Flagship explainer
How Meta Platforms, Inc. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $201.0B | 100% |
| |
| Cost of revenue | $36.2B | 18% |
|
| $164.8B | 82% |
| |
| $83.3B | 41% |
| |
| Income before tax | $85.9B | 43% |
|
| Income tax | $25.5B | 13% |
|
| $60.5B | 30% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001628280-26-003942