Meta Platforms Inc
For the period ended Dec 31, 2023. Filed Feb 2, 2024.
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FY2023 · Filed Feb 2, 2024
META$641.39+0.0%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
(In millions, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $134,902 | $116,609 | $117,929 |
| Costs and expenses: | |||
| Cost of revenue | 25,959 | 25,249 | 22,649 |
| Research and development | 38,483 | 35,338 | 24,655 |
| Marketing and sales | 12,301 | 15,262 | 14,043 |
| General and administrative | 11,408 | 11,816 | 9,829 |
| Total costs and expenses | 88,151 | 87,665 | 71,176 |
| Income from operations | 46,751 | 28,944 | 46,753 |
| Interest and other income (expense), net | 677 | (125) | 531 |
| Income before provision for income taxes | 47,428 | 28,819 | 47,284 |
| Provision for income taxes | 8,330 | 5,619 | 7,914 |
| Net income | $39,098 | $23,200 | $39,370 |
| Earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic | $15.19 | $8.63 | $13.99 |
| Diluted | $14.87 | $8.59 | $13.77 |
| Weighted-average shares used to compute earnings per share attributable to Class A and Class B common stockholders: | |||
| Basic | 2,574 | 2,687 | 2,815 |
| Diluted | 2,629 | 2,702 | 2,859 |
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