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📊$Meta Platforms(META.US) Q4 2025 Earnings Highlights

Revenue
$59.89B (Est. $58.42B)
YoY +24%

EPS
$8.88 (Est. $8.19)
YoY +11%

Operating Income
$24.75B
YoY +5.9%

Daily Active People (DAP)
3.58B
YoY +7%

FY2026 CapEx Guidance
$115B-$135B (Est. $110.62B)

Q1 Guidance
Revenue Range: $53.5B-$56.5B (Est. $51.27B)

FY2026 Total Expense Guidance
$162B-$169B

Q4 Segment Data

Ad Revenue
$58.14B (Est. $56.79B)

Family of Apps Revenue
$58.94B (Est. $57.47B)

Family of Apps Operating Income
$30.77B (Est. $30B)

Reality Labs
Revenue: $0.955B (Est. $0.9627B)
Operating Loss: $6.02B (Est. Loss $5.8B)

Other Key Metrics

Ad Impressions
YoY +18%

Average Ad Price
YoY +6%

Costs & Expenses
$35.15B
YoY +40%

Operating Margin
41%

Net Income
$22.77B
YoY +9%

Operating Cash Flow
$36.21B

Free Cash Flow
$14.08B

Share Repurchase
None

Dividends & Equivalents
$1.34B

Cash, Cash Equivalents & Marketable Securities
$81.59B

Long-term Debt
$58.74B

Headcount
78,865
YoY +6%

Management Commentary

"We delivered strong business performance in 2025."
"I look forward to advancing personal superintelligence for people around the world in 2026."
"We expect Q1 2026 total revenue to be between $53.5B and $56.5B."
"We expect full-year 2026 total expenses to be between $162B and $169B."
"We expect 2026 capital expenditures to be between $115B and $135B."
"Despite significant infrastructure investments, we expect 2026 operating income to be higher than 2025."
"We'll continue monitoring EU/US legal/regulatory headwinds that may materially impact our business and financials."