Meta Platforms (META) Cost of Revenue (2011 - 2026)

Meta Platforms has disclosed Cost of Revenue across 16 years of filings, most recently posting $10.2 billion for Q1 2026.

• In Q1 2026, Cost of Revenue rose 270.62% year-over-year to $10.2 billion; the TTM figure through Mar 2026 stood at $25.8 billion (up 50.61% YoY), while the FY2025 annual figure was $12.0 billion, down 60.24% from the prior year.
• Cost of Revenue improved to $10.2 billion in Q1 2026, from $3.4 billion in the prior quarter.
• Over the last five years, Cost of Revenue for META reached as high as $16.9 billion in Q4 2023 and fell as low as $2.7 billion in Q2 2024.
• The 5-year median for Cost of Revenue is $3.4 billion (2025), against an average of $5.3 billion.
• Annual changes were most pronounced in 2022 — Cost of Revenue soared 302.57% — and 2025, when it slumped 61.42%.
• A 5-year view of Cost of Revenue shows it stood at $4.6 billion in 2022, then surged by 269.13% to $16.9 billion in 2023, then sank by 47.65% to $8.8 billion in 2024, then tumbled by 61.42% to $3.4 billion in 2025, then jumped by 199.65% to $10.2 billion in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $10.2 billion, $3.4 billion, and $9.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.