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Meta Platforms, Inc. META Reality Labs — Other Cost and Expense, Operating

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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$1.51T-21.6%
Enterprise value$1.61T-19.6%
P/E22.2×-4.8×
P/S6.6×-4.2×

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:OtherCostAndExpenseOperating.

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
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
Employee compensation (1)(14,624)(11,808)

Item 1. Financial Statements (unaudited)

FAQ

What is Meta Platforms, Inc.'s reality labs — other cost and expense, operating?
Meta Platforms, Inc. (META) reported reality labs — other cost and expense, operating of $1.89B in Q1 2026.
How has Meta Platforms, Inc.'s reality labs — other cost and expense, operating changed year-over-year?
Meta Platforms, Inc.'s reality labs — other cost and expense, operating increased by 2.2% year-over-year, from $1.85B to $1.89B.
What is the long-term trend for Meta Platforms, Inc.'s reality labs — other cost and expense, operating?
Over 3 years (2022 to 2025), Meta Platforms, Inc.'s reality labs — other cost and expense, operating has grown at a 9.5% compound annual growth rate (CAGR), from $8.11B to $10.64B.
What does reality labs — other cost and expense, operating mean?
Operating expenses for Reality Labs excluding direct labor, such as marketing, research and development materials, facilities, and professional services. These costs support the infrastructure and commercialization of the segment's product roadmap.

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