Meta Platforms (META) Operating Expenses (2011 - 2026)
Meta Platforms (META) posted quarterly Operating Expenses of $42.0 billion for 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.
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.
- In Q2 2026, Operating Expenses rose 55.22% year-over-year to $42.0 billion; the TTM figure through Jun 2026 stood at $141.3 billion (up 41.19% YoY), while the FY2025 annual figure was $117.7 billion, up 23.73% from the prior year.
- Operating Expenses rose to $42.0 billion in Q2 2026 per META's latest filing, from $33.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $42.0 billion in Q2 2026 and bottomed at $19.4 billion in Q1 2022.
- Historically, Operating Expenses has averaged $25.8 billion across 5 years, with a median of $24.0 billion in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses declined 7.91% — and 2026, when it surged 55.22%.
- Meta Platforms' Operating Expenses stood at $25.8 billion in 2022, then dropped by 7.91% to $23.7 billion in 2023, then gained by 5.45% to $25.0 billion in 2024, then soared by 40.47% to $35.1 billion in 2025, then grew by 19.57% to $42.0 billion in 2026.
- Business Quant data shows META's Operating Expenses at $42.0 billion in Q2 2026, $33.4 billion in Q1 2026, and $35.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,322.94 Bn | 3,893.90 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,508.67 Bn | 1,418.41 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Baidu | 298.52 Bn | 295.97 Bn | 1.88 Mn | 4.19 Bn |
| 4 | Spotify Technology | 100.48 Bn | 90.25 Bn | 1.75 Bn | 512.79 Mn |
| 5 | Joyy | 78.32 Bn | 77.46 Bn | 205.64 Mn | -187.82 Mn |
| 6 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 7 | Nebius | 48.55 Bn | 38.93 Bn | 295.20 Mn | 527.00 Mn |
| 8 | 31.08 Bn | 28.30 Bn | 734.60 Mn | 573.19 Mn | |
| 9 | Tencent Music Entertainment | 29.33 Bn | 27.04 Bn | 514.00 Mn | -176.00 Mn |
| 10 | Kanzhun | 15.28 Bn | 13.18 Bn | 255.62 Bn | -209.66 Bn |
Historic Data
Download 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 |