META · 10-Q · 2026Q2 · Full report

Leases and Contractual Commitments

Meta Platforms, Inc. · 2026-07-30 · Importance 64 · Surprise 42 · In source text

As of June 30, 2026, Meta had approximately $278.99 billion of uncommenced operating and finance lease obligations for data centers, colocations, and network infrastructure, commencing from the remainder of 2026 through 2036 with terms up to 30 years. In July 2026, Meta entered additional data-center leases with approximately $68 billion of obligations expected to commence in 2027 and 2028 over 18- to 20-year terms. Total non-cancelable contractual commitments were $349.31 billion, including $53.52 billion due in 2026 and $81.65 billion due in 2027, primarily for third-party cloud capacity, servers, network infrastructure, data centers, and Reality Labs consumer hardware. Meta also had contingent obligations to purchase up to $14.72 billion of cloud capacity over five years and placed $10.80 billion into restricted cash for infrastructure purchase-agreement escrow requirements.

Key facts

• In July 2026, we entered into additional data center leases with lease obligations of approximately $68 billion, expected to commence in 2027 and 2028, with lease terms of 18 to 20 years.
• As of June 30, 2026, we had $349.31 billion of non-cancelable contractual commitments, with approximately $53.52 billion due in 2026 and $81.65 billion due in 2027.
• We had operating and finance leases that have not yet commenced as of June 30, 2026 with lease obligations of approximately $278.99 billion, which will commence during the remainder of 2026 through 2036 with lease terms ranging from greater than one year to 30 years.
• During the six months ended June 30, 2026, $10.80 billion of unrestricted money market funds was reclassified as restricted cash equivalents in connection with escrow requirements under certain multi-year infrastructure purchase agreements, expected to be released between 2028 and 2030.

Impact estimates