How does Meta (META) make money?

Meta (META) primarily makes money through Family of Apps, which accounts for 99% of total revenue. For TTM through Q1 2026, Meta generated $214.96B in total revenue with a net profit margin of 32.8%.

What is Meta (META) gross profit margin?

Meta (META) reported a gross profit margin of 81.9% for TTM through Q1 2026, equivalent to $176.14B in gross profit. This means Meta retains 81.9% of each revenue unit after direct costs of production.

What is Meta (META) operating profit margin?

Meta (META) reported an operating profit margin of 41.2% for TTM through Q1 2026, equivalent to $88.59B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Meta (META) net profit margin?

Meta (META) reported a net profit margin of 32.8% for TTM through Q1 2026, equivalent to $70.59B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Meta (META) invest in R&D?

Meta (META) invested $62.92B in research and development in TTM through Q1 2026 (29.3% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Meta (META) spend on capital expenditures?

Meta (META) spent $75.75B on capital expenditures in TTM through Q1 2026 (35.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Meta (META) free cash flow?

Meta (META) generated $48.25B in free cash flow for TTM through Q1 2026 (22.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Meta (META) effective tax rate?

Meta (META) had an effective tax rate of 21% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Meta (META) Makes Money: A Visual Guide

Meta (META) generated $214.96B in revenue, earning $70.59B in net profit (32.8% margin). Its largest revenue source is Family of Apps (99% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Meta (META) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 30, 2026).

Frequently asked questions

How does Meta (META) make money?: Meta (META) primarily makes money through Family of Apps, which accounts for 99% of total revenue. For TTM through Q1 2026, Meta generated $214.96B in total revenue with a net profit margin of 32.8%.
What is Meta (META) gross profit margin?: Meta (META) reported a gross profit margin of 81.9% for TTM through Q1 2026, equivalent to $176.14B in gross profit. This means Meta retains 81.9% of each revenue unit after direct costs of production.
What is Meta (META) operating profit margin?: Meta (META) reported an operating profit margin of 41.2% for TTM through Q1 2026, equivalent to $88.59B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Meta (META) net profit margin?: Meta (META) reported a net profit margin of 32.8% for TTM through Q1 2026, equivalent to $70.59B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Meta (META) invest in R&D?: Meta (META) invested $62.92B in research and development in TTM through Q1 2026 (29.3% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Meta (META) spend on capital expenditures?: Meta (META) spent $75.75B on capital expenditures in TTM through Q1 2026 (35.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Meta (META) free cash flow?: Meta (META) generated $48.25B in free cash flow for TTM through Q1 2026 (22.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Meta (META) effective tax rate?: Meta (META) had an effective tax rate of 21% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.