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Meta Platforms (META) Q2 2025 earnings results (second quarter 2025)

10-Q filed Jul 31, 2025

Meta Platforms (META) reported revenue of $47.5B for the second quarter 2025 (Q2 2025), +22% from a year earlier and +12% from the quarter before. Operating margin was 43.0%, net earnings $18.3B (38.6% of revenue).

Revenue$47.5B
Year over year+22%
Quarter over quarter+12%
Operating margin43.0%
Net earnings$18.3B

Meta Platforms, Q2 2025: revenue $47.5B (+22% year over year), operating margin 43.0%, net earnings $18.3B, operating cash flow $25.6B. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$47.5B+12%+22%
Operating profit$20.4B+16%+38%
Net earnings$18.3B+10%+36%
Operating cash flow$25.6B+6%+32%
Free cash flow$9.0B-19%-19%

What changed

Revenue was $47.5B in Q2 2025, up 22% year over year and up 12% from the previous quarter. Family of Apps was the largest line at 99% of revenue. Family of Apps added $8.4B year over year (up 22%), 100% of the total change.

Operating profit was $20.4B, a 43.0% margin (up 5.0 points year over year). Of the extra revenue versus a year earlier, 66% reached operating profit, above the 38% margin then. Total costs grew 12% against revenue growth of 22%. The fastest-growing cost line was Research & development (+23%). Net earnings were $18.3B, up 36% year over year. The effective tax rate was 10.7%.

Operating cash flow was $25.6B (up 32% year over year), 139% of net earnings. Non-cash charges added back $4.3B of depreciation and amortization and $4.8B of share-based compensation. Working capital and other items used $2.0B. Capital expenditures of $16.5B left free cash flow of $9.0B.

Questions

What was Meta Platforms' revenue in the second quarter 2025?

Meta Platforms (META) reported revenue of $47.5B for the second quarter 2025 (Q2 2025), +22% from a year earlier and +12% from the quarter before.

Was Meta Platforms profitable in the second quarter 2025?

Operating profit was $20.4B (43.0% of revenue) and net earnings $18.3B.

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Source: Meta Platforms 10-Q on SEC EDGAR.