Meta Platforms Gross Profit 2010-2023 | META (2024)

Meta Platforms annual/quarterly gross profit history and growth rate from 2010 to 2023. Gross profit can be defined as the profit a company makes after deducting the variable costs directly associated with making and selling its products or providing its services.

  • Meta Platforms gross profit for the quarter ending December 31, 2023 was $32.416B, a 36.04% increase year-over-year.
  • Meta Platforms gross profit for the twelve months ending December 31, 2023 was $108.943B, a 19.25% increase year-over-year.
  • Meta Platforms annual gross profit for 2023 was $108.943B, a 19.25% increase from 2022.
  • Meta Platforms annual gross profit for 2022 was $91.36B, a 4.11% decline from 2021.
  • Meta Platforms annual gross profit for 2021 was $95.28B, a 37.54% increase from 2020.

Meta Platforms Annual Gross Profit
(Millions of US $)
2023$108,943
2022$91,360
2021$95,280
2020$69,273
2019$57,927
2018$46,483
2017$35,199
2016$23,849
2015$15,061
2014$10,313
2013$5,997
2012$3,725
2011$2,851
2010$1,481
2009$554
Meta Platforms Quarterly Gross Profit
(Millions of US $)
2023-12-31$32,416
2023-09-30$27,936
2023-06-30$26,054
2023-03-31$22,537
2022-12-31$23,829
2022-09-30$21,998
2022-06-30$23,630
2022-03-31$21,903
2021-12-31$27,323
2021-09-30$23,239
2021-06-30$23,678
2021-03-31$21,040
2020-12-31$22,861
2020-09-30$17,276
2020-06-30$14,858
2020-03-31$14,278
2019-12-31$17,590
2019-09-30$14,497
2019-06-30$13,579
2019-03-31$12,261
2018-12-31$14,118
2018-09-30$11,309
2018-06-30$11,017
2018-03-31$10,039
2017-12-31$11,362
2017-09-30$8,880
2017-06-30$8,084
2017-03-31$6,873
2016-12-31$7,762
2016-09-30$6,024
2016-06-30$5,519
2016-03-31$4,544
2015-12-31$5,017
2015-09-30$3,781
2015-06-30$3,374
2015-03-31$2,889
2014-12-31$3,198
2014-09-30$2,638
2014-06-30$2,437
2014-03-31$2,040
2013-12-31$2,095
2013-09-30$1,509
2013-06-30$1,348
2013-03-31$1,045
2012-12-31$1,187
2012-09-30$940
2012-06-30$817
2012-03-31$781
2011-12-31$884
2011-09-30$718
2011-06-30$685
2011-03-31$564
2010-12-31$581
2010-09-30$336
2010-06-30$320
2010-03-31$245
2009-12-31
SectorIndustryMarket CapRevenue
Computer and TechnologyInternet Software$1299.126B$134.902B
Meta Platforms is the world's largest social media platform. The company's portfolio offering evolved from a single Facebook app to multiple apps like photo and video sharing app Instagram and WhatsApp messaging app owing to acquisitions. Along with in-house developed Messenger, these apps now form Meta's family of products used by billions of people on a monthly basis. Meta uses metrics like daily active users (DAUs) and monthly active users (MAUs) to measure Facebook's user base. Marketers buy ads that can appear on multiple platforms including Meta, Instagram, Messenger and third-party applications and websites. Meta, thanks to its huge user base gained a significant market share in the advertising space wherein it faces tough competition from Google, Twitter, Amazon and Snapchat-parent Snap. Meta also faces significant competition from the likes of Apple (messaging), YouTube (advertising and video), Bytedance (social media) and Tencent (messaging and social media).
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Meta Platforms Gross Profit 2010-2023 | META (2024)

FAQs

What is the gross profit of Meta Platforms? ›

Meta Platforms annual gross profit for 2023 was $108.943B, a 19.25% increase from 2022. Meta Platforms annual gross profit for 2022 was $91.36B, a 4.11% decline from 2021. Meta Platforms annual gross profit for 2021 was $95.28B, a 37.54% increase from 2020.

Are Meta Platforms profitable? ›

Meta Platforms Inc. earned $12.37 billion, or $4.71 per share, in the January-March period. That's up from $5.71 billion, or $2.20 per share, in the same period a year earlier. Revenue rose 27% to $36.46 billion from $28.65 billion.

What is the profitability ratio of meta? ›

META Profitability Grade
TypeGradeMETA
Gross Profit Margin (TTM)A81.50%
EBIT Margin (TTM)A+39.53%
EBITDA Margin (TTM)view ratings47.96%
Net Income Margin (TTM)view ratings32.06%
9 more rows

What is the profit margin on meta stocks? ›

Meta Platforms Profit Margin (Quarterly): 33.93% for March 31, 2024.

What is the gross margin for meta? ›

Meta Platforms Gross Profit Margin (Quarterly): 81.79% for March 31, 2024.

What is Meta's largest source of revenue? ›

The majority of Meta's profits come from its advertising revenue, which amounted to 131.9 billion U.S. dollars in 2022. Meta's total Family of Apps revenue for 2022 amounted to 114 billion U.S. dollars.

Is Meta losing or profiting? ›

Meta loses $200 billion in value, Zuckerberg focuses on AI, metaverse.

Has Facebook ever made a profit? ›

Facebook Profit

Facebook reported $39 billion net profit in 2023, an increase on the $23.1 billion it made last year.

How much debt does Meta Platforms have? ›

Total debt on the balance sheet as of March 2024 : $37.63 B

According to Meta Platforms (Facebook)'s latest financial reports the company's total debt is $37.63 B.

What is a good gross profit margin? ›

But for other businesses, like financial institutions, legal firms or other service industry companies, a gross profit margin of 50% might be considered low. Law firms, banks, technology businesses and other service industry companies typically report gross profit margins in the high-90% range.

What is the financial ratio of Meta Platforms? ›

Meta Platforms key financial stats and ratios

META price-to-sales ratio is 8.78. The company has an Enterprise Value to EBITDA ratio of 17.05. As of 2023 they employed 67.32 k people.

What profit margin is too high? ›

An NYU report on U.S. margins revealed the average net profit margin is 7.71% across different industries. But that doesn't mean your ideal profit margin will align with this number. As a rule of thumb, 5% is a low margin, 10% is a healthy margin, and 20% is a high margin.

Is 80% a good profit margin? ›

A gross profit margin of over 50% is healthy for most businesses. In some industries and business models, a gross margin of up to 90% can be achieved. Gross margins of less than 30% can be dangerous for businesses with high gross costs.

What is the biggest profit margin? ›

According to NYU Stern, the financial sector has come out as the most profitable sector with banks reporting gross profits of almost 100%. The net income for the same sector lies around 30%. Followed by financials, is the oil and gas industry with net profits nearing 28.26% and gross margins of 58.75%.

What is the annual net profit of meta? ›

Meta Platforms annual net income for 2023 was $39.098B, a 68.53% increase from 2022. Meta Platforms annual net income for 2022 was $23.2B, a 41.07% decline from 2021. Meta Platforms annual net income for 2021 was $39.37B, a 35.08% increase from 2020.

What is the net worth of Meta platform? ›

Meta Platforms has a market cap or net worth of $1.29 trillion as of June 12, 2024. Its market cap has increased by 84.61% in one year.

How much cash does Meta Platforms have? ›

Cash on Hand as of March 2024 : $58.12 B

According to Meta Platforms (Facebook)'s latest financial reports the company has $58.12 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

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