Meta Platforms

META · Communication Services · Market cap $1.35T

Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 30, 2026

Revenue$56.3B +33% year over year

Gross profit$46.1B

Operating profit$22.9B

Net profit$26.8B 48% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	56.3	100%	+33%
Advertising	55	98%	+33%
Other revenue	0.9	2%	+74%
Reality Labs	0.4	1%	−2%
Cost of revenue	−10.2	18%
Gross profit	46.1	82% margin	+0pp
Research & development	−17.7	31%	+3pp
Sales & marketing	−2.9	5%	−1pp
G&A	−2.6	5%	−1pp
Operating profit	22.9	41% margin	−1pp
Interest & other costs	−1.1
Net profit	26.8	48%	+8pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	51.2	100%	+26%
Advertising	50.1	98%	+26%
Other revenue	0.7	1%	+59%
Reality Labs	0.5	1%	+74%
Cost of revenue	−9.2	18%
Gross profit	42	82% margin	+0pp
Research & development	−15.2	30%	+2pp
Sales & marketing	−2.8	6%	−1pp
G&A	−3.5	7%	+2pp
Operating profit	20.5	40% margin	−3pp
Tax	−18.9
Net profit	2.7	5%	−33pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	47.5	100%	+22%
Advertising	46.6	98%	+21%
Other revenue	0.6	1%	+50%
Reality Labs	0.4	1%	+5%
Cost of revenue	−8.5	18%
Gross profit	39	82% margin	+1pp
Research & development	−12.9	27%	+0pp
Sales & marketing	−3	6%	−1pp
G&A	−2.7	6%	−4pp
Operating profit	20.4	43% margin	+5pp
Tax	−2.2
Net profit	18.3	39%	+4pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	42.3	100%	+16%
Advertising	41.4	98%
Other revenue	0.5	1%
Reality Labs	0.4	1%
Cost of revenue	−7.6	18%
Gross profit	34.7	82% margin	+0pp
Research & development	−12.1	29%	+1pp
Sales & marketing	−2.8	7%	−1pp
G&A	−2.3	5%	−4pp
Operating profit	17.6	41% margin	+4pp
Tax	−1.8
Net profit	16.6	39%	+5pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 1 – Mar 31, 2026	Apr 30, 2026	$56.3B	+33%	41%	$26.8B	48%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 30, 2025	$51.2B	+26%	40%	$2.7B	5%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 31, 2025	$47.5B	+22%	43%	$18.3B	39%
Q1 FY25	Jan 1 – Mar 31, 2025	May 1, 2025	$42.3B	+16%	42%	$16.6B	39%