EI Earnings Insight Lab
Meta Platforms, Inc.

Meta Platforms, Inc. FY 2023 Earnings Analysis

Reported on 2024-02-02 / Fiscal Year FY 2023
Revenue Up YoY EPS Up YoY Strong Year
Meta Platforms, Inc. reported FY 2023 results with relatively stable operating performance.

Revenue grew 15.7% year over year. Meta Platforms, Inc. also posted year-over-year earnings growth, reinforcing a more resilient operating profile.

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Source: Company filings / processed earnings data
Revenue
$134.9B
YoY: 15.6875%
QoQ: N/A
Net Income
$39.1B
YoY: 68.5259%
QoQ: N/A
EPS (Diluted)
$14.87
YoY: 73.11%
Net Margin
29%
YoY: 9.09 pts
QoQ: N/A
Gross Margin
80.8%
Operating Margin
34.7%
Growth

Revenue trend

Revenue trend remains stable.

Profitability

Margin and earnings quality

Profitability was broadly stable.

Investor Focus

What matters next

Investors will continue watching execution quality.

Revenue & YoY Growth

Annual

Revenue trend and year-over-year growth across recent reported annual periods.

Net Income & Net Margin

Annual

Net income and net margin trend over recent reported annual periods.

Revenue Analysis

Meta Platforms, Inc. reported $134.9B in revenue for FY 2023, up 15.7% YoY. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Fiscal Year $134.9B
Previous Fiscal Year $116.6B
YoY Change +15.7%

Profitability Analysis

Net income came in at $39.1B, up 68.5% YoY. Net margin was 29%. Sequential margin improvement suggests stronger operating discipline despite a mixed revenue environment.

Profitability Snapshot
Net Income $39.1B
EPS $14.87
Net Margin 29%
YoY Margin Change +9.1 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Meta Platforms, Inc.'s revenue in FY 2023?

Meta Platforms, Inc. reported revenue of $134.9B in FY 2023.

What was Meta Platforms, Inc.'s net income in FY 2023?

Meta Platforms, Inc. reported net income of $39.1B in FY 2023.

How did Meta Platforms, Inc.'s revenue change year over year?

Meta Platforms, Inc.'s revenue increased by 15.7% year over year in FY 2023.

What was Meta Platforms, Inc.'s net margin in FY 2023?

Meta Platforms, Inc.'s net margin was 29% in FY 2023.

Related
Meta Platforms, Inc. FY 2022 Earnings

Compare this fiscal year with the previous annual earnings report.

Related
Meta Platforms, Inc. Company Overview

Explore company profile, industry, and historical context.

Related
Meta Platforms, Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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