Meta Platforms (META) FCF Margin (2011 - 2026)
Meta Platforms (META) recorded FCF Margin of 2.87% in Q2 2026, down 16.12 percentage points from 18.99% a year earlier and down 20.62 percentage points from the prior quarter.
Powered by 
Analysis
Meta Platforms (META) FCF Margin (2011 - 2026) Analysis & Trends
On a TTM basis, Meta Platforms' FCF Margin came in at 17.95% as of Jun 30, 2026, down 10.09 percentage points year-over-year; for FY2025, it was 22.94%, down 9.93 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -4.49 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 32.87% in FY2024 (+0.20 pp), 32.67% in FY2023 (+16.13 pp), 16.54% in FY2022 (-16.52 pp) and 33.06% in FY2021 (+5.63 pp).
- The Q2 2026 figure is the lowest quarterly FCF Margin since Q3 2022.
- On a year-over-year basis, FCF Margin has declined for nine consecutive quarters, with an average year-over-year change of -7.64 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 39.58 percentage points in Q3 2023, against a drop of 32.44 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 23.49% (Q1 2026), 24.76% (Q4 2025) and 21.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,394.62 Bn | 3,078.49 Bn | - | - |
| 2 | Meta Platforms | 1,562.01 Bn | 1,562.01 Bn | - | - |
| 3 | Netflix | 255.92 Bn | 217.22 Bn | 6.80 Bn | 22.40% |
| 4 | Alibaba Group Holding | 227.02 Bn | 40.65 Bn | 15.16 Bn | 33.69% |
| 5 | Shopify | 203.21 Bn | 180.40 Bn | 1.71 Bn | 18.25% |
| 6 | Uber Technologies | 132.34 Bn | 104.14 Bn | 6.38 Bn | 19.67% |
| 7 | Spotify Technology | 121.64 Bn | 78.55 Bn | 1.89 Bn | 15.01% |
| 8 | Booking Holdings | 113.63 Bn | 46.68 Bn | - | 49.55% |
| 9 | PDD Holdings | 109.85 Bn | -134.20 Bn | 9.48 Bn | 22.77% |
| 10 | Airbnb | 97.28 Bn | 50.51 Bn | 2.98 Bn | 35.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.87% |
| Mar 31, 2026 | 23.49% |
| Dec 31, 2025 | 24.76% |
| Sep 30, 2025 | 21.80% |
| Jun 30, 2025 | 18.99% |
| Mar 31, 2025 | 26.20% |
| Dec 31, 2024 | 28.03% |
| Sep 30, 2024 | 40.57% |
| Jun 30, 2024 | 28.66% |
| Mar 31, 2024 | 35.24% |
| Dec 31, 2023 | 29.45% |
| Sep 30, 2023 | 40.73% |
| Jun 30, 2023 | 34.92% |
| Mar 31, 2023 | 25.05% |
| Dec 31, 2022 | 17.76% |
| Sep 30, 2022 | 1.14% |
| Jun 30, 2022 | 16.04% |
| Mar 31, 2022 | 30.94% |
| Dec 31, 2021 | 37.73% |
| Sep 30, 2021 | 33.59% |
API Access
Meta Platforms FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=META&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "META", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=META&period=max&api_key=YOUR_API_KEY");
const data = await res.json();