META
Meta Q2 FY26 earnings
Revenue $60.8B, up 28% from a year ago. Net income $15.8B.
Meta grew revenue 28% to $60.8B, and US & Canada was $23.9B, 39% of revenue. Net margin fell to 26%; net income was $15.8B, down 14% from a year ago.
Advertising: $196B in FY25, nearly three times FY19.
Meta's advertising revenue reached $196.2B in FY25, nearly three times the $69.7B of FY19. The one down year, FY22, is drawn as filed.
Where the revenue came from
| Segment | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| US & Canada | $23.9B | 39.2% | +29% |
| Asia Pacific | $16.1B | 26.4% | +25% |
| Europe | $14.0B | 23.0% | +26% |
| Rest of world | $6.9B | 11.3% | +35% |
The quarter, line by line
| Line | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Revenue | $60.8B | +28% | |
| Cost of revenue | $11.3B | 18.6% | +33% |
| Operating expenses | $30.7B | 50.5% | +65% |
| Operating income | $18.8B | 30.9% | -8% |
| Pretax income | $18.8B | 30.8% | |
| Income tax | $2.9B | 4.8% | +32% |
| Net income | $15.8B | 26.1% | -14% |
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Jun 30, 2026 | $60.8B | $15.8B | 26.1% |
| Mar 31, 2026 | $56.3B | $26.8B | 47.5% |
| Dec 31, 2025 | $59.9B | $22.8B | 38.0% |
| Sep 30, 2025 | $51.2B | $2.7B | 5.3% |
| Jun 30, 2025 | $47.5B | $18.3B | 38.6% |
| Mar 31, 2025 | $42.3B | $16.6B | 39.3% |
| Dec 31, 2024 | $48.4B | $20.8B | 43.1% |
| Sep 30, 2024 | $40.6B | $15.7B | 38.7% |