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Meta Platforms (META) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Meta Platforms (META) reported revenue of $56.3B for the first quarter 2026 (Q1 2026), +33% from a year earlier and -6% from the quarter before. Operating margin was 40.6%, net earnings $26.8B (47.5% of revenue).
Meta Platforms, Q1 2026: revenue $56.3B (+33% year over year), operating margin 40.6%, net earnings $26.8B, operating cash flow $32.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.3B | -6% | +33% |
| Operating profit | $22.9B | -8% | +30% |
| Net earnings | $26.8B | +18% | +61% |
| Operating cash flow | $32.2B | -11% | +34% |
| Free cash flow | $13.2B | -11% | +19% |
What changed
Revenue was $56.3B in Q1 2026, up 33% year over year and down 6% from the previous quarter. Family of Apps was the largest line at 99% of revenue. Family of Apps added $14.0B year over year (up 33%), 100% of the total change. Reality Labs declined 2%.
Operating profit was $22.9B, a 40.6% margin (down 0.9 points year over year). Of the extra revenue versus Q1 2025, 38% reached operating profit, below the 41% margin then. Total costs grew 35% against revenue growth of 33%. The fastest-growing cost line was Research & development (+46%). Net earnings were $26.8B, up 61% year over year. The effective tax rate was -23.1%.
Operating cash flow was $32.2B (up 34% year over year), 120% of net earnings. Non-cash charges added back $6.0B of depreciation and amortization and $6.0B of share-based compensation. Working capital and other items used $6.6B. Capital expenditures of $19.0B left free cash flow of $13.2B.
Questions
What was Meta Platforms' revenue in the first quarter 2026?
Meta Platforms (META) reported revenue of $56.3B for the first quarter 2026 (Q1 2026), +33% from a year earlier and -6% from the quarter before.
Was Meta Platforms profitable in the first quarter 2026?
Operating profit was $22.9B (40.6% of revenue) and net earnings $26.8B.
Source: Meta Platforms 10-Q on SEC EDGAR.