Filing Flows › Meta Platforms (META) › Guidance history
Meta Platforms (META) guidance history: what it guided and what it reported
Meta Platforms gave guidance in 11 earnings releases on file since Jul 31, 2024. Of 10 guided periods since reported, it met or beat its own guidance 9 times (90%). Revenue: 8 of 8, on average +12.3% against the guided midpoint. Its releases raised guidance 8 times and lowered it twice.
Revenue
Met or beat 8 of 8 periods (6 above, 2 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $73.0B–$76.0B (Oct 21, 2026) | — | to be reported | — |
| Q3 2026 | $61.0B–$64.0B (Jul 29, 2026) | $64.6B | above the range | +3.4% |
| Q2 2026 | $58.0B–$61.0B (Apr 29, 2026) | $60.8B | within the range | +2.2% |
| Q1 2026 | $53.5B–$56.5B (Jan 28, 2026) | $56.3B | within the range | +2.4% |
| Q4 2025 | $56.0B–$59.0B (Oct 29, 2025) | $59.9B | above the range | +4.2% |
| Q3 2025 | $47.5B–$50.5B (Jul 30, 2025) | $51.2B | above the range | +4.6% |
| Q2 2025 | $42.5B–$45.5B (Apr 30, 2025) | $47.5B | above the range | +8.0% |
| Q1 2025 | $39.5B–$41.8B (Jan 29, 2025) | $42.3B | above the range | +4.1% |
| FY2024 | $96.0B–$98.0B (Oct 30, 2024) | $164.5B | above the range | +69.6% |
| Q4 2024 | $45.0B–$48.0B (Oct 30, 2024) | — | — | — |
Tax rate
Met or beat 1 of 2 periods (1 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | 15.0%–17.0% (Oct 22, 2026) | — | to be reported | — |
| FY2026 | 13.0%–16.0% (Jan 28, 2026) → reaffirmed 13.0%–16.0% (Apr 29, 2026) → raised 15.0%–17.0% (Jul 29, 2026) | — | to be reported | — |
| Q4 2025 | 12.0%–15.0% (Oct 29, 2025) | 10.2% | below the range | -3.3 pts |
| FY2025 | 12.0%–15.0% (Jan 29, 2025) → reaffirmed 12.0%–15.0% (Apr 30, 2025) | 29.6% | above the range | +16.1 pts |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $115.0B–$135.0B (Jan 28, 2026) → raised $125.0B–$145.0B (Apr 29, 2026) → raised $130.0B–$145.0B (Jul 29, 2026) → raised $135.0B–$145.0B (Oct 21, 2026) | — | to be reported | — |
| FY2025 | $60.0B–$65.0B (Jan 29, 2025) → raised $64.0B–$72.0B (Apr 30, 2025) → raised $66.0B–$72.0B (Jul 30, 2025) → raised $70.0B–$72.0B (Oct 29, 2025) | $69.7B (GAAP) | not judged | — |
| FY2024 | $37.0B–$40.0B (Jul 31, 2024) → raised $38.0B–$40.0B (Oct 30, 2024) | $37.3B (GAAP) | not judged | — |
The latest quarter
Meta Platforms, Q3 2026: revenue $64.6B (+26% year over year), operating margin 20.1%, net earnings $9.9B, operating cash flow $32.8B. The chart follows the revenue to costs, profit and cash.
Questions
Does Meta Platforms beat its guidance?
Meta Platforms gave guidance in 11 earnings releases on file since Jul 31, 2024. Of 10 guided periods since reported, it met or beat its own guidance 9 times (90%). Revenue: 8 of 8, on average +12.3% against the guided midpoint.
How often does Meta Platforms raise guidance?
Its earnings releases raised guidance 8 times and lowered it twice since Jul 31, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.