Meta Platforms, Inc. · NASDAQ:META
Meta Platforms — Q3 2026 Earnings Presentation
18 slides from Meta Platforms's earnings presentation, Oct 21, 2026
Slide 1: Meta Earnings Presentation Q3 2026
Meta Earnings Presentation Q3 2026 investor.atmeta.com
Slide 2: Advertising Revenue by User Geography
Advertising Revenue by User Geography In Millions $63,061 $58,137 $59,363 $8,858 $55,024 $7,403 $8,094 $50,082 $7,430 $46,783 $46,563 $11,531 $6,659 $10,847 $5,635 $10,893 $41,392 $6,004 $10,631 $39,885 $5,088 $5,382 $10,020 $9,012 $9,148 $14,234 $14,198 $14,085 $8,050 $8,224 $13,296 $11,154 $12,072
Slide 3: Revenue by User Geography
Revenue by User Geography In Millions $64,601 $59,893 $60,801 $9,344 $56,311 $7,759 $8,525 $51,242 $7,818 $48,385 $47,516 $11,890 $6,951 $11,182 $11,164 $5,854 $42,314 $6,247 $40,589 $10,914 $5,590 $10,272 $5,268 $9,245 $9,366 $14,462 $14,480 $14,296 $8,220 $8,439 $13,500 $11,503 $12,268 $11,532 $9,
Slide 4: Segment Results
Segment Results In Millions, Except Percentages Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Advertising $ 39,885 $ 46,783 $ 41,392 $ 46,563 $ 50,082 $ 58,137 $ 55,024 $ 59,363 $ 63,061 Other 434 519 510 583 690 801 885 1,007 1,097 Family of Apps 40,319 47,302 41,902 47,146 50,772 58,938 55
Slide 5: Expenses as a Percentage of Revenue
Expenses as a Percentage of Revenue 23% 9% 5% 7% 5% 6% 5% 6% 6% 5% 2% 7% 6% 6% 5% 7% 6% 7% 36% 31% 28% 29% 30% 29% 31% 25% 27% General & Administrative Marketing & Sales 21% Research & 18% 18% 18% 18% 18% 18% 18% 19% Development Cost of Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Revenue 5
Slide 6: Effective Tax Rate
Effective Tax Rate In Millions, Except Percentages Q3’24 Q4’24 Q1’25 Q2’25 Q3’25(1) Q4’25 Q1’26 (2) Q2’26 Q3’26 (3) Income before income taxes $ 17,822 $ 23,553 $ 18,382 $ 20,534 $ 21,663 $ 25,354 $ 21,752 $ 18,756 $ 13,001 Provision (benefit) for $ 2,134 $ 2,715 $ 1,738 $ 2,197 $ 18,954 $ 2,586 $ (
Slide 7: Net Income
Net Income In Millions $26,773 $22,768 $20,838 $18,337 $16,644 $15,688 $15,848 $9,860 $2,709 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 (1) Q4'25 Q1'26 (2) Q2'26 Q3'26 (3) (1) Q3’25 net income includes a one-time, non-cash income tax charge to provision for income taxes of $15.93 billion related to the enactment
Slide 8: Diluted Earnings Per Share (EPS)
Diluted Earnings Per Share (EPS) $10.44 $8.88 $8.02 $7.14 $6.43 $6.03 $6.18 $3.83 $1.05 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 (1) Q4'25 Q1'26 (2) Q2'26 Q3'26 (3) (1) Q3’25 net income includes a one-time, non-cash income tax charge to provision for income taxes of $15.93 billion related to the enactment of t
Slide 9: Capital Expenditures
Capital Expenditures In Millions $85,824 $50,078 $34,906 $19,374 Q3'25 Q3'26 2025 2026 Quarterly YTD Capital expenditures for periods presented were related to purchases of property and equipment and principal payments on finance leases. 9
Slide 10: Family Daily Active People (DAP)
Family Daily Active People (DAP) In Billions 3.54 3.58 3.56 3.60 3.64 3.43 3.48 3.29 3.35 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 (1) Q2'26 Q3'26 (1) The slight decline in DAP in the first quarter of 2026 was driven by internet disruptions in Iran (which were largely restored in the second quarter
Slide 11: Family Average Revenue per Person (ARPP)
Family Average Revenue per Person (ARPP) $17.72 $16.56 $16.86 $15.66 $14.25 $14.46 $13.65 $12.29 $12.36 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 We define average revenue per person (ARPP) as our FoA revenue during a given quarter, divided by the average of the number of DAP at the begi
Slide 12: Ad Impressions Delivered YoY Percentage Change
Ad Impressions Delivered YoY Percentage Change 18% 19% 17% 14% 14% 13% 13% 13% 13% 10% 9% 9% 8% 8% 8% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Worldwide US & Canada Europe 23% 24% 23% 17% 17% 14% 14% 12% 9% 8% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25
Slide 13: Average Price Per Ad YoY Percentage Change
Average Price Per Ad YoY Percentage Change 20% 23% 19% 19% 12% 12% 14% 13% 14% 12% 10% 9% 10% 10% 6% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Worldwide US & Canada Europe 24% 20% 21% 18% 15% 5% 1% 1% 1% (2)% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q
Slide 14: Appendix
Appendix OQ Meta
Slide 15: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation In Millions Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Net cash provided by $ 24,724 $ 27,988 $ 24,026 $ 25,561 $ 29,999 $ 36,214 $ 32,226 $ 31,862 $ 32,786 operating activities Less: Purchases of 8,258 14,425 12,941 16,538 18,829 21,383 18,997 30,116 33,942
Slide 16: Limitations of Key Metrics and Other Data
Limitations of Key Metrics and Other Data Family Metrics The numbers for our key metrics are calculated using internal company data based on the activity of user accounts. We report our estimates of the numbers of our daily active people (DAP) and average revenue per person (ARPP) (collectively, our
Slide 17: Limitations of Key Metrics and Other Data
Limitations of Key Metrics and Other Data To calculate our estimates of DAP, we currently use a series of machine learning models that are developed based on internal reviews of limited samples of user accounts and calibrated against user survey data. We apply significant judgment in designing these
Slide 18: Meta Earnings Presentation Q3 2026
Meta Earnings Presentation Q3 2026 investor.atmeta.com