META · 10-Q · 2026Q2

Meta Platforms, Inc.

Filed 2026-07-30 · Technology

Ranked Events

• Outstanding IndebtednessImportance 89 · Surprise 82
  Meta reported $83.66 billion of long-term debt as of June 30, 2026 and $84.00 billion of aggregate principal Notes outstanding. The Notes mature from 2027 through 2066 and generated $24.91 billion of net proceeds in…
• Operating Expense TrendsImportance 83 · Surprise 82
  Total costs and expenses increased 55% to $42.026 billion in the second quarter and increased 46% to $75.464 billion for the six months. General and administrative expense increased 111% to $5.609 billion in the…
• R&D Investment in AIImportance 83 · Surprise 82
  Second-quarter research and development expense increased 67% to $21.656 billion, while six-month R&D expense increased 57% to $39.354 billion. The increases reflected higher employee compensation, data-center and…
• Litigation and Legal CostsImportance 78 · Surprise 100
  Meta's general and administrative expenses increased by $2.95 billion, or 111%, in the second quarter of 2026, primarily because of $2.40 billion in charges related to legal proceedings. The company stated that it is…
• Capital ExpendituresImportance 75 · Surprise 60
  Meta’s second-quarter capital expenditures, including finance-lease principal payments, were $31.08 billion. Six-month purchases of property and equipment were $49.11 billion, primarily for servers, data centers, and…
• Interest Rate and Refinancing ExposureImportance 64 · Surprise 42
  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…
• AI Infrastructure InvestmentImportance 64 · Surprise 42
  Meta has significantly increased infrastructure investments for AI initiatives, including third-party cloud capacity, servers, data centers, and network infrastructure, and expects those investments to continue…
• Leases and Contractual CommitmentsImportance 64 · Surprise 42
  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…
• Gross Margin DriversImportance 64 · Surprise 56
  Second-quarter cost of revenue increased 33% to $11.330 billion, and six-month cost of revenue increased 34% to $21.549 billion. The increases were primarily caused by higher infrastructure expenses for data centers,…
• Revenue Performance and MixImportance 64 · Surprise 56
  Second-quarter 2026 total revenue was $60.801 billion, up 28% year over year, while six-month revenue was $117.111 billion, up 30%. Family of Apps revenue increased 28% to $60.370 billion in the quarter and 31% to…
• Advertising Demand TrendsImportance 59 · Surprise 48
  Second-quarter 2026 advertising revenue increased 27% year over year to $59.36 billion, supported by a 14% increase in ad impressions and a 12% increase in average price per ad. Management attributed higher pricing…
• Liquidity and Cash PositionImportance 49 · Surprise 22
  Cash, cash equivalents, and marketable securities totaled $90.26 billion as of June 30, 2026, up $8.67 billion from December 31, 2025. Six-month operating cash flow was $64.088 billion, compared with $49.587 billion in…
• Advertising Regulatory ScrutinyImportance 44 · Surprise 60
  Meta said the EU General Data Protection Regulation, ePrivacy Directive, Digital Services Act, Digital Markets Act, and U.S. state privacy laws have constrained the use of data signals for advertising targeting and…
• Segment ProfitabilityImportance 41 · Surprise 32
  Family of Apps operating income decreased 6% to $23.394 billion in the second quarter, as higher employee, infrastructure, legal, severance, and AI-token costs exceeded revenue growth. FoA six-month operating income…
• Income Tax Rate ChangesImportance 40 · Surprise 42
  Meta said U.S. Treasury Notice 2026-7 provided relief from the Corporate Alternative Minimum Tax (CAMT) related to expensing previously capitalized U.S. research and development costs, producing a six-month 2026 income…
• Capital Return ProgramImportance 40 · Surprise 42
  Meta repurchased no Class A common stock during the six months ended June 30, 2026. The repurchase authorization had $25.03 billion remaining as of June 30, 2026 and has no expiration date. Meta paid $2.70 billion in…
• Geographic Revenue ShiftImportance 40 · Surprise 56
  Second-quarter 2026 revenue growth was 32% in United States & Canada, 24% in Europe, 19% in Asia-Pacific, and 36% in Rest of World. Advertising impression growth was concentrated primarily in lower-monetizing…
• Family Metrics TrendsImportance 35 · Surprise 48
  Worldwide daily active people increased 3% year over year to 3.60 billion on average in June 2026 from 3.48 billion in June 2025. The first-quarter 2026 DAP decline was attributed to internet disruptions in Iran and…
• Headcount / RestructuringImportance 34 · Surprise 50
  Meta had 75,472 employees as of June 30, 2026, down 1% year over year. Approximately 8,000 employees were impacted by the May 2026 headcount reduction, and most of those employees were expected to leave the reported…
• Products and TechnologyImportance 31 · Surprise 42
  Meta is expanding AI capabilities across Facebook, Instagram, Messenger, WhatsApp, and Reels, including an AI-powered discovery engine that recommends relevant content and AI tools that improve ad delivery, targeting,…

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Revenue by Geography (in millions)