Meta Platforms (META) Research & Development (2011 - 2026)
Meta Platforms (META) posted Research & Development of $21.66 billion for Q2 2026, up 67.3% from $12.94 billion a year earlier and up 22.4% from the prior quarter.
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Analysis
Meta Platforms (META) Research & Development (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Meta Platforms was $71.63 billion, up 47.9% year-over-year; for FY2025, it came in at $57.37 billion, up 30.8% from FY2024.
- Annual Research & Development has increased for 15 consecutive years, with a five-year compound annual growth rate of 25.5% (FY2020 to FY2025).
- In prior years, Meta Platforms' Research & Development was $43.87 billion in FY2024 (+14.0%), $38.48 billion in FY2023 (+8.9%), $35.34 billion in FY2022 (+43.3%) and $24.66 billion in FY2021 (+33.7%).
- The Q2 2026 figure stands as the highest quarterly Research & Development in data going back to Q2 2011.
- On a year-over-year basis, Research & Development has increased in each of the last 52 quarters, with growth averaging 33.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Research & Development ran from 0.8% in Q3 2023 to 67.3% in Q2 2026.
- According to Business Quant data, Research & Development for the three prior quarters was $17.7 billion (Q1 2026), $17.14 billion (Q4 2025) and $15.14 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,273.02 Bn | 4,030.55 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,882.67 Bn | 1,585.19 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 258.66 Bn | 82.26 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 221.29 Bn | 198.47 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 145.86 Bn | 117.84 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 120.48 Bn | 53.53 Bn | - | - |
| 8 | PDD Holdings | 115.79 Bn | -126.92 Bn | 9.45 Bn | -673.00 Mn |
| 9 | Spotify Technology | 108.98 Bn | 66.21 Bn | 1.86 Bn | 468.43 Mn |
| 10 | Airbnb | 97.86 Bn | 51.09 Bn | 2.98 Bn | 672.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.66 Bn |
| Mar 31, 2026 | 17.70 Bn |
| Dec 31, 2025 | 17.14 Bn |
| Sep 30, 2025 | 15.14 Bn |
| Jun 30, 2025 | 12.94 Bn |
| Mar 31, 2025 | 12.15 Bn |
| Dec 31, 2024 | 12.18 Bn |
| Sep 30, 2024 | 11.18 Bn |
| Jun 30, 2024 | 10.54 Bn |
| Mar 31, 2024 | 9.98 Bn |
| Dec 31, 2023 | 10.52 Bn |
| Sep 30, 2023 | 9.24 Bn |
| Jun 30, 2023 | 9.34 Bn |
| Mar 31, 2023 | 9.38 Bn |
| Dec 31, 2022 | 9.77 Bn |
| Sep 30, 2022 | 9.17 Bn |
| Jun 30, 2022 | 8.69 Bn |
| Mar 31, 2022 | 7.71 Bn |
| Dec 31, 2021 | 7.05 Bn |
| Sep 30, 2021 | 6.32 Bn |
API Access
Meta Platforms Research & Development 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=research-and-development&ticker=META&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=META&period=max&api_key=YOUR_API_KEY");
const data = await res.json();