META · 10-K · 2025A · Full report

Leases and Contractual Commitments

Meta Platforms, Inc. · 2026-01-29 · Importance 71 · Surprise 60

The company has significant lease obligations and contractual commitments related primarily to data centers, colocations, network infrastructure, and third-party cloud capacity arrangements. It reports leases that have not yet commenced with total lease obligations of approximately $103.77 billion that will commence between 2026 and 2030 with terms up to 30 years. In addition, it disclosed $131.05 billion of contractual commitments as of December 31, 2025, with $30.63 billion due in 2026. These obligations are material to near- and medium-term capital and operating planning for infrastructure buildout.

Key facts

• We had $131.05 billion of contractual commitments as of December 31, 2025, mostly related to third-party cloud capacity arrangements and investments in servers and network infrastructure, data centers, and consumer hardware products in Reality Labs.
• Leases that have not yet commenced had total lease obligations of approximately $103.77 billion as of December 31, 2025, mostly for data centers, colocations, and network infrastructure.
• $30.63 billion of our contractual commitments were due in 2026 as of December 31, 2025.
• These operating and finance leases will commence between 2026 and 2030 with lease terms of greater than one year to 30 years.
• Principal payments on finance leases were $2,524 million for the year ended December 31, 2025.
• Principal payments on finance leases were $1,969 million for the year ended December 31, 2024.
• Principal payments on finance leases were $1,058 million for the year ended December 31, 2023.
• Our operating and finance leases include data centers, offices, and certain network infrastructure.

Impact estimates