Meta Platforms (META) Operating Expenses (2011 - 2026)

Meta Platforms (META) reported Operating Expenses of $33.4 billion for Q1 2026, up 35.06% year-over-year from $24.8 billion in Q1 2025, and down 4.86% quarter-over-quarter from $35.1 billion in Q4 2025.

Meta Platforms (META) Operating Expenses (2011 - 2026) Analysis & Trends

Meta Platforms (META) has 16 years of Operating Expenses data on file, last reported at $33.4 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $33.4 billion, up 35.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $126.4 billion (up 29.95% YoY), and the FY2025 annual result was $117.7 billion, up 23.73% from the prior year.
  • Operating Expenses declined to $33.4 billion in Q1 2026 per META's latest filing, from $35.1 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $35.1 billion in Q4 2025 and troughed at $19.4 billion in Q1 2022.
  • A 5-year average of $24.8 billion and a median of $23.7 billion in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2025: Operating Expenses declined 7.91% in 2023, then soared 40.47% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $25.8 billion in 2022, then slipped 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 retreated by 4.86% to $33.4 billion in 2026.
  • Business Quant data shows META's Operating Expenses 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 Nebius 1,942,920.03 Bn 1,942,920.03 Bn 295.20 Mn 527.00 Mn
2 Alphabet 4,333.14 Bn 4,117.52 Bn 102.29 Bn 70.20 Bn
3 Meta Platforms 1,436.75 Bn 1,355.57 Bn 46.09 Bn 33.44 Bn
4 Spotify Technology 115.76 Bn 105.52 Bn 1.75 Bn 512.79 Mn
5 Reddit 31.07 Bn 28.30 Bn 511.94 Mn 480.50 Mn
6 Pinterest 12.92 Bn 11.62 Bn 768.96 Mn 1.09 Bn
7 Kanzhun 12.73 Bn 10.63 Bn 255.62 Bn -209.66 Bn
8 Snap 8.83 Bn 6.00 Bn 1.29 Bn 1.60 Bn
9 Match 8.15 Bn 7.13 Bn 653.28 Mn 627.52 Mn
10 Zillow 7.57 Bn 6.79 Bn 519.00 Mn 483.00 Mn

Historic Data

Download Data
DateValue
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