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Meta Platforms (META) stock

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NASDAQ: META Nasdaq Interactive Media & Services Next results ~January 27, 2027

B Fundamentals grade

Meta Platforms is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$520

Cash-flow model

Base case. Range ~$400–$680 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 16% above our base value.

Price used: $606.73, November 2, 2026

Meta Platforms valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Meta Platforms files

10-Q filed October 22: Meta Platforms

Rating: Hold to Sell Model value −23.0%

Revenue for the twelve months to September 2026 reached $241.6bn, up 27.5% on a year earlier. That pace held broadly steady against the prior quarter and ranks 112 of the 934 companies we cover. Margins tell a different story. Free cash flow margin dropped to 11.9% from 23.7% a year earlier, while the operating margin narrowed to 32.9% from 43.2%. Reflecting that squeeze, our model value falls from $619 to $476 a share. With the stock trading at $649, the shares now sit well above what the fundamentals support. We move the rating from Hold to Sell.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Meta Platforms stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $228.2bn, up 27.7% on a year earlier, faster than 26.2% a quarter earlier. That growth ranks 107 of 931 among all the companies we cover. Free-cash-flow margin fell to 18.0% from 28.0% a year earlier. Operating margin narrowed to 38.1% from 44.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $576 a share, against a share price of $690.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

Meta Platforms's trailing-twelve-month revenue grew 27.5% year on year, with a free-cash-flow margin of 11.9%. Where it stands out: operating margin of 32.9% ranks 4 of 63 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$520 per share in the base case (~$400–$680 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 36.1% while net income grew 28.6%: a 65pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 27.5% over the last 12 months, against a median of 2.4% for interactive media & services companies we cover.
  • High operating margin. 32.9% of revenue is left as operating profit, against a median of 0.3% for interactive media & services companies we cover.

Things to watch

  • Margins narrowing. Operating margin is down 10.4 points on a year ago.
  • Insiders selling. 11 insiders sold $259M of stock over the past 365 days and none bought (95% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was 38% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 11.1% ranks 48 of 61 interactive media & services companies we cover (median 3.9%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$3.83 against an average estimate of $5.46: missed by 29.9%
Revenue
$64.60bn, up 26.1% on a year earlier
Share reaction
-6.5% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Guidance given
total revenue $73bn to $76bn (fourth quarter 2026); total expenses $175bn to $179bn (full year 2026)
Next report
October 21, 2026; average EPS estimate $8.55

Meta Platforms' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.3%
  • 1 week-3.8%
  • 1 month-16.7%
  • This year-7.8%
  • 1 year-6.1%
  • 5 years+84.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$242B
Operating margin
32.9%
Net margin
31.1%
EPS (TTM, diluted)
$29.32

Growth

Revenue growth
+27.5%
Change in growth rate
−0.1 pts
Share count change
−0.8%

Cash

Free cash flow (TTM)
$28.6B
FCF margin
11.9%
Stock pay % of revenue
11.1%

Earnings

Last results
October 21, 2026
Next results (est.)
January 27, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement

    Meta partners with INCA to support blind and low-vision Canadians

    Meta Platforms said it has formed a partnership with the INCA Foundation to integrate the experiences of blind and low-vision Canadians into wearable technology development. The company will fund community consultations and peer-led training sessions. Meta also donated AI glasses to INCA's job access programme to help participants explore employment opportunities.

    Company releaseRead source ↗
  2. Partnership

    Meta funds CNIB to test AI glasses with blind Canadians

    Meta Platforms said it will fund CNIB to engage blind and low-vision Canadians in testing AI glasses. The partnership includes peer-led training and product feedback for Meta's teams. The company is also donating devices through CNIB's Come to Work program to support employment goals.

    Company releaseRead source ↗
  3. Agreement
  4. Announcement

    Meta awards $2 million to five US universities for medical AI research

    Meta Platforms said it will provide $2 million in grants to five US universities to support medical and scientific research. The funding supports projects at Caltech, Ohio State, Louisiana State, Indiana, and UTHealth Houston that use Meta's models to address healthcare challenges. These include monitoring infant tracheostomies and improving communication for patients with dementia.

    Company releaseRead source ↗
  5. Announcement

    Meta launches Muse AI agent in Singapore

    Meta Platforms said Muse, its personal AI agent, is now available in Singapore. The tool connects to local services such as Shopee, Grab and Singapore Airlines to handle tasks like shopping and travel planning. Meta stated that users control access and the service is free for basic use, with paid options for advanced features.

    Company releaseRead source ↗
  6. Our research
  7. Announcement

    Meta adds AI moderation and scheduling tools to Forum app

    Meta Platforms said it introduced new features to Forum, its dedicated app for Facebook Groups. The updates include AI tools that flag posts against group rules and draft content for review. Admins also gained access to a shared content calendar and more flexible automated moderation settings.

    Company releaseRead source ↗
  8. Results
  9. Guidance
  10. Insider trade
  11. Guidance
  12. Product

    Meta launches AI glasses pilot at Milan museum for blind visitors

    Meta Platforms said it has launched a pilot at Milan's Pinacoteca di Brera with EssilorLuxottica. The project uses AI glasses to provide audio descriptions of eight artworks for blind and low vision visitors. The system integrates with the museum's existing app and was developed with local sight loss charities.

    Company releaseRead source ↗
  13. Announcement

    Meta allows non-users to join WhatsApp calls

    Meta Platforms said it has enabled guest calling on WhatsApp, allowing users without an account to join 1:1 and group calls with up to 32 people. Guests must be admitted by the host and can use features such as screen sharing. The company added that calendar integrations for Google and Outlook will arrive later this year.

    Company releaseRead source ↗
  14. Announcement

    Meta names winners of Edits Film Festival in Mumbai

    Meta Platforms said the Edits Film Festival concluded in Mumbai, with Ishank Gupta, Sanya Rohillaa and Ahsan Vazir named as winners. The company noted that submissions were made over 45 days using Instagram's video editing app. Filmmaker Farah Khan attended the event and spoke to the audience about her approach to content creation.

    Company releaseRead source ↗
  15. Announcement

    Meta adds AI tools for users to customise Facebook feed

    Meta Platforms said it introduced new AI-powered tools that allow users to shape their Facebook Feed and Reels. The company stated that users can now input their interests in natural language to fine-tune recommendations. Meta added that these ranking systems adapt in real time based on the feedback provided.

    Company releaseRead source ↗
  16. Announcement

    Meta names 12 films for Edits Film Festival in Mumbai

    Meta Platforms said it has selected 12 entries for the Edits Film Festival, which is taking place in Mumbai this week. The company noted that the event drew over 200 submissions from across India between August 25 and October 8. A panel of judges will now choose the top three winners from the official selection.

    Company releaseRead source ↗
  17. Announcement
  18. Insider trade
  19. Insider trade
  20. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Meta Platforms valuation models and calculator

What the price is pricing in

The share price implies about 25.1% a year of cash-flow growth for five years.That is faster than the 15.4% a year revenue growth Meta Platforms has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in25.1%
  • Last 12 months27.5%
  • 3 years a year23.9%
  • 5 years a year15.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($610.99, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$520
Price used
$610.99close November 3, 2026
Implied change
▼ 14%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Meta Platforms's free cash flow after stock-based pay with after-tax interest added back ($26.5B, FY2026 Q3 TTM), growing 22.9% and 20.6% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$400–~$680 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Meta Platforms's free cash flow after stock-based pay ( $26.5B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Meta Platforms as an operating company, with every model that fits that kind of business. Cost of equity 10.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.22 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$520 ~$400–$680 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$330 ~$220–$420 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$320 ~$270–$520 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$680 ~$490–$950 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$370 ~$330–$430 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$460 ~$320–$680 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Meta Platforms with Interactive Media & Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −8%
  • Last year's free-cash-flow margin change, if it persists ▼ −50%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $148$201$271$364$485$641
8.5% $113$151$202$269$355$466
10% $92$122$161$212$277$361

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$103.67$113.96$174.79$129.85$203.30$270.57$333.16$119.20$350.60$582.17$658.40$606.73
Market value$295.8bn$333.3bn$516.7bn$379.3bn$584.7bn$781.4bn$952.5bn$322.1bn$921.7bn$1.52tn$1.69tn$1.56tn
+ Net debt (− = net cash)−$4.7bn−$8.9bn−$8.1bn−$10.0bn−$19.1bn−$17.6bn−$16.6bn−$4.7bn−$23.4bn−$14.9bn$23.1bn$72.8bn
Enterprise value$291.1bn$324.4bn$508.6bn$369.3bn$565.6bn$763.8bn$935.9bn$317.4bn$898.4bn$1.51tn$1.72tn$1.63tn
Multiples
Price / sales 16.5x12.1x12.7x6.8x8.3x9.1x8.1x2.8x6.8x9.3x8.4x6.4x
Price / earnings 80.2x32.6x32.4x17.2x31.6x26.8x24.2x13.9x23.6x24.4x28.0x20.7x
Price / free cash flow 37.9x28.7x29.6x24.7x27.6x33.1x24.4x16.7x20.9x28.1x36.8x54.4x
EV / EBITDA 35.6x22.0x21.9x12.6x19.0x19.3x17.1x8.4x15.5x17.8x16.9x15.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

85 /100

Strong moat

How hard Meta Platforms's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 28.6% of total assets over 8 years.

  • Pricing power 20 / 20

    Gross margin has been a median 81.2%, moving by 2.0 percentage points (standard deviation) across 10 years.

  • Durability 20 / 20

    Operating margin has been a median 38.2%; its worst year was 29.0%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 29.6% of revenue.

  • Discipline 10 / 20

    The diluted share count fell 11.0% over five years; stock-based pay has been a median 9.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (90 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $29.16 +24% $256.7bn +28%
Next $33.94 +16% $312.3bn +22%

Next year's EPS estimate has moved −3.3% in 90 days, across 56 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −11.8% on 90 days ago. In the last 30 days, 4 analysts raised Meta Platforms's forecast and 6 cut it.

Consensus EPS forecast Meta Platforms, last 90 days
$28.00 $30.00 $32.00 $34.00 $36.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $33.05 Current fiscal year, 60 days ago: $31.37 Current fiscal year, 30 days ago: $31.17 Current fiscal year, 7 days ago: $30.41 Current fiscal year, Now: $29.16 $29.16 Next fiscal year, 90 days ago: $35.10 Next fiscal year, 60 days ago: $33.95 Next fiscal year, 30 days ago: $34.07 Next fiscal year, 7 days ago: $33.76 Next fiscal year, Now: $33.94 $33.94

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $33.05$35.10
60 days ago $31.37$33.95
30 days ago $31.17$34.07
7 days ago $30.41$33.76
Now $29.16$33.94

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $5.46 $3.83 −29.9%
Jun 2026 $7.22 $6.18 −14.4%
Mar 2026 $6.66 $10.44 +56.8%
Dec 2025 $8.22 $8.88 +8.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026
  • total revenue fourth quarter 2026 $73bn to $76bn
    “We expect fourth quarter 2026 total revenue to be in the range of $73-76 billion.” source
  • total expenses full year 2026 $175bn to $179bn Raised
    “We now expect full year 2026 total expenses to be in the range of $175-179 billion.” source
  • Reality Labs losses 2026 $18bn to $19bn
    “At a segment level, we now expect Reality Labs losses to decline compared to 2025 to a range of $18-19 billion.” source
  • capital expenditures 2026 $135bn to $145bn Narrowed
    “We anticipate 2026 capital expenditures, including principal payments on finance leases, to be in the range of $135-145 billion, narrowed from our prior outlook of $130-145 billion.” source
  • Reality Labs losses next year about $15bn
    “Separately, we remain focused on improving Reality Labs profitability and expect losses to narrow next year to around $15 billion as we reallocate investment toward other priority areas, primarily AI.” source
  • tax rate fourth quarter 2026 15% to 17%
    “Absent any changes to our tax landscape, we expect our fourth quarter 2026 tax rate to be between 15-17%.” source

How earlier guidance turned out

  • total revenue, third quarter 2026 guided $61bn to $64bn Above range: $64.601bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Meta Platforms's revenue by +22.9% next year and +20.6% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+23.6%, weight 58%) , management guidance (+24.4%, weight 18%) and the company's own record (+20.0%, weight 24%) . How the weights are set.

Analyst recommendations

62 analysts, Oct 2026
Buy5589%
Hold610%
Sell12%

Monthly trend

  1. Oct 2026946662
  2. Sep 2026847763
  3. Aug 2026847762
  4. Jul 2026847762

Counts of recommendations published by analysts covering Meta Platforms, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.3%
of tradable shares
Days to cover
1.32
at average volume
Short interest, 1 month
−8%
to October 15, 2026
Held by institutions
79%
of shares
Held by insiders
0.1%
of shares
Employees
66,775
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −6.1%

$646.16 on October 31, 2025 to $606.73

ThenNowEffect
Revenue (last 12 months) $178.8bn $228.2bn +27.7%
Net margin 40.0% 29.8% −25.4%
P/E multiple 23.5x 22.9x −2.5%
Share count 2595m 2567m +1.1%

Biggest factor: net margin.

Last 3 years +94.7%

$311.62 on November 3, 2023 to $606.73

ThenNowEffect
Revenue (last 12 months) $120.5bn $228.2bn +89.4%
Net margin 18.7% 29.8% +59.5%
P/E multiple 36.5x 22.9x −37.3%
Share count 2640m 2567m +2.9%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
META+23%−64%+194%+66%+13%−8%
Industry peers (median)−26%−54%−6%−21%−16%−27%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
META67%33%92%67%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
META−20%−74%−13%−18%−34%−29%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 77% from September 7, 2021 to November 3, 2022. Getting back needed a 330% gain, reached on January 19, 2024, 442 days after the low.

Price behaviour

52-week range
$524.82 – $777.59
From 52-week high
−22.0%
vs 50-day average
−9.6%
vs 200-day average
−3.9%
Volatility (1 year)
41%
Beta vs S&P 500
1.42

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 5 down
typical move ±7.3%
After a week
4 up, 6 down
typical move ±6.9%
After a month
3 up, 6 down
typical move ±7.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 −6.5% −0.7% −11.8% —
July 29, 2026 −9.2% +0.1% −0.8% −3.8%
April 29, 2026 −8.9% +1.0% −8.7% −5.8%
January 28, 2026 +9.7% −0.2% −0.6% −3.7%
October 29, 2025 −11.3% −1.1% −15.4% −13.8%
July 30, 2025 +10.5% −0.5% +10.3% +7.3%
April 30, 2025 +3.2% +0.7% +7.6% +16.8%
January 29, 2025 +1.9% +0.1% +4.5% −0.9%
October 30, 2024 −4.3% −2.3% −3.6% −3.2%
July 31, 2024 +7.5% +0.2% +5.6% +11.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Meta Platforms’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look cheap

Option prices imply less movement than the shares have recently shown. Selling options pays little for the risk taken.

  • Implied is 0.92× the last 60 days’ realised volatility , richer than 9% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is below 60-day realised: selling options pays little for the risk taken.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

META Meta Platforms Grade B $612.36

Own 100 shares, sell the $670 call expiring December 4, 2026 (32 days) for $8.40 a share — $840 per contract.

Previous session · Bid $8.40, ask $9.00, quoted Mon 2 Nov, 17:29 New York time with META at $612.36. Option prices move with the shares: check the live chain at your broker before trading.

  • If META ends below $670: you keep your shares and the $840 — 1.4% extra on the position, 15.6% a year at that pace.
  • If it ends above $670: your shares are sold at $670, a total return of 10.8% including the premium — at or above our value of ~$520.
$6.6k $0 −$12.1k Our value $520 Break-even $603.96 Price $612.36
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$840
Annualised
15.6%
Break-even
$603.96
Max gain
$6,604
Chance of selling
~25%

Collar

Own the shares, buy the $570 put and sell the $670 call, both expiring December 4, 2026 (32 days).

  • Net cost of $5.75 a share ($575 per contract of 100 shares).
  • Worst case at expiry: -7.9%, if the shares fall below $570 (-6.9% from today).
  • Best case at expiry: +8.5%, if the shares rise above $670 (+9.4%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $520: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Meta Platforms in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Meta Platforms
$100B $150B $200B $250B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $134.9B Revenue (TTM), FY24 Q1: $142.7B Revenue (TTM), FY24 Q2: $149.8B Revenue (TTM), FY24 Q3: $156.2B Revenue (TTM), FY24 Q4: $164.5B Revenue (TTM), FY25 Q1: $170.4B Revenue (TTM), FY25 Q2: $178.8B Revenue (TTM), FY25 Q3: $189.5B Revenue (TTM), FY25 Q4: $201B Revenue (TTM), FY26 Q1: $215B Revenue (TTM), FY26 Q2: $228.2B Revenue (TTM), FY26 Q3: $241.6B $241.6B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $134.9B
FY24 Q1 $142.7B
FY24 Q2 $149.8B
FY24 Q3 $156.2B
FY24 Q4 $164.5B
FY25 Q1 $170.4B
FY25 Q2 $178.8B
FY25 Q3 $189.5B
FY25 Q4 $201B
FY26 Q1 $215B
FY26 Q2 $228.2B
FY26 Q3 $241.6B
Revenue growth, TTM YoY Meta Platforms
15% 20% 25% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 15.7% Revenue growth, TTM YoY, FY24 Q1: 21.6% Revenue growth, TTM YoY, FY24 Q2: 24.3% Revenue growth, TTM YoY, FY24 Q3: 23.1% Revenue growth, TTM YoY, FY24 Q4: 21.9% Revenue growth, TTM YoY, FY25 Q1: 19.4% Revenue growth, TTM YoY, FY25 Q2: 19.4% Revenue growth, TTM YoY, FY25 Q3: 21.3% Revenue growth, TTM YoY, FY25 Q4: 22.2% Revenue growth, TTM YoY, FY26 Q1: 26.2% Revenue growth, TTM YoY, FY26 Q2: 27.7% Revenue growth, TTM YoY, FY26 Q3: 27.5% 27.5%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 15.7%
FY24 Q1 21.6%
FY24 Q2 24.3%
FY24 Q3 23.1%
FY24 Q4 21.9%
FY25 Q1 19.4%
FY25 Q2 19.4%
FY25 Q3 21.3%
FY25 Q4 22.2%
FY26 Q1 26.2%
FY26 Q2 27.7%
FY26 Q3 27.5%
Operating margin (TTM) Meta Platforms
30% 35% 40% 45% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 34.7% Operating margin (TTM), FY24 Q1: 37.4% Operating margin (TTM), FY24 Q2: 39.3% Operating margin (TTM), FY24 Q3: 39.9% Operating margin (TTM), FY24 Q4: 42.2% Operating margin (TTM), FY25 Q1: 42.9% Operating margin (TTM), FY25 Q2: 44.0% Operating margin (TTM), FY25 Q3: 43.2% Operating margin (TTM), FY25 Q4: 41.4% Operating margin (TTM), FY26 Q1: 41.2% Operating margin (TTM), FY26 Q2: 38.1% Operating margin (TTM), FY26 Q3: 32.9% 32.9%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 34.7%
FY24 Q1 37.4%
FY24 Q2 39.3%
FY24 Q3 39.9%
FY24 Q4 42.2%
FY25 Q1 42.9%
FY25 Q2 44.0%
FY25 Q3 43.2%
FY25 Q4 41.4%
FY26 Q1 41.2%
FY26 Q2 38.1%
FY26 Q3 32.9%
FCF margin (TTM) Meta Platforms
0% 10% 20% 30% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 32.7% FCF margin (TTM), FY24 Q1: 34.9% FCF margin (TTM), FY24 Q2: 33.2% FCF margin (TTM), FY24 Q3: 33.5% FCF margin (TTM), FY24 Q4: 32.9% FCF margin (TTM), FY25 Q1: 30.7% FCF margin (TTM), FY25 Q2: 28.0% FCF margin (TTM), FY25 Q3: 23.7% FCF margin (TTM), FY25 Q4: 22.9% FCF margin (TTM), FY26 Q1: 22.4% FCF margin (TTM), FY26 Q2: 18.0% FCF margin (TTM), FY26 Q3: 11.9% 11.9%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 32.7%
FY24 Q1 34.9%
FY24 Q2 33.2%
FY24 Q3 33.5%
FY24 Q4 32.9%
FY25 Q1 30.7%
FY25 Q2 28.0%
FY25 Q3 23.7%
FY25 Q4 22.9%
FY26 Q1 22.4%
FY26 Q2 18.0%
FY26 Q3 11.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Meta Platforms took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $201B
  2. Other income $2.7B · 1.3%
  3. Cost of revenue $36.2B · 18.0%
  4. Gross profit $165B · 82.0%
  5. Research and development $57.4B · 28.5%
  6. Selling, general and admin $24.1B · 12.0%
  7. Operating income $83.3B · 41.4%
  8. Income tax $25.5B · 12.7%
  9. Net income $60.5B · 30.1%

Shares of revenue. Source: Meta Platforms's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 2.0 3.7 5.1 7.9 12.5 17.9 27.6 40.7 55.8 70.7 86.0 117.9 116.6 134.9 164.5 201.0 241.6
Gross profit 1.5 2.9 3.7 6.0 10.3 15.1 23.8 35.2 46.5 57.9 69.3 95.3 91.4 108.9 134.3 164.8 195.8
EBITDA 1.2 2.1 1.2 3.8 6.2 8.2 14.8 23.2 29.2 29.7 39.5 54.7 37.6 57.9 84.9 101.9 103.6
Operating income 1.0 1.8 0.5 2.8 5.0 6.2 12.4 20.2 24.9 24.0 32.7 46.8 28.9 46.8 69.4 83.3 79.4
Net income 0.6 1.0 0.1 1.5 2.9 3.7 10.2 15.9 22.1 18.5 29.1 39.4 23.2 39.1 62.4 60.5 75.2
Diluted EPS $0.28 $0.46 $0.01 $0.60 $1.10 $1.29 $3.49 $5.39 $7.57 $6.43 $10.09 $13.77 $8.59 $14.87 $23.86 $23.49 $29.32
Growth (year on year)
Revenue — +88.0% +37.1% +54.7% +58.4% +43.8% +54.2% +47.1% +37.4% +26.6% +21.6% +37.2% −1.1% +15.7% +21.9% +22.2% +27.5%
EBITDA — +77.5% −42.9% +221.4% +63.5% +31.0% +80.8% +57.3% +25.8% +1.7% +33.0% +38.4% −31.2% +53.9% +46.5% +20.0% +4.3%
Operating income — +70.2% −69.4% +421.2% +78.1% +24.6% +99.6% +62.6% +23.3% −3.7% +36.2% +43.1% −38.1% +61.5% +48.4% +20.0% −3.1%
Net income — +65.0% −94.7% — +96.0% +25.4% +177.0% +56.0% +38.8% −16.4% +57.7% +35.1% −41.1% +68.5% +59.5% −3.0% +28.6%
Diluted EPS — +64.3% −97.8% — +83.3% +17.3% +170.5% +54.4% +40.4% −15.1% +56.9% +36.5% −37.6% +73.1% +60.5% −1.6% +29.6%
Margins
Gross margin 75.0% 76.8% 73.2% 76.2% 82.7% 84.0% 86.3% 86.6% 83.2% 81.9% 80.6% 80.8% 78.3% 80.8% 81.7% 82.0% 81.0%
EBITDA margin 59.3% 56.0% 23.3% 48.5% 50.0% 45.6% 53.4% 57.1% 52.3% 42.0% 46.0% 46.4% 32.3% 42.9% 51.6% 50.7% 42.9%
Operating margin 52.3% 47.3% 10.6% 35.6% 40.1% 34.7% 45.0% 49.7% 44.6% 33.9% 38.0% 39.6% 24.8% 34.7% 42.2% 41.4% 32.9%
Net margin 30.7% 26.9% 1.0% 19.1% 23.6% 20.6% 37.0% 39.2% 39.6% 26.1% 33.9% 33.4% 19.9% 29.0% 37.9% 30.1% 31.1%
Free-cash-flow margin 20.5% 25.4% 7.4% 36.3% 44.1% 43.5% 42.0% 43.0% 27.5% 30.0% 27.4% 33.1% 16.5% 32.7% 32.9% 22.9% 11.9%
Cash flow
Cash from operations 0.7 1.5 1.6 4.2 7.3 10.3 16.1 24.2 29.3 36.3 38.7 57.7 50.5 71.1 91.3 115.8 133.1
Capital spending 0.3 0.6 1.2 1.4 1.8 2.5 4.5 6.7 13.9 15.1 15.2 18.7 31.2 27.0 37.3 69.7 104.4
Free cash flow 0.4 0.9 0.4 2.9 5.5 7.8 11.6 17.5 15.4 21.2 23.6 39.0 19.3 44.1 54.1 46.1 28.6
Stock-based pay 0.0 0.2 1.6 0.9 1.8 3.0 3.2 3.7 4.2 4.8 6.5 9.2 12.0 14.0 16.7 20.4 26.8
Free cash flow after stock pay 0.4 0.7 −1.2 2.0 3.7 4.8 8.4 13.8 11.2 16.4 17.0 29.8 7.3 30.0 37.4 25.7 1.8
Balance sheet
Cash 1.8 1.5 2.4 3.3 4.3 4.9 8.9 8.1 10.0 19.1 17.6 16.6 14.7 41.9 43.9 35.9 11.2
Total debt 0.0 0.0 1.5 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 0.0 10.0 18.5 29.0 59.0 84.0
Net debt (negative = net cash) −1.8 −1.5 −0.9 −3.3 −4.3 −4.7 −8.9 −8.1 −10.0 −19.1 −17.6 −16.6 −4.7 −23.4 −14.9 23.1 72.8
Diluted shares 1,414m 1,508m 2,166m 2,517m 2,664m 2,853m 2,925m 2,956m 2,921m 2,876m 2,888m 2,859m 2,702m 2,629m 2,614m 2,574m 2,567m
Returned to shareholders
Dividends — — — — — — — — — — — — 0.0 0.0 5.1 5.3 5.4
Buybacks — — — — — 0.0 0.0 2.0 12.9 4.2 6.3 44.5 28.0 19.8 30.1 26.2 0.0
Total returned — — — — — 0.0 0.0 2.0 12.9 4.2 6.3 44.5 28.0 19.8 35.2 31.6 5.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · September 30, 2026
What it owns · $478.8bn
Short-term assets $119.9bnLonger-term assets $358.9bn
What it owes, and who funded it · $478.8bn
Short-term liabilities $63.0bnLonger-term liabilities $143.4bnShareholders' equity $272.4bn
  • Short-term assets cover short-term liabilities $119.9bn of assets due within a year against $63.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $119.9bn short-term assets against $143.4bn of longer-dated liabilities.
  • More cash than debt $11.2bn of cash against $83.7bn of debt.
  • Debt below 40% of shareholders' equity Debt is 31% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 31% over five years.
  • A year's operating cash flow covers at least 20% of debt $133.1bn of operating cash flow against $83.7bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Meta Platforms's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$5.4B
Returned to shareholders
19%
of free cash flow
Buybacks, last 3 fiscal years
$76.1B
Diluted share count
−0.8%
year over year
Total shareholder yield
0.3%
dividends 0.3% + buybacks 0.0% of market value
Dividend payout ratio
7%
of net income paid out
R&D spending
31.7%
of revenue
Days sales outstanding
34 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated META GOOGL SE SPOT BIDU SNAP Median
Revenue, last 12 months $241.6bn $471.1bn $22.9bn $19.4bn $18.0bn $6.4bn $615m
Revenue growth, last 12 months 27.5% 22.2% 36.4% 14.6% −2.9% 12.6% 2.4%
Revenue growth, 3-year average 23.9% 16.6% — — 51.2% 12.3% 5.0%
Revenue growth, latest quarter 26.1% 24.7% — — — 18.9% 2.4%
Gross margin 81.0% 60.9% 44.7% 32.0% 43.9% 57.3% 60.4%
Operating margin 32.9% 33.3% 8.7% 12.8% −4.5% −5.1% 0.3%
Operating margin, 3-year average 38.7% 32.1% −42.8% 1.5% 7.5% −13.7% −0.4%
Net margin 31.1% 50.0% 6.9% 12.9% 4.3% −4.9% 3.8%
Cash from operations / revenue 55.1% 38.1% 21.9% 17.1% −2.3% 14.5% 11.4%
Free-cash-flow margin 11.9% 4.2% 19.7% 16.7% −12.7% 11.1% 7.5%
Free-cash-flow margin, 3-year average 23.0% 13.2% −21.6% 7.7% 9.2% 6.1% 7.2%
Stock pay / revenue 11.1% 6.5% 2.7% 1.4% 2.8% 16.2% 3.7%
Change in share count −0.8% 0.2% 5.5% 1.7% 0.4% 0.6% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth 27.5% 2.4% 11 of 63
Change in growth rate Growth -0.1pp -0.2pp 31 of 63
Gross margin Profitability 81.0% 60.9% 12 of 54
Operating margin Profitability 32.9% 0.3% 4 of 63
Net margin Profitability 31.1% 3.8% 8 of 63
Free-cash-flow margin Cash generation 11.9% 8.9% 25 of 59
Stock pay as % of revenue Cash generation 11.1% 3.9% 48 of 61
Long-term debt as % of assets Balance sheet 16.9% 16.9% 17 of 32
Change in share count Balance sheet -0.8% 1.7% 20 of 55
Days sales outstanding Balance sheet 34 days 49 days 16 of 54

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Family of Apps $199B 98.9% ▲ 22.4%
Reality Labs $2.2B 1.1% ▲ 2.8%
Geography
Region Revenue YoY
US Canada $78.9B ▲ 24.8%
United States $74.8B ▲ 25.2%
Asia Pacific $53.8B ▲ 19.6%
Europe $46.6B ▲ 21.4%
Rest of World $21.7B ▲ 21.1%

These categories overlap or exclude eliminations, so shares aren't shown.

From Meta Platforms's 10-K filed January 29, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$959B
Institutions reporting
5,007
Shares held vs prior quarter
▲ 2.4%
Positions opened / closed
154 / 195

Top buyers and sellers, Q2 2026: 2,592 institutions bought and 2,081 sold ; the biggest buyer was Capital Research Global Investors (+8.7M shares) and the biggest seller FMR LLC (−20.7M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $97.7B 173.4M 10.2% ▲ 2.7%
Vanguard Capital Management LLC $80.8B 143.4M 8.4% ▲ 0.9%
FMR LLC $54B 95.9M 5.6% ▼ 17.8%
State Street Corp $51.8B 92.0M 5.4% ▲ 4.0%
Geode Capital Management, LLC $30.8B 54.9M 3.2% ▲ 1.4%
Jpmorgan Chase & Co $25.8B 45.9M 2.7% ▼ 8.4%
Capital World Investors $23B 40.9M 2.4% ▼ 0.4%
Capital Research Global Investors $22.3B 39.6M 2.3% ▲ 28.2%
Morgan Stanley $22.2B 39.4M 2.3% ▲ 3.6%
Vanguard Portfolio Management LLC $21.6B 38.4M 2.3% ▲ 1.4%
Invesco Ltd. $21.6B 38.4M 2.3% ▲ 0.9%
Norges Bank $18.4B 32.7M 1.9% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Meta Platforms's complete shareholder register. Values are as reported by the filers ; 24 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $259M 280 trades by 11 insiders · 95% under pre-set plans
Net ▼ $259M net selling
Insider Date Trade Shares Price Value
Olivan Javier Chief Operating Officer October 26, 2026 Sell pre-set plan 408 $640.00 $261,120
Olivan Javier Chief Operating Officer October 26, 2026 Sell pre-set plan 57 $640.00 $36,480
Olivan Javier Chief Operating Officer October 26, 2026 Sell pre-set plan 82 $640.00 $52,480
Olivan Javier Chief Operating Officer October 26, 2026 Sell pre-set plan 946 $640.00 $605,440
Alford Peggy Director October 26, 2026 Sell pre-set plan 390 $640.00 $249,600
Olivan Javier Chief Operating Officer October 19, 2026 Sell pre-set plan 408 $707.20 $288,538
Olivan Javier Chief Operating Officer October 19, 2026 Sell pre-set plan 57 $707.20 $40,310
Olivan Javier Chief Operating Officer October 19, 2026 Sell pre-set plan 82 $707.20 $57,990
Olivan Javier Chief Operating Officer October 19, 2026 Sell pre-set plan 946 $707.20 $669,011
Olivan Javier Chief Operating Officer October 12, 2026 Sell pre-set plan 408 $728.10 $297,065
Olivan Javier Chief Operating Officer October 12, 2026 Sell pre-set plan 57 $728.10 $41,502
Olivan Javier Chief Operating Officer October 12, 2026 Sell pre-set plan 82 $728.10 $59,704

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 311 trades and filings

In the last 12 months, 11 members of Congress disclosed 13 purchases and 8 sales of Meta Platforms shares.

  • Maria Elvira Salazar(R-FL 27):Sale (partial), $1,001 - $15,000, traded September 24, 2026, filed October 7, 2026
  • Maria Elvira Salazar(R-FL 27):Purchase, $1,001 - $15,000, traded September 22, 2026, filed October 7, 2026
  • Maria Elvira Salazar(R-FL 27):Purchase, $1,001 - $15,000, traded September 22, 2026, filed October 7, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 21, 2026
  • July 29, 2026
  • April 29, 2026
  • January 28, 2026
  • October 29, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Meta Platforms was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Meta Platforms in brief

What does Meta Platforms do?
Meta Platforms is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Meta Platforms's stock ticker?
Meta Platforms trades under the ticker META on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Meta Platforms's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Meta Platforms reported revenue of $242B, 27.5% higher than a year earlier, according to its SEC filings.
What is Meta Platforms's free cash flow?
Meta Platforms's free-cash-flow margin is 11.9% of revenue over the trailing twelve months, ranking 25 of the 59 interactive media & services companies we cover.
What is Meta Platforms's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Meta Platforms's free cash flow after stock-based pay gives ~$520 per share in the base case, and ~$400–$680 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Meta Platforms's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Meta Platforms buying back stock, and does it pay a dividend?
Meta Platforms spent $0 on share repurchases over the trailing twelve months, and its diluted share count fell 0.8% over the year.
What is Meta Platforms's market cap?
On November 2, 2026, Meta Platforms's market capitalisation was about $1.6T, with a price-to-earnings ratio of 20.7 and net debt of $72.8B. Market figures come from third-party market data and may be delayed.
Does Meta Platforms pay a dividend?
Yes: Meta Platforms paid $5.4B in dividends over the trailing twelve months, a dividend yield of 0.35% and a payout ratio of 7.2%.
How much debt does Meta Platforms have?
Meta Platforms's debt-to-equity ratio is 30.7%, from its latest balance sheet (0.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Meta Platforms's competitors?
In our Interactive Media & Services peer group, the companies closest to Meta Platforms are Alphabet Inc. (Class A), Sea Ltd, Spotify Technology S.a., Baidu, Inc. and Snap Inc. The side-by-side comparison below sets their revenue, margins and growth against Meta Platforms's.
Are insiders buying or selling Meta Platforms stock?
Over the last 12 months, Meta Platforms's directors and officers reported 0 open-market purchases and 280 sales on Form 4. The insider trading page charts every trade.
When is Meta Platforms's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Meta Platforms announces its own schedule.