Meta Platforms Q1 FY26: where the revenue came from and where it went
The whole income statement of Meta Platforms for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2026
- Reported
- Apr 30, 2026
Revenue$56.31B
+33% year over year
Gross profit$46.09B
82% margin
Operating profit$22.87B
41% margin
Net profit$26.77B
48% margin
Net profit is larger than what operations earned, because the statement adds $5.02B below it, under Tax benefit.
Figures in billions of dollars.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 56.31 | 100% | +33% |
| Advertising | 55.02 | 98% | +33% |
| Other | 0.89 | 1% | +74% |
| Reality labs | 0.40 | 1% | −2% |
| Cost of revenue | −10.22 | 18% | |
| Gross profit | 46.09 | 82% margin | +0pp |
| R&D | −17.70 | 31% | +3pp |
| Sales & marketing | −2.91 | 5% | −1pp |
| G&A | −2.61 | 5% | −1pp |
| Operating profit | 22.87 | 41% margin | −1pp |
| Interest & other costs | −1.12 | ||
| Tax benefit | 5.02 | ||
| Net profit | 26.77 | 48% margin | +8pp |
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