Meta Platforms (META) Operating Expenses (2011 - 2026)
Meta Platforms' (META) quarterly Operating Expenses came in at $42.0 billion in Q2 2026, up 55.22% year-over-year from $27.1 billion in Q2 2025, and up 25.68% quarter-over-quarter from $33.4 billion in Q1 2026.
Analysis
Meta Platforms (META) Operating Expenses (2011 - 2026) Analysis & Trends
Meta Platforms (META) has reported Operating Expenses for 16 consecutive years, with $42.0 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 55.22% year-over-year to $42.0 billion in Q2 2026; TTM through Jun 2026 was $141.3 billion, a 41.19% increase from a year earlier, with the FY2025 full-year figure at $117.7 billion, up 23.73% from the prior year.
- Operating Expenses was $42.0 billion for Q2 2026 at Meta Platforms, up from $33.4 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $42.0 billion in Q2 2026 and troughed at $19.4 billion in Q1 2022.
- A 5-year average of $25.8 billion and a median of $24.0 billion in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses dropped 7.91% in 2023 and jumped 55.22% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $25.8 billion in 2022, then decreased by 7.91% to $23.7 billion in 2023, then increased by 5.45% to $25.0 billion in 2024, then jumped by 40.47% to $35.1 billion in 2025, then advanced by 19.57% to $42.0 billion in 2026.
- The last three Operating Expenses figures came in at $42.0 billion (Q2 2026), $33.4 billion (Q1 2026), and $35.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Meta Platforms | 1,696.33 Bn | 1,606.07 Bn | 49.47 Bn | 42.03 Bn |
| 2 | 29.01 Bn | 26.23 Bn | 734.60 Mn | 573.19 Mn | |
| 3 | Bilibili | 12.48 Bn | 10.34 Bn | 433.97 Mn | -379.21 Mn |
| 4 | 10.51 Bn | 9.24 Bn | 922.30 Mn | 1.23 Bn | |
| 5 | Match | 9.93 Bn | 9.35 Bn | 648.84 Mn | 607.66 Mn |
| 6 | Snap | 9.56 Bn | 6.90 Bn | 931.11 Mn | 1.77 Bn |
| 7 | Rum | 5.38 Bn | 5.26 Bn | - | 111.15 Mn |
| 8 | Sound | 4.72 Bn | 4.61 Bn | - | - |
| 9 | Joyy | 4.14 Bn | 3.82 Bn | 201.60 Mn | -188.24 Mn |
| 10 | Grindr | 2.68 Bn | 2.67 Bn | 103.57 Mn | 105.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.03 Bn |
| 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 |