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Fundamentals · EDGAR XBRL · Communication Services

META

Latest: Q3 FY26 · Thesis page →
Revenue$64.6B+26.1% YoY
Net income$9.9B+264.0% YoY
Free cash flow$-1.2B-110.4% YoY
Gross margin—

Revenue vs Net income

Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.

■ Revenue   ■ Net income
$0$23.3B$46.5B$69.8BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Margin trend

Gross, operating and net margin. Margins are derived from reported dollars.

● Gross margin   ● Operating margin   ● Net margin
-1%17%36%55%Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Revenue YoY growth

Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).

+24%+33%+28%+26%Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement

From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.

Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Revenue$48.4B$42.3B$47.5B$51.2B$59.9B$56.3B$60.8B$64.6B
YoY————+23.8%+33.1%+28.0%+26.1%
Cost of goods sold$8.8B$7.6B$8.5B$9.2B$10.9B$10.2B$11.3B$13.4B
YoY————+23.4%+34.9%+33.4%+45.2%
Gross profit————————
YoY————————
Research & development$12.2B$12.2B$12.9B$15.1B$17.1B$17.7B$21.7B$20.1B
YoY————+40.7%+45.7%+67.3%+32.4%
Selling, general & administrative$4.0B$5.0B$5.6B$6.4B$7.1B$5.5B$9.0B$18.2B
YoY————+77.6%+9.6%+60.2%+186.1%
Operating income$23.4B$17.6B$20.4B$20.5B$24.7B$22.9B$18.8B$13.0B
YoY————+5.9%+30.3%-8.2%-36.8%
Pretax income$23.6B$18.4B$20.5B$21.7B$25.4B$21.8B$18.8B$13.0B
YoY————+7.7%+18.3%-8.7%-40.0%
Income tax$2.7B$1.7B$2.2B$19.0B$2.6B$-5.0B$2.9B$3.1B
YoY————-4.7%-388.9%+32.4%-83.4%
Net income$20.8B$16.6B$18.3B$2.7B$22.8B$26.8B$15.8B$9.9B
YoY————+9.3%+60.9%-13.6%+264.0%
EPS — basic—$6.59$7.28$1.08—$10.57$6.23$3.86
YoY—————+60.4%-14.4%+257.4%
EPS — diluted—$6.43$7.14$1.05—$10.44$6.18$3.83
YoY—————+62.4%-13.4%+264.8%
Weighted shares — basic—2.53B2.52B2.52B—2.53B2.54B2.55B
Weighted shares — diluted—2.59B2.57B2.57B—2.56B2.57B2.57B

Balance sheet

Point-in-time values at each quarter (or fiscal year) end.

Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Cash & equivalents$43.9B$28.8B$12.0B$10.2B$35.9B$23.4B$15.5B$11.2B
YoY————-18.3%-18.5%+28.8%+10.2%
Marketable securities (current)$33.9B$41.5B$35.1B$34.3B$45.7B$57.8B$74.8B$71.2B
YoY————+34.8%+39.2%+113.3%+107.9%
Accounts receivable$17.0B$14.5B$16.6B$17.3B$19.8B$17.5B$21.8B$22.7B
YoY————+16.3%+20.4%+31.3%+31.3%
Inventory————————
YoY————————
Total current assets$100.0B$90.2B$73.6B$73.1B$108.7B$109.8B$125.5B$119.9B
YoY————+8.7%+21.7%+70.5%+64.0%
Total assets$276.1B$280.2B$294.7B$303.8B$366.0B$395.2B$450.0B$478.8B
YoY————+32.6%+41.1%+52.7%+57.6%
Total current liabilities$33.6B$33.9B$37.3B$37.0B$41.8B$46.8B$56.4B$63.0B
YoY————+24.5%+38.0%+51.1%+70.5%
Total liabilities$93.4B$95.2B$99.7B$109.8B$148.8B$151.6B$188.7B$206.4B
YoY————+59.3%+59.2%+89.4%+88.1%
Total equity$182.6B$185.0B$195.1B$194.1B$217.2B$243.7B$261.2B$272.4B
YoY————+18.9%+31.7%+33.9%+40.4%
Shares outstanding————————
YoY————————

Cash flow

Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.

Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Operating cash flow$28.0B$24.0B$25.6B$30.0B$36.2B$32.2B$31.9B$32.8B
YoY————+29.4%+34.1%+24.7%+9.3%
Capital expenditures$14.4B$12.9B$16.5B$18.8B$21.4B$19.0B$30.1B$33.9B
YoY————+48.2%+46.8%+82.1%+80.3%
Free cash flow$13.6B$11.1B$9.0B$11.2B$14.8B$13.2B$1.7B$-1.2B
YoY————+9.3%+19.3%-80.6%-110.4%
Dividends paid$1.3B$1.3B$1.3B$1.3B$1.3B$1.3B$1.4B$1.4B
YoY————+5.4%+1.3%+2.0%+2.3%
Share repurchases$0$12.8B$10.2B$3.3B$0$0$0$0
YoY—————-100.0%-100.0%-100.0%

Margins & ratios

Derived from the reported dollars above — no separate source.

Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Gross margin————————
Operating margin48.3%41.5%43.0%40.1%41.3%40.6%30.9%20.1%
Net margin43.1%39.3%38.6%5.3%38.0%47.5%26.1%15.3%
Free cash flow margin28.0%26.2%19.0%21.8%24.8%23.5%2.9%-1.8%
Effective tax rate11.5%9.5%10.7%87.5%10.2%-23.1%15.5%24.2%
Current ratio2.98x2.66x1.97x1.98x2.60x2.35x2.23x1.90x
Total liabilities / equity0.51x0.51x0.51x0.57x0.68x0.62x0.72x0.76x

Peer comparison — latest full year

Same sector (Communication Services), sorted by revenue. All figures from the same EDGAR XBRL snapshot.

TickerRevenueRevenue YoYGross marginOperating marginNet marginFCF margin
META FY25 · this stock$201.0B+22.2%—41.4%30.1%22.9%
GOOGL FY25$402.8B+15.1%—32.0%32.8%18.2%
VZ FY25$138.2B+2.5%—21.2%12.4%—
T FY25$125.6B+2.7%—19.2%17.5%—
DIS FY25$94.4B+3.4%—18.6%13.1%—
TMUS FY25$88.3B+8.5%—20.7%12.4%20.4%
CHTR FY25$54.8B-0.6%—23.6%9.1%8.1%
NFLX FY25$45.2B+15.9%—29.5%24.3%20.9%
LYV FY25$25.2B+8.8%—5.0%2.0%1.3%
OMC FY25$17.3B+10.1%—2.6%-0.3%16.1%
FOXA FY23$14.9B+6.7%———9.7%

Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.