Summary
Meta Platforms, Inc. reported strong financial performance for the fiscal year ended December 31, 2025, with total revenue reaching $200.97 billion, a 22% increase year-over-year, primarily driven by advertising revenue. The company saw a 12% increase in ad impressions and a 9% increase in average price per ad. Despite increased operating expenses, particularly in research and development for AI initiatives, income from operations grew by 20% to $83.28 billion. The Reality Labs segment continued to be a significant investment area, reporting an operating loss of $19.19 billion for 2025, a slight increase from the prior year. This segment's performance reflects Meta's ongoing commitment to developing the next computing platform, with a substantial portion of expenses directed towards wearables and VR. Meta Platforms also continued its capital return program, repurchasing $26.26 billion of Class A common stock and paying $5.32 billion in dividends. The company ended the year with a strong liquidity position, holding $81.59 billion in cash, cash equivalents, and marketable securities. Regulatory and legal matters remain a significant focus, with ongoing engagement and potential impacts on operations and financial results.
Financial Highlights
52 data points| Revenue | $200.97B |
| Cost of Revenue | $36.17B |
| Gross Profit | $164.79B |
| R&D Expenses | $57.37B |
| Operating Expenses | $117.69B |
| Operating Income | $83.28B |
| Interest Expense | $1.09B |
| Net Income | $60.46B |
| EPS (Basic) | $23.98 |
| EPS (Diluted) | $23.49 |
| Shares Outstanding (Basic) | 2.52B |
| Shares Outstanding (Diluted) | 2.57B |
Key Highlights
- 1Total revenue grew 22% to $200.97 billion, driven by a 22% increase in advertising revenue.
- 2Family of Apps (FoA) income from operations increased 18% to $102.47 billion, while Reality Labs (RL) reported an operating loss of $19.19 billion.
- 3Daily active people (DAP) across Meta's Family of Apps increased 7% year-over-year to 3.58 billion on average in December 2025.
- 4Research and development expenses increased significantly by 31% to $57.37 billion, largely due to investments in AI initiatives.
- 5Meta repurchased $26.26 billion of its Class A common stock and paid $5.32 billion in dividends and dividend equivalents.
- 6Cash, cash equivalents, and marketable securities stood at $81.59 billion as of December 31, 2025.
- 7The company faces ongoing legal and regulatory challenges, including significant litigation related to data practices, privacy, and antitrust concerns.