NASDAQ$META

Meta Platforms Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Meta reported Q2 2025 total revenue of $47.5B with net income of $18.3B and diluted EPS of $7.14.

Total revenue increased 22% to $47.52 billion on advertising strength across Family of Apps. Net income was $18.34 billion; diluted EPS was $7.14. Ad impressions rose 11% and average price per ad increased 9% year over year.

  • Q2 total revenue $47.5B (+22% YoY).
  • Net income $18.3B; diluted EPS $7.14.
  • Ad impressions +11%; average price per ad +9%.
  • AI infrastructure spend and regulatory risk remain focal points.

Headline financials

Total Revenue

$47.5B

Previous: $39.1B+21.6%
EPS (adj)

$7.14

Previous: $5.16+38.4%
Daily Active People

3.5B

No prior period
Ad Impressions Growth

11.0%

No prior period
Ad Price Growth

9.0%

No prior period
Operating Margin

43.0%

Previous: 38.0%+13.2%
Effective Tax Rate

11.0%

Previous: 11.0%+0.0%
Capital Expenditures

-$29.5B

Previous: -$14.6B-102.3%
Free Cash Flow

-$11.1B

Previous: -$1.11B-905.6%
Net Income

$18.3B

Previous: $13.5B+36.2%
Operating Income

$20.4B

Previous: $14.8B+37.7%
Gross Profit

$39B

Previous: $31.8B+22.9%
Cash & Equivalents

$12B

Previous: $32B-62.5%
Total Assets

$295B

Previous: $230B+28.0%

Revenue & EPS history

Meta · Revenue · Quarterly

$47.5B

Q2 2025+21.6%vs Q2 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Meta · $34.1B total across 2 segments · Q3 2023

  • Family of Apps
    $33.9B+23.7%
  • Reality Labs
    $210M-26.3%

Forward guidance

Technology outlook cites AI adoption, cloud demand, and platform investment.

Tailwinds

  • Cloud, AI, and subscription revenue growth.
  • Backlog and enterprise contract wins.

Headwinds

  • Competition and elevated capex/R&D spend.
  • Regulatory scrutiny on platforms and data.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.9%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.0%

Avg return

30 days after

58%

35 / 60 earnings

Positive

+31.5%

Q2 2013

Best reaction

-28.8%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-9.6%-5.5%
Q4 2025+1.2%+3.4%-3.1%
Q3 2025-2.4%-16.5%-13.8%
Q2 2025+2.3%+9.8%+6.3%
Q1 2025+4.2%+7.0%+17.9%
Q4 2024+1.6%+4.1%-1.2%
Q3 2024-4.3%-5.5%-3.2%
Q2 2024+7.5%+2.7%+12.5%
Q1 2024-11.0%-12.8%-3.6%
Q4 2023+21.7%+16.6%+28.7%
Q3 2023-7.7%-3.2%+8.2%
Q2 2023+5.9%+8.2%-3.0%
Q1 2023+14.9%+17.2%+26.3%
Q4 2022+26.7%+24.9%+24.4%
Q3 2022-28.8%-32.3%-19.0%
Q2 2022+1.0%+0.5%+1.7%
Q1 2022+13.7%+16.7%+7.8%
Q4 2021-25.5%-29.5%-37.3%
Q3 2021-2.7%-0.3%+5.1%
Q2 2021-2.6%-4.3%+1.3%
Q1 2021+8.5%+6.3%+8.3%
Q4 2020-6.0%-7.1%-8.7%
Q3 2020-1.7%-0.9%+3.8%
Q2 2020+8.7%+7.1%+25.9%
Q1 2020+11.9%+12.2%+23.1%
Q4 2019-3.8%-6.2%-11.6%
Q3 2019+1.2%+2.9%+6.5%
Q2 2019-0.8%-3.2%-12.2%
Q1 2019+5.2%+6.0%-1.5%
Q4 2018+15.6%+17.4%+12.5%
Q3 2018+6.8%+5.8%-2.4%
Q2 2018-17.9%-20.3%-18.6%
Q1 2018+9.1%+7.7%+15.8%
Q4 2017+3.2%-3.1%-5.6%
Q3 2017-0.6%+0.1%-2.8%
Q2 2017+3.1%+2.4%+0.6%
Q1 2017-1.3%-1.1%+0.5%
Q4 2016+0.4%+1.3%+5.3%
Q3 2016-7.3%-5.7%-10.9%
Q2 2016+3.1%+2.5%+3.1%
Q1 2016+7.3%
Q4 2015+12.1%
Q3 2015+6.0%
Q2 2015-0.1%
Q1 2015-1.4%
Q4 2014+2.9%
Q3 2014-5.5%
Q2 2014+8.2%
Q1 2014-3.4%
Q4 2013+10.8%
Q3 2013+1.6%
Q2 2013+31.5%
Q1 2013+4.3%
Q4 2010-9.3%
Q4 2012+0.6%
Q3 2011+15.7%
Q3 2012+20.2%
Q2 2011-9.8%
Q4 2011-9.8%
Q2 2012-19.2%
Q1 2012

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