Operating Margin snapshot
Meta Platforms's operating margin was 41.4% in FY2025, compared with 42.2% in FY2024. On a trailing-twelve-month basis it was 41.2% as of Q1 FY26. Operating margin is operating income divided by revenue — the share of sales remaining after both cost of revenue and operating expenses (R&D, SG&A). It measures core operating profitability before interest and taxes.
Operating Margin (latest FY)
41.4%
Operating Margin (TTM)
41.2%
Gross margin (latest FY)
82.0%
Net margin (latest FY)
30.1%
Meta Platforms Operating Margin
Operating income ÷ revenue
Operating Margin vs. related metrics
Meta Platforms Operating Margin — by fiscal year
| Fiscal year | Operating margin | Gross margin | Net margin |
|---|---|---|---|
| FY2025 | 41.4% | 82.0% | 30.1% |
| FY2024 | 42.2% | 81.7% | 37.9% |
| FY2023 | 34.7% | 80.8% | 29.0% |
| FY2022 | 24.8% | 78.3% | 19.9% |
| FY2021 | 39.6% | 80.8% | 33.4% |
| FY2020 | 38.0% | 80.6% | 33.9% |
| FY2019 | 33.9% | 81.9% | 26.1% |
| FY2018 | 44.6% | 83.2% | 39.6% |
| FY2017 | 49.7% | 86.6% | 39.2% |
| FY2016 | 45.0% | 86.3% | 37.0% |
| FY2015 | 34.7% | 84.0% | 20.6% |
| FY2014 | 40.1% | 82.7% | 23.6% |
| FY2013 | 35.6% | 76.2% | 19.1% |
| FY2012 | 10.6% | 73.2% | 1.0% |
| FY2011 | 47.3% | 76.8% | 26.9% |
| FY2010 | 52.3% | 75.0% | 30.7% |
| FY2009 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Operating margin | Gross margin | Net margin |
|---|---|---|---|
| Q1 FY26 | 41.2% | 81.9% | 32.8% |
| Q4 FY25 | 41.4% | 82.0% | 30.1% |
| Q3 FY25 | 43.2% | 82.0% | 30.9% |
| Q2 FY25 | 44.0% | 81.9% | 40.0% |
| Q1 FY25 | 42.9% | 81.7% | 39.1% |
| Q4 FY24 | 42.2% | 81.7% | 37.9% |
| Q3 FY24 | 39.9% | 81.4% | 35.6% |
| Q2 FY24 | 39.3% | 81.4% | 34.3% |
| Q1 FY24 | 37.4% | 81.4% | 32.1% |
| Q4 FY23 | 34.7% | 80.8% | 29.0% |
| Q3 FY23 | 29.0% | 79.0% | 23.4% |
| Q2 FY23 | 23.8% | 78.3% | 18.7% |
Figures normalized from SEC filings. See the full Meta Platforms ratios & metrics.