NASDAQ$META
Meta Platforms Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
Meta reported Q4 2025 revenue of $59.9B with net income of $22.8B and diluted EPS of $8.88.
Fourth-quarter revenue rose 24% year over year to $59.89 billion; full-year revenue reached $200.97 billion (+22%). Net income was $22.77 billion with diluted EPS of $8.88; operating margin was 41%. Family daily active people averaged 3.58 billion in December (+7% YoY). Management guided Q1 2026 revenue of $53.5–$56.5 billion and full-year 2026 expenses of $162–$169 billion, with capex of $115–$135 billion to support AI infrastructure.
- Q4 revenue $59.9B (+24% YoY); operating income $24.7B.
- Diluted EPS $8.88 (+11% YoY); DAP 3.58B (+7%).
- Q1 2026 revenue guide $53.5–$56.5B.
- 2026 capex guide $115–$135B for AI and core infrastructure.
Headline financials
Revenue & EPS history
Meta · Revenue · Quarterly
$59.9B
Revenue by segment
Meta · $34.1B total across 2 segments · Q3 2023
- Family of Apps$33.9B+23.7%99.4%
- Reality Labs$210M-26.3%0.6%
Forward guidance
Meta guided Q1 2026 revenue to $53.5–$56.5 billion and full-year 2026 expenses to $162–$169 billion, with capex of $115–$135 billion. Management expects 2026 operating income above 2025 despite higher AI infrastructure spend and a 13–16% tax rate absent law changes.
Tailwinds
- Q1 2026 revenue guide $53.5–$56.5B with ~4% FX tailwind.
- Expects 2026 operating income above 2025 levels.
- Family DAP and ad pricing trends remain favorable.
- Strong cash flow supports AI and shareholder returns.
Headwinds
- 2026 expenses rising sharply on infrastructure and talent.
- Capex guide $115–$135B strains free cash flow near term.
- EU regulatory and youth-safety litigation overhang.
- Reality Labs losses expected similar to 2025.
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 Q4 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
| Quarter | Report date | Reaction (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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