META · 10-Q · 2026Q2 · Full report
Interest Rate and Refinancing Exposure
Meta Platforms, Inc. · 2026-07-30 · Importance 64 · Surprise 42 · In source text
Meta issued $24.91 billion of net proceeds from fixed-rate senior unsecured notes in May 2026, contributing to cash, cash equivalents, and marketable securities of $90.26 billion as of June 30, 2026. Long-term debt was $83.66 billion in the second-quarter overview, while aggregate Notes principal outstanding was $84.00 billion as of June 30, 2026, with maturities from 2027 through 2066. Interest expense increased by $542 million, or 225%, in the second quarter and by $864 million, or 180%, in the first six months of 2026, primarily due to higher long-term debt balances. Future interest payment obligations totaled $4.40 billion in the short term and $84.98 billion in the long term.
Key facts
- Short-term and long-term future interest payment obligations as of June 30, 2026 were $4.40 billion and $84.98 billion, respectively.
- Interest expense in the three and six months ended June 30, 2026 increased $542 million, or 225%, and $864 million, or 180%, respectively, compared to the same periods in 2025, due to higher long-term debt balances.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -0.7% | Interest expense in the three and six months ended June 30, 2026 increased $542 million, or 225%, and $864 million, or 180%, respectively,… |
| liability | negative | committed | — | Short-term and long-term future interest payment obligations as of June 30, 2026 were $4.40 billion and $84.98 billion, respectively. |
| liability | negative | realized | — | Interest expense in the three and six months ended June 30, 2026 increased $542 million, or 225%, and $864 million, or 180%, respectively,… |