Meta Platforms Inc
For the period ended Dec 31, 2024. Filed Jan 30, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jan 30, 2025
META$641.39+0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(In millions, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $164,501 | $134,902 | $116,609 |
| Costs and expenses: | |||
| Cost of revenue | 30,161 | 25,959 | 25,249 |
| Research and development | 43,873 | 38,483 | 35,338 |
| Marketing and sales | 11,347 | 12,301 | 15,262 |
| General and administrative | 9,740 | 11,408 | 11,816 |
| Total costs and expenses | 95,121 | 88,151 | 87,665 |
| Income from operations | 69,380 | 46,751 | 28,944 |
| Interest and other income (expense), net | 1,283 | 677 | (125) |
| Income before provision for income taxes | 70,663 | 47,428 | 28,819 |
| Provision for income taxes | 8,303 | 8,330 | 5,619 |
| Net income | $62,360 | $39,098 | $23,200 |
| Earnings per share: | |||
| Basic | $24.61 | $15.19 | $8.63 |
| Diluted | $23.86 | $14.87 | $8.59 |
| Weighted-average shares used to compute earnings per share: | |||
| Basic | 2,534 | 2,574 | 2,687 |
| Diluted | 2,614 | 2,629 | 2,702 |
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