Filing Flows › Meta Platforms (META) › Q2 2026 › vs Q1 2026
Meta Platforms (META) Q2 2026 vs Q1 2026 (quarter over quarter)
Meta Platforms's revenue rose $4.5B (+8%) from $56.3B in Q1 2026 to $60.8B in Q2 2026. The biggest changes: Family of Apps +$4.5B (+8%); Reality Labs +$29.0M (+7%). Operating margin 30.9% against 40.6% (-9.7 pts).
Meta Platforms, Q2 2026: revenue $60.8B (+28% year over year), operating margin 30.9%, net earnings $15.8B, operating cash flow $31.9B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 30.9% | 40.6% | -9.7 pts |
| Net margin | 26.1% | 47.5% | -21.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Family of Apps | $60.4B | $55.9B | $4.5B | +8% |
| Reality Labs | $431M | $402M | $29.0M | +7% |
| Revenue | $60.8B | $56.3B | $4.5B | +8% |
| Operating profit | $18.8B | $22.9B | −$4.1B | -18% |
| Costs & expenses | $42.0B | $33.4B | $8.6B | +26% |
| Pre-tax earnings | $18.8B | $21.8B | −$3.0B | -14% |
| Cost of revenue | $11.3B | $10.2B | $1.1B | +11% |
| Research & development | $21.7B | $17.7B | $4.0B | +22% |
| Sales & marketing | $3.4B | $2.9B | $523M | +18% |
| General & admin | $5.6B | $2.6B | $3.0B | +115% |
| Net earnings | $15.8B | $26.8B | −$10.9B | -41% |
| Income tax | $2.9B | −$5.0B | $7.9B | — |
| Depreciation & amortization | $6.4B | $6.0B | $357M | +6% |
| Share-based compensation | $7.7B | $6.0B | $1.6B | +27% |
| Working capital & other | $2.0B | −$6.6B | $8.6B | — |
| Operating cash flow | $31.9B | $32.2B | −$364M | -1% |
Questions
How much did Meta Platforms's revenue grow quarter over quarter in Q2 2026?
Meta Platforms's revenue rose $4.5B (+8%) from $56.3B in Q1 2026 to $60.8B in Q2 2026.
What drove Meta Platforms's revenue change in Q2 2026?
Family of Apps +$4.5B (+8%); Reality Labs +$29.0M (+7%).