Meta Platforms (META) Operating Margin (2011 - 2026)
Meta Platforms (META) posted quarterly Operating Margin of 30.88% for Q2 2026, down 1214.0% year-over-year from 2.77% in Q2 2025, and down 23.97% quarter-over-quarter from 40.62% in Q1 2026.
Meta Platforms (META) Operating Margin (2011 - 2026) Analysis & Trends
Meta Platforms (META) has reported Operating Margin for 16 consecutive years, with 30.88% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 1214.0% year-over-year to 30.88%; the TTM figure through Jun 2026 stood at 38.08% (down 594.0% YoY), while the FY2025 annual figure was 41.44%, down 74.0% from the prior year.
- Operating Margin declined to 30.88% in Q2 2026 per META's latest filing, from 40.62% in the prior quarter.
- Across five years, Operating Margin topped out at 48.29% in Q4 2024 and bottomed at 19.89% in Q4 2022.
- Historically, Operating Margin has averaged 35.55% across 5 years, with a median of 39.04% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 1748 bps — and 2023, when it jumped 2095 bps.
- Meta Platforms' Operating Margin stood at 19.89% in 2022, then surged by 105 bps to 40.85% in 2023, then grew by 18 bps to 48.29% in 2024, then slipped by 14 bps to 41.32% in 2025, then slipped by 25 bps to 30.88% in 2026.
- Business Quant data shows META's Operating Margin at 30.88% in Q2 2026, 40.62% in Q1 2026, and 41.32% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,242.12 Bn | 3,813.08 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,520.71 Bn | 1,430.45 Bn | 49.47 Bn | 30.88% |
| 3 | Taboola.com | 1,149.19 Bn | 1,149.06 Bn | 139.48 Mn | 1.52% |
| 4 | Baidu | 286.30 Bn | 281.81 Bn | 1.88 Mn | 10.65% |
| 5 | Spotify Technology | 105.98 Bn | 95.74 Bn | 1.75 Bn | 23.32% |
| 6 | Joyy | 77.61 Bn | 76.72 Bn | 205.64 Mn | 3.14% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 18.99% |
| 8 | Nebius | 48.89 Bn | 39.26 Bn | 295.20 Mn | -32.08% |
| 9 | 30.61 Bn | 27.82 Bn | 734.60 Mn | 28.79% | |
| 10 | Tencent Music Entertainment | 26.92 Bn | 24.21 Bn | 514.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 30.88% |
| Mar 31, 2026 | 40.62% |
| Dec 31, 2025 | 41.32% |
| Sep 30, 2025 | 40.07% |
| Jun 30, 2025 | 43.02% |
| Mar 31, 2025 | 41.49% |
| Dec 31, 2024 | 48.29% |
| Sep 30, 2024 | 42.75% |
| Jun 30, 2024 | 38.00% |
| Mar 31, 2024 | 37.90% |
| Dec 31, 2023 | 40.85% |
| Sep 30, 2023 | 40.26% |
| Jun 30, 2023 | 29.35% |
| Mar 31, 2023 | 25.23% |
| Dec 31, 2022 | 19.89% |
| Sep 30, 2022 | 20.44% |
| Jun 30, 2022 | 29.00% |
| Mar 31, 2022 | 30.54% |
| Dec 31, 2021 | 37.38% |
| Sep 30, 2021 | 35.93% |