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 | 31.07 Bn | 28.30 Bn | 511.94 Mn | 480.50 Mn | |
| 6 | 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| 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 |