Meta Platforms (META) Operating Leases (2019 - 2026)
Meta Platforms (META) reported Operating Leases of $26.23 billion for Q2 2026, up 39.9% from $18.75 billion a year earlier and up 2.4% from the prior quarter.
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Analysis
Meta Platforms (META) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Meta Platforms posted Operating Leases of $22.94 billion, up 25.4% from FY2024.
- Operating Leases has increased for six consecutive years, with a five-year compound annual growth rate of 19.0% (FY2020 to FY2025).
- By year, Operating Leases came in at $18.29 billion in FY2024 (+6.2%), $17.23 billion in FY2023 (+12.6%), $15.3 billion in FY2022 (+20.0%) and $12.75 billion in FY2021 (+32.3%).
- The Q2 2026 figure ranks as the highest quarterly Operating Leases in data going back to Q1 2019.
- Year over year, Operating Leases has now increased in each of the last 26 quarters, with growth averaging 17.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Leases ranged from 6.0% (Q2 2025) to 39.9% (Q2 2026).
- Per Business Quant data, the three quarters before Q2 2026 came in at $25.61 billion (Q1 2026), $22.94 billion (Q4 2025) and $20.11 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.23 Bn |
| Mar 31, 2026 | 25.61 Bn |
| Dec 31, 2025 | 22.94 Bn |
| Sep 30, 2025 | 20.11 Bn |
| Jun 30, 2025 | 18.75 Bn |
| Mar 31, 2025 | 18.71 Bn |
| Dec 31, 2024 | 18.29 Bn |
| Sep 30, 2024 | 18.21 Bn |
| Jun 30, 2024 | 17.69 Bn |
| Mar 31, 2024 | 17.57 Bn |
| Dec 31, 2023 | 17.23 Bn |
| Sep 30, 2023 | 16.37 Bn |
| Jun 30, 2023 | 16.44 Bn |
| Mar 31, 2023 | 16.17 Bn |
| Dec 31, 2022 | 15.30 Bn |
| Sep 30, 2022 | 14.69 Bn |
| Jun 30, 2022 | 14.79 Bn |
| Mar 31, 2022 | 12.89 Bn |
| Dec 31, 2021 | 12.75 Bn |
| Sep 30, 2021 | 11.55 Bn |
API Access
Meta Platforms Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=META&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "META", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=META&period=max&api_key=YOUR_API_KEY");
const data = await res.json();