
(52 244)
(56 205)
(59 723)
(59 300)
(63 615)
(64 409)
(62 227)
(59 890)
Selling, General & Administrative
(1 778)
(1 884)
(1 997)
(2 252)
(2 653)
(2 937)
(3 188)
(3 454)
(4 020)
(4 065)
(4 573)
(5 013)
(5 503)
(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)
(18 155)
(18 251)
(19 033)
(21 060)
(23 872)
(25 079)
(26 446)
(27 110)
(25 681)
(27 083)
(27 365)
(25 040)
(22 979)
Research & Development
(1 414)
(1 568)
(1 716)
(1 963)
(2 666)
(3 271)
(3 939)
(4 584)
(4 816)
(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)
(13 600)
(14 756)
(15 903)
(17 118)
(18 447)
(19 629)
(21 263)
(22 816)
(24 655)
(27 165)
(29 759)
(32 613)
(33 619)
(36 532)
(37 044)
(37 187)
(36 911)
Depreciation & Amortization
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
0
0
Other Operating Expenses
0
0
(33)
0
0
33
33
0
0
(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
0
0
Operating Income
2 804
N/A
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%
12 427
+19%
13 745
+11%
15 412
+12%
17 417
+13%
20 203
+16%
22 324
+10%
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%
33 555
-4%
28 269
-16%
29 899
+6%
38 019
+27%
49 006
+29%
Pre-Tax Income
Interest Income Expense
(52)
(37)
(28)
(72)
(83)
(82)
(77)
(5)
(37)
(13)
14
57
90
129
188
246
386
464
516
584
439
491
567
649
799
829
772
660
543
433
392
318
321
426
336
210
195
141
172
523
827
Non-Reccuring Items
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
(4 611)
(621)
(1 217)
(1 253)
(2 255)
Total Other Income
2
7
11
4
(1)
(3)
(4)
(42)
6
39
32
63
1
(15)
(7)
2
5
8
(126)
(177)
9
(39)
86
17
27
(200)
(181)
(120)
(34)
233
252
375
210
364
136
32
(320)
(571)
(529)
(520)
(150)
Pre-Tax Income
2 754
N/A
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%
12 518
+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%
36 769
+30%
47 428
+29%
Net Income
Tax Provision
(1 254)
(1 553)
(1 936)
(2 164)
(1 970)
(1 957)
(1 916)
(1 923)
(2 506)
(2 414)
(2 331)
(2 332)
(2 301)
(2 316)
(2 439)
(2 431)
(2 387)
(2 665)
(2 833)
(3 079)
(3 249)
(3 679)
(5 133)
(5 596)
(6 327)
(6 233)
(4 970)
(4 019)
(4 034)
(5 082)
(6 248)
(7 332)
(7 914)
(7 351)
(6 731)
(6 541)
(4 109)
(4 264)
(4 270)
(5 526)
(7 190)
Income from Continuing Operations
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
22 112
19 554
17 064
18 018
18 485
20 958
23 520
25 275
29 146
33 740
38 956
40 304
39 370
37 338
33 631
28 832
24 710
22 954
24 055
31 243
40 238
Net Income (Common)
1 490
N/A
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%
15 920
+5%
17 849
+12%
19 065
+7%
19 498
+2%
22 111
+13%
19 554
-12%
17 064
-13%
18 018
+6%
18 485
+3%
20 958
+13%
23 520
+12%
25 275
+7%
29 146
+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%
29 733
+32%
39 098
+31%

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