Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Meta Platforms Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue	40,589)	39,071)	36,455)	40,112)	34,146)	31,999)	28,645)	32,165)	27,714)	28,822)	27,908)	33,671)	29,010)	29,077)	26,171)	28,071)	21,470)	18,687)	17,737)	21,082)	17,652)	16,886)	15,077)
Cost of revenue	(7,375)	(7,308)	(6,640)	(7,696)	(6,210)	(5,945)	(6,108)	(8,336)	(5,716)	(5,192)	(6,005)	(6,348)	(5,771)	(5,399)	(5,131)	(5,210)	(4,194)	(3,829)	(3,459)	(3,492)	(3,155)	(3,307)	(2,816)
Gross profit	33,214)	31,763)	29,815)	32,416)	27,936)	26,054)	22,537)	23,829)	21,998)	23,630)	21,903)	27,323)	23,239)	23,678)	21,040)	22,861)	17,276)	14,858)	14,278)	17,590)	14,497)	13,579)	12,261)
Research and development	(11,177)	(10,537)	(9,978)	(10,517)	(9,241)	(9,344)	(9,381)	(9,771)	(9,170)	(8,690)	(7,707)	(7,046)	(6,316)	(6,096)	(5,197)	(5,207)	(4,763)	(4,462)	(4,015)	(3,877)	(3,548)	(3,315)	(2,860)
Marketing and sales	(2,822)	(2,721)	(2,564)	(3,226)	(2,877)	(3,154)	(3,044)	(4,575)	(3,780)	(3,595)	(3,312)	(4,387)	(3,554)	(3,259)	(2,843)	(3,281)	(2,683)	(2,840)	(2,787)	(3,026)	(2,416)	(2,414)	(2,020)
General and administrative	(1,865)	(3,658)	(3,455)	(2,289)	(2,070)	(4,164)	(2,885)	(3,085)	(3,384)	(2,987)	(2,360)	(3,305)	(2,946)	(1,956)	(1,622)	(1,598)	(1,790)	(1,593)	(1,583)	(1,829)	(1,348)	(3,224)	(4,064)
Income from operations	17,350)	14,847)	13,818)	16,384)	13,748)	9,392)	7,227)	6,398)	5,664)	8,358)	8,524)	12,585)	10,423)	12,367)	11,378)	12,775)	8,040)	5,963)	5,893)	8,858)	7,185)	4,626)	3,317)
Interest and other income (expense), net	472)	259)	365)	424)	272)	(99)	80)	(249)	(88)	(172)	384)	118)	142)	146)	125)	280)	93)	168)	(32)	311)	144)	206)	165)
Income before provision for income taxes	17,822)	15,106)	14,183)	16,808)	14,020)	9,293)	7,307)	6,149)	5,576)	8,186)	8,908)	12,703)	10,565)	12,513)	11,503)	13,055)	8,133)	6,131)	5,861)	9,169)	7,329)	4,832)	3,482)
Provision for income taxes	(2,134)	(1,641)	(1,814)	(2,790)	(2,437)	(1,505)	(1,598)	(1,496)	(1,181)	(1,499)	(1,443)	(2,418)	(1,371)	(2,119)	(2,006)	(1,835)	(287)	(953)	(959)	(1,820)	(1,238)	(2,216)	(1,053)
Net income	15,688)	13,465)	12,369)	14,018)	11,583)	7,788)	5,709)	4,653)	4,395)	6,687)	7,465)	10,285)	9,194)	10,394)	9,497)	11,220)	7,846)	5,178)	4,902)	7,349)	6,091)	2,616)	2,429)

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Meta Platforms Inc. revenue increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Meta Platforms Inc. income from operations increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income before provision for income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Meta Platforms Inc. income before provision for income taxes increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Meta Platforms Inc. net income increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Meta Platforms Inc. (NASDAQ:META)

Income Statement Quarterly Data

Income Statement
Quarterly Data