{"company":"Meta Platforms","asOf":"2026-10-21","currency":"USD","financialUnits":"USD millions unless labelled","sources":{"k2023":{"title":"Meta 2023 Form 10-K","url":"https://www.sec.gov/Archives/edgar/data/1326801/000132680124000012/meta-20231231.htm","sections":"Income statement; cash-flow statement; FCF reconciliation; Note 2 revenue and Note 15 segment information; Family metrics","location":"Income statement; cash-flow statement; FCF reconciliation; Note 2 revenue and Note 15 segment information; Family metrics"},"k2024":{"title":"Meta 2024 Form 10-K","url":"https://www.sec.gov/Archives/edgar/data/1326801/000132680125000017/meta-20241231.htm","sections":"Family metrics and ARPP recast table (page 65)","location":"Family metrics and ARPP recast table (page 65)"},"k2025":{"title":"Meta 2025 Form 10-K","url":"https://www.sec.gov/Archives/edgar/data/1326801/000162828026003942/meta-20251231.htm","sections":"Income statement; cash-flow statement; FCF reconciliation; revenue and segment information; Family metrics","location":"Income statement; cash-flow statement; FCF reconciliation; revenue and segment information; Family metrics"},"q2026":{"title":"Meta Q2 2026 Form 10-Q","url":"https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/meta-20260630.htm","sections":"Income statement; cash-flow statement; Note 12 segment information; Family metrics and advertising discussion","location":"Income statement; cash-flow statement; Note 12 segment information; Family metrics and advertising discussion"},"r2026":{"title":"Meta Q2 2026 results","url":"https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Second-Quarter-2026-Results/default.aspx","sections":"Quarterly and half-year cash-flow statement and FCF reconciliation","location":"Quarterly and half-year cash-flow statement and FCF reconciliation"},"r2021":{"title":"Meta Q4 and full-year 2021 results","url":"https://investor.atmeta.com/investor-news/press-release-details/2022/Meta-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx","sections":"2021 DAP and annual ad-impression/price growth","location":"2021 DAP and annual ad-impression/price growth"},"call2026":{"title":"Q2 2026 earnings call","url":"https://s21.q4cdn.com/399680738/files/doc_financials/2026/q2/META-Q2-2026-Earnings-Call-Transcript.pdf","location":"Opening remarks; engagement, advertising tools, Threads and infrastructure outlook"},"proxy2026":{"title":"2026 proxy statement · 16 April 2026","url":"https://www.sec.gov/Archives/edgar/data/1326801/000162828026025532/meta-20260416.htm","location":"Executive compensation and beneficial ownership (1 April record date)"},"muse":{"title":"Muse product introduction · 8 September 2026","url":"https://about.fb.com/news/2026/09/introducing-muse-personal-ai-agent/","location":"Agent capabilities and free / subscription access; company product announcement"},"wonder":{"title":"Muse Wonder announcement · 12 October 2026","url":"https://about.fb.com/news/2026/10/introducing-muse-wonder-models/","location":"Models, developer distribution and planned consumer rollout; company announcement"},"ad_cc_2021":{"title":"Meta advertising constant-currency reconciliation · 2021","url":"https://investor.atmeta.com/investor-news/press-release-details/2022/Meta-Reports-Fourth-Quarter-and-Full-Year-2021-Results/default.aspx","locations":"Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"ad_cc_2022":{"title":"Meta advertising constant-currency reconciliation · 2022","url":"https://investor.atmeta.com/investor-news/press-release-details/2023/Meta-Reports-Fourth-Quarter-and-Full-Year-2022-Results/default.aspx","locations":"Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"ad_cc_2023":{"title":"Meta advertising constant-currency reconciliation · 2023","url":"https://investor.atmeta.com/investor-news/press-release-details/2024/Meta-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Initiates-Quarterly-Dividend/default.aspx","locations":"Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"ad_cc_2024":{"title":"Meta advertising constant-currency reconciliation · 2024","url":"https://investor.atmeta.com/investor-news/press-release-details/2025/Meta-Reports-Fourth-Quarter-and-Full-Year-2024-Results/default.aspx","locations":"Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"ad_cc_2025":{"title":"Meta advertising constant-currency reconciliation · 2025","url":"https://investor.atmeta.com/investor-news/press-release-details/2026/Meta-Reports-Fourth-Quarter-and-Full-Year-2025-Results/default.aspx","locations":"Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"ad_cc_H1_2025":{"title":"Meta advertising constant-currency reconciliation · H1 2025","url":"https://investor.atmeta.com/investor-news/press-release-details/2025/Meta-Reports-Second-Quarter-2025-Results/default.aspx","locations":"Reconciliation of GAAP to Non-GAAP results; three/sixmonthsended30June2025 column; advertising revenue excludingFX effect YoY change"},"ad_cc_Q2_2025":{"title":"Meta advertising constant-currency reconciliation · Q2 2025","url":"https://investor.atmeta.com/investor-news/press-release-details/2025/Meta-Reports-Second-Quarter-2025-Results/default.aspx","locations":"Reconciliation of GAAP to Non-GAAP results; three/sixmonthsended30June2025 column; advertising revenue excludingFX effect YoY change"},"q32026":{"title":"Meta Q3 2026 results","url":"https://s21.q4cdn.com/399680738/files/content_files/Meta-09-30-2026-Exhibit-99-1_FINAL.pdf","sections":"Q3 and nine-month income, cash-flow, segment, operational and Class C capital-structure disclosures","location":"PDF pp.1–3 and 6–10"},"q32026sec":{"title":"Meta Q3 2026 Form 10-Q","url":"https://www.sec.gov/Archives/edgar/data/1326801/000162828026066773/meta-20260930.htm","location":"Form 10-Q pp39-40: DAP and ARPP; p45: advertising growth comparisons.","sections":"Form 10-Q pp39-40: DAP and ARPP; p45: advertising growth comparisons."}},"periods":{"annual":[{"period":"2021","year":2021,"revenue":117929,"adRevenue":114934,"foaRevenue":115655,"foaOperatingIncome":56946,"rlRevenue":2274,"rlOperatingLoss":10193,"rlCosts":12467,"dap":2.82,"adImpressionsGrowth":10,"adPriceGrowth":24,"arpp":null,"ocf":57683,"ppe":18567,"ppeGross":18690,"ppeProceeds":123,"financeLeasePrincipal":677,"capex":19244,"fcf":38439,"sbc":9164,"da":7967,"dilutedShares":2859,"operatingIncome":46753,"researchDevelopment":24655,"sourceIds":["k2023","r2021","ad_cc_2021"],"notes":["Annual DAP-based ARPP unavailable in reviewed sources; do not mix historical MAP-based ARPP with later DAP-based ARPP.","PP&E uses net purchases in Meta's FCF reconciliation."],"label":"2021","qualifiers":{},"source":"k2023","sourcesByMetric":{"dap":"r2021","adImpressionsGrowth":"r2021","adPriceGrowth":"r2021","adRevenueConstantCurrencyGrowth":"ad_cc_2021"},"kindsByMetric":{"arpp":"Reported","adRevenueConstantCurrencyGrowth":"Reported"},"foaMargin":49.23781937659418,"fcfMargin":32.595035996235026,"capexPctRevenue":16.318293210321464,"rlLossPctFoa":17.89941347943666,"sbcPctRevenue":7.770777332123566,"fcfPerShare":13.444910807974816,"adRevenueGrowth":null,"dapGrowth":null,"rlCostsGrowth":null,"foaProfitGrowth":null,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"December average; not full-year average.","arpp":"Comparable DAP-based history unavailable; older MAP-based figures excluded.","adRevenueConstantCurrencyGrowth":"Company-reported, rounded non-GAAP advertising growth at constant currency. Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"adRevenueConstantCurrencyGrowth":35},{"period":"2022","year":2022,"revenue":116609,"adRevenue":113642,"foaRevenue":114450,"foaOperatingIncome":42661,"rlRevenue":2159,"rlOperatingLoss":13717,"rlCosts":15876,"dap":2.96,"adImpressionsGrowth":18,"adPriceGrowth":-16,"arpp":null,"ocf":50475,"ppe":31186,"ppeGross":31431,"ppeProceeds":245,"financeLeasePrincipal":850,"capex":32036,"fcf":18439,"sbc":11992,"da":8686,"dilutedShares":2702,"operatingIncome":28944,"researchDevelopment":35338,"sourceIds":["k2023","ad_cc_2022"],"notes":["Annual DAP-based ARPP unavailable in reviewed sources; old MAP-based figure is not comparable.","Q3 2022 methodology recalibration contributed approximately 30 million DAP to reported September 2022 DAP.","PP&E uses net purchases in Meta's FCF reconciliation."],"label":"2022","qualifiers":{},"source":"k2023","sourcesByMetric":{"adRevenueConstantCurrencyGrowth":"ad_cc_2022"},"kindsByMetric":{"arpp":"Reported","adRevenueConstantCurrencyGrowth":"Reported"},"foaMargin":37.27479248580166,"fcfMargin":15.812673121285664,"capexPctRevenue":27.47300808685436,"rlLossPctFoa":32.15348913527578,"sbcPctRevenue":10.283940347657557,"fcfPerShare":6.82420429311621,"adRevenueGrowth":-1.124123409957023,"dapGrowth":4.964539007092195,"rlCostsGrowth":27.344188658057277,"foaProfitGrowth":-25.085168405155766,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"December average; not full-year average.","arpp":"Comparable DAP-based history unavailable; older MAP-based figures excluded.","adRevenueConstantCurrencyGrowth":"Company-reported, rounded non-GAAP advertising growth at constant currency. Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"adRevenueConstantCurrencyGrowth":4},{"period":"2023","year":2023,"revenue":134902,"adRevenue":131948,"foaRevenue":133006,"foaOperatingIncome":62871,"rlRevenue":1896,"rlOperatingLoss":16120,"rlCosts":18016,"dap":3.19,"adImpressionsGrowth":28,"adPriceGrowth":-9,"arpp":43.15,"arppStatus":"derived_sum_of_reported_recast_quarters","arppQuarterComponents":[9.47,10.42,10.93,12.33],"ocf":71113,"ppe":27045,"ppeGross":27266,"ppeProceeds":221,"financeLeasePrincipal":1058,"capex":28103,"fcf":43010,"sbc":14027,"da":11178,"dilutedShares":2629,"operatingIncome":46751,"researchDevelopment":38483,"sourceIds":["k2023","k2024","k2025","ad_cc_2023"],"notes":["ARPP43.15 is calculated by summing four DAP-based quarters recast in2024 Form10-K. Do not use originally reported 2023MAP-based ARPP34.72.","Messenger Kids users excluded beginning Q42023.","PP&E uses net purchases in Meta's FCF reconciliation; later2025 comparative shows the same27,045."],"label":"2023","qualifiers":{},"source":"k2023","sourcesByMetric":{"arpp":"k2024","adRevenueConstantCurrencyGrowth":"ad_cc_2023"},"kindsByMetric":{"arpp":"Calculated","adRevenueConstantCurrencyGrowth":"Reported"},"foaMargin":47.26929612197946,"fcfMargin":31.882403522557116,"capexPctRevenue":20.83215964181406,"rlLossPctFoa":25.639802134529432,"sbcPctRevenue":10.397918488977183,"fcfPerShare":16.359832635983263,"adRevenueGrowth":16.108481019341436,"dapGrowth":7.770270270270263,"rlCostsGrowth":13.479465860418237,"foaProfitGrowth":47.37347929021822,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"December average; not full-year average.","arpp":"Sum of quarterly DAP-based ARPP.","adRevenueConstantCurrencyGrowth":"Company-reported, rounded non-GAAP advertising growth at constant currency. Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"adRevenueConstantCurrencyGrowth":16},{"period":"2024","year":2024,"revenue":164501,"adRevenue":160633,"foaRevenue":162355,"foaOperatingIncome":87109,"rlRevenue":2146,"rlOperatingLoss":17729,"rlCosts":19875,"dap":3.35,"adImpressionsGrowth":11,"adPriceGrowth":10,"arpp":49.63,"arppStatus":"reported_annual_sum","ocf":91328,"ppe":37256,"ppeGross":null,"ppeProceeds":null,"financeLeasePrincipal":1969,"capex":39225,"fcf":52103,"sbc":16690,"da":15498,"dilutedShares":2614,"operatingIncome":69380,"researchDevelopment":43873,"sourceIds":["k2024","k2025","ad_cc_2024"],"notes":["ARPP denominator changed to DAP from MAP starting Q12024; prior quarters shown in2024 filing were recast."],"label":"2024","qualifiers":{},"source":"k2024","sourcesByMetric":{"adRevenueConstantCurrencyGrowth":"ad_cc_2024"},"kindsByMetric":{"arpp":"Reported","adRevenueConstantCurrencyGrowth":"Reported"},"foaMargin":53.65341381540451,"fcfMargin":31.673363687758737,"capexPctRevenue":23.84483984899788,"rlLossPctFoa":20.352661607870598,"sbcPctRevenue":10.145834979726567,"fcfPerShare":19.93228768171385,"adRevenueGrowth":21.739624700639638,"dapGrowth":5.0156739811912265,"rlCostsGrowth":10.31860568383658,"foaProfitGrowth":38.55195559160822,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"December average; not full-year average.","arpp":"Sum of quarterly DAP-based ARPP.","adRevenueConstantCurrencyGrowth":"Company-reported, rounded non-GAAP advertising growth at constant currency. Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"adRevenueConstantCurrencyGrowth":22},{"period":"2025","year":2025,"revenue":200966,"adRevenue":196175,"foaRevenue":198759,"foaOperatingIncome":102469,"rlRevenue":2207,"rlOperatingLoss":19193,"rlCosts":21400,"dap":3.58,"adImpressionsGrowth":12,"adPriceGrowth":9,"arpp":57.03,"arppStatus":"reported_annual_sum","ocf":115800,"ppe":69691,"ppeGross":null,"ppeProceeds":null,"financeLeasePrincipal":2524,"capex":72215,"fcf":43585,"sbc":20427,"da":18616,"dilutedShares":2574,"operatingIncome":83276,"researchDevelopment":57372,"sourceIds":["k2025","ad_cc_2025"],"notes":["Server/network useful-life extension effective January1,2025 affects depreciation comparability. Capex and cash flow are consolidated, not advertising or RL standalone."],"label":"2025","qualifiers":{},"source":"k2025","sourcesByMetric":{"adRevenueConstantCurrencyGrowth":"ad_cc_2025"},"kindsByMetric":{"arpp":"Reported","adRevenueConstantCurrencyGrowth":"Reported"},"foaMargin":51.55439502110596,"fcfMargin":21.687748176308432,"capexPctRevenue":35.93393907427127,"rlLossPctFoa":18.730542895900225,"sbcPctRevenue":10.164405919409253,"fcfPerShare":16.932789432789434,"adRevenueGrowth":22.126213169149555,"dapGrowth":6.865671641791038,"rlCostsGrowth":7.672955974842766,"foaProfitGrowth":17.633080393529955,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"December average; not full-year average.","arpp":"Sum of quarterly DAP-based ARPP.","adRevenueConstantCurrencyGrowth":"Company-reported, rounded non-GAAP advertising growth at constant currency. Reconciliation of GAAP to Non-GAAP results; Twelve Months Ended31December currentyear column; advertising revenue excludingFX effect year-over-year change"},"adRevenueConstantCurrencyGrowth":22}],"halfYear":[{"period":"H1 2025","year":2025,"periodType":"half_year","revenue":89830,"adRevenue":87955,"foaRevenue":89048,"foaOperatingIncome":46736,"rlRevenue":782,"rlOperatingLoss":8739,"rlCosts":9521,"dap":3.48,"adImpressionsGrowth":8,"adPriceGrowth":10,"arpp":26.01,"arppStatus":"derived_sum_of_reported_quarters","arppQuarterComponents":[12.36,13.65],"ocf":49587,"ppe":29479,"financeLeasePrincipal":1225,"capex":30704,"fcf":18883,"sbc":8981,"da":8242,"dilutedShares":2580,"operatingIncome":37997,"researchDevelopment":25092,"sourceIds":["q2026","r2026","ad_cc_H1_2025"],"notes":["DAP repeats June point-in-time measurement fromQ2; not a half-year average. ARPP isQ1+Q2 (derived); compare H1withH1 only."],"label":"H1 2025","qualifiers":{},"source":"q2026","sourcesByMetric":{"ocf":"r2026","ppe":"r2026","financeLeasePrincipal":"r2026","capex":"r2026","fcf":"r2026","fcfPerShare":"r2026","fcfMargin":"r2026","capexPctRevenue":"r2026","adRevenueConstantCurrencyGrowth":"ad_cc_H1_2025"},"kindsByMetric":{"arpp":"Calculated","adRevenueConstantCurrencyGrowth":"Reported"},"foaMargin":52.48405354415596,"fcfMargin":21.02081709896471,"capexPctRevenue":34.18011800066793,"rlLossPctFoa":18.698647723382404,"sbcPctRevenue":9.99777357230324,"fcfPerShare":7.318992248062015,"adRevenueGrowth":null,"dapGrowth":null,"rlCostsGrowth":null,"foaProfitGrowth":null,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"June average; repeated in H1, not a half-year average.","arpp":"Sum of quarterly DAP-based ARPP.","adRevenueConstantCurrencyGrowth":"Company-reported, rounded non-GAAP advertising growth at constant currency. Reconciliation of GAAP to Non-GAAP results; three/sixmonthsended30June2025 column; advertising revenue excludingFX effect YoY change"},"adRevenueConstantCurrencyGrowth":21},{"period":"H1 2026","year":2026,"periodType":"half_year","revenue":117111,"adRevenue":114387,"foaRevenue":116278,"foaOperatingIncome":50294,"rlRevenue":833,"rlOperatingLoss":8647,"rlCosts":9480,"dap":3.6,"adImpressionsGrowth":16,"adPriceGrowth":12,"arpp":32.52,"arppStatus":"derived_sum_of_reported_quarters","arppQuarterComponents":[15.66,16.86],"ocf":64088,"ppe":49113,"financeLeasePrincipal":1805,"capex":50918,"fcf":13170,"sbc":13690,"da":12355,"dilutedShares":2565,"operatingIncome":41647,"researchDevelopment":39354,"adRevenueConstantCurrency":111959,"adRevenueConstantCurrencyGrowth":27,"sourceIds":["q2026","r2026"],"notes":["DAP repeats June measurement; not a half-year average. ARPP isQ1+Q2 (derived); compare H1withH1 only.","IncludesQ2 legal charges2,400m and severance1,180m."],"label":"H1 2026","qualifiers":{},"source":"q2026","sourcesByMetric":{"ocf":"r2026","ppe":"r2026","financeLeasePrincipal":"r2026","capex":"r2026","fcf":"r2026","fcfPerShare":"r2026","fcfMargin":"r2026","capexPctRevenue":"r2026"},"kindsByMetric":{"arpp":"Calculated"},"foaMargin":43.25323792978895,"fcfMargin":11.24574121986833,"capexPctRevenue":43.47840937230491,"rlLossPctFoa":17.19290571439933,"sbcPctRevenue":11.689764411541187,"fcfPerShare":5.1345029239766085,"adRevenueGrowth":30.051730998806203,"dapGrowth":3.4482758620689724,"rlCostsGrowth":-0.4306270349753172,"foaProfitGrowth":7.612975008558709,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"June average; repeated in H1, not a half-year average.","arpp":"Sum of quarterly DAP-based ARPP."}}],"quarterly":[{"period":"Q2 2025","year":2025,"periodType":"quarter","revenue":47516,"adRevenue":46563,"foaRevenue":47146,"foaOperatingIncome":24971,"rlRevenue":370,"rlOperatingLoss":4530,"rlCosts":4900,"dap":3.48,"adImpressionsGrowth":11,"adPriceGrowth":9,"arpp":13.65,"arppStatus":"reported_quarter","ocf":25561,"ppe":16538,"financeLeasePrincipal":474,"capex":17012,"fcf":8549,"sbc":4834,"da":4342,"dilutedShares":2570,"operatingIncome":20441,"researchDevelopment":12942,"sourceIds":["q2026","r2026","ad_cc_Q2_2025"],"notes":["DAP is June average, not quarterly average; growth measures are versusQ22024."],"label":"Q2 2025","qualifiers":{},"source":"q2026","sourcesByMetric":{"ocf":"r2026","ppe":"r2026","financeLeasePrincipal":"r2026","capex":"r2026","fcf":"r2026","fcfPerShare":"r2026","fcfMargin":"r2026","capexPctRevenue":"r2026","adRevenueConstantCurrencyGrowth":"ad_cc_Q2_2025"},"kindsByMetric":{"arpp":"Reported","adRevenueConstantCurrencyGrowth":"Reported"},"foaMargin":52.96525686166377,"fcfMargin":17.991834329489013,"capexPctRevenue":35.80267699301288,"rlLossPctFoa":18.141043610588284,"sbcPctRevenue":10.173415270645677,"fcfPerShare":3.3264591439688718,"adRevenueGrowth":null,"dapGrowth":null,"rlCostsGrowth":null,"foaProfitGrowth":null,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"June average; repeated in H1, not a half-year average.","arpp":"Quarterly DAP-based ARPP.","adRevenueConstantCurrencyGrowth":"Company-reported, rounded non-GAAP advertising growth at constant currency. Reconciliation of GAAP to Non-GAAP results; three/sixmonthsended30June2025 column; advertising revenue excludingFX effect YoY change"},"adRevenueConstantCurrencyGrowth":22},{"period":"Q3 2025","year":2025,"periodType":"quarter","revenue":51242,"adRevenue":50082,"foaRevenue":50772,"foaOperatingIncome":24967,"rlRevenue":470,"rlOperatingLoss":4432,"rlCosts":4902,"dap":3.54,"adImpressionsGrowth":14,"adPriceGrowth":10,"arpp":14.46,"arppStatus":"reported_quarter","ocf":29999,"ppe":18829,"financeLeasePrincipal":545,"capex":19374,"fcf":10625,"sbc":5555,"da":4963,"dilutedShares":2572,"operatingIncome":20535,"researchDevelopment":15144,"sourceIds":["q32026","q32026sec"],"notes":["Comparative quarter from the Q3 2026 release. Q3 2025 includes the previously reported U.S. tax valuation-allowance charge; DAP and ARPP are reported in the separate Q3 2026 Form 10-Q."],"label":"Q3 2025","qualifiers":{},"source":"q32026","sourcesByMetric":{"ocf":"q32026","ppe":"q32026","financeLeasePrincipal":"q32026","capex":"q32026","fcf":"q32026","fcfPerShare":"q32026","fcfMargin":"q32026","capexPctRevenue":"q32026","dap":"q32026sec","arpp":"q32026sec","adImpressionsGrowth":"q32026sec","adPriceGrowth":"q32026sec"},"kindsByMetric":{"arpp":"Reported","dap":"Reported","adImpressionsGrowth":"Reported","adPriceGrowth":"Reported"},"foaMargin":49.17474198377058,"fcfMargin":20.734943991257172,"capexPctRevenue":37.80882869521096,"rlLossPctFoa":17.751431890094928,"sbcPctRevenue":10.840716599664338,"fcfPerShare":4.131026438569207,"adRevenueGrowth":null,"dapGrowth":null,"rlCostsGrowth":null,"foaProfitGrowth":null,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"September 2025 average from Q3 2026 Form 10-Q p39.","arpp":"Quarterly DAP-based ARPP, Q3 2026 Form 10-Q p40 comparative."},"adRevenueConstantCurrency":null,"adRevenueConstantCurrencyGrowth":null,"periodEnd":"2025-09-30"},{"period":"Q2 2026","year":2026,"periodType":"quarter","revenue":60801,"adRevenue":59363,"foaRevenue":60370,"foaOperatingIncome":23394,"rlRevenue":431,"rlOperatingLoss":4619,"rlCosts":5050,"dap":3.6,"adImpressionsGrowth":14,"adPriceGrowth":12,"arpp":16.86,"arppStatus":"reported_quarter","ocf":31862,"ppe":30116,"financeLeasePrincipal":962,"capex":31078,"fcf":784,"sbc":7658,"da":6356,"dilutedShares":2566,"operatingIncome":18775,"researchDevelopment":21656,"adRevenueConstantCurrency":58670,"adRevenueConstantCurrencyGrowth":26,"sourceIds":["q2026","r2026"],"notes":["DAP is June average, not quarterly average; growth measures versusQ22025.","Group costs include2,400m charges related to legal proceedings and1,180m severance; severance impacted both FoA and RL."],"label":"Q2 2026","qualifiers":{},"source":"q2026","sourcesByMetric":{"ocf":"r2026","ppe":"r2026","financeLeasePrincipal":"r2026","capex":"r2026","fcf":"r2026","fcfPerShare":"r2026","fcfMargin":"r2026","capexPctRevenue":"r2026"},"kindsByMetric":{"arpp":"Reported"},"foaMargin":38.75103528242504,"fcfMargin":1.2894524761105903,"capexPctRevenue":51.11429088337363,"rlLossPctFoa":19.744378900572798,"sbcPctRevenue":12.59518757915166,"fcfPerShare":0.3055339049103663,"adRevenueGrowth":27.48963769516568,"dapGrowth":3.4482758620689724,"rlCostsGrowth":3.0612244897959107,"foaProfitGrowth":-6.31532577790237,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"June average; repeated in H1, not a half-year average.","arpp":"Quarterly DAP-based ARPP."}},{"period":"Q3 2026","year":2026,"periodType":"quarter","revenue":64601,"adRevenue":63061,"foaRevenue":64158,"foaOperatingIncome":17117,"rlRevenue":443,"rlOperatingLoss":4129,"rlCosts":4572,"dap":3.64,"adImpressionsGrowth":10,"adPriceGrowth":14,"arpp":17.72,"arppStatus":"reported_quarter","ocf":32786,"ppe":33942,"financeLeasePrincipal":964,"capex":34906,"fcf":-2120,"sbc":7363,"da":7154,"dilutedShares":2573,"operatingIncome":12988,"researchDevelopment":20054,"adRevenueConstantCurrency":63157,"adRevenueConstantCurrencyGrowth":26,"sourceIds":["q32026","q32026sec"],"notes":["DAP is the September average, not a quarterly average. Results include a USD 9.89bn charge for the agreement with U.S. state attorneys general. Reported free cash flow is negative USD 2.12bn."],"label":"Q3 2026","qualifiers":{},"source":"q32026","sourcesByMetric":{"ocf":"q32026","ppe":"q32026","financeLeasePrincipal":"q32026","capex":"q32026","fcf":"q32026","adRevenueConstantCurrencyGrowth":"q32026","fcfPerShare":"q32026","fcfMargin":"q32026","capexPctRevenue":"q32026","arpp":"q32026sec","dapGrowth":"q32026sec"},"kindsByMetric":{"arpp":"Reported","adRevenueConstantCurrencyGrowth":"Reported","dapGrowth":"Calculated"},"foaMargin":26.679447613703672,"fcfMargin":-3.281682946084426,"capexPctRevenue":54.033219300010835,"rlLossPctFoa":24.122217678331484,"sbcPctRevenue":11.397656383028126,"fcfPerShare":-0.8239409249902837,"adRevenueGrowth":25.91549858232498,"dapGrowth":2.824858757062154,"rlCostsGrowth":-6.731946144430845,"foaProfitGrowth":-31.441502783674448,"timePerUser":null,"advertiserRoas":null,"rlCapex":null,"advertisingFcf":null,"aiProfit":null,"periodNotes":{"dap":"September average; not a quarterly average.","arpp":"Quarterly DAP-based ARPP, Q3 2026 Form 10-Q p40.","adRevenueConstantCurrencyGrowth":"Company-reported Q3 2026 advertising growth at constant currency.","dapGrowth":"Calculated from rounded September DAP: (3.64 / 3.54 - 1) x 100; issuer rounds growth to 3%."},"periodEnd":"2026-09-30"}]},"metrics":[{"key":"dap","label":"Daily active people","group":"Audience","unit":"bn people","kind":"Reported","meaning":"The audience returning to at least one core app each day.","formula":"Company estimate of deduplicated daily users; December or June average.","read":"Read growth beside engagement and monetisation.","limit":"Not accounts added across apps, total time spent or a period-average audience. Methodology changes affect comparisons.","core":true},{"key":"dapGrowth","label":"Daily active people growth","group":"Audience","unit":"%","kind":"Calculated","meaning":"Change in the recurring audience at matching measurement dates.","formula":"Current DAP / prior comparable DAP − 1.","read":"A persistent decline prompts questions about relevance and competition.","limit":"No 2020 starting point entered; estimated counts and methodology shifts affect precision.","core":false},{"key":"timePerUser","label":"Time spent per person","group":"Audience","unit":"minutes / person","kind":"Missing","meaning":"How deeply people engage, beyond simply opening an app.","formula":"Requires consistent time-spent and average-user measurements.","read":"Look for durable use without excessive ad frequency.","limit":"No complete comparable series. Selected total-time growth disclosures do not establish time per person.","core":false},{"key":"adImpressionsGrowth","label":"Ad impressions growth","group":"Advertising","unit":"%","kind":"Reported","meaning":"Change in the number of advertisements delivered.","formula":"Company-reported YoY growth in delivered impressions.","read":"Ask whether more ads reflect users, engagement or more frequent ads.","limit":"Rounded growth rates; a rise can come from higher ad load rather than a stronger experience.","core":true},{"key":"adPriceGrowth","label":"Average price per ad growth","group":"Advertising","unit":"%","kind":"Reported","meaning":"Change in what Meta earns for each advertisement delivered.","formula":"YoY change in advertising revenue / delivered impressions.","read":"Read with advertiser outcomes and ad volume.","limit":"Currencies, demand, geography and placement mix affect price. It is not advertiser ROAS.","core":true},{"key":"adRevenue","label":"Advertising revenue","group":"Advertising","unit":"USD m","kind":"Reported","meaning":"Income generated by advertising across the apps and included placements.","formula":"Reported advertising revenue.","read":"Volume and value per advertisement together drive growth.","limit":"Already included in Family of Apps revenue and consolidated revenue.","core":true},{"key":"adRevenueGrowth","label":"Advertising revenue growth","group":"Advertising","unit":"%","kind":"Calculated","meaning":"How quickly the advertising business is expanding.","formula":"Current ad revenue / prior comparable-period ad revenue − 1.","read":"Compare with costs, currency effects and the volume-price bridge.","limit":"The first stored year and first interim comparator have no preceding-period revenue input.","core":true},{"key":"adRevenueConstantCurrencyGrowth","label":"Constant-currency ad growth","group":"Advertising","unit":"%","kind":"Reported","meaning":"Ad growth excluding the company-defined exchange-rate effect.","formula":"Company-reported constant-currency growth.","read":"Distinguishes operating expansion from translation effects.","limit":"Company-reported rounded non-GAAP advertising growth from each period’s reconciliation. FX-neutral growth is not a measure of advertiser return or organic profit.","core":false},{"key":"arpp","label":"Average revenue per person","group":"Advertising","unit":"USD / person","kind":"Reported / calculated","meaning":"Monetisation of the daily audience across Family of Apps.","formula":"Quarterly FoA revenue / average beginning and ending DAP; sum quarterly ARPP for annual or H1.","read":"Read with audience growth, ad pricing and non-advertising services.","limit":"Includes other FoA revenue. Comparable 2021–22 history is unavailable; 2023 is calculated from recast quarters.","core":true},{"key":"advertiserRoas","label":"Platform-wide advertiser ROAS","group":"Advertising","unit":"×","kind":"Missing","meaning":"Revenue attributed to advertising relative to advertisers’ ad spending.","formula":"Attributed advertiser revenue / advertiser spend, with a consistent scope.","read":"Incremental profitable sales are the stronger economic test.","limit":"No complete platform-wide series. ROAS excludes product costs and does not prove sales were incremental.","core":false},{"key":"foaRevenue","label":"Family of Apps revenue","group":"Profitability","unit":"USD m","kind":"Reported","meaning":"Revenue from advertising and other included app services.","formula":"Reported Family of Apps segment revenue.","read":"Compare with the segment cost base.","limit":"Includes paid messaging, subscriptions and other services; do not add ad revenue again.","core":false},{"key":"foaOperatingIncome","label":"Family of Apps operating profit","group":"Profitability","unit":"USD m","kind":"Reported","meaning":"Profit left after running and developing the apps.","formula":"Reported FoA segment operating income.","read":"Look for sustained growth supported by useful products.","limit":"Includes shared investment and non-advertising activities; not pure ad profit.","core":true},{"key":"foaMargin","label":"Family of Apps operating margin","group":"Profitability","unit":"%","kind":"Calculated","meaning":"The portion of FoA revenue retained as operating profit.","formula":"FoA operating income / FoA revenue × 100.","read":"Read with investment, depreciation assumptions and exceptional costs.","limit":"A temporary margin decline may reflect investment; a high margin alone does not prove durable economics.","core":true},{"key":"foaProfitGrowth","label":"Family of Apps profit growth","group":"Profitability","unit":"%","kind":"Calculated","meaning":"Change in segment operating earnings.","formula":"Current FoA operating income / prior comparable value − 1.","read":"Compare with revenue growth to examine operating leverage.","limit":"Legal costs, severance and timing can distort short comparisons.","core":false},{"key":"revenue","label":"Consolidated revenue","group":"Profitability","unit":"USD m","kind":"Reported","meaning":"Revenue across Family of Apps and Reality Labs.","formula":"FoA revenue + Reality Labs revenue.","read":"Provides the denominator for group cash and investment ratios.","limit":"Broader scope than the advertising business.","core":false},{"key":"ocf","label":"Operating cash flow","group":"Cash & investment","unit":"USD m","kind":"Reported","meaning":"Cash produced after operating cash payments.","formula":"Consolidated net cash provided by operating activities.","read":"Compare with cash required for infrastructure and other commitments.","limit":"Tax and working-capital timing matter; stock compensation is added back. Not advertising-only.","core":true},{"key":"capex","label":"Capital spending · FCF basis","group":"Cash & investment","unit":"USD m","kind":"Calculated","meaning":"Cash absorbed by equipment investment and finance-lease principal.","formula":"PP&E cash investment on Meta’s FCF basis + finance-lease principal.","read":"Evaluate subsequent operating results and cash generation against the investment.","limit":"2021–23 PP&E is net of proceeds. Group-wide; not exclusively AI or Reality Labs.","core":true},{"key":"capexPctRevenue","label":"Capital spending / revenue","group":"Cash & investment","unit":"%","kind":"Calculated","meaning":"The cash investment intensity of the whole company.","formula":"Capital spending on FCF basis / consolidated revenue × 100.","read":"Persistent increases require evidence that future output can justify them.","limit":"Investment and returns occur in different periods; this ratio is not ROI.","core":false},{"key":"fcf","label":"Reported free cash flow","group":"Cash & investment","unit":"USD m","kind":"Reported non-GAAP","meaning":"Cash remaining after investment included in Meta’s published reconciliation.","formula":"Operating cash flow − PP&E cash investment − finance-lease principal.","read":"Read over several periods alongside demand, commitments and capital spending.","limit":"Not normalised. Does not deduct all acquisitions, equity investments or shareholder distributions.","core":true},{"key":"fcfMargin","label":"Reported FCF margin","group":"Cash & investment","unit":"%","kind":"Calculated","meaning":"The share of group revenue left as reported FCF.","formula":"Reported FCF / consolidated revenue × 100.","read":"Connects growth to cash left after equipment investment.","limit":"Includes cash-flow timing and investment-cycle effects.","core":false},{"key":"fcfPerShare","label":"Reported FCF per diluted share","group":"Cash & investment","unit":"USD / share","kind":"Calculated","meaning":"Period cash generation relative to the diluted ownership base.","formula":"Reported FCF / same-period weighted-average diluted shares.","read":"Check whether aggregate cash growth also appears per share.","limit":"Not a dividend, normalised result or annualised interim value.","core":false},{"key":"ppe","label":"PP&E cash investment · FCF basis","group":"Cash & investment","unit":"USD m","kind":"Reported","meaning":"Equipment and infrastructure cash investment used in the FCF bridge.","formula":"PP&E purchases on the basis used in the reported FCF reconciliation.","read":"Reconciles operating cash flow to reported FCF.","limit":"2021–23 net of disposal proceeds. No advertising-only split.","core":false},{"key":"financeLeasePrincipal","label":"Finance-lease principal paid","group":"Cash & investment","unit":"USD m","kind":"Reported","meaning":"Principal cash repayments for equipment financed through leases.","formula":"Reported principal payments on finance leases.","read":"Include alongside equipment purchases when reconciling FCF.","limit":"Operating lease payments are already reflected in operating cash flow.","core":false},{"key":"rlRevenue","label":"Reality Labs revenue","group":"Reality Labs","unit":"USD m","kind":"Reported","meaning":"Commercial revenue from the segment’s products and services.","formula":"Reported RL segment revenue.","read":"Look for revenue scaling relative to continuing costs.","limit":"Hardware launch timing and product mix affect short comparisons.","core":true},{"key":"rlCosts","label":"Reality Labs costs and expenses","group":"Reality Labs","unit":"USD m","kind":"Calculated","meaning":"The accounting cost of operating and developing Reality Labs.","formula":"RL revenue + positive operating-loss magnitude.","read":"Read absolute costs together with revenue and loss.","limit":"Includes non-cash expenses; not capex or a precise cash-burn figure.","core":true},{"key":"rlOperatingLoss","label":"Reality Labs operating loss","group":"Reality Labs","unit":"USD m loss","kind":"Reported","meaning":"The gap between segment costs and revenue.","formula":"Positive magnitude of the reported operating loss.","read":"A smaller loss is more informative when supported by commercial progress.","limit":"Shown as a positive loss amount. Already included in group results; do not subtract again from FCF.","core":true},{"key":"rlCostsGrowth","label":"Reality Labs cost growth","group":"Reality Labs","unit":"%","kind":"Calculated","meaning":"Change in the segment’s costs and expenses.","formula":"Current RL costs / prior comparable RL costs − 1.","read":"Distinguish broad stabilisation from cuts to one project.","limit":"Compare matching periods; lower spending alone does not establish better returns.","core":false},{"key":"rlLossPctFoa","label":"RL loss / FoA operating profit","group":"Reality Labs","unit":"%","kind":"Calculated","meaning":"Size of the RL loss relative to profit from the app segment.","formula":"Positive RL operating loss / FoA operating income × 100.","read":"Shows the accounting earnings burden relative to the established business.","limit":"An accounting ratio, not a cash-funding transfer or capex measure.","core":false},{"key":"rlCapex","label":"Standalone Reality Labs capex","group":"Reality Labs","unit":"USD m","kind":"Missing","meaning":"Cash capital investment attributable solely to Reality Labs.","formula":"Requires a separately disclosed segment capex series.","read":"Would help measure segment capital requirements if disclosed.","limit":"No standalone series in the selected filings. Do not substitute RL costs or group capex.","core":false},{"key":"sbc","label":"Stock-based compensation","group":"Supporting","unit":"USD m","kind":"Reported","meaning":"Accounting expense for equity compensation.","formula":"Consolidated share-based compensation expense in cash-flow reconciliation.","read":"Read with dilution, repurchases and total compensation.","limit":"Non-cash at recognition does not mean economically free; tax-withholding cash is separate.","core":false},{"key":"da","label":"Depreciation & amortisation","group":"Supporting","unit":"USD m","kind":"Reported","meaning":"Allocation of capitalised asset costs to current results.","formula":"Consolidated cash-flow statement depreciation and amortisation.","read":"Read alongside equipment investment and useful-life estimates.","limit":"2025 server/network life extension reduced expense relative to prior estimates.","core":false},{"key":"dilutedShares","label":"Weighted-average diluted shares","group":"Supporting","unit":"m shares","kind":"Reported","meaning":"Average diluted denominator for the reporting period.","formula":"Reported diluted weighted-average shares.","read":"Tracks the net effect of issuance, equity compensation and repurchases.","limit":"Not the point-in-time outstanding share count.","core":false},{"key":"researchDevelopment","label":"Research & development expense","group":"Supporting","unit":"USD m","kind":"Reported","meaning":"Operating expense recognised for product and technology development.","formula":"Consolidated research and development expense.","read":"Consider progress and cost discipline together.","limit":"Not a separately disclosed cash AI investment series; overlaps segment costs.","core":false}],"observations":[{"label":"Instagram total time spent","value":"Double-digit YoY growth","period":"Q2 2026","source":"call2026","note":"Management disclosure; no exact percentage or per-person series."},{"label":"Facebook video time spent","value":"+9% YoY globally","period":"Q2 2026","source":"call2026","note":"Video only; not all Facebook activity or time per user."},{"label":"Facebook ad conversion improvement","value":"+15.7%","period":"Q2 2026 call","source":"call2026","note":"Management attribution to specified model improvements; not overall ad-revenue growth or platform-wide ROAS."},{"label":"Threads monthly active users","value":"Passed 500m","period":"Q2 2026 call milestone","source":"call2026","note":"Monthly, not daily; no standalone revenue or profit series."}],"notes":["2021–2023 PP&E uses net purchases from Meta’s FCF reconciliation; gross purchases and proceeds are retained in the downloadable inputs. Cash investment therefore reconciles exactly to reported FCF.","The 2022 DAP methodology recalibration added approximately 30m people to the September estimate. Messenger Kids users were excluded from Q4 2023. Reported DAP is not a perfectly unchanged measurement series.","ARPP switched from monthly to daily active people in Q1 2024. The 2023 series uses recast quarters; 2021–2022 remain unavailable on a comparable basis. Half-year ARPP is the sum of Q1 and Q2.","Q2 2026 group costs include $2.4bn of legal charges and $1.18bn of severance. Severance affected both reporting segments. No unsupported allocation of these charges is made here."],"capitalEvents":[{"id":"meta-20261029-capital-offerings","periodEnd":"2026-10-29","eventDate":"2026-10-29","agreementDate":"2026-10-26","published":"2026-10-29","periodType":"capitalEvent","unit":"USD and actual share counts; percentage explicitly labelled","basis":"Reported transaction terms; calculated underlying preferred shares and aggregate liquidation preference; not accounting-period earnings or subsequent-quarter balance-sheet estimates","source":"https://www.sec.gov/Archives/edgar/data/1326801/000119312526438017/d183592d8k.htm","locator":"8-K Items1.01 (offering closing and forward-sale agreements),3.03 (preferred terms),5.03 and9.01","depositaryShares":250000000,"preferredSharesPerDepositaryShare":0.05,"underlyingPreferredShares":12500000,"liquidationPreferencePerPreferredShare":1000,"aggregatePreferredLiquidationPreference":12500000000,"preferredDividendRatePct":6.5,"additionalDepositaryShareOption":37500000,"commonSharesUnderlyingForwards":40000000,"additionalCommonForwardShareOption":6000000,"initialForwardSalePricePerCommonShare":622.91875,"initialCommonForwardCashProceeds":0,"preferredNetCashProceeds":null,"depositaryOfferingStatus":"closed 29 October 2026","commonForwardStatus":"Forward sellers sold borrowed shares; Meta receives no initial proceeds; future settlement subject to agreement","commonForwardSettlementDeadline":"2027-11-19","mandatoryConversionDate":"2029-08-15","qualifiers":["250,000,000 depositary shares each represent1/20 of a preferred share; underlying preferred shares=250,000,000/20; liquidation preference=12,500,000*USD1,000, not net cash proceeds.","Underwriters' options are not assumed exercised. Initial forward price is subject to contractual adjustment, not a market quote or forecast.","Preferred rights include restrictions on junior dividends/repurchases if accumulated preferred dividends are unpaid; detailed exhibit reconciliation pending.","Existing September financial statements, annual rows, dated quotes and portfolio weights retained."],"underwritingTerms":{"documentId":"0001193125-26-438017-ex11","agreementDate":"2026-10-26","publicationDate":"2026-10-29","periodEnd":"2026-10-29","periodType":"capitalEvent","unit":"USD and actual depositary-share counts","source":"https://www.sec.gov/Archives/edgar/data/1326801/000119312526438017/d183592dex11.htm","locator":"Opening terms; Sections2–4, printed pp.16–17; Section6(k),p.23; ScheduleI,p.I-1","basis":"Reported prices and firm-share count; calculated contractual totals before issuer expenses. Not GAAP revenue or actual net cash proceeds.","firmDepositaryShares":250000000,"publicOfferingPricePerDepositaryShare":50,"underwriterPurchasePricePerDepositaryShare":49.8335,"underwritingDiscountPerDepositaryShare":0.1665,"grossPublicOfferingAmount":12500000000,"aggregateUnderwritingDiscount":41625000,"contractualProceedsBeforeIssuerExpenses":12458375000,"actualNetCashProceeds":null,"additionalDepositaryShareOption":37500000,"optionExerciseWindowDays":30,"optionExercisedShares":null,"methods":{"underwritingDiscountPerDepositaryShare":"50.00 - 49.8335","grossPublicOfferingAmount":"250000000 * 50.00","aggregateUnderwritingDiscount":"250000000 * (50.00 - 49.8335)","contractualProceedsBeforeIssuerExpenses":"250000000 * 49.8335"},"qualifiers":["Agreement dated26October2026; filed29October2026. Transaction-date observation, not a quarter/YTD/annual result.","Option to buy up to37500000 additional depositary shares may be exercised within30days of agreement; no exercise inferred.","Section6(k) obligates issuer to pay offering expenses; contractual proceeds before those expenses are not actual net cash proceeds.","Retain September financial statements and the previously sourced 29October8-K closing status. Five other offering exhibits remain pending detailed review."],"retrievalEvidence":{"retrievedAt":"2026-10-29T21:19:07.005644Z","sha256":"a769b38d99ff784effefadbc64c39a39b5c1ab9b08869d3bcbfdd9172a607208","httpStatus":200}},"commonUnderwritingTerms":{"documentId":"0001193125-26-438017-ex12","agreementDate":"2026-10-26","publicationDate":"2026-10-29","periodEnd":"2026-10-29","periodType":"capitalEvent","unit":"USD and actual common-share counts","source":"https://www.sec.gov/Archives/edgar/data/1326801/000119312526438017/d183592dex12.htm","locator":"Opening terms; Section3(a)–(g),pp.17–19; Section5,p.20; SchedulesI–II","basis":"Reported contractual share counts and prices; calculated offering totals. Borrowed-share sale proceeds belong to forward sellers, not initial issuer cash proceeds.","firmCommonShares":40000000,"publicOfferingPricePerShare":625,"underwriterPurchasePricePerShare":622.91875,"underwritingDiscountPerShare":2.08125,"grossPublicOfferingAmount":25000000000,"aggregateUnderwritingDiscount":83250000,"contractualPurchaseAmountToForwardSellers":24916750000,"additionalCommonShareOption":6000000,"optionExerciseWindowDays":30,"optionExercisedShares":null,"companyTopUpShares":null,"actualFutureForwardSettlementProceeds":null,"methods":{"underwritingDiscountPerShare":"625 - 622.91875","grossPublicOfferingAmount":"40000000 * 625","aggregateUnderwritingDiscount":"40000000 * (625 - 622.91875)","contractualPurchaseAmountToForwardSellers":"40000000 * 622.91875"},"qualifiers":["40million borrowed firm shares split equally between Morgan Stanley and Goldman Sachs as forward sellers; up to6million additional shares under30-calendar-day option; option exercise not assumed.","Section3(d)–(f) provides conditional issuer top-up obligations if borrowing/delivery fails; no top-up issuance inferred.","Contractual purchase amount to forward sellers is not cash received by Meta or future settlement proceeds. Preserve prior8-K observation of zero initial issuer proceeds.","Numerical terms reconciled; four other offering exhibits3.1,4.2,10.1,10.2 remain pending detailed review. September financial statements and separately dated quotes/weights retained."],"retrievalEvidence":{"retrievedAt":"2026-10-29T21:19:10.444113Z","sha256":"b50090f7daf02075c7682be46b520fee834a33651de33a6285ad3d052cf9ae6a","httpStatus":200}},"certificateBasicTerms":{"documentId":"0001193125-26-438017-ex31","publicationDate":"2026-10-29","signedDate":"2026-10-28","periodEnd":"2026-10-29","periodType":"capitalEvent","unit":"USD per preferred share; actual authorized share count; percentage explicitly labelled","basis":"Reported certificate terms; calculated full-quarter dividend amount. Authorized shares are not issued or outstanding shares; contractual dividends are not paid cash.","source":"https://www.sec.gov/Archives/edgar/data/1326801/000119312526438017/d183592dex31.htm","locator":"Part1 p.1; signature page; AnnexA Section2 pp.3,8; Section3(a) pp.12–13","authorizedSeriesShares":14375000,"liquidationPreferencePerPreferredShare":1000,"annualDividendRatePct":6.5,"annualDividendPerPreferredShare":65,"fullQuarterDividendPerPreferredShare":16.25,"initialIssueDate":"2026-10-29","firstScheduledDividendPaymentDate":"2027-02-15","scheduledDividendMonths":[2,5,8,11],"scheduledDividendDay":15,"lastScheduledDividendPaymentDate":"2029-08-15","actualDividendsPaid":null,"methods":{"fullQuarterDividendPerPreferredShare":"65 / 4; only a full Dividend Period after the initial period"},"qualifiers":["Cumulative dividends payable when, as and if declared from legally available funds; cash, Class A shares or a combination, subject to certificate conditions.","Initial and partial periods use the certificate's 360-day/twelve 30-day month convention, not the full-quarter amount.","Authorization of 14,375,000 preferred shares does not establish option exercise or increase the previously reported 12,500,000 underlying issued preferred shares.","Payment dates falling on a non-business day move to the next business day. Initial dividend amount not calculated.","Review limited to authorization and basic dividend terms; conversion, adjustment and other detailed provisions remain pending. Existing financial periods and dated quotes/weights retained."],"retrievalEvidence":{"retrievedAt":"2026-10-29T21:19:14.255456+00:00","sha256":"41c853b3bcf0dd7eb5cf36dc01b2d660a610037c76d5bc1988ebbded95bd0740","httpStatus":200}}}]}