Meta Platforms, Inc. (META) Stock Price & Analysis
Meta Platforms, Inc. (META) closed at USD 648.85 on Thursday, October 22, 2026, down 6.98% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 697.52; the Oct 22, 2026 session ranged USD 639.69–681.07 on volume of 40,510,072 shares. Market capitalization is $1.65T, with a 52-week range of USD 520.26–779.82 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/META.md
Latest Earnings Results (META)
Meta Platforms, Inc. (META) reported Q3 2026 results on Oct 21, 2026, 4:03:35 PM ET: GAAP EPS $3.83 vs. estimate $5.46 (miss), revenue $64.60B vs. estimate $63.41B (beat). Guidance: Expects Q4 2026 total revenue in the range of $73-76 billion. Source: SEC 8-K filing. Nexqual published it 97 seconds after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $3.83 (GAAP diluted) | $64.60B | Oct 21, 2026, 4:03:35 PM ET · on Nexqual +97 seconds | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (META)
- Last four reported quarters (through Sep 30, 2026): revenue $242B, net income $75.2B (31.1% margin), free cash flow $28.6B (SEC filings).
- Valuation: P/E 22.0x (avg 25.5x at the last 3 fiscal year-ends), EV/EBITDA 16.0x, net debt $1.22B.
- 32 of 80 tracked superinvestors hold META (13F, Q2 2026 (2 investors on Q3 2026, filed early)): 5 new, 10 added, 13 reduced, 4 unchanged.
- Analysts: Buy (mean 1.98 on a 1–5 scale) (62 analysts), mean target USD 843.48 (range 600–1,050).
- Total return with dividends: 1Y -11.3% vs S&P 500 +14.9%; 5Y +101.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-21, EPS estimate USD 8.33, revenue estimate $74.9B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (META)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $118B | $117B | $135B | $165B | $201B | $242B |
| Gross profit | $95.3B | $91.4B | $109B | $134B | $165B | — |
| Operating income | $46.8B | $28.9B | $46.8B | $69.4B | $83.3B | $79.4B |
| Net income | $39.4B | $23.2B | $39.1B | $62.4B | $60.5B | $75.2B |
| EPS (diluted) | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 | — |
| Free cash flow | $39.0B | $19.3B | $44.1B | $54.1B | $46.1B | $28.6B |
| Gross margin | 80.8% | 78.3% | 80.8% | 81.7% | 82.0% | — |
| Operating margin | 39.6% | 24.8% | 34.7% | 42.2% | 41.4% | 32.9% |
| Net margin | 33.4% | 19.9% | 29.0% | 37.9% | 30.1% | 31.1% |
| Revenue growth | +37.2% | -1.1% | +15.7% | +21.9% | +22.2% | — |
| Cash + short-term investments | $48.0B | $40.7B | $65.4B | $77.8B | $81.6B | — |
| Total debt | $0K | $9.92B | $18.4B | $28.8B | $58.7B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (META)
P/E 22.0x · P/S 6.8x · EV/EBITDA 16.0x · EV/Sales 6.8x · P/FCF 57.7x · P/B 6.1x · FCF yield 1.73% · Earnings yield 4.55% · Dividend yield (paid, TTM) 0.33% · Buyback yield (TTM) 0.00% · Net debt $1.22B · EV $1.65T
P/E at fiscal year-ends: Dec 2025 28.1x, Dec 2024 24.5x, Dec 2023 23.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (META)
32 of 80 tracked investors hold META (2 investors on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| Robert Vinall | RV Capital GmbH | 20.45% | $78.3M | Reduced -4.5% | Q2 2026 |
| Bill Ackman | Pershing Square | 9.25% | $1.80B | New position | Q2 2026 |
| ValueAct Capital | 9.15% | $516M | Unchanged | Q2 2026 | |
| David Rolfe | Wedgewood Partners | 8.89% | $43.1M | Added +16.2% | Q2 2026 |
| Pat Dorsey | Dorsey Asset Management | 7.21% | $113M | Added +23.6% | Q2 2026 |
| Chase Coleman | Tiger Global Management | 6.63% | $1.59B | Reduced -8.5% | Q2 2026 |
| Triple Frond Partners | 5.91% | $66.3M | Unchanged | Q2 2026 | |
| Francois Rochon | Giverny Capital | 5.74% | $171M | Reduced -1.6% | Q2 2026 |
| David Tepper | Appaloosa Management | 5.09% | $380M | Added +54.6% | Q2 2026 |
| First Pacific Advisors | 4.81% | $383M | Reduced -0.1% | Q2 2026 | |
| Terry Smith | Fundsmith | 4.34% | $593M | Reduced -20.4% | Q2 2026 |
| Clifford Sosin | CAS Investment Partners | 4.08% | $76.7M | New position | Q2 2026 |
| Wallace Weitz | Weitz Investment Management | 4.02% | $58.0M | Reduced -2.6% | Q2 2026 |
| Christopher Davis | Davis Advisors | 3.99% | $929M | Reduced -4.1% | Q2 2026 |
| Lee Ainslie | Maverick Capital | 3.88% | $430M | New position | Q2 2026 |
| David Abrams | Abrams Capital Management | 3.34% | $183M | Unchanged | Q2 2026 |
| Samantha McLemore | Patient Capital Management | 3.20% | $96.2M | Reduced -0.2% | Q2 2026 |
| First Eagle Investment | First Eagle Investment Management | 3.03% | $1.81B | Added +0.8% | Q2 2026 |
| Viking Global | Viking Global Investors | 3.00% | $1.05B | Added +75.8% | Q2 2026 |
| David Katz | Matrix Asset Advisors | 2.31% | $28.0M | Added +2.4% | Q3 2026 |
| Dodge & Cox Funds | Dodge & Cox | 1.91% | $3.66B | Added +29.4% | Q2 2026 |
| Mairs & Power | Mairs & Power Funds | 1.72% | $188M | Added +2.5% | Q2 2026 |
| Polen Capital | Polen Capital Management | 1.60% | $186M | Reduced -30.9% | Q2 2026 |
| Jensen Investment Management | 1.49% | $61.7M | Reduced -67.9% | Q2 2026 | |
| John Armitage | Egerton Capital | 1.42% | $140M | New position | Q3 2026 |
| Ruane Cunniff | Ruane Cunniff LP | 1.35% | $86.9M | Reduced -23.3% | Q2 2026 |
| Sarah Ketterer | Causeway Capital Management | 1.23% | $113M | Added +39.1% | Q2 2026 |
| Thomas Gayner | Markel Group | 1.00% | $132M | Reduced -5.7% | Q2 2026 |
| Bill Miller | Miller Value Partners | 0.85% | $3.6M | New position | Q2 2026 |
| Van Den Berg Management I | 0.70% | $3.3M | Reduced -2.3% | Q2 2026 | |
| Glenn Greenberg | Brave Warrior Advisors | <0.01% | $210K | Unchanged | Q2 2026 |
| Bill Nygren | Oakmark Funds | <0.01% | $2.6M | Added +4.3% | Q2 2026 |
Analysts (META)
Consensus Buy (mean 1.98 on a 1–5 scale), 62 analysts; mean target USD 843.48 (low 600, high 1,050).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | UBS | Target raised | Buy | $884 → $892 |
| 2026-10-22 | Citigroup | Target raised | Buy | $895 → $905 |
| 2026-10-22 | DA Davidson | Target raised | Buy | $700 → $800 |
| 2026-10-22 | BMO Capital | Target raised | Market Perform | $580 → $685 |
| 2026-10-22 | Evercore ISI Group | Target raised | Outperform | $860 → $870 |
| 2026-10-22 | Mizuho | Target raised | Outperform | $750 → $950 |
| 2026-10-22 | Barclays | Target raised | Overweight | $780 → $880 |
| 2026-10-22 | RBC Capital | Target raised | Outperform | $770 → $800 |
| 2026-10-22 | Wells Fargo | Target lowered | Overweight | $1000 → $995 |
| 2026-10-22 | Citizens | Reiterated | Market Outperform | $885 |
| 2026-10-22 | Scotiabank | Target raised | Sector Perform | $600 → $650 |
| 2026-10-22 | JP Morgan | Target raised | Overweight | $920 → $940 |
Total return (dividends reinvested) (META)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -11.3% | +101.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -11.3% | +15.0% |
| Volatility (annualized) | 42.8% | 43.3% |
| Max drawdown | -29.9% (Oct 2025→Mar 2026) | -73.7% (Nov 2021→Oct 2022) |
META revenue by business segment (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Family of Apps | $64.16B | 99.3% | +26.4% |
| Reality Labs | $443.0M | 0.7% | -5.7% |
| Total revenue | $64.60B | 100% | — |
META revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Advertising | $63.06B | 97.6% | +25.9% |
| Other revenue | $1.10B | 1.7% | +59.0% |
| Total revenue | $64.60B | 100% | — |
META revenue by region (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| US & Canada | $26.22B | 40.6% | +33.0% |
| Asia Pacific | $16.99B | 26.3% | +18.8% |
| Europe | $14.02B | 21.7% | +21.2% |
| Rest Of World | $7.37B | 11.4% | +30.1% |
| Total revenue | $64.60B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
META suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | ByteDance | “User growth and engagement are also impacted by a number of other factors, including competitive products and services, such as TikTok, that have reduced some users' engagement with our products and services, as well as global and regional business, macroeconomic, and geopolitical conditions.” |
| Competitor | Apple (AAPL) | “For example, each of Apple and Google have integrated competitive products with iOS and Android, respectively.” |
| Competitor | Alphabet (Google) (GOOGL) | “For example, each of Apple and Google have integrated competitive products with iOS and Android, respectively.” |
Quoted from the company's 10-K filed Jan 29, 2026.
Companies that name META in their SEC reports
| Relationship to META | Company | Filing | Sentence |
|---|---|---|---|
| partner | AIRWA INC. (YYAI) | 10-K Sep 21, 2026 | “partners, resellers, and other intermediaries that have relationships with Google, Meta, TikTok and other digital advertising platforms” |
| competitor | QUINSTREET, INC (QNST) | 10-K Aug 26, 2026 | “Some of our competition also comes from agencies or clients spending directly with larger websites or portals, including Google, Yahoo!, Microsoft and Meta.” |
| partner | KNOREX LTD. (KNRX) | 20-F Aug 19, 2026 | “commitment to excellence has been recognized by our industry partners, including being enlisted as a Meta Business Partner and Google” |
| partner | Paranovus Entertainment Technology Ltd. (PAVS) | 20-F Aug 14, 2026 | “We planned to utilize social media platforms like Facebook, Instagram, Twitter, and TikTok to share engaging content, conduct live demos, and collaborate with influencers.” |
| competitor | LiveOne, Inc. (LVO) | 10-K Jun 29, 2026 | “Our competitors include (i) broadcast radio providers, including terrestrial radio providers such as CBS and satellite radio providers such as Sirius XM, (ii) interactive on-demand audio content and pre-recorded entertainment, such as Apple Music, Amazon Music, Spotify and Pandora that allow listeners to stream music or select the audio content that they stream or purchase, (iii) podcast providers, including Amazo…” |
| customer | Coincheck Group N.V. (CNCK) | 20-F Jun 29, 2026 | “We utilize primarily digital marketing, both broad-based advertisements on platforms, such as Facebook and YouTube, and more targeted advertisements on search platforms as well as affiliated programs.” |
| competitor | PodcastOne, Inc. (PODC) | 10-K Jun 29, 2026 | “In particular, if known incumbents in the digital media space such as Facebook choose to offer competing services, they may devote greater resources than we have available, have a more accelerated time frame for deployment, and leverage their existing listener base and proprietary technologies to provide services that our listeners and advertisers may view as superior.” |
| supplier | American Outdoor Brands, Inc. (AOUT) | 10-K Jun 25, 2026 | “We believe social media platforms, such as Facebook, Instagram, and YouTube, are effective in enabling us to showcase content, educate our customer base about our products, and generate enthusiasm for most of our brands.” |
| supplier | Rocky Mountain Chocolate Factory, Inc. (RMCF) | 10-K May 29, 2026 | “The majority of stores have location-specific Facebook® and Instagram® accounts dedicated to helping customers interact directly with their local store.” |
| partner | Reservoir Media, Inc. (RSVR) | 10-K May 28, 2026 | “In connection with the digital distribution of our music, we currently partner with a broad range of digital music services, such as Amazon, Apple, Deezer, Spotify, SoundCloud, Tencent Music Entertainment Group and YouTube; radio services, such as iHeart Radio, Pandora and SiriusXM; fitness platforms, such as Apple Fitness+, Equinox, and Peloton; and social media outlets, such as Facebook, Instagram, Snapchat and …” |
| competitor | Digital Turbine, Inc. (APPS) | 10-K May 26, 2026 | “Broadly, our ODS platform faces competition from existing operator solutions built internally, as well as companies providing application and content media products and services, such as Facebook, Snapchat, Unity Software, lnMobi, Magnite, AppLovin, and others.” |
| partner | VODAFONE GROUP PUBLIC LTD CO (VOD) | 20-F May 22, 2026 | “Through partnerships with second-tier OEMs and local assembly initiatives in Egypt and South Africa, we introduced affordable models ranging from $20 to $42, tailored with features like WhatsApp, Facebook, YouTube, and long-lasting batteries.” |
| partner | TAKE TWO INTERACTIVE SOFTWARE INC (TTWO) | 10-K May 22, 2026 | “We advertise our mobile games primarily within other mobile applications and on social networks, often through in-app and other advertising partners such as Facebook and Google.” |
| competitor | Doximity, Inc. (DOCS) | 10-K May 19, 2026 | “•Competing for members: We compete with large technology companies that have developed online networking and collaboration tools such as LinkedIn, Facebook, Google, and X, in addition to smaller, emerging companies.” |
| supplier | MASTERBEEF GROUP (MB) | 20-F May 15, 2026 | “media channels, we actively communicate to our customers in social media platforms such as Facebook and Instagram.” |
META company outlook (results filed Oct 21, 2026)
- “Commentary We expect fourth quarter 2026 total revenue to be in the range of $73-76 billion.”
- “Our guidance assumes foreign currency is an approximately 1% headwind to year-over-year total revenue growth, based on current exchange rates.”
- “We are raising our expense outlook to incorporate the $9.9 billion charge related to legal proceedings recognized in the third quarter.”
- “We now expect full year 2026 total expenses to be in the range of $175-179 billion.”
Quoted word-for-word from the SEC 8-K results press release.
META analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $8.33 | $8.49 | -1.9% | $74.94B | 41 |
| Next quarter (ends Mar 2027) | $7.62 | $8.34 | -8.6% | $68.38B | 29 |
| Current fiscal year (ends Dec 2026) | $29.24 | $33.05 | -11.5% | $256.54B | 53 |
| Next fiscal year (ends Dec 2027) | $33.92 | $35.14 | -3.5% | $311.29B | 55 |
META options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 26, 2026 | 3 | 40.7% | ±3.5% |
| Oct 28, 2026 | 5 | 42.5% | ±4.4% |
| Oct 30, 2026 | 7 | 41.9% | ±5.0% |
| Nov 2, 2026 | 10 | 38.4% | ±5.4% |
| Nov 4, 2026 | 12 | 38.5% | ±5.9% |
| Nov 6, 2026 | 14 | 39.8% | ±6.5% |
| Nov 13, 2026 | 21 | 38.5% | ±7.6% |
| Nov 20, 2026 | 28 | 38.0% | ±8.6% |
30-day implied volatility 37.5% vs 51.9% realized over the last 30 trading days. Put/call ratio (volume) 0.54. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:49 UTC)
| Price | USD 648.85 |
|---|---|
| Change | ▼ 6.98% (down) |
| Previous Close | USD 697.52 |
| Open | USD 675.79 |
| Day Range | USD 639.69 – 681.07 |
| 52-Week Range | USD 520.26 – 779.82 |
| Volume | 40,510,072 shares |
| Market Cap | $1.65T |
| Exchange | NMS |
Technical Analysis (META)
Nexqual's technical model rates META "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:49 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 39.26 (neutral) |
| vs SMA50 | Below (USD 662.86) |
| MACD | 3.39 (positive) |
Analyst Ratings (META)
Wall Street analysts rate META "Buy" based on 62 analysts, with a mean price target of USD 843.48 (range USD 600–1,050), per Nexqual as of October 23, 2026 at 09:49 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 62 |
| Mean Target | USD 843.48 |
| High Target | USD 1,050 |
| Low Target | USD 600 |
| Buy / Hold / Sell | 55 / 6 / 1 |
Earnings (META)
| Next Earnings Date | 2026-10-21 |
|---|---|
| EPS Estimate | USD 8.49 |
| Revenue Estimate | $74.94B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 3.83 vs est 5.46 ▼ miss |
| 2026-06-30 | USD 6.18 vs est 7.22 ▼ miss |
| 2026-03-31 | USD 10.44 vs est 6.66 ▲ beat |
| 2025-12-31 | USD 8.88 vs est 8.22 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financials & Fundamentals (META)
| Total Revenue | $228.25B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +28.00% |
| Gross Margin | +81.75% |
| Operating Margin | +34.83% |
| Profit Margin | +29.83% |
| ROE | +29.85% |
| Debt / Equity | 0.43 |
| Current Ratio | 2.23 |
| Total Cash | $90.26B |
| Total Debt | $112.32B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $28.65B (11.9% of revenue) |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financial Health Score (META)
Nexqual rates Meta Platforms, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:49 UTC.
| Growth | Strong — Revenue +22% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 82%, operating 35% (last 12 months) |
| Balance Sheet | Strong — $82.4B cash and investments vs $83.7B debt (Sep 2026, SEC) |
| Cash Flow | Solid — FCF $28.6B (last 4 quarters to Sep 2026, SEC), 12% margin |
| Efficiency | Strong — ROE 30%, ROA 14.6% |
Ownership (META)
| Insider Ownership | +0.15% |
|---|---|
| Institutional Ownership | +79.09% |
| Shares Outstanding | 2.21B |
| Float | 2.20B |
| Short % of Float | +1.52% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Leadership (META)
Meta Platforms, Inc. is led by Mark Elliot Zuckerberg, Founder, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:49 UTC.
| Founder, Chairman & CEO | Mark Elliot Zuckerberg |
|---|---|
| President & Vice Chairman | Dina Powell McCormick |
| Chief Financial Officer | Susan J. S. Li |
| Chief Operating Officer | Javier Olivan |
| Chief Technology Officer | Andrew Bosworth |
Major Backers & Investors (META)
Notable institutional backers of Meta Platforms, Inc. include FMR, LLC, Capital Group, Fidelity, according to Nexqual as of October 23, 2026 at 09:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 4.35% |
| Capital Group | 3.65% |
| Fidelity | 2.2% |
| JPMorgan | 2.08% |
| Morgan Stanley | 1.79% |
| Growth Fund of America | 1.14% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.24% |
| BlackRock | 7.86% |
| State Street | 4.17% |
| Geode Capital | 2.49% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
From Meta Platforms, Inc.'s Latest SEC 10-K Filing (filed 2026-01-29)
Key Strengths & Strategy (as disclosed to the SEC)
- We do not believe that our proprietary technology is dependent on any single patent or copyright or groups of related patents or copyrights.
- To establish and protect our proprietary rights, we rely on a combination of patents, trademarks, copyrights, trade secrets, including know-how, license agreements, confidentiality procedures, non-disclosure agreements with third parties, employee disclosure and invention assignment agreements, and other contractual rights.
- Across our work, we are innovating to build new experiences that help make our platform more social, useful, and immersive.
- Ads on our platform enable marketers to reach people across a range of marketing objectives, such as generating leads or driving awareness.
Legal & Regulatory Risks (Item 1A, quoted)
- Risks Related to Data, Security, Platform Integrity, and Intellectual Property
- Risks Related to Ownership of Our Class A Common Stock
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GOOGL | Alphabet Inc. | USD 324.22 | ▼ 3.15% |
| SPOT | Spotify Technology S.A. | USD 583.66 | ▲ 11.1% |
| NBIS | Nebius Group N.V. | USD 159.17 | ▼ 7.23% |
| RDDT | Reddit, Inc. | USD 150.26 | ▼ 1.97% |
| BIDU | Baidu, Inc. | USD 77.98 | ▼ 1.07% |
| TME | Tencent Music Entertainment Gro | USD 8.6 | ▲ 1.9% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt