Meta Platforms, Inc.
For the period ended Dec 31, 2025. Filed Jan 29, 2026.
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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.
FY2025 · Filed Jan 29, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $200,966 | $164,501 | $134,902 |
| Costs and expenses: | |||
| Cost of revenue | 36,175 | 30,161 | 25,959 |
| Research and development | 57,372 | 43,873 | 38,483 |
| Marketing and sales | 11,991 | 11,347 | 12,301 |
| General and administrative | 12,152 | 9,740 | 11,408 |
| Total costs and expenses | 117,690 | 95,121 | 88,151 |
| Income from operations | 83,276 | 69,380 | 46,751 |
| Interest and other income, net | 2,656 | 1,283 | 677 |
| Income before provision for income taxes | 85,932 | 70,663 | 47,428 |
| Provision for income taxes | 25,474 | 8,303 | 8,330 |
| Net income | $60,458 | $62,360 | $39,098 |
| Earnings per share: | |||
| Basic | $23.98 | $24.61 | $15.19 |
| Diluted | $23.49 | $23.86 | $14.87 |
| Weighted-average shares used to compute earnings per share: | |||
| Basic | 2,521 | 2,534 | 2,574 |
| Diluted | 2,574 | 2,614 | 2,629 |
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