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Screener / SEC EDGAR /CIK 0001326801 /10-K filed Jan 29, 2026, compared with Jan 30, 2025 /Numbers from the XBRL of the 10-Ks
Communication peers:
TMUSVZMETADISCMCSAT
Nasdaq Communication · Internet & Software Services

Meta Platforms META

META quote by TradingView

Our mission is to build the future of human connection and the technology that makes it possible. 10-K, Item 1

Employees
78,865
Headquarters
Menlo Park, CA
CEO
Mark Zuckerberg
Next results
around Jan 27, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $201.0B through the costs to a net profit of $60.5B · income statement of the 10-K

41% operating margin
Revenue to Gross profit: $164.8BRevenue to Cost of revenue: $36.2BGross profit to Operating profit: $83.3BGross profit to Operating expenses: $81.5BOperating profit to Net profit: $57.8BOperating profit to Tax: $25.5BOther income to Net profit: $2.7BOperating expenses to R&D: $57.4BOperating expenses to Sales, admin & other: $24.1B Revenue: $201.0B REVENUE $201.0B +22% Y/Y Gross profit: $164.8B · 82% margin GROSS PROFIT $164.8B 82% margin Cost of revenue: $36.2B · 18% of revenue COST OF REVENUE $36.2B 18% of revenue Operating profit: $83.3B · 41% margin OPERATING PROFIT $83.3B 41% margin · +20% Y/Y Other income: $2.7B · 1% of revenue OTHER INCOME $2.7B 1% of revenue Operating expenses: $81.5B · 41% of revenue OPERATING EXPENSES $81.5B 41% of revenue Net profit: $60.5B · 30% margin NET PROFIT $60.5B 30% margin · −3% Y/Y Tax: $25.5B · 13% of revenue TAX $25.5B 13% of revenue R&D: $57.4B · 29% of revenue R&D $57.4B 29% of revenue Sales, admin & other: $24.1B · 12% of revenue SALES, ADMIN & OTHER $24.1B 12% of revenue
Gross profit $164.8B 82% margin
Operating profit $83.3B 41% margin · +20% Y/Y
Net profit $60.5B 30% margin · −3% Y/Y
The full income statement, year by year

META among Communication peers

Six ratios from the latest 10-K. Each corner is the share of 18 peers the company is above, not a score.

Compare
Revenue growth: 22.2%, above 89% of 18 peers (their median 5.9%) REVENUE GROWTH 22.2% · above 89% Gross margin: 81.0%, above 67% of 6 peers (their median 58.7%) GROSS MARGIN 81.0% · above 67% Operating margin: 32.9%, above 88% of 16 peers (their median 18.4%) OPERATING MARGIN 32.9% · above 88% Net margin: 31.1%, above 83% of 18 peers (their median 9.0%) NET MARGIN 31.1% · above 83% FCF margin: 11.9%, above 60% of 15 peers (their median 8.4%) FCF MARGIN 11.9% · above 60% Return on capital: 16.5%, above 85% of 13 peers (their median 9.2%) RETURN ON CAPITAL 16.5% · above 85%
META Peer median Below the median

What changed

7 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Jan 29, 2026 against Jan 30, 2025.

Risk factors
7 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Consolidation accounting for a variable interest entity (“As described in Note 5 to the consolidated financial statements, the Company entered into an arrangement (the “Venture”) to co-develop a data center campus. The Company determined whether it holds a variable interest in the Venture, whether the entity in which the Company has a variable interest is ”). No longer listed: Table of Contents; Table of Contents. Same as last year: Loss Contingencies; Uncertain Tax Positions
10-K · XBRL
Accounting checks
9 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
7 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Critical audit matters changed
    New this year: Consolidation accounting for a variable interest entity (“As described in Note 5 to the consolidated financial statements, the Company entered into an arrangement (the “Venture”) to co-develop a data center campus. The Company determined whether it holds a variable interest in the Venture, whether the entity in which the Company has a variable interest is ”). No longer listed: Table of Contents; Table of Contents. Same as last year: Loss Contingencies; Uncertain Tax Positions
  • Receivables +16.3% vs revenue +22.2% (-5.8 pts)
8 more checks with nothing to note
  • Cash from operations $115.8B vs net income $60.5B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Jan 30, 2025. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Jan 30, 2025 10-K, ITEM 1A
    Our ability to support these investments is dependent on generating sufficient profits from other areas of our business. From time to time we may also seek to raise additional capital through debt, equity, or other financing arrangements to support our business operations, strategic initiatives, or other corporate purposes. Such…
  2. Item 1A · new paragraph · not in the 10-K filed Jan 30, 2025 10-K, ITEM 1A
    Our reputation and ability to attract, retain, and serve our users is dependent upon the reliable performance of our products and services and our underlying technical infrastructure. We have experienced, and may in the future experience, interruptions in the availability or performance of our products and services from time to time.…
  3. Item 1A · new paragraph · not in the 10-K filed Jan 30, 2025 10-K, ITEM 1A
    We have had, and may in the future have, exposure to greater than anticipated tax liabilities.
  4. Item 1A · new paragraph · not in the 10-K filed Jan 30, 2025 10-K, ITEM 1A
    Our products and internal systems rely on software and hardware, including software and hardware developed or

New risk paragraphs, against peers

Latest 10-K of each, Communication companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$116.6B$134.9B$164.5B$201.0B
Net income$23.2B$39.1B$62.4B$60.5B
Operating cash flow$50.5B$71.1B$91.3B$115.8B
Free cash flow$19.3B$44.1B$54.1B$46.1B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$201.0B ▲ 22.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

7 filings in the last 30 days · SEC EDGAR

All filings
2 more

About the company

Meta Platforms, Menlo Park, CA · from the 10-K filed Jan 29, 2026

Our mission is to build the future of human connection and the technology that makes it possible. Our products enable people to connect and share through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses. We are innovating in artificial intelligence (AI) technologies to build transformative experiences and capabilities across our Family of Apps and new platforms, and to advance our vision to deliver personal superintelligence for everyone.

Headquarters
Menlo Park, CA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Oct 21, 2026
Incorporated in
DE

Employees, at the top of the page: "We had a global workforce of 78,865 employees as of December 31, 2025, and we have offices in more than 90 cities around the world" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Jan 29, 2026 (open at SEC), compared with the 10-K filed Jan 30, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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