Latest revenue
$56.31B
as of 2026-03-31
Latest net income
$26.77B
as of 2026-03-31
Net margin
47.5%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- —
- Enterprise value
- —
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.3%
- 52-wk high
- $796.25
- 52-wk low
- $520.26
- Beta
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- Shares out
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5-year trend
What this company does
Meta operates the world's largest social media network, running Facebook, Instagram, WhatsApp, and Messenger alongside its Reality Labs division building VR/AR hardware and the metaverse. Advertising on its Family of Apps generates essentially all revenue—$55.0 billion of $56.3 billion in Q1 2026—while Reality Labs contributes just $402 million. Revenue grew 33% year-over-year and net income jumped 61% to $26.8 billion, but capital expenditures surged to $19.0 billion as Meta aggressively scales AI infrastructure spending.
Generated from META's filing dated 2026-01-29
Key risks
- Reality Labs remains a drag: Q1 2026 revenue only $402M (down YoY) while R&D surged 46% to $17.7B, pressuring margins.
- Capex intensity escalating: Q1 PP&E purchases hit $19.0B (vs $12.9B YoY); property/equipment grew to $194.8B, with $16B more in payables.
- Ad revenue concentration: 98% of revenue ($55.0B of $56.3B) comes from advertising, leaving Meta exposed to ad-cycle and platform policy shocks.
Generated from META's filing dated 2026-01-29
Profitability
Operating margin
41.4%
1.8%Net margin
30.1%
20.6%Return on equity
27.8%
18.5%Return on assets
16.5%
26.9%Leverage
Debt / equity
0.68×
33.9%Long-term debt / equity
0.27×
71.3%Debt / assets
40.6%
20.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $56.31B | +33.1% | $26.77B | +60.9% | 47.5% |
Q4 2025 2025-12-31 | $59.89B | +23.8% | $22.77B | +9.3% | 38.0% |
Q3 2025 2025-09-30 | $51.24B | +26.2% | $2.71B | -82.7% | 5.3% |
Q2 2025 2025-06-30 | $47.52B | +21.6% | $18.34B | +36.2% | 38.6% |
Q1 2025 2025-03-31 | $42.31B | +16.1% | $16.64B | +34.6% | 39.3% |
Q4 2024 2024-12-31 | $48.39B | — | $20.84B | — | 43.1% |
Q3 2024 2024-09-30 | $40.59B | +18.9% | $15.69B | +35.4% | 38.7% |
Q2 2024 2024-06-30 | $39.07B | +22.1% | $13.46B | +72.9% | 34.5% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Computer Programming, Data Processing, Etc. · SIC 7370
Your notes
Keep private notes on META — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$469.2M
Net activity
−$469.2M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns META
Institutional value
$190.70B
Total shares held
335.3M
Distinct holders
754
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 142.1M | $81.32B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 37.9M | $21.66B | — | New |
| 3 | Invesco Ltd. | 15.6M | $8.93B | — | New |
| 4 | Legal & General Group Plc | 14.3M | $8.18B | — | New |
| 5 | VANGUARD FIDUCIARY TRUST CO | 12.5M | $7.17B | — | New |
| 6 | WELLS FARGO & COMPANY/MN | 9.7M | $5.52B | — | New |
| 7 | Mitsubishi UFJ Asset Management Co., Ltd. | 5.1M | $2.92B | — | New |
| 8 | Vanguard Global Advisers, LLC | 4.8M | $2.74B | — | New |
| 9 | National Pension Service | 4.7M | $2.69B | — | New |
| 10 | BAILLIE GIFFORD & CO | 4.1M | $2.35B | — | New |
| 11 | RHUMBLINE ADVISERS | 3.8M | $2.20B | — | New |
| 12 | CITIGROUP INC | 3.8M | $2.17B | — | New |
| 13 | VANGUARD ASSET MANAGEMENT, Ltd | 3.8M | $2.16B | — | New |
| 14 | BNP PARIBAS FINANCIAL MARKETS | 3.5M | $1.99B | — | New |
| 15 | First Eagle Investment Management, LLC | 3.2M | $1.83B | — | New |
| 16 | Russell Investments Group, Ltd. | 2.7M | $1.54B | — | New |
| 17 | TD ASSET MANAGEMENT INC | 2.5M | $1.43B | — | New |
| 18 | Universal- Beteiligungs- und Servicegesellschaft mbH | 2.1M | $1.21B | — | New |
| 19 | CIBC Bancorp USA Inc. | 2.1M | $1.20B | — | New |
| 20 | Voya Investment Management LLC | 2.0M | $1.17B | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
CapEx hit $19B this quarter with $16B more in payables—what's the full-year 2026 capex ceiling, and when does AI infrastructure ROI materialize?
- 2
R&D jumped 46% YoY to $17.7B while headcount-related SBC rose to $6B—how much is Reality Labs versus AI, and when does Reality Labs stop bleeding?
- 3
Why did you halt buybacks entirely this quarter after $13.4B in Q1 2025—is this a permanent capital reallocation to capex?
Refreshed when META files a new report · last from 2026-01-29