Business
Meta Reports Fourth Quarter and Full Year 2025 Results
Meta Reports Fourth Quarter and Full Year 2025 Results
About this update from Meta Platforms, Inc.
[{"type":"text","content":"MENLO PARK, Calif., Jan. 28, 2026 /PRNewswire/ -- Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2025.\n \n \n \n \n \n \n \n\"We had strong business performance in 2025,\" said Mark Zuckerberg, Meta founder and CEO. \"I'm looking forward to advancing personal superintelligence for people around the world in 2026.\" Fourth Quarter and Full Year 2025 Financial HighlightsThree Months Ended December 31, % ChangeTwelve Months Ended December 31,% ChangeIn millions, except percentages and per share amounts2025202420252024Revenue$ 59,893$ 48,38524 %$ 200,966$ 164,50122 %Costs and expenses35,14825,02040 %117,69095,12124 %Income from operations$ 24,745$ 23,3656 %$ 83,276$ 69,38020 %Operating margin41 %48 %41 %42 %Provision for income taxes (1)$ 2,586$ 2,715(5) %$ 25,474$ 8,303207 %Effective tax rate (1)10 %12 %30 %12 %Net income$ 22,768$ 20,8389 %$ 60,458$ 62,360(3) %Diluted earnings per share (EPS)$ 8.88$ 8.0211 %$ 23.49$ 23.86(2) % ____________________________________(1) The full year 2025 provision for income taxes includes the effects of the implementation of the One Big Beautiful Bill Act during the third quarter of 2025. Absent the valuation allowance charge as of the enactment date, our full year 2025 effective tax rate would have decreased by 17 percentage points to 13%, compared to the reported effective tax rate of 30%. Fourth Quarter and Full Year 2025 Operational and Other Financial HighlightsFamily daily active people (DAP) – DAP was 3.58 billion on average for December 2025, an increase of 7% year-over-year.Ad impressions – Ad impressions delivered across our Family of Apps increased by 18% and 12% year-over-year for the fourth quarter and full year 2025, respectively.Average price per ad – Average price per ad increased by 6% and 9% year-over-year for the fourth quarter and full year 2025, respectively.Revenue – Revenue was $59.89 billion and $200.97 billion, representing increases of 24% and 22% year-over-year for the fourth quarter and full year 2025, respectively. Revenue on a constant currency basis would have increased 23% and 22% year-over-year for the fourth quarter and full year 2025, respectively.Costs and expenses – Total costs and expenses were $35.15 billion and $117.69 billion, representing increases of 40% and 24% year-over-year for the fo...