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Meta Platforms, Inc. META Reality Labs — Labor and Related Expense

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Other financials

Income statement

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Revenue$60.8B+28.0%
Gross profit$49.5B+26.8%
Operating income$18.8B-8.2%
Net income$15.8B-13.6%
EPS (diluted)$6.18-13.4%

Balance sheet

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Cash & equivalents$15.5B+11.8%
Total debt$83.7B+68.8%
Total equity$261.22B+33.9%
Total assets$449.96B+52.7%

Cash flow

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Operating cash flow$31.9B+24.7%
CapEx$30.1B+82.1%
Free cash flow$1.7B-80.6%

Valuation

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Market cap$1.5T-22.5%
Enterprise value$1.6T-20.5%
P/E22.1×-5.1×
P/S6.6×-4.3×

Profitability

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Gross margin81.7%-0.2pp
Operating margin38.1%-5.9pp
Net margin29.8%-10.2pp
FCF margin18%-10.1pp

Returns & leverage

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Return on equity29.8%-10.8pp
Debt / equity0.3×+0.1×
Current ratio2.2×+0.3×

Where this comes from

Reported directly by Meta Platforms, Inc. in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

The source filing: Meta Platforms, Inc.’s 10-Q, filed April 30, 2026.

Filed
Apr 29, 2026, 7:54 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-028526
Line itemThree Months Ended March 31, 20262025
Income from operations$26,900$21,765
Reality Labs:
Revenue$402$412
Employee compensation (1)(2,545)(2,777)
Other costs and expenses (3)(1,885)(1,845)
Loss from operations$(4,028)$(4,210)
Total:
Revenue$56,311$42,314

Item 1. Financial Statements (unaudited)

FAQ

What is Meta Platforms, Inc.'s reality labs — labor and related expense?
Meta Platforms, Inc. (META) reported reality labs — labor and related expense of $2.55B in Q1 2026.
How has Meta Platforms, Inc.'s reality labs — labor and related expense changed year-over-year?
Meta Platforms, Inc.'s reality labs — labor and related expense decreased by 8.4% year-over-year, from $2.78B to $2.55B.
What is the long-term trend for Meta Platforms, Inc.'s reality labs — labor and related expense?
Over 3 years (2022 to 2025), Meta Platforms, Inc.'s reality labs — labor and related expense has grown at a 11.5% compound annual growth rate (CAGR), from $7.77B to $10.76B.
What does reality labs — labor and related expense mean?
Total compensation costs for employees dedicated to the Reality Labs segment, including salaries, benefits, and share-based compensation. This represents the human capital investment required to develop complex AR/VR hardware and software systems.

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