← Filings of META
Tables in the 10-K of Meta Platforms, Inc.
62 tables with numbers, filed Jan 29, 2026. Each one downloads as an Excel file or a CSV (numbers are stored as numbers),
with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “TABLE OF CONTENTS”
| | Page |
| Note About Forward-Looking Statements | 3 | |
| Limitations of Key Metrics and Other Data | 4 | |
| PART I | | |
| Item 1. | Business | 6 |
| Item 1A. | Risk Factors | 12 |
| Item 1B. | Unresolved Staff Comments | 48 |
| Item 1C. | Cybersecurity | 48 |
First 8 of 31 rows. The download has all of them.
Table 2 after “We report our financial results for our two reportable segments: Family of Apps (FoA) and Reality Labs (RL). FoA includes Facebook, Instagra”
| Family of Apps | Reality Labs | | Total | | | | | | | | |
| Year Ended December 31, | | | Year Ended December 31, | | Year Ended December 31, | | | | | | |
| 2025 | 2024 | | % change | 2025 | 2024 | % change | | 2025 | 2024 | % change | |
| (in millions, except percentages) | | | | | | | | | | | |
| Revenue | $198,759 | $162,355 | | 22% | $2,207 | $2,146 | 3% | | $200,966 | $164,501 | 22% | |
| Costs and expenses | 96,290 | 75,246 | | 28% | 21,400 | 19,875 | 8% | | 117,690 | 95,121 | 24% | |
| Income (loss) from operations | $102,469 | $87,109 | | 18% | $(19,193) | $(17,729) | (8)% | | $83,276 | $69,380 | 20% | |
| Operating margin | 52% | | 54% | | | (870)% | | (826)% | | | 41% | 42% |
Table 3 after “The following table sets forth our consolidated statements of income data (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Revenue | $200,966 | | $164,501 | | $134,902 |
| Costs and expenses: | | | | | |
| Cost of revenue | 36,175 | | 30,161 | | 25,959 |
| Research and development | 57,372 | | 43,873 | | 38,483 |
| Marketing and sales | 11,991 | | 11,347 | | 12,301 |
| General and administrative | 12,152 | | 9,740 | | 11,408 |
First 8 of 14 rows. The download has all of them.
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Revenue | 100% | | 100% | | 100% |
| Costs and expenses: | | | | | |
| Cost of revenue | 18 | | 18 | | 19 |
| Research and development | 29 | | 27 | | 29 |
| Marketing and sales | 6 | | 7 | | 9 |
| General and administrative | 6 | | 6 | | 8 |
First 8 of 14 rows. The download has all of them.
Table 5 after “The following table sets forth our revenue by source and by segment:”
| Year Ended December 31, | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 vs 2024 % change | 2024 vs 2023 % change | | |
| (in millions, except percentages) | | | | | | | |
| Advertising | $196,175 | | $160,633 | | $131,948 | | 22% | 22% |
| Other revenue | 2,584 | | 1,722 | | 1,058 | | 50% | 63% |
| Family of Apps | 198,759 | | 162,355 | | 133,006 | | 22% | 22% |
| Reality Labs | 2,207 | | 2,146 | | 1,896 | | 3% | 13% |
| Total revenue | $200,966 | | $164,501 | | $134,902 | | 22% | 22% |
Table 6 after “Cost of revenue”
| Year Ended December 31, | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 vs 2024 % change | 2024 vs 2023 % change | | |
| (in millions, except percentages) | | | | | | | |
| Cost of revenue | $36,175 | | $30,161 | | $25,959 | | 20% | 16% |
| Percentage of revenue | 18% | | 18% | | 19% | | | |
Table 7 after “Research and development”
| Year Ended December 31, | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 vs 2024 % change | 2024 vs 2023 % change | | |
| (in millions, except percentages) | | | | | | | |
| Research and development | $57,372 | | $43,873 | | $38,483 | | 31% | 14% |
| Percentage of revenue | 29% | | 27% | | 29% | | | |
Table 8 after “Marketing and sales”
| Year Ended December 31, | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 vs 2024 % change | 2024 vs 2023 % change | | |
| (in millions, except percentages) | | | | | | | |
| Marketing and sales | $11,991 | | $11,347 | | $12,301 | | 6% | (8)% |
| Percentage of revenue | 6% | | 7% | | 9% | | | |
Table 9 after “General and administrative”
| Year Ended December 31, | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 vs 2024 % change | 2024 vs 2023 % change | | |
| (in millions, except percentages) | | | | | | | |
| General and administrative | $12,152 | | $9,740 | | $11,408 | | 25% | (15)% |
| Percentage of revenue | 6% | | 6% | | 8% | | | |
Table 10 after “The following table sets forth income (loss) from operations by segment:”
| Year Ended December 31, | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 vs 2024 % change | 2024 vs 2023 % change | | |
| (in millions, except percentages) | | | | | | | |
| Family of Apps | $102,469 | | $87,109 | | $62,871 | | 18% | 39% |
| Reality Labs | (19,193) | | (17,729) | | (16,120) | | (8)% | (10)% |
| Total income from operations | $83,276 | | $69,380 | | $46,751 | | 20% | 48% |
Table 11 after “Interest and other income, net”
| Year Ended December 31, | | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 vs 2024 % change | 2024 vs 2023 % change | | | |
| (in millions, except percentages) | | | | | | | | |
| Interest income | $2,123 | | $2,517 | | $1,639 | | (16)% | | 54% |
| Interest expense | (1,165) | | (715) | | (446) | | (63)% | | (60)% |
| Foreign currency exchange gains (losses), net | 352 | | (690) | | (366) | | 151% | | (89)% |
| Other income (expense), net | 1,346 | | 171 | | (150) | | NM | 214% | |
| Total interest and other income, net | $2,656 | | $1,283 | | $677 | | 107% | | 90% |
Table 12 after “Provision for income taxes”
| Year Ended December 31, | | | | | | | |
| 2025 | 2024 | | 2023 | 2025 vs 2024 % change | 2024 vs 2023 % change | | |
| (in millions, except percentages) | | | | | | | |
| Provision for income taxes | $25,474 | | $8,303 | | $8,330 | | 207% | —% |
| Effective tax rate | 30% | | 12% | | 18% | | | |
Table 13 after “The following table presents our cash flows (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Net cash provided by operating activities | $115,800 | | $91,328 | | $71,113 |
| Net cash used in investing activities | $(102,003) | | $(47,150) | | $(24,495) |
| Net cash used in financing activities | $(20,370) | | $(40,781) | | $(19,500) |
Table 14 after “The following is a reconciliation of FCF to the most comparable GAAP measure, net cash provided by operating activities (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Net cash provided by operating activities | $115,800 | | $91,328 | | $71,113 |
| Purchases of property and equipment | (69,691) | | (37,256) | | (27,045) |
| Principal payments on finance leases | (2,524) | | (1,969) | | (1,058) |
| Free cash flow | $43,585 | | $52,103 | | $43,010 |
Table 15 after “INDEX TO CONSOLIDATED FINANCIAL STATEMENTS”
| Page |
| Reports of Independent Registered Public Accounting Firm (PCAOB ID No. 42) | 83 |
| Consolidated Financial Statements: | |
| Consolidated Balance Sheets | 88 |
| Consolidated Statements of Income | 89 |
| Consolidated Statements of Comprehensive Income | 90 |
| Consolidated Statements of Stockholders' Equity | 91 |
| Consolidated Statements of Cash Flows | 92 |
First 8 of 9 rows. The download has all of them.
Table 16 after “(In millions, except number of shares and par value)”
| December 31, | | |
| 2025 | 2024 | |
| Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $35,873 | | $43,889 |
| Marketable securities | 45,719 | | 33,926 |
| Accounts receivable, net | 19,769 | | 16,994 |
| Prepaid expenses and other current assets | 7,361 | | 5,236 |
First 8 of 34 rows. The download has all of them.
Table 17 after “(In millions, except per share amounts)”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Revenue | $200,966 | | $164,501 | | $134,902 |
| Costs and expenses: | | | | | |
| Cost of revenue | 36,175 | | 30,161 | | 25,959 |
| Research and development | 57,372 | | 43,873 | | 38,483 |
| Marketing and sales | 11,991 | | 11,347 | | 12,301 |
| General and administrative | 12,152 | | 9,740 | | 11,408 |
First 8 of 20 rows. The download has all of them.
Table 18 after “(In millions)”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Net income | $60,458 | | $62,360 | | $39,098 |
| Other comprehensive income (loss): | | | | | |
| Change in foreign currency translation adjustment, net of tax | 2,693 | | (1,413) | | 618 |
| Change in unrealized gain (loss) on available-for-sale investments and other, net of tax | 675 | | 471 | | 757 |
| Comprehensive income | $63,826 | | $61,418 | | $40,473 |
Table 19 after “(In millions, except per share amounts)”
| Class A and Class B Common Stock | Additional Paid-In Capital | | Accumulated Other Comprehensive Income (Loss) | Retained Earnings | Total Stockholders' Equity | | | |
| Shares | Par Value | | | | | | | |
| Balances at December 31, 2022 | 2,614 | | $— | | $64,444 | | $(3,530) | $64,799 | $125,713 |
| Net income | — | | — | | — | | — | 39,098 | 39,098 |
| Other comprehensive income | — | | — | | — | | 1,375 | — | 1,375 |
| Issuance of common stock | 65 | | — | | — | | — | — | — |
| Shares withheld related to net share settlement | (26) | | — | | (5,218) | | — | (1,794) | (7,012) |
| Share-based compensation | — | | — | | 14,027 | | — | — | 14,027 |
First 8 of 28 rows. The download has all of them.
Table 20 after “(In millions)”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Cash flows from operating activities | | | | | |
| Net income | $60,458 | | $62,360 | | $39,098 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | |
| Depreciation and amortization | 18,616 | | 15,498 | | 11,178 |
| Share-based compensation | 20,427 | | 16,690 | | 14,027 |
| Deferred income taxes | 18,738 | | (4,738) | | 131 |
First 8 of 46 rows. The download has all of them.
Table 21 after “(In millions)”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Supplemental cash flow data | | | | | |
| Cash paid for income taxes, net | $7,578 | | $10,554 | | $6,607 |
| Cash paid for interest, net of amounts capitalized | $696 | | $486 | | $448 |
| Non-cash investing and financing activities: | | | | | |
| Property and equipment in accounts payable and accrued expenses and other current liabilities | $9,331 | | $7,127 | | $4,105 |
| Acquisition of businesses and intangible assets in accounts payable, accrued expenses and other current liabilities, and other liabilities | $2,659 | | $172 | | $119 |
Table 22 after “The estimated useful lives of property and equipment and amortization periods of finance lease right-of-use (ROU) assets as of December 31, ”
| Property and Equipment | Useful Life/ Amortization period |
| Servers and network assets | Five to 5.5 years |
| Buildings | 25 to 30 years |
| Equipment and other | One to 25 years |
| Finance lease right-of-use assets | Five to 20 years |
| Leasehold improvements | Lesser of estimated useful life or remaining lease term |
Table 23 after “Revenue disaggregated by revenue source and by segment consists of the following (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Advertising | $196,175 | | $160,633 | | $131,948 |
| Other revenue | 2,584 | | 1,722 | | 1,058 |
| Family of Apps | 198,759 | | 162,355 | | 133,006 |
| Reality Labs | 2,207 | | 2,146 | | 1,896 |
| Total revenue | $200,966 | | $164,501 | | $134,902 |
Table 24 after “Revenue disaggregated by geography, based on the addresses of our customers, consists of the following (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| United States and Canada (1) | $78,866 | | $63,207 | | $52,888 |
| Europe (2) | 46,569 | | 38,361 | | 31,210 |
| Asia-Pacific | 53,817 | | 45,009 | | 36,154 |
| Rest of World (2) | 21,714 | | 17,924 | | 14,650 |
| Total revenue | $200,966 | | $164,501 | | $134,902 |
Table 25 after “The numerators and denominators of the basic and diluted EPS computations for our common stock are calculated as follows (in millions, excep”
| Year Ended December 31, | | | | |
| 2025 | 2024 | 2023 (2) | | |
| Basic EPS: | | | | | |
| Numerator | | | | | |
| Distributed earnings | $5,324 | | | $5,072 | $— |
| Undistributed earnings | 55,134 | | | 57,288 | 39,098 |
| Net income | $60,458 | | | $62,360 | $39,098 |
| Denominator | | | | | |
First 8 of 18 rows. The download has all of them.
Table 26 after “The following tables summarize our assets measured at fair value on a recurring basis and the classification by level of input within the fa”
| | Fair Value Measurement at Reporting Date Using | | | | |
| Description | December 31, 2025 | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |
| Cash equivalents: | | | | | | |
| Money market funds | $27,928 | | $27,928 | | $— | $— |
| U.S. government securities | 1,623 | | 1,623 | | — | — |
| Time deposits | 328 | | — | | 328 | — |
| Corporate debt securities | 1,603 | | — | | 1,603 | — |
| Total cash equivalents | 31,482 | | 29,551 | | 1,931 | — |
First 8 of 17 rows. The download has all of them.
Table 27 after “Table of Contents”
| | Fair Value Measurement at Reporting Date Using | | | | |
| Description | December 31, 2024 | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | |
| Cash equivalents: | | | | | | |
| Money market funds | $36,165 | | $36,165 | | $— | $— |
| U.S. government and agency securities | 23 | | 23 | | — | — |
| Time deposits | 369 | | — | | 369 | — |
| Corporate debt securities | 114 | | — | | 114 | — |
| Total cash equivalents | 36,671 | | 36,188 | | 483 | — |
First 8 of 17 rows. The download has all of them.
Table 28 after “The following tables summarize our available-for-sale marketable debt securities with unrealized losses as of December 31, 2025 and 2024, ag”
| December 31, 2025 | | | | | | | | | |
| Less than 12 months | 12 months or greater | | Total | | | | | | |
| Fair Value | Unrealized Losses | | Fair Value | Unrealized Losses | Fair Value | | Unrealized Losses | | |
| U.S. government securities | $1,491 | | $(2) | | $1,570 | | $(18) | | $3,061 | $(20) |
| U.S. government agency securities | 17 | | — | | 25 | | — | | 42 | — |
| Corporate debt securities | 1,213 | | (1) | | 1,534 | | (20) | | 2,747 | (21) |
| Total | $2,721 | | $(3) | | $3,129 | | $(38) | | $5,850 | $(41) |
Table 29 after “The following tables summarize our available-for-sale marketable debt securities with unrealized losses as of December 31, 2025 and 2024, ag”
| December 31, 2024 | | | | | | | | | |
| Less than 12 months | 12 months or greater | | Total | | | | | | |
| Fair Value | Unrealized Losses | | Fair Value | Unrealized Losses | Fair Value | | Unrealized Losses | | |
| U.S. government securities | $6,860 | | $(71) | | $4,330 | | $(146) | | $11,190 | $(217) |
| U.S. government agency securities | 435 | | (2) | | 2,083 | | (44) | | 2,518 | (46) |
| Corporate debt securities | 2,989 | | (26) | | 6,373 | | (192) | | 9,362 | (218) |
| Total | $10,284 | | $(99) | | $12,786 | | $(382) | | $23,070 | $(481) |
Table 30 after “The following table classifies our marketable debt securities by contractual maturities (in millions):”
| December 31, 2025 |
| Due within one year | $13,023 |
| Due after one year to five years | 26,704 |
| Total | $39,727 |
Table 31 after “The following table summarizes our non-marketable equity investments under measurement alternative and equity method (in millions):”
| December 31, | | |
| 2025 | 2024 | |
| Initial cost | $20,271 | | $6,342 |
| Cumulative upward adjustments | 429 | | 300 |
| Cumulative impairment/downward adjustments | (624) | | (624) |
| Non-marketable equity investments under measurement alternative | 20,076 | | 6,018 |
| Non-marketable equity investments under equity method | 7,448 | | 52 |
| Total carrying value of non-marketable equity investments | $27,524 | | $6,070 |
Table 32 after “Property and equipment, net consists of the following (in millions):”
| December 31, | | |
| 2025 | 2024 | |
| Land | $3,687 | | $2,561 |
| Servers and network assets | 98,040 | | 68,397 |
| Buildings | 55,568 | | 47,076 |
| Leasehold improvements | 8,346 | | 7,293 |
| Equipment and other | 9,377 | | 7,150 |
| Finance lease right-of-use assets | 8,187 | | 5,384 |
First 8 of 12 rows. The download has all of them.
Table 33 after “The components of lease costs are as follows (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Finance lease cost: | | | | | |
| Amortization of right-of-use assets | $549 | | $387 | | $349 |
| Interest | 31 | | 23 | | 20 |
| Operating lease cost | 2,798 | | 2,359 | | 2,091 |
| Variable lease cost and other | 1,147 | | 844 | | 580 |
| Total | $4,525 | | $3,613 | | $3,040 |
Table 34 after “Supplemental balance sheet information related to lease liabilities is as follows:”
| December 31, | | |
| 2025 | 2024 | |
| Weighted-average remaining lease term: | | | |
| Finance leases | 15.1 years | 13.7 years | |
| Operating leases | 12.3 years | 11.5 years | |
| Weighted-average discount rate: | | | |
| Finance leases | 4.1% | | 3.6% |
| Operating leases | 4.3% | | 3.9% |
Table 35 after “The following is a schedule, by years, of maturities of lease liabilities as of December 31, 2025 (in millions):”
| Operating Leases | Finance Leases | |
| 2026 | $3,211 | | $344 |
| 2027 | 3,237 | | 97 |
| 2028 | 3,057 | | 97 |
| 2029 | 2,985 | | 88 |
| 2030 | 2,621 | | 86 |
| Thereafter | 18,397 | | 792 |
| Total undiscounted cash flows | 33,508 | | 1,504 |
First 8 of 13 rows. The download has all of them.
Table 36 after “Supplemental cash flow information related to leases is as follows (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Cash paid for amounts included in the measurement of lease liabilities: | | | | | |
| Operating cash flows for operating leases | $3,189 | | $2,830 | | $2,233 |
| Operating cash flows for finance leases | $31 | | $23 | | $20 |
| Financing cash flows for finance leases | $2,524 | | $1,969 | | $1,058 |
| Lease liabilities arising from obtaining right-of-use assets: | | | | | |
| Operating leases | $7,017 | | $3,784 | | $4,370 |
First 8 of 9 rows. The download has all of them.
Table 37 after “Changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2025 and 2024 are as follows (in millions)”
| Family of Apps | Reality Labs | | Total | |
| December 31, 2023 | $19,246 | | $1,408 | | $20,654 |
| Acquisitions | — | | — | | — |
| December 31, 2024 | 19,246 | | 1,408 | | 20,654 |
| Acquisitions | 3,697 | | 99 | | 3,796 |
| Adjustments | 85 | | (1) | | 84 |
| December 31, 2025 | $23,028 | | $1,506 | | $24,534 |
Table 38 after “The following table sets forth the major categories of the intangible assets and their weighted-average remaining useful lives (in millions)”
| | December 31, 2025 | December 31, 2024 | | | | | | | | |
| Weighted-Average Remaining Useful Lives (in years) | Gross Carrying Amount | Accumulated Amortization | | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | | Net Carrying Amount | | |
| Acquired software | 2.6 | $2,601 | | $(400) | | $2,201 | | $250 | | $(58) | $192 |
| Acquired technology | 3.0 | 1,151 | | (235) | | 916 | | 442 | | (247) | 195 |
| Acquired patents | 6.4 | 224 | | (143) | | 81 | | 252 | | (165) | 87 |
| Other | 3.4 | 113 | | (16) | | 97 | | 24 | | (8) | 16 |
| Total finite-lived assets | | 4,089 | | (794) | | 3,295 | | 968 | | (478) | 490 |
| Total indefinite-lived assets | N/A | 397 | | — | | 397 | | 425 | | — | 425 |
First 8 of 9 rows. The download has all of them.
Table 39 after “As of December 31, 2025, expected amortization expense for finite-lived intangible assets for the next five years and thereafter is as follo”
| 2026 | $1,259 |
| 2027 | 1,162 |
| 2028 | 771 |
| 2029 | 39 |
| 2030 | 27 |
| Thereafter | 37 |
| Total | $3,295 |
Table 40 after “The components of accrued expenses and other current liabilities are as follows (in millions):”
| December 31, | | |
| 2025 | 2024 | |
| Legal-related accruals (1) | $6,867 | | $5,523 |
| Accrued compensation and benefits | 7,151 | | 6,350 |
| Accrued property and equipment | 4,402 | | 2,582 |
| Accrued taxes | 1,922 | | 3,438 |
| Other current liabilities | 10,387 | | 6,074 |
| Total | $30,729 | | $23,967 |
Table 41 after “The following table summarizes our fixed-senior unsecured notes (the Notes) and the carrying amount of our long-term debt (in millions, exce”
| Maturity | Stated Interest Rate | Effective Interest Rate | December 31, 2025 | December 31, 2024 | |
| August 2022 Notes | 2027 - 2062 | 3.50% - 4.65% | 3.63% - 4.71% | $10,000 | | $10,000 |
| May 2023 Notes | 2028 - 2063 | 4.60% - 5.75% | 4.68% - 5.79% | 8,500 | | 8,500 |
| August 2024 Notes | 2029 - 2064 | 4.30% - 5.55% | 4.42% - 5.60% | 10,500 | | 10,500 |
| November 2025 Notes | 2030 - 2065 | 4.20% - 5.75% | 4.27% - 5.77% | 30,000 | | — |
| Total face amount of long-term debt | | | | 59,000 | | 29,000 |
| Unamortized discount and issuance costs, net | | | | (256) | (174) | |
| Long-term debt | | | | $58,744 | | $28,826 |
Table 42 after “As of December 31, 2025, future principal payments for the Notes, by year, are as follows (in millions):”
| 2026 | $— |
| 2027 | 2,750 |
| 2028 | 1,500 |
| 2029 | 1,000 |
| 2030 | 5,000 |
| Thereafter | 48,750 |
| Total | $59,000 |
Table 43 after “The following is a schedule, by years, of non-cancelable contractual commitments as of December 31, 2025 (in millions):”
| 2026 | $30,634 |
| 2027 | 22,166 |
| 2028 | 21,221 |
| 2029 | 19,761 |
| 2030 | 19,407 |
| Thereafter | 17,857 |
| Total | $131,046 |
Table 44 after “The following table summarizes our dividends activities for the periods presented (in millions, except per share amounts):”
| Record Date | Payment Date | Dividend Per Share | Class A | | Class B | Total | |
| 2025 | | | | | | | |
| March 14, 2025 | March 26, 2025 | $0.525 | | $1,145 | | $180 | $1,325 |
| June 16, 2025 | June 26, 2025 | $0.525 | | $1,142 | | $180 | $1,322 |
| September 22, 2025 | September 29, 2025 | $0.525 | | $1,143 | | $180 | $1,323 |
| December 15, 2025 | December 23, 2025 | $0.525 | | $1,148 | | $180 | $1,328 |
| 2024 | | | | | | | |
| February 22, 2024 | March 26, 2024 | $0.50 | | $1,099 | | $174 | $1,273 |
First 8 of 11 rows. The download has all of them.
Table 45 after “The following table summarizes our share-based compensation expense, which consists of the RSU expense, by line item in our consolidated sta”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Cost of revenue | $1,124 | | $1,055 | | $740 |
| Research and development | 17,485 | | 13,683 | | 11,429 |
| Marketing and sales | 926 | | 1,026 | | 952 |
| General and administrative | 892 | | 926 | | 906 |
| Total | $20,427 | | $16,690 | | $14,027 |
Table 46 after “The following table summarizes the activities for our unvested RSUs for the year ended December 31, 2025:”
| Number of Shares | Weighted-Average Grant Date Fair Value Per Share | |
| (in thousands) | | |
| Unvested at December 31, 2024 | 122,632 | | $302.27 |
| Granted | 69,666 | | $661.57 |
| Vested | (61,906) | | $317.68 |
| Forfeited | (14,840) | | $379.82 |
| Unvested at December 31, 2025 | 115,552 | | $500.68 |
Table 47 after “The following table presents the detail of interest and other income, net (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Interest income | $2,123 | | $2,517 | | $1,639 |
| Interest expense | (1,165) | | (715) | | (446) |
| Foreign currency exchange gains (losses), net | 352 | | (690) | | (366) |
| Other income (expense), net | 1,346 | | 171 | | (150) |
| Total interest and other income, net | $2,656 | | $1,283 | | $677 |
Table 48 after “The components of income before provision for income taxes are as follows (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Domestic | $79,644 | | $66,342 | | $43,499 |
| Foreign | 6,288 | | 4,321 | | 3,929 |
| Income before provision for income taxes | $85,932 | | $70,663 | | $47,428 |
Table 49 after “The provision for income taxes consists of the following (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Current: | | | | | |
| Federal | $2,820 | | $9,569 | | $4,934 |
| State | 745 | | 775 | | 577 |
| Foreign | 3,154 | | 2,696 | | 2,688 |
| Total current tax expense | 6,719 | | 13,040 | | 8,199 |
| Deferred: | | | | | |
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Table 50 after “A reconciliation of the U.S. federal statutory income tax rate to our effective tax rate pursuant to the disclosure requirements of ASU 2023”
| Year Ended December 31, 2025 | |
| U.S. federal statutory income tax rate | $18,046 | 21.0% |
| State and local income taxes, net of federal income tax effect (1) | (202) | (0.2) |
| Foreign tax effects | 1,464 | 1.7 |
| Tax credits | | |
| Research and development tax credits | (3,912) | (4.6) |
| U.S. foreign tax credits | (1,405) | (1.6) |
| Valuation allowances (2) | 11,974 | 13.9 |
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Table 51 after “A reconciliation of the U.S. federal statutory income tax rates to our effective tax rate for the years ended December 31, 2024 and 2023 is ”
| Year Ended December 31, | | | |
| | 2024 | 2023 | |
| U.S. federal statutory income tax rate | | 21.0% | | 21.0% |
| State income taxes, net of federal benefit | | 0.7 | | 1.1 |
| Share-based compensation | | (3.7) | | (0.6) |
| Research and development tax credits | | (2.9) | | (1.5) |
| Foreign-derived intangible income deduction | | (4.9) | | (4.3) |
| Effect of non-U.S. operations | | 0.2 | | 0.9 |
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Table 52 after “Cash paid for income taxes, net of refunds received, by jurisdiction pursuant to the disclosure requirements of ASU 2023-09 for the year end”
| Year Ended December 31, 2025 |
| Federal | $4,118 |
| State | 331 |
| Foreign | |
| Brazil | 884 |
| India | 652 |
| Ireland | 567 |
| Other | 1,026 |
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Table 53 after “Our deferred tax assets (liabilities) are as follows (in millions):”
| December 31, | | |
| 2025 | 2024 | |
| Deferred tax assets: | | | |
| Loss carryforwards | $4,432 | | $289 |
| Tax credit carryforwards | 10,506 | | 2,771 |
| Share-based compensation | 706 | | 520 |
| Accrued expenses and other liabilities | 2,741 | | 2,223 |
| Lease liabilities | 5,150 | | 3,940 |
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Table 54 after “The following table reflects changes in the gross unrecognized tax benefits (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Gross unrecognized tax benefits ‑ beginning of period | $15,131 | | $11,666 | | $10,757 |
| Increases related to prior year tax positions | 900 | | 685 | | 168 |
| Decreases related to prior year tax positions | (1,131) | | (6) | | (263) |
| Increases related to current year tax positions | 2,863 | | 2,882 | | 1,204 |
| Decreases related to settlements of prior year tax positions | (1,264) | | (9) | | (199) |
| Decreases related to lapses of statute of limitations | (49) | | (87) | | (1) |
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Table 55 after “The following table sets forth our segment information of revenue, expenses, and income (loss) from operations (in millions):”
| Year Ended December 31, | | | | |
| 2025 | 2024 | | 2023 | |
| Family of Apps: | | | | | |
| Revenue | $198,759 | | $162,355 | | $133,006 |
| Employee compensation (1) | (39,943) | | (31,116) | | (28,878) |
| Other costs and expenses (2) | (56,347) | | (44,130) | | (41,257) |
| Income from operations | $102,469 | | $87,109 | | $62,871 |
| Reality Labs: | | | | | |
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Table 56 after “The following table sets forth our long-lived assets by geographic area, which consist of property and equipment, net and operating lease ri”
| December 31, | | |
| 2025 | 2024 | |
| United States | $173,390 | | $117,478 |
| Rest of the world (1) | 23,414 | | 18,790 |
| Total long-lived assets | $196,804 | | $136,268 |
Table 57 after “1. Consolidated Financial Statements:”
| Page |
| Reports of Independent Registered Public Accounting Firm (PCAOB ID No. 42) | 83 |
| Consolidated Balance Sheets | 88 |
| Consolidated Statements of Income | 89 |
| Consolidated Statements of Comprehensive Income | 90 |
| Consolidated Statements of Stockholders' Equity | 91 |
| Consolidated Statements of Cash Flows | 92 |
| Notes to Consolidated Financial Statements | 94 |
Table 58 after “3. Exhibits”
| Exhibit | | Incorporated by Reference | Filed Herewith | | |
| Number | Exhibit Description | Form | File No. | Exhibit | Filing Date |
| 3.1 | Amended and Restated Certificate of Incorporation (including all amendments thereto). | 10-Q | 001-35551 | 3.1 | August 1, 2024 |
| 3.2 | Amended and Restated Bylaws. | 8-K | 001-35551 | 3.1 | September 10, 2024 |
| 4.1 | Form of Class A Common Stock Certificate. | 10-K | 001-35551 | 4.1 | February 3, 2022 |
| 4.2 | Form of Class B Common Stock Certificate. | 10-K | 001-35551 | 4.2 | February 3, 2022 |
| 4.3 | Indenture, dated as of August 9, 2022, between Meta Platforms, Inc. and U.S. Bank Trust Company, National Association, as trustee. | 8-K | 001-35551 | 4.1 | August 9, 2022 |
| 4.4 | First Supplemental Indenture, dated as of August 9, 2022, between Meta Platforms, Inc. and U.S. Bank Trust Company, National Association, as trustee. | 8-K | 001-35551 | 4.2 | August 9, 2022 |
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Table 59 after “Table of Contents”
| Exhibit | | Incorporated by Reference | Filed Herewith | | | |
| Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | |
| 4.7 | Fourth Supplemental Indenture, dated as of November 3, 2025, by and between Meta Platforms, Inc. and U.S. Bank Trust Company, National Association, as trustee. | 8-K | 001-35551 | 4.1 | November 3, 2025 | |
| 4.8 | Description of Registrant's Capital Stock. | 10-K | 001-35551 | 4.6 | February 2, 2024 | |
| 10.1+ | Form of Indemnification Agreement. | 8-K | 001-35551 | 10.1 | April 15, 2019 | |
| 10.2(A)+ | 2012 Equity Incentive Plan, as amended. | 10-K | 001-35551 | 10.2(A) | February 2, 2023 | |
| 10.2(B)+ | Third Amendment to the 2012 Equity Incentive Plan. | 10-K | 001-35551 | 10.2(B) | February 2, 2023 | |
| 10.2(C)+ | Fourth Amendment to the 2012 Equity Incentive Plan. | 10-Q | 001-35551 | 10.1 | August 1, 2024 | |
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Table 60 after “Table of Contents”
| Exhibit | | Incorporated by Reference | Filed Herewith | | | |
| Number | Exhibit Description | Form | File No. | Exhibit | Filing Date | |
| 10.15+* | Form of Director Aircraft Time Sharing Agreement. | 10-Q | 001-35551 | 10.1 | October 31, 2024 | |
| 19.1 | Insider Trading Policy. | 10-K | 001-35551 | 19.1 | January 30, 2025 | |
| 19.2 | 10b5-1 Trading Plan Policy. | 10-K | 001-35551 | 19.2 | January 30, 2025 | |
| 21.1 | List of Subsidiaries. | | | | | X |
| 23.1 | Consent of Independent Registered Public Accounting Firm. | | | | | X |
| 31.1 | Certification of Mark Zuckerberg, Chief Executive Officer, pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. | | | | | X |
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Table 61 after “Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed by the following person”
| Signature | Title | Date |
| /s/ Mark Zuckerberg | Chairman and Chief Executive Officer(Principal Executive Officer) | January 28, 2026 |
| Mark Zuckerberg | | |
| /s/ Susan Li | Chief Financial Officer(Principal Financial Officer) | January 28, 2026 |
| Susan Li | | |
| /S/ Aaron Anderson | Chief Accounting Officer(Principal Accounting Officer) | January 28, 2026 |
| Aaron Anderson | | |
| /s/ Peggy Alford | Director | January 28, 2026 |
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Table 62 after “Table of Contents”
| Signature | Title | Date |
| /s/ Hock E. Tan | Director | January 28, 2026 |
| Hock E. Tan | | |
| /s/ Tracey T. Travis | Director | January 28, 2026 |
| Tracey T. Travis | | |
| /s/ Dana White | Director | January 28, 2026 |
| Dana White | | |
| /s/ Tony Xu | Director | January 28, 2026 |
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