FY2010 – FY2025 · META · CIK 1326801
Meta Platforms Financials
Revenue, Family of Apps vs. Reality Labs split, the cumulative metaverse-investment loss tracker, geographic revenue mix, headcount through the COVID surge and 'Year of Efficiency' drawdown, AI capex, R&D, capital returns, and the major-acquisitions roster — every chart point sourced to a 10-K filing. EDGAR XBRL pulled live.
Reality Labs operating loss (FY2025)
-$19.19B
On $2.21B of segment revenue.
Reality Labs cumulative operating loss (since 2020)
~$83.6B
Sum of every reported FY since the segment was first broken out.
Headcount (FY2025)
78,865
Year-end employee count.
Capex (FY2025)
$69.69B
35% of revenue — the AI-data-center build-out.
R&D as % of revenue (FY2025)
28.5%
R&D $57.37B / revenue $200.97B.
Stock price (META)
Live current price plus a five-year history. Updates during US market hours (9:30 a.m. – 4:00 p.m. Eastern, Monday – Friday) via TradingView's embed widget. Note: the ticker symbol changed from FB to META on Nasdaq on June 9, 2022; TradingView's NASDAQ:META symbol covers both eras as a single continuous price history.
Most recent Meta SEC filings
The freshness frontier — the latest filing of each material form type, sourced live from EDGAR. The 10-K marked “Anchors this page” is the source of every value below; the others are surfaced for transparency.
5 material filings have been filed since the anchor 10-K above (1 10-Q, 2 8-K, 1 DEF 14A, 1 ARS). The financial metrics on this page reflect what's been disclosed at fiscal-year-end; quarterly cuts in the 10-Qs filed since are not yet folded into the annual charts. The 10-K marked “Anchors this page” remains the source for the per-FY values shown.
Annual revenue
As reported on the consolidated statement of operations in each year's 10-K. Meta's fiscal year ends December 31; FY2025 covers the year ending December 31, 2025. Sourced live from SEC EDGAR XBRL; the underlying tag is RevenueFromContractWithCustomerExcludingAssessedTax (post-ASC-606) with a fallback to Revenues for older years.
Show table
| Fiscal year | Revenue | Source |
|---|---|---|
| FY2010 | $1.97B | 10-K filed 2013-02-01 |
| FY2011 | $3.71B | 10-K filed 2014-01-31 |
| FY2012 | $5.09B | 10-K filed 2015-01-29 |
| FY2013 | $7.87B | 10-K filed 2016-01-28 |
| FY2014 | $12.47B | 10-K filed 2017-02-03 |
| FY2015 | $17.93B | 10-K filed 2018-02-01 |
| FY2016 | $27.64B | 10-K filed 2019-01-31 |
| FY2017 | $40.65B | 10-K filed 2020-01-30 |
| FY2018 | $55.84B | 10-K filed 2021-01-28 |
| FY2019 | $70.70B | 10-K filed 2022-02-03 |
| FY2020 | $85.97B | 10-K filed 2023-02-02 |
| FY2021 | $117.93B | 10-K filed 2024-02-02 |
| FY2022 | $116.61B | 10-K filed 2025-01-30 |
| FY2023 | $134.90B | 10-K filed 2026-01-29 |
| FY2024 | $164.50B | 10-K filed 2026-01-29 |
| FY2025 | $200.97B | 10-K filed 2026-01-29 |
Revenue by segment
Meta's two reportable segments: Family of Apps (Facebook, Instagram, WhatsApp, Threads, Messenger; advertising plus other revenue) and Reality Labs (Quest VR hardware, Horizon Worlds, Ray-Ban Meta and Oakley Meta AI glasses, Orion AR prototype). Reality Labs was first broken out as a separate reportable segment in Q4 2020; pre-FY2020 figures are not directly comparable and are not back-cast on this page. Hand-curated from each year's 10-K MD&A 'Segment Information' table. The Reality Labs revenue line is small enough that it appears as a thin sliver above the much-larger Family of Apps base — it is the operating-income chart below that surfaces the structural shape of the metaverse investment.
Show table
| FY | Family of Apps | Reality Labs | RL share | Source |
|---|---|---|---|---|
| FY2020 | $84.83B | $1.14B | 1.3% | 10-K filed 2022-02-03 |
| FY2021 | $115.66B | $2.27B | 1.9% | 10-K filed 2022-02-03 |
| FY2022 | $114.45B | $2.16B | 1.9% | 10-K filed 2023-02-02 |
| FY2023 | $133.01B | $1.90B | 1.4% | 10-K filed 2026-01-29 |
| FY2024 | $162.35B | $2.15B | 1.3% | 10-K filed 2026-01-29 |
| FY2025 | $198.76B | $2.21B | 1.1% | 10-K filed 2026-01-29 |
Operating income by segment — the Reality Labs loss profile
The operating-income split is the cut that captures Meta's metaverse-investment shape. Family of Apps generates tens of billions of operating income each year; Reality Labs has run an operating loss in every single year since it was first broken out as a separate segment, and the loss has grown steadily. Bars below the zero baseline are losses. Cumulative Reality Labs operating losses since the segment was first disclosed: ~$83.6 billion. Hand-curated from each year's 10-K MD&A 'Segment Information' table.
Show table
| FY | Family of Apps OI | Reality Labs OI | Source |
|---|---|---|---|
| FY2020 | $39.29B | -$6.62B | 10-K filed 2022-02-03 |
| FY2021 | $56.95B | -$10.19B | 10-K filed 2022-02-03 |
| FY2022 | $42.66B | -$13.72B | 10-K filed 2023-02-02 |
| FY2023 | $62.87B | -$16.12B | 10-K filed 2026-01-29 |
| FY2024 | $87.11B | -$17.73B | 10-K filed 2026-01-29 |
| FY2025 | $102.47B | -$19.19B | 10-K filed 2026-01-29 |
Revenue by geography
Per-FY revenue disaggregated by geography, based on the addresses of customers, from each 10-K's revenue note. Europe includes Russia and Turkey; Rest of World includes Africa, Latin America, and the Middle East. The Asia-Pacific line is the fastest-growing region in recent years; the US/Canada line carries the highest revenue per user. Hand-curated from each year's 10-K.
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| FY | US/Canada | Europe | Asia-Pacific | Rest of World | US/CA share | Source |
|---|---|---|---|---|---|---|
| FY2018 | $25.73B | $13.63B | $11.73B | $4.75B | 46.1% | 10-K filed 2021-01-28 |
| FY2019 | $32.21B | $16.83B | $15.41B | $6.26B | 45.6% | 10-K filed 2021-01-28 |
| FY2020 | $38.43B | $20.35B | $19.85B | $7.33B | 44.7% | 10-K filed 2021-01-28 |
| FY2021 | $51.54B | $29.06B | $26.74B | $10.59B | 43.7% | 10-K filed 2023-02-02 |
| FY2022 | $50.15B | $26.68B | $27.76B | $12.02B | 43.0% | 10-K filed 2023-02-02 |
| FY2023 | $52.89B | $31.21B | $36.15B | $14.65B | 39.2% | 10-K filed 2026-01-29 |
| FY2024 | $63.21B | $38.36B | $45.01B | $17.92B | 38.4% | 10-K filed 2026-01-29 |
| FY2025 | $78.87B | $46.57B | $53.82B | $21.71B | 39.2% | 10-K filed 2026-01-29 |
Headcount — the COVID surge, 'Year of Efficiency', and post-2024 rebuild
Year-end headcount as disclosed in each 10-K's 'People' / 'Human Capital Resources' section. The FY2022 figure (86,482) was the pandemic-era peak, but it included most of the ~11,000 employees impacted by the November 2022 layoff announcement, who remained on payroll at year-end and rolled off in Q1 2023. The FY2023 trough (67,317) reflects both the November 2022 round and the March 2023 round (~10,000 additional roles) under the 'Year of Efficiency' framing. FY2024 and FY2025 show a renewed hiring expansion as the company re-staffs around AI infrastructure and the Meta Superintelligence Labs build-out.
Show table
| FY | Headcount | Note | Source |
|---|---|---|---|
| FY2019 | 44,942 | 10-K filed 2020-01-30 | |
| FY2020 | 58,604 | 30% YoY increase; COVID-era hiring continued. | 10-K filed 2021-01-28 |
| FY2021 | 71,970 | 10-K filed 2022-02-03 | |
| FY2022 | 86,482 | Pandemic-era peak; includes most of the 11k Nov 2022 layoff cohort still on payroll at year-end. | 10-K filed 2023-02-02 |
| FY2023 | 67,317 | Post-'Year of Efficiency' trough after Nov 2022 (~11k) and Mar 2023 (~10k) layoffs. | 10-K filed 2024-02-02 |
| FY2024 | 74,067 | 10-K filed 2025-01-30 | |
| FY2025 | 78,865 | 10-K filed 2026-01-29 |
Capital expenditures — the AI infrastructure ramp
Cash spent on property, plant, and equipment — the core capex line on Meta's cash-flow statement. Bar height is absolute dollars; the percentage in each label is capex as a share of revenue that fiscal year. The FY2025 inflection (~$70B, ~35% of revenue) reflects Meta's AI-data-center build-out tied to Llama training and the Meta Superintelligence Labs compute commitments. Sourced live from SEC EDGAR XBRL (PaymentsToAcquirePropertyPlantAndEquipment). This is the cash-paid component; finance-lease commitments are disclosed in the 10-K's leases note and not added here in v1.
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| FY | Capex | Revenue | % of revenue |
|---|---|---|---|
| FY2010 | $293M | $1.97B | 14.8% |
| FY2011 | $606M | $3.71B | 16.3% |
| FY2012 | $1.24B | $5.09B | 24.3% |
| FY2013 | $1.36B | $7.87B | 17.3% |
| FY2014 | $1.83B | $12.47B | 14.7% |
| FY2015 | $2.52B | $17.93B | 14.1% |
| FY2016 | $4.49B | $27.64B | 16.2% |
| FY2017 | $6.73B | $40.65B | 16.6% |
| FY2018 | $13.91B | $55.84B | 24.9% |
| FY2019 | $15.10B | $70.70B | 21.4% |
| FY2020 | $15.16B | $85.97B | 17.6% |
| FY2021 | $18.69B | $117.93B | 15.8% |
| FY2022 | $31.19B | $116.61B | 26.7% |
| FY2023 | $27.05B | $134.90B | 20.0% |
| FY2024 | $37.26B | $164.50B | 22.6% |
| FY2025 | $69.69B | $200.97B | 34.7% |
R&D spending
Annual research-and-development expense. Bar height is absolute dollars; the percentage in each label is R&D as a share of revenue. Meta consistently runs R&D in the high-twenties percent of revenue — one of the highest ratios in big tech, reflecting both the Family of Apps engineering surface and the Reality Labs / FAIR / Meta Superintelligence Labs research investments. Sourced live from SEC EDGAR XBRL (ResearchAndDevelopmentExpense).
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| FY | R&D | Revenue | % of revenue |
|---|---|---|---|
| FY2010 | $144M | $1.97B | 7.3% |
| FY2011 | $388M | $3.71B | 10.5% |
| FY2012 | $1.40B | $5.09B | 27.5% |
| FY2013 | $1.42B | $7.87B | 18.0% |
| FY2014 | $2.67B | $12.47B | 21.4% |
| FY2015 | $4.82B | $17.93B | 26.9% |
| FY2016 | $5.92B | $27.64B | 21.4% |
| FY2017 | $7.75B | $40.65B | 19.1% |
| FY2018 | $10.27B | $55.84B | 18.4% |
| FY2019 | $13.60B | $70.70B | 19.2% |
| FY2020 | $18.45B | $85.97B | 21.5% |
| FY2021 | $24.66B | $117.93B | 20.9% |
| FY2022 | $35.34B | $116.61B | 30.3% |
| FY2023 | $38.48B | $134.90B | 28.5% |
| FY2024 | $43.87B | $164.50B | 26.7% |
| FY2025 | $57.37B | $200.97B | 28.5% |
Capital returns: buybacks & dividends
Cash returned to shareholders via share buybacks (the PaymentsForRepurchaseOfCommonStock line) plus common-stock dividends (the PaymentsOfDividends line). Meta initiated its first-ever dividend in Q1 2024 ($0.50 per share quarterly, raised to $0.525 in Q1 2025); buybacks have been the larger return vehicle by an order of magnitude. Cumulative across the years shown below: $184.37B. Both series are sourced live from SEC EDGAR XBRL.
Show table
| FY | Buybacks | Dividends | Total | Cumulative |
|---|---|---|---|---|
| FY2015 | $0 | $0 | $0 | $0 |
| FY2016 | $0 | $0 | $0 | $0 |
| FY2017 | $1.98B | $0 | $1.98B | $1.98B |
| FY2018 | $12.88B | $0 | $12.88B | $14.86B |
| FY2019 | $4.20B | $0 | $4.20B | $19.06B |
| FY2020 | $6.27B | $0 | $6.27B | $25.33B |
| FY2021 | $44.54B | $0 | $44.54B | $69.87B |
| FY2022 | $27.96B | $0 | $27.96B | $97.82B |
| FY2023 | $19.77B | $0 | $19.77B | $117.60B |
| FY2024 | $30.12B | $5.07B | $35.20B | $152.79B |
| FY2025 | $26.25B | $5.32B | $31.57B | $184.37B |
Major acquisitions
Headline transaction values from announcement, in USD billions. Instagram (2012) and WhatsApp (2014) are the two anchors of the modern Family of Apps revenue base; Oculus (2014) is the Reality Labs origin transaction. Giphy (2020) was divested in 2023 under a UK Competition and Markets Authority order. Within (Supernatural fitness app) was challenged by the FTC and ultimately closed. The June 2025 Scale AI deal was structured as a ~49% non-voting investment plus an acqui-hire of CEO Alexandr Wang and key staff — not a full acquisition — but is included as the founding event of Meta Superintelligence Labs.
| Closed | Target | Headline price | Category |
|---|---|---|---|
| 2012-09-06 | $1.00B | social / photo-sharing | |
| 2014-07-21 | Oculus VR | $2.00B | VR hardware (Reality Labs origin) |
| 2014-10-06 | $19.00B | messaging | |
| 2017-08-03 | tbh / Painted Owl | $0.10B | teen-polling app (small) |
| 2019-12-23 | CTRL-labs | $0.50B | neural-interface research |
| 2020-04-22 | Giphy | $0.40B | GIF library — DIVESTED 2023 under UK CMA order |
| 2022-12-08 | Within (Supernatural) | $0.40B | VR fitness app — FTC-challenged, ultimately closed |
| 2025-06-12 | Scale AI (~49% non-voting + Wang acqui-hire) | $14.30B | AI data labeling — created Meta Superintelligence Labs |
Other metrics
Operating income, net income, stock-based compensation, operating cash flow, and year-end cash & equivalents — the standard 10-K-derived secondary metrics. Last ten fiscal years shown. All values pulled live from SEC EDGAR XBRL.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income | $12.43B | $20.20B | $24.91B | $23.99B | $32.67B | $46.75B | $28.94B | $46.75B | $69.38B | $83.28B |
| Net Income | $10.22B | $15.93B | $22.11B | $18.48B | $29.15B | $39.37B | $23.20B | $39.10B | $62.36B | $60.46B |
| Stock-Based Compensation | $3.22B | $3.72B | $4.15B | $4.84B | $6.54B | $9.16B | $11.99B | $14.03B | $16.69B | $20.43B |
| Operating Cash Flow | $16.11B | $24.22B | $29.27B | $36.31B | $38.75B | $57.68B | $50.48B | $71.11B | $91.33B | $115.80B |
| Cash & Equivalents | $8.90B | $8.08B | $10.02B | $19.08B | $17.58B | $16.60B | $14.68B | $41.86B | $43.89B | $35.87B |
Key events on the revenue timeline
Product launches, leadership transitions, acquisitions, layoff rounds, and disclosure changes that shape the revenue arc above.
- 2004-02-04milestoneFacebook founded by Mark Zuckerberg at Harvard
- 2012-04-09acquisitionInstagram acquisition announced ($1.0B cash + stock; closed Sept 2012)
- 2012-05-18milestoneFacebook IPO on Nasdaq at $38/share (ticker FB)
- 2014-02-19acquisitionWhatsApp acquisition announced ($19B cash + stock; closed Oct 2014)
- 2014-03-25acquisitionOculus VR acquisition announced ($2B cash + stock; closed July 2014)
- 2018-03-17disclosureCambridge Analytica disclosure breaks; #DeleteFacebook campaign begins
- 2019-07-24disclosureFTC $5B settlement closes 2018 privacy investigation
- 2020-10-28disclosureReality Labs first broken out as separate reportable segment (Q4 2020 results)
- 2021-10-28milestoneCorporate name change: Facebook, Inc. → Meta Platforms, Inc.
- 2022-06-09milestoneTicker symbol change on Nasdaq: FB → META
- 2022-10-24disclosureAltimeter open letter to Zuckerberg published; activist pressure on metaverse strategy intensifies
- 2022-11-09disclosureFirst major layoff round announced (~11,000 employees, ~13% of workforce)
- 2023-02-01milestone'Year of Efficiency' framing introduced on Q4 2022 earnings call
- 2023-03-14disclosureSecond major layoff round announced (~10,000 additional employees)
- 2023-02-24productLlama 1 released (research weights)
- 2023-07-18productLlama 2 released (open weights for commercial use)
- 2024-02-01capitalFirst quarterly dividend declared ($0.50/share; first dividend in company history)
- 2024-04-18productLlama 3 released
- 2025-04-05productLlama 4 released (Scout, Maverick, Behemoth)
- 2025-06-12acquisitionScale AI ~$14.3B investment / acqui-hire announced; Meta Superintelligence Labs formed under Alexandr Wang
Methodology & data sources
Live data. Annual revenue, R&D, operating income, net income, stock-based compensation, operating cash flow, capital expenditures (PP&E), share-buyback cash, dividends paid, and year-end cash & equivalents are sourced live from Meta's SEC EDGAR XBRL company-facts endpoint. If EDGAR is unreachable when the page is being prepared, the page is not updated, so visitors never see stale fallback numbers.
Hand-curated, source-tagged. Meta's segment-disaggregated revenue and operating income (Family of Apps / Reality Labs), the per-FY revenue disaggregation by geography (US/Canada / Europe / Asia-Pacific / Rest of World), year-end headcount, the major-acquisitions roster, and the Reality Labs cumulative-loss tracker are not exposed in the EDGAR companyfacts JSON. Each value is hand-curated from the underlying 10-K filing and tagged with the filing's accession number. When a newer 10-K is filed than the one a value was last verified against, a "Verification due" banner appears next to the affected section.
Reality Labs disclosure history. Reality Labs was first broken out as a separate reportable segment in Q4 2020. Pre-FY2020, Oculus and other AR/VR spend was folded into the consolidated income statement without segment-level disclosure. The page does not attempt to back-cast a synthetic pre-FY2020 RL series; the segment chart starts at FY2020.
Ticker rename. The corporate name changed from Facebook, Inc. to Meta Platforms, Inc. on October 28, 2021; the Nasdaq ticker symbol changed from FB to META on June 9, 2022. Neither change affected financial reporting; the CIK is unchanged. Older 10-K primary documents on EDGAR carry filenames beginning with fb- while newer ones begin with meta-.
Refresh cadence. Hand-curated values are re-verified quarterly, aligned with Meta's fiscal-year cadence (FY ends December 31; the FY10-K typically lands in late January or early February). The 10-Qs land in late April / late July / late October.
What's intentionally not here. Live market cap (live share-price × stale shares-outstanding produces a number that's routinely wrong; visitors can read market cap from any public quote source). Forward guidance, analyst estimates, and price targets (out of scope — the page is reported actuals). Editorial framing about whether the metaverse strategy is succeeding or failing. Active-user counts (DAU / MAP / Family DAP) — Meta still discloses Family DAP each quarter but the trajectory is its own page; this page is about reported financial actuals. ARPU by region: Meta consolidated its regional ARPU disclosures into a single Family-wide ARPP starting in 2023; the page surfaces revenue by region in absolute dollars instead, which preserves the regional-mix story without the discontinued metric.
Cross-references. Tech Financial History for the multi-company comparison view. Tech Filings for every Meta SEC filing in chronological order. Llama Versions for the open-weights release timeline that overlays the AI-capex story. Meta's row on the Orgs index for the company profile.
Last updated: 2026-04-30 16:09 UTC. Latest 10-K on EDGAR: 0001628280-26-003942 filed 2026-01-29. Hand-curated source-tag anchor: 0001628280-26-003942.