Meta Platforms (META) Free Cash Flow (2011 - 2026)
Meta Platforms (META) recorded Free Cash Flow of -$1.16 billion in Q3 2026, compared with $11.17 billion a year earlier.
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Analysis
Meta Platforms (META) Free Cash Flow (2011 - 2026) Analysis & Trends
On a TTM basis, Meta Platforms' Free Cash Flow came in at $28.65 billion as of Sep 30, 2026, down 36.1% year-over-year; for FY2025, it was $46.11 billion, down 14.7% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of 14.3% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $54.07 billion in FY2024 (+22.7%), $44.07 billion in FY2023 (+128.5%), $19.29 billion in FY2022 (-50.5%) and $38.99 billion in FY2021 (+65.3%).
- The Q3 2026 figure is the lowest quarterly Free Cash Flow in data going back to Q3 2011.
- On a year-over-year basis, Free Cash Flow rose in three of the last seven quarters, with an average decline of 14.6%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 141.7% in Q2 2023, against a decline of 96.7% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.75 billion (Q2 2026), $13.23 billion (Q1 2026) and $14.83 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | -9.07 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | -1.16 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 2.88 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 13.35 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 816.00 Mn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 2.54 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 1.43 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 858.22 Mn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 1.07 Bn |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 3.77 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -1.16 Bn |
| Jun 30, 2026 | 1.75 Bn |
| Mar 31, 2026 | 13.23 Bn |
| Dec 31, 2025 | 14.83 Bn |
| Sep 30, 2025 | 11.17 Bn |
| Jun 30, 2025 | 9.02 Bn |
| Mar 31, 2025 | 11.09 Bn |
| Dec 31, 2024 | 13.56 Bn |
| Sep 30, 2024 | 16.47 Bn |
| Jun 30, 2024 | 11.20 Bn |
| Mar 31, 2024 | 12.85 Bn |
| Dec 31, 2023 | 11.81 Bn |
| Sep 30, 2023 | 13.91 Bn |
| Jun 30, 2023 | 11.18 Bn |
| Mar 31, 2023 | 7.18 Bn |
| Dec 31, 2022 | 5.71 Bn |
| Sep 30, 2022 | 317.00 Mn |
| Jun 30, 2022 | 4.62 Bn |
| Mar 31, 2022 | 8.64 Bn |
| Dec 31, 2021 | 12.70 Bn |
API Access
Meta Platforms Free Cash Flow 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=free-cash-flow&ticker=META&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=META&period=max&api_key=YOUR_API_KEY");
const data = await res.json();