META·NASDAQ·USD
Advertising platforms, social applications and Reality LabsBusiness mechanism
Daily history updates are delayed. Available history through 2026-10-23 remains visible; a current quote does not establish that daily history has been updated.
Requests to the historical-data source are rate limited, delaying daily-price updates. Existing verified periods are retained; trading days not yet retrieved are not fabricated.
The history starts with the provider’s first actual observation; this starting point is not a verified initial listing date.
The earliest available price is not proof of the listing date. Coverage since listing remains unverified.
Trading dates checked for 2012-05-18 — 2026-10-23: all 3,629 expected dates are present. Complete dates do not establish independent verification of every price.
Security basis: The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately. Historical closes use the provider's split adjustments and exclude dividend distributions. Full-history adjustment factors have not been independently recalculated. Price changes do not represent total returns including dividends.
first-provider-observation-listing-date-not-verified
History update reason: source-rate-limited-until 2026-10-28T04:39:08.620Z
Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.
Compare growth, earnings, cash flow and capital investment for aligned reporting periods to examine company-wide financial drivers. Calculation inputs and original filings remain available.
2017-03-31 — 2026-09-30 · Valid observations: 308. These observations analyze public financial data; they are not a standalone sector research report, score or price target. Company-wide figures do not replace segment, product or contract disclosures.
Time rangeMETA Share price
Each panel has its own value axis; dates and the cursor are synchronized. Operating data appear only on their observed dates; other dates are left blank. US daily prices are checked against the verified 1997–2027 trading calendar. A missing expected trading day breaks the line; weekends and recorded exchange holidays do not. Operating data are positioned at the actual period end, which is not necessarily the date of public disclosure. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.
| Reporting period end | Operating margin% · Calculated from disclosures | Net margin% · Calculated from disclosures | (CFO − cash purchases of PP&E) / revenue% · Calculated from disclosures |
|---|---|---|---|
| 2026-09-302026-09-30 | 20.10%Basis · Calculated from disclosuresSource version date: 2026-10-22 View calculation inputs · 4 items
| 15.26%Basis · Calculated from disclosuresSource version date: 2026-10-22 View calculation inputs · 4 items
| -1.79%Basis · Calculated from disclosuresSource version date: 2026-10-22 View calculation inputs · 5 items
|
| 2026-06-302026-06-30 | 30.88%Basis · Calculated from disclosuresSource version date: 2026-07-30 View calculation inputs · 4 items
| 26.07%Basis · Calculated from disclosuresSource version date: 2026-07-30 View calculation inputs · 4 items
| 2.87%Basis · Calculated from disclosuresSource version date: 2026-07-30 View calculation inputs · 5 items
|
| 2026-03-312026-03-31 | 40.62%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
| 47.54%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 4 items
| 23.49%Basis · Calculated from disclosuresSource version date: 2026-04-30 View calculation inputs · 5 items
|
| 2025-12-312025-12-31 | 41.32%Basis · Calculated from disclosuresSource version date: 2026-10-22 View calculation inputs · 4 items
| 38.01%Basis · Calculated from disclosuresSource version date: 2026-10-22 View calculation inputs · 4 items
| 24.76%Basis · Calculated from disclosuresSource version date: 2026-10-22 View calculation inputs · 5 items
|
Operating income / revenue × 100
Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
Selected net-income concept / revenue × 100
May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
(Operating cash flow − cash purchases of PP&E) / revenue × 100
A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations.
Calculated from disclosures · %
Where revenue comes from and which operating changes still require verification.
Meta monetizes primarily through advertising in its Family of Apps, including Facebook, Instagram, Messenger and WhatsApp. Reality Labs operates hardware, software and content related to virtual and augmented reality. AI investment primarily supports recommendations, advertising and product experiences; Meta should not be classified as a vendor of general-purpose cloud services to external customers. [1]
| Operating mechanism | How operating results are affected | Verifiable metrics |
|---|---|---|
| Advertising revenue depends on impressions and pricing | Impression growth and average pricing jointly explain revenue changes. Multiplying the two year-over-year growth factors yields only an approximation; rounding in the original disclosures and geographic and product mix still matter. [1] | |
| Assess the benefits of AI investment through advertising results first | After capital investment expands, cash spending, depreciation, and third-party cloud and model expenses enter the financial statements at different times. One-time legal expenses should not also be classified as AI operating costs. [1] |
Up to 6GW Instinct + warrants for 160m shares · zero vested; AMD said on 2026-10-12 that initial Helios systems were operating. Existing capacity ceilings are not fully delivered volumes; warrant vesting remains dated to the original filing. [2]
Signed or existingNuclear PPA · Clinton Clean Energy Center (IL) · 1,121MW · 20 years · delivery from 2027-06 · price not disclosed [3]
Signed or existingLead partner and co-developer of the Arm AGI CPU · multi-generation roadmap · runs alongside Meta's own custom silicon, supporting its family of apps for more than 3 billion users [5]
Framework or indication of intentMulti-generation MTIA custom accelerator co-development and supply · initial commitment >1GW (first phase of a sustained multi-gigawatt rollout) · scope covers chip design, advanced packaging and networking · 3 generations through end-2027 · line of sight to 3GW through 2028 [6]
Signed or existingDCOM data-center out-of-band management · Meta as lead/anchor customer · shipping at scale [7]
Signed or existingOperating leases on the Hyperion campus from the unconsolidated JV · leases commence in 2029 · aggregate initial lease commitment of approximately $12.31bn · four-year initial terms with renewal options up to 20 years · Meta also provides residual value guarantees with an aggregate threshold of approximately $28bn that decreases over the first 16 years · unconsolidated VIE with maximum exposure to loss of approximately $46.03bn (carrying value $2.92bn plus lease commitments, funding obligations and the RVG threshold) [9]
Signed or existingMulti-year, multi-generation agreement announced 2026-06-24 under which Qualcomm Technologies becomes a supplier of data center CPUs for Meta; the Qualcomm Dragonfly C1000 is planned to power Meta's next-generation server fleet; volumes, timing and dollar amounts not disclosed [11]
Signed or existingMultiyear agreement announced 2026-01-27 · Corning to supply latest-generation optical fiber, cable and connectivity for Meta's US data centers · up to $6bn · expands Hickory, North Carolina manufacturing [12]
Signed or existingNextEra Energy Resources and Meta reached roughly 2.5 GW with the signing of 11 power purchase agreements and two energy storage agreements, including 2.1 GW of solar across nine projects in ERCOT, SPP and MISO plus 190 MW of solar and 168 MW of battery storage across four New Mexico projects, coming online between 2026 and 2028 on top of nearly 500 MW of operating projects Meta already supports. [13]
Signed or existingPower purchase agreement · Starling Solar, Gonzales County, Texas (ERCOT) · 144 MW · Meta takes exclusive rights to all environmental attributes of the project's output, including all renewable energy credits · commercial operation expected 2027 · seventh Apex–Meta transaction, combined portfolio ~1,200 MW across TX, VA, IL, KS and IA · term and pricing undisclosed [14]
Signed or existingPetal transoceanic subsea cable system build · US–France, ~7,000 km · first transoceanic cable at 1 Pb/s using multi-core fiber, double the capacity of today's most advanced transoceanic cables · Meta states Petal will be built in partnership with NEC (subsea cable systems specialist) and Sumitomo Electric Industries · ready for service 2029 · contract value undisclosed [15]
Signed or existingMulti-core fiber supply for the Petal subsea cable · Meta states it is working with Sumitomo Electric Industries (one of the world's leading fiber producers) to develop Petal, built together with NEC · US–France ~7,000 km, 1 Pb/s, first multi-core-fiber system deployed at transoceanic distance · ready for service 2029 · volumes and value undisclosed [16]
Signed or existingHyperion data center joint venture · Richland Parish, Louisiana campus · funds managed by Blue Owl Capital hold 80%, Meta retains 20% · approximately $27bn of total development costs for buildings and infrastructure · Blue Owl contributed roughly $7bn of cash and Meta received a ~$3bn one-time distribution · Meta provides construction and property management services [8]
Signed or existingEl Paso, Texas data center campus joint venture (subsequent event) · partner to hold 80%, Meta 20% · Meta to contribute approximately $2.3bn of held-for-sale assets (mainly construction in progress and land, net of liabilities) and receive a one-time distribution of approximately $1bn at closing · Meta to lease the developed properties and provide residual value guarantees with maximum aggregate exposure of approximately $13bn · partner not named in the filing · subject to definitive agreements, expected to close in Q3 2026 [10]
Pending signaturePrepayment agreement (not a PPA) · 1.2GW campus in Pike County, Ohio · Meta prepays for power and funds the powerhouse deployment · amount not disclosed · phase 1 online 2030 at the earliest, full volume not until 2034 [4]
Signed or existingContinue checking facts that could change the conclusions; no hypothetical thresholds are assigned to observations without reliable inputs.
In the next period, check whether impressions, pricing and advertising revenue are consistent, and review geographic mix and changes in products such as Reels. [1]
The Q3 2026 source document reports $9.89 billion in legal agreement expenses. Until results have been normalized, the quarter's profit movement should not be treated as a continuing business trend. [1]
If improvements in impressions and pricing cannot cover additional infrastructure and operating costs, the conclusion that AI investment has improved profitability does not hold. One-time effects supported by source documents must first be removed. [1]
Candlesticks, volume and cross-company prices
Quote 2026-10-27Market cap retrieved 2026-10-28Financial period end 2026-09-30
Public financial and operating analysis is available. Standalone research has not yet been published; exploreOperating data、Financial comparison and SourceSource document。
Select two specific periods to compare changes in scale, earnings and cash.
| Line item | Current period | Comparison period | Amount change | Growth |
|---|---|---|---|---|
| RevenueRecognized revenue; growth is calculated only when the comparison-period base is positive | 64.60 B | 60.80 B | +3.80 B | +6.25% |
| Operating incomeOperating margin 20.10% · Change -10.77 percentage points | 12.99 B | 18.78 B | -5.79 B | -30.82% |
| Net incomeNet margin 15.26% · Change -10.80 percentage points | 9.86 B | 15.85 B | -5.99 B | -37.78% |
| Operating cash flowOperating cash flow / revenue 50.75% · Change -1.65 percentage points | 32.79 BDerived by subtractionRaw value 32,785,000,000.00 USD 2026-07-01 — 2026-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 31.86 BDerived by subtractionRaw value 31,862,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| +923.00 M | +2.90% |
| Capital expenditureCapital expenditure / revenue 52.54% · Change +3.01 percentage points | 33.94 BDerived by subtractionRaw value 33,942,000,000.00 USD 2026-07-01 — 2026-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 30.12 BDerived by subtractionRaw value 30,116,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| +3.83 B | +12.70% |
The change is the current value minus the comparison value; it is not automatically classified as year-over-year or quarter-over-quarter. Select a value to inspect reporting dates, filing versions and reconstruction inputs.
Time rangeRevenue
Series with the same unit and frequency share a value axis. Each column compares observations with matching period boundaries and units. Records that fail those checks remain blank. Drag within the chart to zoom and move the range window below to pan. Quarterly values are not filled across other trading days.
Scroll to see all periods; select a value to open its source →
| Reporting period end · USD | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 | 2019-03-31 | 2019-06-30 | 2019-09-30 | 2019-12-31 | 2020-03-31 | 2020-06-30 | 2020-09-30 | 2020-12-31 | 2021-03-31 | 2021-06-30 | 2021-09-30 | 2021-12-31 | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 | 2026-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.03 B | 9.32 B | 10.33 B | 12.97 BDerived by subtractionRaw value 12,972,000,000.00 USD 2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 11.97 B | 13.23 B | 13.73 B | 16.91 BDerived by subtractionRaw value 16,914,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 15.08 B | 16.89 B | 17.65 B | 21.08 BDerived by subtractionRaw value 21,082,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 17.74 B | 18.69 B | 21.47 B | 28.07 BDerived by subtractionRaw value 28,072,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 26.17 B | 29.08 B | 29.01 B | 33.67 BDerived by subtractionRaw value 33,671,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 27.91 B | 28.82 B | 27.71 B | 32.17 BDerived by subtractionRaw value 32,165,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 28.65 B | 32.00 B | 34.15 B | 40.11 BDerived by subtractionRaw value 40,111,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 36.46 B | 39.07 B | 40.59 B | 48.39 BDerived by subtractionRaw value 48,385,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 42.31 B | 47.52 B | 51.24 B | 59.89 BDerived by subtractionRaw value 59,893,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 56.31 B | 60.80 B | 64.60 B |
| Gross profit | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 3.33 B | 4.40 B | 5.12 B | 7.35 BDerived by subtractionRaw value 7,352,000,000.00 USD 2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 5.45 B | 5.86 B | 5.78 B | 7.82 BDerived by subtractionRaw value 7,820,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 3.32 B | 4.63 B | 7.19 B | 8.86 BDerived by subtractionRaw value 8,858,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 5.89 B | 5.96 B | 8.04 B | 12.78 BDerived by subtractionRaw value 12,775,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 11.38 B | 12.37 B | 10.42 B | 12.59 BDerived by subtractionRaw value 12,585,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 8.52 B | 8.36 B | 5.66 B | 6.40 BDerived by subtractionRaw value 6,399,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 7.23 B | 9.39 B | 13.75 B | 16.38 BDerived by subtractionRaw value 16,384,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 13.82 B | 14.85 B | 17.35 B | 23.36 BDerived by subtractionRaw value 23,364,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 17.56 B | 20.44 B | 20.54 B | 24.75 BDerived by subtractionRaw value 24,745,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 22.87 B | 18.78 B | 12.99 B |
| Net income | 3.06 B | 3.89 B | 4.71 B | 4.27 BDerived by subtractionRaw value 4,269,000,000.00 USD 2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 4.99 B | 5.11 B | 5.14 B | 6.88 BDerived by subtractionRaw value 6,882,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 2.43 B | 2.62 B | 6.09 B | 7.35 BDerived by subtractionRaw value 7,349,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 4.90 B | 5.18 B | 7.85 B | 11.22 BDerived by subtractionRaw value 11,219,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 9.50 B | 10.39 B | 9.19 B | 10.29 BDerived by subtractionRaw value 10,285,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 7.47 B | 6.69 B | 4.40 B | 4.65 BDerived by subtractionRaw value 4,653,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 5.71 B | 7.79 B | 11.58 B | 14.02 BDerived by subtractionRaw value 14,017,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 12.37 B | 13.47 B | 15.69 B | 20.84 BDerived by subtractionRaw value 20,838,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 16.64 B | 18.34 B | 2.71 B | 22.77 BDerived by subtractionRaw value 22,768,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 26.77 B | 15.85 B | 9.86 B |
| Operating cash flow | 5.06 B | 5.36 BDerived by subtractionRaw value 5,360,000,000.00 USD 2017-04-01 — 2017-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 6.13 BDerived by subtractionRaw value 6,127,000,000.00 USD 2017-07-01 — 2017-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 7.67 BDerived by subtractionRaw value 7,671,000,000.00 USD 2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 7.86 B | 6.30 BDerived by subtractionRaw value 6,298,000,000.00 USD 2018-04-01 — 2018-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 7.50 BDerived by subtractionRaw value 7,498,000,000.00 USD 2018-07-01 — 2018-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 7.62 BDerived by subtractionRaw value 7,618,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 9.31 B | 8.62 BDerived by subtractionRaw value 8,616,000,000.00 USD 2019-04-01 — 2019-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 9.31 BDerived by subtractionRaw value 9,307,000,000.00 USD 2019-07-01 — 2019-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 9.08 BDerived by subtractionRaw value 9,083,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 11.00 B | 3.88 BDerived by subtractionRaw value 3,877,000,000.00 USD 2020-04-01 — 2020-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 9.83 BDerived by subtractionRaw value 9,829,000,000.00 USD 2020-07-01 — 2020-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 14.04 BDerived by subtractionRaw value 14,040,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 12.24 B | 13.25 BDerived by subtractionRaw value 13,247,000,000.00 USD 2021-04-01 — 2021-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 14.09 BDerived by subtractionRaw value 14,090,000,000.00 USD 2021-07-01 — 2021-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 18.10 BDerived by subtractionRaw value 18,104,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 14.08 B | 12.20 BDerived by subtractionRaw value 12,196,000,000.00 USD 2022-04-01 — 2022-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 9.69 BDerived by subtractionRaw value 9,692,000,000.00 USD 2022-07-01 — 2022-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 14.51 BDerived by subtractionRaw value 14,511,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 14.00 B | 17.31 BDerived by subtractionRaw value 17,309,000,000.00 USD 2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 20.40 BDerived by subtractionRaw value 20,402,000,000.00 USD 2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 19.40 BDerived by subtractionRaw value 19,404,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 19.25 B | 19.37 BDerived by subtractionRaw value 19,370,000,000.00 USD 2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 24.72 BDerived by subtractionRaw value 24,724,000,000.00 USD 2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 27.99 BDerived by subtractionRaw value 27,988,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 24.03 B | 25.56 BDerived by subtractionRaw value 25,561,000,000.00 USD 2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 30.00 BDerived by subtractionRaw value 29,999,000,000.00 USD 2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 36.21 BDerived by subtractionRaw value 36,214,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 32.23 B | 31.86 BDerived by subtractionRaw value 31,862,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 32.79 BDerived by subtractionRaw value 32,785,000,000.00 USD 2026-07-01 — 2026-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
|
| Capital expenditure | 1.27 B | 1.44 BDerived by subtractionRaw value 1,444,000,000.00 USD 2017-04-01 — 2017-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 1.76 BDerived by subtractionRaw value 1,755,000,000.00 USD 2017-07-01 — 2017-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 2.26 BDerived by subtractionRaw value 2,263,000,000.00 USD 2017-10-01 — 2017-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 2.81 B | 3.46 BDerived by subtractionRaw value 3,460,000,000.00 USD 2018-04-01 — 2018-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 3.34 BDerived by subtractionRaw value 3,342,000,000.00 USD 2018-07-01 — 2018-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 4.30 BDerived by subtractionRaw value 4,301,000,000.00 USD 2018-10-01 — 2018-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 3.84 B | 3.63 BDerived by subtractionRaw value 3,633,000,000.00 USD 2019-04-01 — 2019-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 3.53 BDerived by subtractionRaw value 3,532,000,000.00 USD 2019-07-01 — 2019-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 4.10 BDerived by subtractionRaw value 4,100,000,000.00 USD 2019-10-01 — 2019-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 3.56 B | 3.26 BDerived by subtractionRaw value 3,255,000,000.00 USD 2020-04-01 — 2020-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 3.69 BDerived by subtractionRaw value 3,689,000,000.00 USD 2020-07-01 — 2020-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 4.66 BDerived by subtractionRaw value 4,661,000,000.00 USD 2020-10-01 — 2020-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 4.30 B | 4.64 BDerived by subtractionRaw value 4,641,000,000.00 USD 2021-04-01 — 2021-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 4.35 BDerived by subtractionRaw value 4,346,000,000.00 USD 2021-07-01 — 2021-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 5.40 BDerived by subtractionRaw value 5,400,000,000.00 USD 2021-10-01 — 2021-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 5.44 B | 7.57 BDerived by subtractionRaw value 7,572,000,000.00 USD 2022-04-01 — 2022-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 9.38 BDerived by subtractionRaw value 9,375,000,000.00 USD 2022-07-01 — 2022-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 8.80 BDerived by subtractionRaw value 8,798,000,000.00 USD 2022-10-01 — 2022-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 6.82 B | 6.13 BDerived by subtractionRaw value 6,134,000,000.00 USD 2023-04-01 — 2023-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 6.50 BDerived by subtractionRaw value 6,496,000,000.00 USD 2023-07-01 — 2023-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 7.59 BDerived by subtractionRaw value 7,592,000,000.00 USD 2023-10-01 — 2023-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 6.40 B | 8.17 BDerived by subtractionRaw value 8,173,000,000.00 USD 2024-04-01 — 2024-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 8.26 BDerived by subtractionRaw value 8,258,000,000.00 USD 2024-07-01 — 2024-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 14.43 BDerived by subtractionRaw value 14,425,000,000.00 USD 2024-10-01 — 2024-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 12.94 B | 16.54 BDerived by subtractionRaw value 16,538,000,000.00 USD 2025-04-01 — 2025-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 18.83 BDerived by subtractionRaw value 18,829,000,000.00 USD 2025-07-01 — 2025-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 21.38 BDerived by subtractionRaw value 21,383,000,000.00 USD 2025-10-01 — 2025-12-31 · USD · Reconstructed from cumulative disclosures Fourth quarter reconstructed: full year − first nine months
| 19.00 B | 30.12 BDerived by subtractionRaw value 30,116,000,000.00 USD 2026-04-01 — 2026-06-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
| 33.94 BDerived by subtractionRaw value 33,942,000,000.00 USD 2026-07-01 — 2026-09-30 · USD · Reconstructed from cumulative disclosures Quarter reconstructed: current cumulative value − previous cumulative value
|
Comparison columns require aligned period boundaries, currency and duration. Blank values are not zero; directly reported quarters and cumulative reconstructions are distinguished. A non-positive comparison base is shown as an amount change without a percentage growth rate.
View filing sourceCompleted events, conditional arrangements and the document versions used are listed separately.
Petal transoceanic subsea cable system build · US–France, ~7,000 km · first transoceanic cable at 1 Pb/s using multi-core fiber, double the capacity of today's most advanced transoceanic cables · Meta states Petal will be built in partnership with NEC (subsea cable systems specialist) and Sumitomo Electric Industries · ready for service 2029 · contract value undisclosed [15]
Multi-core fiber supply for the Petal subsea cable · Meta states it is working with Sumitomo Electric Industries (one of the world's leading fiber producers) to develop Petal, built together with NEC · US–France ~7,000 km, 1 Pb/s, first multi-core-fiber system deployed at transoceanic distance · ready for service 2029 · volumes and value undisclosed [16]
Power purchase agreement · Starling Solar, Gonzales County, Texas (ERCOT) · 144 MW · Meta takes exclusive rights to all environmental attributes of the project's output, including all renewable energy credits · commercial operation expected 2027 · seventh Apex–Meta transaction, combined portfolio ~1,200 MW across TX, VA, IL, KS and IA · term and pricing undisclosed [14]
Operating leases on the Hyperion campus from the unconsolidated JV · leases commence in 2029 · aggregate initial lease commitment of approximately $12.31bn · four-year initial terms with renewal options up to 20 years · Meta also provides residual value guarantees with an aggregate threshold of approximately $28bn that decreases over the first 16 years · unconsolidated VIE with maximum exposure to loss of approximately $46.03bn (carrying value $2.92bn plus lease commitments, funding obligations and the RVG threshold) [9]
El Paso, Texas data center campus joint venture (subsequent event) · partner to hold 80%, Meta 20% · Meta to contribute approximately $2.3bn of held-for-sale assets (mainly construction in progress and land, net of liabilities) and receive a one-time distribution of approximately $1bn at closing · Meta to lease the developed properties and provide residual value guarantees with maximum aggregate exposure of approximately $13bn · partner not named in the filing · subject to definitive agreements, expected to close in Q3 2026 [10]
Multi-year, multi-generation agreement announced 2026-06-24 under which Qualcomm Technologies becomes a supplier of data center CPUs for Meta; the Qualcomm Dragonfly C1000 is planned to power Meta's next-generation server fleet; volumes, timing and dollar amounts not disclosed [11]
DCOM data-center out-of-band management · Meta as lead/anchor customer · shipping at scale [7]
Lead partner and co-developer of the Arm AGI CPU · multi-generation roadmap · runs alongside Meta's own custom silicon, supporting its family of apps for more than 3 billion users [5]
Multi-generation MTIA custom accelerator co-development and supply · initial commitment >1GW (first phase of a sustained multi-gigawatt rollout) · scope covers chip design, advanced packaging and networking · 3 generations through end-2027 · line of sight to 3GW through 2028 [6]
Multiyear agreement announced 2026-01-27 · Corning to supply latest-generation optical fiber, cable and connectivity for Meta's US data centers · up to $6bn · expands Hickory, North Carolina manufacturing [12]
Prepayment agreement (not a PPA) · 1.2GW campus in Pike County, Ohio · Meta prepays for power and funds the powerhouse deployment · amount not disclosed · phase 1 online 2030 at the earliest, full volume not until 2034 [4]
NextEra Energy Resources and Meta reached roughly 2.5 GW with the signing of 11 power purchase agreements and two energy storage agreements, including 2.1 GW of solar across nine projects in ERCOT, SPP and MISO plus 190 MW of solar and 168 MW of battery storage across four New Mexico projects, coming online between 2026 and 2028 on top of nearly 500 MW of operating projects Meta already supports. [13]
Hyperion data center joint venture · Richland Parish, Louisiana campus · funds managed by Blue Owl Capital hold 80%, Meta retains 20% · approximately $27bn of total development costs for buildings and infrastructure · Blue Owl contributed roughly $7bn of cash and Meta received a ~$3bn one-time distribution · Meta provides construction and property management services [8]
This page cites periods ending through 2026-09-30. The same document includes multiple comparison periods.
This page cites periods ending through 2026-06-30. The same document includes multiple comparison periods.
This page cites periods ending through 2026-03-31. The same document includes multiple comparison periods.
This page cites periods ending through 2025-12-31. The same document includes multiple comparison periods.
This page cites periods ending through 2024-09-30.
This page cites periods ending through 2024-06-30.
Showing the latest 6 recorded source versions. Find the remaining 52 in Source values in the full financial table.
Trace supply and demand through contract performance, operating metrics and cash attribution.
Downstream demand: no records under the current criteria; this does not establish that a business relationship is absent.
Goods and services are arranged from supplier to customer; capital is shown separately. Select a relationship to inspect its evidence and operating mechanism. Second-degree paths do not establish guarantees or certain revenue.
| Economic direction / relationship type | Status / record date | Recorded amount | Capacity basis | Evidence source |
|---|---|---|---|---|
| Signed / existing2026-09-21 | No attributable amount providedAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-09-21 | No attributable amount providedAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-09-16 | No attributable amount providedAmount classification not yet structured | 144 MWSee the record for capacity definitions and conditions | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-07-30 | USD 12.31 billionAmount associated with the contract relationship | Not structured | A · Original filingCheck public source ↗ | |
| Pending signature2026-07-30 | USD 1 billionAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2026-06-24 | No attributable amount providedAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-06-04 | No attributable amount providedAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ | |
| Framework / intent2026-05-06 | No attributable amount providedAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2026-04-14 | No attributable amount providedAmount classification not yet structured | 1 GWSee the record for capacity definitions and conditions | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-01-27 | USD 6 billionAmount classification not yet structured | Not structured | B · Company / mediaCheck public source ↗ | |
| Signed / existing2026-01-05 | No attributable amount providedAmount classification not yet structured | Not structured | A · Original filingCheck public source ↗ | |
| Signed / existing2025-12-08 | No attributable amount providedAmount classification not yet structured | 2.5 GWSee the record for capacity definitions and conditions | B · Company / mediaCheck public source ↗ |
Upstream supply · Lease contract
Operating leases on the Hyperion campus from the unconsolidated JV
Recorded as signed or existing; performance progress requires separate verification
Contract duration, revenue recognition and cash collection do not follow the same schedule. Dividing the total by the contract term is not a substitute for actual period results. The graph's USD field retains its stored value; the original wording determines whether an amount is exact, approximate, a floor or a cap.
Relationship counts, capacity and total contract value are not measures of revenue or procurement concentration.
Operating leases on the Hyperion campus from the unconsolidated JV · leases commence in 2029 · aggregate initial lease commitment of approximately $12.31bn · four-year initial terms with renewal options up to 20 years · Meta also provides residual value guarantees with an aggregate threshold of approximately $28bn that decreases over the first 16 years · unconsolidated VIE with maximum exposure to loss of approximately $46.03bn (carrying value $2.92bn plus lease commitments, funding obligations and the RVG threshold)
Meta Platforms Q2 2026 Form 10-Q, Non-Marketable Equity Investments note
The excerpts below come from this record. Verify signed status separately from actual completion.
The amount associated with a relationship cannot substitute for the company's revenue, earnings or stock-price impact. Applies to this relationship; the original document determines the specific legal entities and attribution.
Analytical framework, not a realized impact
META purchases products or services from Blue Owl under an offtake arrangement; first distinguish leases, cloud services and other offtake arrangements.
Track delivery, lease commencement or service activation, cancellation conditions and renewal options for each tranche.
Present the nominal contract amount, revenue recognized during the period, cash receipts and spending to fulfill the contract separately.
Verify the effective contract term, capital investment and financing attribution before estimating cash attributable to shareholders.
Cross-check relationship events against subsequent disclosures of company revenue, costs, working capital and cash flows; movements in the same direction alone do not establish causation.
Review procurement, customer and capital relationships separately. The same cooperation may appear in multiple records; the amounts are not automatically additive.
| Relationship type | Status / date | Evidence source |
|---|---|---|
| Signed / existing | B · Company / media |
Metrics test operating processes; an overall change cannot be attributed to a single relationship. Expand the definitions to check calculation methods and their applicable boundaries.
Can revenue growth translate into earnings attributable to shareholders?
Preserve the distinctions relating to depreciation, stock-based compensation, adjustments and segments. The company's margin cannot be applied as this contract's margin.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Operating margin ↗2026-09-30 · Research calculation | 20.1% | Definition and boundariesOperating income / revenue × 100 Uses reported operating income, not adjusted earnings. Differences in expense classification can still limit comparisons across companies. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Net margin ↗2026-09-30 · Research calculation | 15.26% | Definition and boundariesSelected net-income concept / revenue × 100 May reflect differences in non-controlling interests, taxes and one-time gains or losses. The specific net-income concept is retained for each observation. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Operating cash flow / revenue ↗2026-09-30 · Research calculation | 50.75% | Definition and boundariesOperating cash flow / revenue × 100 Shows operating cash inflows and outflows, including working capital and taxes. It is neither a contract collection rate nor cash available for shareholder distribution. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| (CFO − cash purchases of PP&E) / revenue ↗2026-09-30 · Research calculation | -1.79% | Definition and boundaries(Operating cash flow − cash purchases of PP&E) / revenue × 100 A free-cash-flow proxy deducting only identified PP&E purchases. It does not deduct acquisitions, capital prepayments, intangible assets or lease principal, and does not establish cash distributable to common shareholders. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
How much cash is required for construction and procurement before delivery?
Compare prepayments, cash capital expenditure and commissioning plans. Current-period revenue is not a substitute for a full investment-recovery calculation.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Cash purchases of PP&E / revenue ↗2026-09-30 · Research calculation | 52.54% | Definition and boundariesCash purchases of PP&E / revenue × 100 Identified cash purchases of PP&E, excluding non-cash additions. Maintenance and expansion investment are not separated. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Capital expenditures (including finance lease principal) ↗2026Q3 · Reported data | 34,910 USD million | Definition and boundariesDirectly reported in the source document This differs from a measure limited to cash purchases of PP&E. Figures from different cloud providers cannot be mixed directly in a ranking. |
What verifiable information does this metric provide about this relationship?
Use the metric's definition and original inputs. Quantitative attribution to this relationship has not been established.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Revenue growth YoY ↗2026-09-30 · Research calculation | 26.07% | Definition and boundaries(Current-period revenue / comparable prior-year revenue − 1) × 100 Requires the same concept and currency for equal-length periods one year apart, with positive prior-year revenue. A 53-week versus 52-week year may still differ by one week; no daily adjustment is made. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Operating cash flow / net income ↗2026-09-30 · Research calculation | 3.33 x | Definition and boundariesOperating cash flow / net income（Net income > 0） Examines cash conversion when earnings are positive. No multiple is calculated when net income is non-positive; taxes, non-cash charges and working capital can all cause divergence. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| (Net income − operating cash flow) / revenue ↗2026-09-30 · Research calculation | -35.49% | Definition and boundaries(Net income − operating cash flow) / revenue × 100 The amount difference divided by revenue. This is not the Sloan accrual ratio or an earnings-manipulation score. A positive value only indicates that earnings exceed operating cash flow for the same period. Uses explicit period boundaries, the reported currency and the selected SEC concept. Cumulative reconstructions retain signed inputs. The filing-version date is not a verified first-disclosure date. Missing values are neither replaced with zero nor interpolated into daily observations. |
| Ad impressions growth YoY ↗2026Q3 · Reported data | 10% | Definition and boundariesDirectly reported in the source document Shows year-over-year growth in the total; it is neither unique users nor advertising load per user. |
| Average price per ad growth YoY ↗2026Q3 · Reported data | 14% | Definition and boundariesDirectly reported in the source document Product mix, geography, demand and exchange rates all contribute; the result cannot be attributed solely to AI. |
| Family of Apps operating income ↗2026Q3 · Reported data | 17,117 USD million | Definition and boundariesDirectly reported in the source document This period includes changes in legal, infrastructure and other expenses. The 9.89B legal-agreement expense for the period must not be omitted or attributed entirely to AI operating costs. |
| Reality Labs operating income (loss) ↗2026Q3 · Reported data | -4,129 USD million | Definition and boundariesDirectly reported in the source document Losses retain their negative values. |
Has relationship expansion converted into recognizable business revenue?
Reconcile by business and financial period. Total company revenue does not establish the selected customer's individual contribution.| Operating metric | Latest value | Definition and boundaries |
|---|---|---|
| Advertising revenue ↗2026Q3 · Reported data | 63,061 USD million | Definition and boundariesDirectly reported in the source document Consolidated advertising operations; this is neither generative AI revenue nor cloud-services revenue. |
Related browsing is based on overlapping segments in the current graph. It does not establish direct peers, valuation comparability, or a supply, customer or investment relationship.
A = original SEC or exchange filings; B = company announcements, IR materials, official websites or established media; C = industry-structure inferences or third-party accounts without an independent primary source
Key relationships were reviewed using public information available through 2026-10-23. Historical relationships have not all been individually reverified. Their original dates are retained; delisted entities remain in the relationship archive but are excluded from market-cap weights. Review coverage through 2026-10-23.
Signed status does not mean that the full amount has been paid or that capacity has been delivered. Assess contract value, period revenue, investment, loans, prepayments and guarantee caps separately; do not sum them as a single exposure. Distinguish total power capacity from critical IT load. Company-level metrics cannot be attributed directly to an individual relationship.
Source facts and operating implications are distinguished, with forecasts and conditional scenarios identified as such. Missing relationships mean that this graph has no record of them. Data version 60aad2cdea0eff4f82e9dafe344d1e57aa2b950269b621d7e5bddfef10520644.
2026-10-27, 16:00 ET · Regular-session close. History through 2026-10-23 uses provider split-adjusted prices, excluding dividends. Full-history adjustment factors have not been independently recalculated. MA20 is the arithmetic mean of 20 recorded trading-day closes and does not bridge missing prices or known corporate actions. Price comparisons exclude dividend reinvestment and do not represent total returns. Market cap retrieved on 2026-10-28. Prices refresh daily. Source timestamps and website update times are shown separately.
The current security identity has been checked. Continuity with earlier issuers has not been independently verified; listing-date coverage is shown separately.
first-provider-observation-listing-date-not-verified
Current ticker/issuer checked across available sources. Earlier issuer continuity and first listing date are not independently established; provider first observation is not an IPO claim.
Reporting period 2026-09-30; filed 2026-10-22. Financials use the company's reporting periods and currency; unavailable values appear as —. Expand the section below each chart to inspect metric definitions, inputs and original sources.
Primary company business sources · Through 2026-10-22
Citations: 16 · Documents: 15 · Duplicate documents are grouped; individual source locations are retained
MD&A Consolidated and Segment Results p.35; Revenue p.45; Liquidity and Capital Resources · Document date 2026-10-22
As of 2026-09-30; the filing predates the October 23 review cutoff. Advertising, capital investment and one-time legal charges are assessed separately.
Reviewed 2026-10-23 · primary document https://newsroom.amd.com/news/ocp-2026-amd-ceo-lisa-su-keynote-takeaways/ [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Constellation press release 2025-06-03: 20-year nuclear PPA with Meta (Clinton) [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
OKLO 2026Q2 10-Q(oklo-20260630.htm) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
ARM 6-K (2026-05-06) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Meta newsroom press release 2026-04-14 [B] (Broadcom IR mirror repeatedly timed out; Meta's same-day official release used instead) · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
CIEN FQ2 2026 earnings call, 2026-06-04 [B] · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Meta newsroom press release · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Meta Platforms Q2 2026 Form 10-Q, Non-Marketable Equity Investments note · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Meta Platforms Q2 2026 Form 10-Q, Subsequent Event note · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Qualcomm press release, "Qualcomm Unveils Comprehensive Data Center Roadmap for the Agentic AI Era with New Qualcomm Dragonfly Portfolio" · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Corning IR press release, "Corning and Meta Announce Multiyear, up to $6 Billion Agreement to Accelerate US Data Center Buildout" · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
NextEra Energy news release, December 8, 2025 · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Apex Clean Energy press release, 2026-09-16, "Apex and Meta Add 144 MW of Texas Solar to Long-Standing Partnership" · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Meta Newsroom, 2026-09-21, "Announcing Petal, a First-of-its-Kind Transoceanic Subsea Cable" · Document date unverified
Graph source summary; original documents have not been individually rechecked. Event dates and source-publication dates are listed separately.
Meta Newsroom, 2026-09-21, "Announcing Petal, a First-of-its-Kind Transoceanic Subsea Cable" · Document date unverified
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The filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
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View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
View original disclosureThe filing version used. Each observation lists its concept, original-currency amount, period and input signs. This does not establish the first public disclosure date.
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