Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Meta Platforms Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and cash equivalents	23,426)	35,873)	10,187)	12,005)	28,750)	43,889)	43,852)	32,045)	32,307)	41,862)	36,890)	28,785)	11,551)	14,681)	14,308)	12,681)	14,886)	16,601)	14,496)	16,186)	19,513)
Marketable securities	57,754)	45,719)	34,261)	35,066)	41,480)	33,926)	27,048)	26,035)	25,813)	23,541)	24,233)	24,661)	25,888)	26,057)	27,468)	27,808)	29,004)	31,397)	43,579)	47,894)	44,706)
Accounts receivable, net	17,470)	19,769)	17,297)	16,561)	14,514)	16,994)	14,700)	14,505)	13,430)	16,169)	12,944)	12,511)	11,044)	13,466)	11,227)	11,525)	11,390)	14,039)	12,088)	11,698)	10,276)
Prepaid expenses and other current assets	11,115)	7,361)	11,373)	9,981)	5,483)	5,236)	5,467)	3,846)	3,780)	3,793)	4,311)	3,603)	4,000)	5,345)	5,312)	3,973)	3,985)	4,629)	5,258)	4,919)	2,827)
Current assets	109,765)	108,722)	73,118)	73,613)	90,227)	100,045)	91,067)	76,431)	75,330)	85,365)	78,378)	69,560)	52,483)	59,549)	58,315)	55,987)	59,265)	66,666)	75,421)	80,697)	77,322)
Non-marketable equity investments	28,410)	27,524)	25,074)	21,988)	6,168)	6,070)	6,071)	6,207)	6,218)	6,141)	6,142)	6,208)	6,167)	6,201)	6,528)	6,536)	6,775)	6,775)	6,758)	6,393)	6,342)
Property and equipment, net	194,776)	176,400)	160,270)	147,039)	133,567)	121,346)	112,162)	102,959)	98,908)	96,587)	91,772)	87,949)	84,156)	79,518)	73,738)	67,588)	61,582)	57,809)	53,726)	50,909)	47,720)
Operating lease right-of-use assets	23,268)	20,404)	17,372)	15,662)	15,505)	14,922)	14,812)	14,058)	13,555)	13,294)	13,033)	12,955)	12,899)	12,673)	13,641)	14,130)	12,241)	12,155)	11,063)	10,525)	10,202)
Goodwill	24,748)	24,534)	21,158)	20,654)	20,654)	20,654)	20,654)	20,654)	20,654)	20,654)	20,668)	20,659)	20,649)	20,306)	20,268)	20,229)	19,923)	19,197)	19,065)	19,219)	19,056)
Other assets	14,283)	8,437)	6,852)	15,788)	14,092)	13,017)	11,642)	9,929)	8,179)	7,582)	6,281)	9,357)	8,137)	7,480)	6,404)	5,309)	4,432)	3,385)	3,552)	2,866)	2,881)
Non-current assets	285,485)	257,299)	230,726)	221,131)	189,986)	176,009)	165,341)	153,807)	147,514)	144,258)	137,896)	137,128)	132,008)	126,178)	120,579)	113,792)	104,953)	99,321)	94,164)	89,912)	86,201)
Total assets	395,250)	366,021)	303,844)	294,744)	280,213)	276,054)	256,408)	230,238)	222,844)	229,623)	216,274)	206,688)	184,491)	185,727)	178,894)	169,779)	164,218)	165,987)	169,585)	170,609)	163,523)

Total assets exhibit a significant long-term growth trajectory, increasing from 163,523 million US dollars in March 2021 to 395,250 million US dollars by March 2026. This expansion is characterized by a steady climb through 2023, followed by an accelerated increase in total asset valuation starting in 2024, reflecting a substantial expansion of the organization's balance sheet.

Current Asset Liquidity and Composition: Current assets demonstrate periodic volatility but overall growth, ending the period at 109,765 million US dollars. Cash and cash equivalents show a fluctuating pattern, peaking at 43,889 million US dollars in December 2024 before experiencing a sharp decline to 10,187 million US dollars by September 2025, followed by a recovery to 23,426 million US dollars in March 2026. Marketable securities followed a downward trend from 44,706 million US dollars in early 2021 to a low of 23,541 million US dollars in December 2023, before initiating a strong upward trend to reach 57,754 million US dollars by March 2026. Accounts receivable, net, remained relatively stable until 2023, after which a gradual increase is observed, peaking at 19,769 million US dollars in December 2025.
Fixed Asset Expansion and Infrastructure: The most prominent driver of asset growth is the consistent and aggressive increase in Property and equipment, net. This line item grew linearly and substantially from 47,720 million US dollars in March 2021 to 194,776 million US dollars in March 2026. The sustained quarterly increase suggests a heavy and continuous commitment to capital expenditures, likely associated with infrastructure and hardware scaling.
Long-term Strategic Investments and Intangibles: Non-marketable equity investments remained stagnant at approximately 6 billion US dollars for several years until a sharp inflection point occurred in June 2025, where values surged to 21,988 million US dollars and continued climbing to 28,410 million US dollars by March 2026. Similarly, goodwill remained stable around 20 billion US dollars for the majority of the period before increasing to 24,748 million US dollars in the final quarter analyzed. Operating lease right-of-use assets showed a steady upward trend, moving from 10,202 million US dollars to 23,268 million US dollars.
Shift in Asset Structure: A fundamental shift in the balance sheet composition is evident. In March 2021, current assets represented approximately 47% of total assets. By March 2026, current assets accounted for approximately 28% of the total, while non-current assets grew from 86,201 million US dollars to 285,485 million US dollars. This transition indicates a strategic movement from a liquidity-heavy position toward a more capital-intensive asset base.

Meta Platforms Inc. (NASDAQ:META)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Meta Platforms Inc. (NASDAQ:META)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data