Filing Flows › Meta Platforms (META) › Q3 2026 › vs Q2 2026
Meta Platforms (META) Q3 2026 vs Q2 2026 (quarter over quarter)
Meta Platforms's revenue rose $3.8B (+6%) from $60.8B in Q2 2026 to $64.6B in Q3 2026. The biggest changes: Family of Apps +$3.8B (+6%); Reality Labs +$12.0M (+3%). Operating margin 20.1% against 30.9% (-10.8 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 20.1% | 30.9% | -10.8 pts |
| Net margin | 15.3% | 26.1% | -10.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Family of Apps | $64.2B | $60.4B | $3.8B | +6% |
| Reality Labs | $443M | $431M | $12.0M | +3% |
| Revenue | $64.6B | $60.8B | $3.8B | +6% |
| Operating profit | $13.0B | $18.8B | −$5.8B | -31% |
| Costs & expenses | $51.6B | $42.0B | $9.6B | +23% |
| Pre-tax earnings | $13.0B | $18.8B | −$5.8B | -31% |
| Cost of revenue | $13.4B | $11.3B | $2.0B | +18% |
| Research & development | $20.1B | $21.7B | −$1.6B | -7% |
| Sales & marketing | $3.3B | $3.4B | −$98.0M | -3% |
| General & admin | $14.9B | $5.6B | $9.2B | +165% |
| Net earnings | $9.9B | $15.8B | −$6.0B | -38% |
| Income tax | $3.1B | $2.9B | $233M | +8% |
| Depreciation & amortization | $7.2B | $6.4B | $798M | +13% |
| Share-based compensation | $7.4B | $7.7B | −$295M | -4% |
| Working capital & other | $8.4B | $2.0B | $6.4B | +320% |
| Operating cash flow | $32.8B | $31.9B | $923M | +3% |
| Capital expenditures | $33.9B | $30.1B | $3.8B | +13% |
| Negative free cash flow (OCF − capex) | $1.2B | −$1.7B | $2.9B | — |
Questions
How much did Meta Platforms's revenue grow quarter over quarter in Q3 2026?
Meta Platforms's revenue rose $3.8B (+6%) from $60.8B in Q2 2026 to $64.6B in Q3 2026.
What drove Meta Platforms's revenue change in Q3 2026?
Family of Apps +$3.8B (+6%); Reality Labs +$12.0M (+3%).