Meta Platforms (META) Operating Expenses (2016 - 2026)
On a quarterly basis, Operating Expenses rose 35.06% to $33.4 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $126.4 billion, a 29.95% increase, with the full-year FY2025 number at $117.7 billion, up 23.73% from a year prior.
Meta Platforms (META) has 16 years of Operating Expenses data on record, last reported at $33.4 billion in Q1 2026.
- Operating Expenses reached $33.4 billion in Q1 2026 per META's latest filing, down from $35.1 billion in the prior quarter.
- Over the last five years, Operating Expenses for META hit a ceiling of $35.1 billion in Q4 2025 and a floor of $19.4 billion in Q1 2022.
- A 5-year average of $24.8 billion and a median of $23.7 billion in 2023 define the central range for Operating Expenses.
- Peak YoY movement for Operating Expenses: dropped 7.91% in 2023, then surged 40.47% in 2025.
- Tracing META's Operating Expenses over 5 years: stood at $25.8 billion in 2022, then fell by 7.91% to $23.7 billion in 2023, then rose by 5.45% to $25.0 billion in 2024, then surged by 40.47% to $35.1 billion in 2025, then dropped by 4.86% to $33.4 billion in 2026.
- Business Quant data shows Operating Expenses for META at $33.4 billion in Q1 2026, $35.1 billion in Q4 2025, and $30.7 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Meta Platforms | 1,539.18 Bn | 1,458.00 Bn | 46.09 Bn | 33.44 Bn |
| 2 | Spotify Technology | 118.05 Bn | 107.81 Bn | 1.75 Bn | 512.79 Mn |
| 3 | 28.76 Bn | 25.99 Bn | 511.94 Mn | 480.50 Mn | |
| 4 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 527.00 Mn |
| 5 | 12.01 Bn | 10.71 Bn | 768.96 Mn | 1.09 Bn | |
| 6 | Strive | 9.69 Bn | 9.62 Bn | - | 17.33 Mn |
| 7 | Snap | 9.60 Bn | 6.78 Bn | 1.29 Bn | 1.60 Bn |
| 8 | Match | 8.34 Bn | 7.31 Bn | 653.28 Mn | 627.52 Mn |
| 9 | Baidu | 5.09 Bn | -5.87 Bn | 1.88 Mn | 4.19 Bn |
| 10 | Iac | 3.16 Bn | 2.06 Bn | 289.86 Mn | 462.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 33.44 Bn |
| Dec 31, 2025 | 35.15 Bn |
| Sep 30, 2025 | 30.71 Bn |
| Jun 30, 2025 | 27.08 Bn |
| Mar 31, 2025 | 24.76 Bn |
| Dec 31, 2024 | 25.02 Bn |
| Sep 30, 2024 | 23.24 Bn |
| Jun 30, 2024 | 24.22 Bn |
| Mar 31, 2024 | 22.64 Bn |
| Dec 31, 2023 | 23.73 Bn |
| Sep 30, 2023 | 20.40 Bn |
| Jun 30, 2023 | 22.61 Bn |
| Mar 31, 2023 | 21.42 Bn |
| Dec 31, 2022 | 25.77 Bn |
| Sep 30, 2022 | 22.05 Bn |
| Jun 30, 2022 | 20.46 Bn |
| Mar 31, 2022 | 19.38 Bn |
| Dec 31, 2021 | 21.09 Bn |
| Sep 30, 2021 | 18.59 Bn |
| Jun 30, 2021 | 16.71 Bn |
| Mar 31, 2021 | 14.79 Bn |
| Dec 31, 2020 | 15.30 Bn |
| Sep 30, 2020 | 13.43 Bn |
| Jun 30, 2020 | 12.72 Bn |
| Mar 31, 2020 | 11.84 Bn |
| Dec 31, 2019 | 12.22 Bn |
| Sep 30, 2019 | 10.47 Bn |
| Jun 30, 2019 | 12.26 Bn |
| Mar 31, 2019 | 11.76 Bn |
| Dec 31, 2018 | 9.09 Bn |
| Sep 30, 2018 | 7.95 Bn |
| Jun 30, 2018 | 7.37 Bn |
| Mar 31, 2018 | 6.52 Bn |
| Dec 31, 2017 | 5.62 Bn |
| Sep 30, 2017 | 5.21 Bn |
| Jun 30, 2017 | 4.92 Bn |
| Mar 31, 2017 | 4.71 Bn |
| Dec 31, 2016 | 4.24 Bn |
| Sep 30, 2016 | 3.89 Bn |
| Jun 30, 2016 | 3.70 Bn |