Separate operating growth from the legal charge
Revenue increased 26% year over year. GAAP operating margin was 20% and net income was $9.860 billion.
A $9.89 billion litigation charge reduced diluted EPS by $3.57. Excluding that charge, EPS would have been $7.40; reported GAAP EPS remains $3.83.
Advertising and investment
Ad impressions increased 10% and average price per ad rose 14%. Capital expenditures including finance-lease principal were $34.91 billion; free cash flow was negative $2.12 billion.
Official sources
What to watch
01
Q4 company outlook
Meta expects revenue of $73–76 billion. This is management guidance, not a reported result or analyst consensus.
02
2026 capital spending
Full-year capital expenditure guidance is $135–145 billion, narrowed from $130–145 billion. The measure includes finance-lease principal payments.
Questions and answers
What was Meta’s reported EPS?
GAAP diluted EPS was $3.83. The $7.40 figure excludes the litigation charge and should be labeled accordingly.
Are Q4 results available?
No. The $73–76 billion Q4 revenue range is company guidance published with the October 21 results.