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Primary reporting period: 2025-12-31 · Research updated Oct 2, 2026. A research update is not a new financial filing.
Who they are
Meta Platforms Inc., which operated as Facebook, Inc. until its October 2021 rebranding, is a technology enterprise focused on developing innovative products that empower people globally to connect and share with their friends and family. These services are accessible across a variety of digital platforms, including mobile phones, personal computers, virtual reality devices, and wearables. The company's activities are organized into two principal divisions: the Family of Apps and Reality Labs.
How they make money
Meta generates substantially all of its revenue from advertising by displaying ad products on Facebook, Instagram, Messenger, and third-party mobile applications. The company also generates revenue through its Reality Labs division via the sale of consumer hardware, software, and content, as well as other sources including paid messaging from WhatsApp and Meta Verified subscriptions.
Products & services
Meta provides social media platforms including Facebook, Instagram, Messenger, and WhatsApp, as well as the text-based app Threads and the AI assistant Meta AI. Its Reality Labs division offers consumer hardware such as Meta Quest VR headsets, Ray-Ban Meta smart glasses, and related software and content.
Brands & revenue mix
Facebook
Core social networking platform.
Separate brand revenue is not available in this research.Source
Instagram
Photo and video sharing social platform.
Separate brand revenue is not available in this research.Source
WhatsApp
Messaging application for private communication and business transactions.
Separate brand revenue is not available in this research.Source
Messenger
Messaging application for text, audio, and video calls.
Separate brand revenue is not available in this research.Source
Meta Quest
Virtual reality hardware and content ecosystem.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company does not rely on any single customer for a significant portion of its revenue, as its advertising business is highly diversified across millions of marketers and developers globally.
Competitors
TikTok — Competes for user engagement and time spent on online content and information platforms.Source
Strengths
Large global user base across Family of AppsSource
Significant investment and innovation in AI and generative AISource
Risks
Intense competition for user engagement and advertising spendSource
Impact of global macroeconomic and geopolitical conditionsSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 126.6% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
81
Strong
Financial Strength
61
Business Quality / Moat
92
Management
100
Growth Quality
70
Risk / Durability
91
Great Company · Attractive Price
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
58
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
57/100
Building Historical Record
Model Score 57/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
What we like
•Recent buyback activity is present
What to watch
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for META
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can META maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is META's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is META's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What does the current fundamental change risk warning mean for the reliability or interpretation of META's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for META
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on META.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Large global user base across Family of Apps.
+Significant investment and innovation in AI and generative AI.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Internet Content & Information industry.
−Intense competition for user engagement and advertising spend.
−Impact of global macroeconomic and geopolitical conditions.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Fair55/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Weak
43
Debt Cost1.4%
Debt Reduction YoY-71.0%
Debt / Equity0.39x
Tap for breakdown →
Revenue
Weak
48
Revenue YoY13.6%
Revenue CAGR22.1%
Net Margin29.8%
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Asset
Fair
66
Asset Growth YoY32.6%
Liquidation/Share$101.48
Net Assets/MCap0.18x
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Capital
Poor
33
Earnings Yield3.6%
Buyback Yield1.4%
Debt Cost1.4%
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Management
Elite
100
ROIC16.4%
ROE26.1%
ROA15.1%
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Moat
Elite
92
EPS Growth21.6%
FCF/Share Growth16.6%
Rev/Share Growth23.6%
Tap for breakdown →
Valuation
Fair
66
Intrinsic Value$1036.03
Value Reference$621.62
MOS40.1%
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Buffett
Fair
66
Revenue48
Moat92
Valuation66
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MOS
Strong
70
MOS %40.1%
Value Reference$621.62
Deep Discount Reference$414.41
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Financial
Poor
39
Interest Coverage71.5x
ROIC16.4%
FCF Yield2.4%
Tap for breakdown →
Master
Fair
55
Financial39
Valuation66
Debt43
Tap for breakdown →
Resilience
Strong
77
Survival Years1.3 yrs
Current Ratio2.60x
FCF Margin22.9%
Tap for breakdown →
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Score Changes
5 historical score records available
Previous Score
55
Oct 1, 2026
Change
Unchanged
Current Score
55
Oct 5, 2026
Category Changes
Revenue-0.2
Debt0
Assets-0.2
Capital-1.0
Management0
Moat0
Valuation-3.2
Buffett-0.4
META score was unchanged.
Negative Contributors
− Valuation declined by 3.2 points
Projected Score
Projected Score
50
Projected Change
-4.8 points
Preliminary comparable-period financial changes suggest decline of approximately 4.8 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$228.25B
$200.97B
$164.50B
$134.90B
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Cost of Revenue
$41.66B
$36.17B
$30.16B
$25.96B
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Gross Profit
$186.59B
$164.79B
$134.34B
$108.94B
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Research & Development
$71.64B
$57.37B
$43.87B
$38.48B
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SG&A Expenses
$28.03B
$24.14B
$21.09B
$23.71B
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Operating Expenses
$99.66B
$81.52B
$64.96B
$62.19B
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EBITDA
$107.07B
$104.55B
$86.88B
$59.05B
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Operating Income
$86.93B
$83.28B
$69.38B
$46.75B
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Interest Expense
$2.28B
$1.17B
$715.0M
$446.0M
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Income Before Tax
$87.52B
$85.93B
$70.66B
$47.43B
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Income Tax Expense
$19.43B
$25.47B
$8.30B
$8.33B
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Net Income
$68.10B
$60.46B
$62.36B
$39.10B
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Basic EPS
$26.91
$23.98
$24.61
$15.19
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Basic Shares
2.54B
2.52B
2.53B
2.57B
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Diluted Shares
2.57B
2.57B
2.61B
2.63B
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Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$60.80B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$6.18
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+126.6%
Cash Change
+28.8%
Margin Change
-12.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 28.0%. EPS declined 13.4%. Cash increased 28.8%. Total debt increased 126.6%. Net income margin declined by 12.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
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5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.