---
title: "Meta Reports $64.6 Billion in Quarterly Revenue"
canonical: "https://thestockmemo.com/article/meta-reports-64-6-billion-in-quarterly-revenue"
markdown: "https://thestockmemo.com/article/meta-reports-64-6-billion-in-quarterly-revenue.md"
type: article
published: "2026-10-22T07:14:48.171607+00:00"
updated: "2026-10-22T07:14:48.171607+00:00"
company: "Meta Platforms Inc"
ticker: "META"
isin: "US30303M1027"
price_as_of: "2026-10-27T11:00:47.412+00:00"
image: "https://thestockmemo.com/media/e0c0dbc4-d3ee-4046-b17c-1472eff579aa.png"
tags:
  - "Earnings"
  - "Media & Entertainment"
  - "United States"
---

# Meta Reports $64.6 Billion in Quarterly Revenue

> The company's third-quarter 2026 revenue rose 26% year-over-year to $64.60 billion.

Meta Platforms reported third-quarter 2026 revenue of $64.60 billion, up 26% year-over-year, with diluted earnings per share of $3.83. The company also raised its full-year capital expenditure and expense guidance.

## Key figures

| Field | Value |
| --- | --- |
| Company | Meta Platforms Inc |
| Ticker | META · NASDAQ |
| ISIN | US30303M1027 |
| Sector | Internet |
| Price | $629.25 |
| Price target | $844.26 |
| Upside | +34.2% |
| Fair Value | $850.00 |
| Rating | Buy |
| Sentiment | Positive |

## What happened

Meta Platforms Inc (NASDAQ: META) reported third-quarter 2026 revenue of $64.60 billion, up 26% year-over-year.

Capital expenditures, including principal payments on finance leases, came to $34.91 billion for the quarter. Capital expenditures are what a company spends on long-lived assets like buildings and equipment.

## Why it matters

Advertising remains Meta's core business. Family of Apps advertising revenue totaled $63.1 billion in the third quarter of 2026. That marked a 26% increase year-over-year, which the company attributed to ad performance gains and user engagement.

Ad impressions across the Family of Apps rose 10% year-over-year. The average price per ad climbed 14% over the same period. Both increases suggest advertisers placed a higher value on Meta's ad space during the quarter.

Capital spending guidance also moved higher. Meta now expects 2026 capital expenditures, including principal payments on finance leases, of $135-145 billion. That narrows its prior range, which had a lower bound of $130 billion. The company also said it now expects its full-year expense forecast to be $175-179 billion.

Free cash flow turned negative, at $2.12 billion in the third quarter of 2026. A year earlier, it stood at positive $10.625 billion.

## By the numbers

Meta earned $3.83 in diluted earnings per share for the third quarter of 2026, up 265% from $1.05 a year earlier.

Costs and expenses included a $9.89 billion litigation charge. Operating income was $12.988 billion in the third quarter of 2026. By Meta's own calculation, operating income would have reached $22.88 billion and diluted earnings per share would have been $7.40 without the charge.

- Family Daily Active People averaged 3.64 billion in September 2026, up 3% year-over-year.
- Cash, cash equivalents and marketable securities were $82.45 billion as of September 30, 2026.
- Meta expects fourth-quarter 2026 revenue of $73 billion to $76 billion.
- Meta stock closed at $712.65 on October 21, 2026, up 2.65% for the session.

## What to watch

Meta's board has approved a new class of publicly traded, non-voting Class C common stock, effective January 2027.

---

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Source: https://thestockmemo.com/article/meta-reports-64-6-billion-in-quarterly-revenue