META

Meta Platforms, Inc.

Ticker: METATechnologyComputer ServicesS&P 500
HQ MENLO PARK, CACIK 1326801FY end 12-31Book / share $101.84Shares 2565M
Revenue (FY)
$200.97B+22.17%
TTM $228.25B
Op. margin
41.44%-0.74%
TTM 38.08%
Net income
$60.46B-3.05%
TTM $68.10B
Operating cash
$115.80B+26.80%
TTM $130.30B
Free cash flow
$46.11B-14.73%
TTM $40.98B
Return on equity
27.83%-6.31%
TTM 26.07%
Debt / equity
0.27+0.11%
TTM 0.32
Shares outstanding
2.6B-1.53%
TTM 2.6B

The business

Meta Platforms, Inc. (NASDAQ: META) operates a global technology platform centered on human connection and social interaction. The company's mission focuses on building the future of human connection through technology that enables people to connect and share across mobile devices, personal computers, virtual reality headsets, and artificial intelligence glasses. Meta's website is located at meta.com.

The company operates two primary business segments. The Family of Apps segment generates substantially all revenue through advertising placements on Facebook, Instagram, Messenger, Threads, and WhatsApp. These products enable users to share content, build communities, discover information, and connect with others globally. The Reality Labs segment develops virtual and augmented reality hardware and software, including Meta Quest devices, Ray-Ban Meta and Oakley Meta AI glasses, and the Orion prototype AR glasses. Reality Labs also generates revenue from consumer hardware sales, software, and content, though this segment operates at a loss as it represents long-term research and development investments.

Meta's advertising platform allows marketers to reach users across multiple objectives including lead generation and brand awareness. The company operates a global sales force across more than 90 cities worldwide, supplemented by self-service advertising tools and third-party distribution channels for hardware products.

As of December 31, 2025, Meta employed 78,865 people globally with offices in more than 90 cities. The company's Family of Apps segment accounted for 82 percent of total costs and expenses in 2025, while Reality Labs represented 18 percent. The company's key metrics include daily active people across its Family of Apps and average revenue per person, though Meta acknowledges inherent challenges in measuring these metrics across large global populations.

Meta's intellectual property portfolio includes trademarks such as Meta, Facebook, Instagram, WhatsApp, Reels, and Meta Quest. The company maintains a history of open-sourcing artificial intelligence models, including its Llama foundation models, while continuing to develop proprietary AI capabilities for content recommendation, advertising optimization, and new product development. Meta's competitive advantages center on its large user base, advertising technology infrastructure, and significant investments in artificial intelligence and emerging computing platforms.

Sector
Technology
Industry
Computer Services
HQ
MENLO PARK, CA
FY end
12-31
CIK
1326801
SIC
7370
Financial performance · annual
20132025
$-22.82B$45.65B$114.12B$182.60B$251.07B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Meta Platforms, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

2.1K
funds hold it
12 of 35
superinvestors hold it
$423.80B
fund-held value
32.9%
of shares held by funds
26
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
1.71%$39.27B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
1.92%$32.06B
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
2.13%$17.70B
iShares Core S&P 500 ETF
IVV · iShares Trust
1.92%$17.02B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
1.92%$14.99B

Superinvestors in Meta Platforms, Inc.

Chase ColemanDECREASED -8.5%
Tiger Global Management
6.6%
Terry SmithDECREASED -20.4%
Fundsmith
4.3%
David TepperINCREASED +54.6%
Appaloosa
5.1%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 26 issues of Meta Platforms, Inc.'s debt, $14.69B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 5.20%, maturing 20272066.

IssueCouponMaturesFundsFund-held
META 4.875 11/15/354.875%2035-11-15223$1.88B
META 5.625 11/15/55 .5.625%2055-11-15307$1.53B
Meta Platforms, Inc.5.250%2036-05-15221$1.07B
Meta Platforms, Inc.4.600%2032-11-15182$1.05B
Meta Platforms, Inc.6.300%2056-05-15248$1.03B
Meta Platforms, Inc.5.500%2045-11-15211$989.33M
Meta Platforms, Inc.4.200%2030-11-15138$779.61M
META PLATFORMS INC SR UNSEC 5.75% 11-15-655.750%2065-11-15189$779.32M
Meta Platforms Inc6.200%2046-05-15145$690.90M
META 6.45 05/15/666.450%2066-05-15105$589.28M

The 10 largest by fund-held value, of 26.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Go deeper in your own AI

15 years of statements, narrative and filings — queryable over MCP.

Read META's last four 10-Qs: what changed in segment trends, margins and management's narrative?
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15 years of Meta Platforms, Inc.'s financials

Income statement, balance sheet and cash flow across 15 years, every filing with its disclosures, and each number traceable to the filing it came from — free with an account, no card required.

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