Meta Platforms, Inc. (META) Spending and interest coverage
- R&D / revenue · 12 months: Value 31.38%; Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 11.01%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 31.38% | Research and development expense / revenue. Period ending 2026-06-30. $71.63B ÷ $228.25B × 100 ≈ 31.38% |
| Stock-based compensation / revenue · 12 months | 11.01% | Share-based compensation / revenue. Period ending 2026-06-30. $25.14B ÷ $228.25B × 100 ≈ 11.01% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 71.63B USD | Research and Development Expense |
| Revenue | 228.25B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 25.14B USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 86.93B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $71.63B | $228.25B | $25.14B | $86.93B | (m) | 31.38% | 11.01% | (m) | (m) |
| 2026-03-31 | $62.92B | $214.96B | $22.31B | $88.59B | (m) | 29.27% | 10.38% | (m) | (m) |
| 2025-12-31 | $57.37B | $200.97B | $20.43B | $83.28B | (m) | 28.55% | 10.16% | (m) | (m) |
| 2025-09-30 | $52.42B | $189.46B | $18.80B | $81.89B | (m) | 27.67% | 9.92% | (m) | (m) |
| 2025-06-30 | $48.45B | $178.80B | $17.49B | $78.71B | (m) | 27.10% | 9.78% | (m) | (m) |
| 2025-03-31 | $46.05B | $170.36B | $17.27B | $73.12B | (m) | 27.03% | 10.14% | (m) | (m) |
| 2024-12-31 | $43.87B | $164.50B | $16.69B | $69.38B | (m) | 26.67% | 10.15% | (m) | (m) |
| 2024-09-30 | $42.21B | $156.23B | $15.85B | $62.40B | (m) | 27.02% | 10.15% | (m) | (m) |
| 2024-06-30 | $40.27B | $149.78B | $15.09B | $58.80B | (m) | 26.89% | 10.08% | (m) | (m) |
| 2024-03-31 | $39.08B | $142.71B | $14.54B | $53.34B | (m) | 27.38% | 10.19% | (m) | (m) |
| 2023-12-31 | $38.48B | $134.90B | $14.03B | $46.75B | $446.00M | 28.53% | 10.40% | 104.82× | Reported |
| 2023-09-30 | $37.74B | $126.96B | $13.61B | $36.77B | (m) | 29.72% | 10.72% | (m) | (m) |
| 2023-06-30 | $37.67B | $120.53B | $13.25B | $28.68B | (m) | 31.25% | 11.00% | (m) | (m) |
| 2023-03-31 | $37.01B | $117.35B | $12.54B | $27.65B | (m) | 31.54% | 10.69% | (m) | (m) |
| 2022-12-31 | $35.34B | $116.61B | $11.99B | $28.94B | (m) | 30.30% | 10.28% | (m) | (m) |
| 2022-09-30 | $32.61B | $118.11B | $11.39B | $35.13B | (m) | 27.61% | 9.64% | (m) | (m) |
| 2022-06-30 | $29.76B | $119.41B | $10.63B | $39.89B | (m) | 24.92% | 8.91% | (m) | (m) |
| 2022-03-31 | $27.16B | $119.67B | $9.83B | $43.90B | (m) | 22.70% | 8.22% | (m) | (m) |
| 2021-12-31 | $24.66B | $117.93B | $9.16B | $46.75B | (m) | 20.91% | 7.77% | (m) | (m) |
| 2021-09-30 | $22.82B | $112.33B | $8.54B | $46.94B | (m) | 20.31% | 7.60% | (m) | (m) |
| 2021-06-30 | $21.26B | $104.79B | $7.88B | $44.56B | (m) | 20.29% | 7.52% | (m) | (m) |
| 2021-03-31 | $19.63B | $94.40B | $7.03B | $38.16B | (m) | 20.79% | 7.45% | (m) | (m) |
| 2020-12-31 | $18.45B | $85.97B | $6.54B | $32.67B | (m) | 21.46% | 7.60% | (m) | (m) |
| 2020-09-30 | $17.12B | $78.97B | $6.03B | $28.75B | (m) | 21.68% | 7.63% | (m) | (m) |
| 2020-06-30 | $15.90B | $75.16B | $5.55B | $27.90B | (m) | 21.16% | 7.39% | (m) | (m) |
| 2020-03-31 | $14.76B | $73.36B | $5.16B | $26.56B | (m) | 20.11% | 7.04% | (m) | (m) |
| 2019-12-31 | $13.60B | $70.70B | $4.84B | $23.99B | $20.00M | 19.24% | 6.84% | 1199.30× | Reported |
| 2019-09-30 | $12.58B | $66.53B | $4.53B | $22.95B | (m) | 18.90% | 6.82% | (m) | (m) |
| 2019-06-30 | $11.69B | $62.60B | $4.32B | $21.54B | (m) | 18.67% | 6.91% | (m) | (m) |
| 2019-03-31 | $10.89B | $58.95B | $4.21B | $22.78B | (m) | 18.48% | 7.14% | (m) | (m) |
| 2018-12-31 | $10.27B | $55.84B | $4.15B | $24.91B | $9.00M | 18.40% | 7.44% | 2768.11× | Reported |
| 2018-09-30 | $9.37B | $51.90B | $3.99B | $24.45B | (m) | 18.05% | 7.70% | (m) | (m) |
| 2018-06-30 | $8.76B | $48.50B | $3.96B | $23.79B | (m) | 18.07% | 8.18% | (m) | (m) |
| 2018-03-31 | $8.16B | $44.59B | $3.81B | $22.32B | (m) | 18.30% | 8.55% | (m) | (m) |
| 2017-12-31 | $7.75B | $40.65B | $3.72B | $20.20B | $6.00M | 19.07% | 9.16% | 3367.17× | Reported |
| 2017-09-30 | $7.37B | $36.49B | $3.74B | $17.42B | (m) | 20.19% | 10.25% | (m) | (m) |
| 2017-06-30 | $6.86B | $33.17B | $3.55B | $15.41B | (m) | 20.67% | 10.71% | (m) | (m) |
| 2017-03-31 | $6.41B | $30.29B | $3.34B | $13.74B | (m) | 21.16% | 11.02% | (m) | (m) |
| 2016-12-31 | $5.92B | $27.64B | $3.22B | $12.43B | $10.00M | 21.42% | 11.64% | 1242.70× | Reported |
| 2016-09-30 | $5.66B | $24.67B | $3.12B | $10.44B | (m) | 22.94% | 12.63% | (m) | (m) |
| 2016-06-30 | $5.39B | $22.16B | $3.06B | $8.77B | (m) | 24.33% | 13.79% | (m) | (m) |
| 2016-03-31 | $5.10B | $19.77B | $3.01B | $7.30B | (m) | 25.79% | 15.24% | (m) | (m) |
| 2015-12-31 | $4.82B | $17.93B | $2.96B | $6.22B | $23.00M | 26.86% | 16.51% | 270.65× | Reported |
| 2015-09-30 | $4.61B | $15.94B | $3.06B | $4.80B | (m) | 28.94% | 19.19% | (m) | (m) |
| 2015-06-30 | $3.95B | $14.64B | $2.65B | $4.74B | (m) | 26.98% | 18.14% | (m) | (m) |
| 2015-03-31 | $3.27B | $13.51B | $2.21B | $4.85B | (m) | 24.23% | 16.33% | (m) | (m) |
| 2014-12-31 | $2.67B | $12.47B | $1.79B | $4.99B | $23.00M | 21.39% | 14.33% | 217.13× | Reported |
| 2014-09-30 | $1.96B | $11.20B | $1.21B | $4.99B | (m) | 17.53% | 10.84% | (m) | (m) |
| 2014-06-30 | $1.73B | $10.01B | $1.10B | $4.33B | (m) | 17.23% | 10.99% | (m) | (m) |
| 2014-03-31 | $1.58B | $8.92B | $1.01B | $3.51B | (m) | 17.69% | 11.33% | (m) | (m) |
| 2013-12-31 | $1.42B | $7.87B | $906.00M | $2.80B | $56.00M | 17.98% | 11.51% | 50.07× | Reported |
| 2013-09-30 | $1.30B | $6.87B | $817.00M | $2.19B | $66.00M | 18.96% | 11.89% | 33.26× | Reported |
| 2013-06-30 | $1.18B | $6.12B | $757.00M | $1.83B | $56.00M | 19.25% | 12.37% | 32.77× | Reported |
| 2013-03-31 | $1.54B | $5.49B | $1.64B | $530.00M | $53.00M | 28.04% | 29.86% | 10.00× | Reported |
| 2012-12-31 | $1.40B | $5.09B | $1.57B | $538.00M | $51.00M | 27.49% | 30.89% | 10.55× | Reported |
| 2012-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2012-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2012-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-12-31 | $388.00M | $3.71B | $217.00M | $1.76B | $42.00M | 10.46% | 5.85% | 41.81× | Reported |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | $144.00M | $1.97B | $20.00M | $1.03B | $22.00M | 7.29% | 1.01% | 46.91× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.