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How Meta Platforms (META) makes money
Meta Platforms (META) made $64.6B of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier. Family of Apps brought in $64.2B (99%); Reality Labs brought in $443M (1%). Of every dollar of revenue, 20¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Family of Apps | $64.2B | 99.3% | +6% | +26% |
| Reality Labs | $443M | 0.7% | +3% | -6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $64.6B | 100.0% |
| Operating profit | $13.0B | 20.1% |
| Income tax | $3.1B | 4.9% |
| Net earnings | $9.9B | 15.3% |
| Operating cash flow | $32.8B | 50.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $64.6B | +26% |
| Q2 2026 | $60.8B | +28% |
| Q1 2026 | $56.3B | +33% |
| Q4 2025 | $59.9B | +24% |
| Q3 2025 | $51.2B | +26% |
| Q2 2025 | $47.5B | +22% |
| Q1 2025 | $42.3B | +16% |
From Meta Platforms' 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Meta Platforms make money?
Meta Platforms (META) made $64.6B of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier. Family of Apps brought in $64.2B (99%); Reality Labs brought in $443M (1%). Of every dollar of revenue, 20¢ was left as operating profit, 15¢ was left as net earnings.
What is Meta Platforms' biggest business?
Family of Apps: $64.2B in the third quarter 2026, 99% of revenue, +26% from a year earlier.
What is Meta Platforms' profit margin?
Net earnings were $9.9B, 15.3% of revenue, in the third quarter 2026; the operating margin was 20.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.