Meta Platforms reported strong revenue growth driven by increased ad impressions and pricing, alongside significant investments in infrastructure and AI. While profitability saw a dip in the current quarter due to rising costs, the full year demonstrated robust operational income growth, and the company anticipates continued investment in 2026 with a focus on AI advancements.
Revenue increased 24% year-over-year to $59.89 billion for the fourth quarter and 22% for the full year to $200.97 billion.
positiveFamily daily active people (DAP) increased by 7% year-over-year to 3.58 billion.
positiveFull year 2025 operating income grew 20% to $83.28 billion.
positiveFull year 2025 net income was $60.46 billion, a slight decrease of 3% from the prior year, but the current quarter saw a 9% increase in net income.
neutralTotal costs and expenses increased significantly by 40% year-over-year in the fourth quarter to $35.15 billion, outpacing revenue growth.
attentionOperating margin decreased to 41% in the fourth quarter of 2025 from 48% in the prior year's fourth quarter.
attentionFull year 2025 provision for income taxes increased by 207% to $25.47 billion, impacting net income.
attentionFull year 2025 diluted EPS decreased by 2% to $23.49 compared to $23.86 in the prior year.
negativeCapital expenditures were $72.22 billion for the full year 2025, a significant increase from $37.26 billion in the prior year.
attentionThe company anticipates significant expense growth in 2026, driven by infrastructure and employee compensation, with capital expenditures projected between $115-135 billion.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total | CC |
|---|---|---|---|---|---|
Family of Apps | N/A | — | — | — | +23.0% |
Reality Labs | N/A | — | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% | — |
Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Strong business performance in 2025.
Looking forward to advancing personal superintelligence for people around the world in 2026.
Expect first quarter 2026 total revenue to be in the range of $53.5-56.5 billion.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.