Meta Platforms, Inc. (META) Form 10-Q — Oct 21, 2026
Meta Platforms reported Q3 2026 revenue of $64.60 billion, up 26% year-over-year, with advertising revenue up 26% on 10% impression growth and 14% higher average price per ad. Diluted EPS was $3.83 on net income of $9.86 billion, and Family DAP reached 3.64 billion, up 3%. However, income from operations fell 37% to $12.99 billion as total costs surged 68%, driven primarily by a $9.89 billion charge for the August 2026 multistate attorneys general settlement related to teen mental health (~$12.7 billion payable over 10 years) plus heavy AI infrastructure spending. Reality Labs is expected to lose $18-19 billion for full-year 2026, and 2026 capex guidance is $135-145 billion.
Key figures
- Eps
- 3.83
- Revenue
- 64601000000
- Guidance
- Q4 2026 effective tax rate expected between 15-17%; full-year 2026 Reality Labs operating losses expected at approximately $18-19 billion; 2026 capital expenditures expected at approximately $135-145 billion
- Net Income
- 9860000000
- Total Debt
- 84000000000
- Revenue Yoy
- 26%
- Total Assets
- 478836000000
- Cash Position
- 82450000000
- Dap
- 3.64 billion (September 2026, +3% YoY)
- Arpp q3
- 17.72
- Capex ytd
- 85820000000
- Headcount
- 66775
- Ad revenue q3
- 63061000000
- Headcount yoy
- -15%
- New mexico penalty
- 25000000000
- Nine month revenue
- 181712000000
- Q3 operating income
- 12988000000
- Q3 operating margin
- 20%
- Rl operating loss q3
- 4129000000
- Ad impressions growth
- 10%
- Dividend per share q3
- 0.525
- Ad price per ad growth
- 14%
- Agreement total payable
- approximately $12.7 billion payable to states over 10 years plus ~$500 million privacy settlement; $5.3 billion contingent amounts not accrued
- Diluted eps nine months
- 20.44
- May 2026 notes proceeds
- 24910000000
- Q3 operating income yoy
- -37%
- Unrecognized tax benefits
- 20820000000
- Capex q3 incl finance leases
- 34910000000
- Buyback remaining authorization
- 25030000000
- Attorneys general settlement charge q3
- 9890000000
AI analysis
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