Companies: 10,795·Total market cap: $144.5T
Meta Platforms, Inc.

Meta Platforms, Inc.

METANASDAQCommunication Services● Active
$593.00
$-34.57(-5.51%)
Market Cap$1.51T
P/E Ratio—
52W High$796.25
52W Low$520.26
Free Cash FlowFinancialsRevenue

Meta Platforms, Inc. (META) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

META · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $46.11B for FY2025 (fiscal year ending 2025-12-31), down 14.7% year-over-year The FCF margin was 22.9%. Five-year CAGR stands at +14.3%.

FY2025 Free Cash Flow$46.11B▼ -14.7% YoY
Trailing 12M (TTM)$48.25Btrailing 4 quarters sum
FCF Margin22.9%$46.11B ÷ revenue
3-Year CAGR+34.3%FY2022 → FY2025
5-Year CAGR+14.3%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
meta free cash flow history · meta free cash flow chart · meta free cash flow growth rate · meta free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$46.11B▼ 14.7%22.9%
FY2024$54.07B▲ +23.3%32.9%
FY2023$43.85B▲ +130.2%32.5%
FY2022$19.04B▼ 51.3%16.3%
FY2021$39.12B▲ +65.5%33.2%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
meta free cash flow 2025 · meta free cash flow 2024 · meta free cash flow 2023 · meta operating cash flow

FCF valuation metrics

Meta Platforms, Inc. (META) trades at a FCF yield of 3.21% and a price-to-free-cash-flow ratio of 31.0x. FCF per share stands at $19.14, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
3.21%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$19.14
TTM FCF ÷ Shares Outstanding
Price / FCF
x31.0
Share Price ÷ FCF per Share
EV / FCF (TTM)
x32.5
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
meta price to free cash flow · meta free cash flow yield · meta free cash flow per share · meta price to cash flow ratio

Cash flow statement summary

For FY2025, Meta Platforms, Inc. generated $115.80B in operating cash flow and spent 69.69B in capital expenditures, yielding $46.11B in free cash flow.

Operating Activities
+$115.80B
Cash from core business operations
2025-12-31
Investing Activities
−$102.00B
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$20.37B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($115.80B) − |CapEx| (69.69B) = FCF ($46.11B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
meta cash flow statement · meta cash flow statement 2025 · meta operating cash flow · meta cash flow from operations

Free cash flow vs peers (Communication Services)

#CompanyFree Cash FlowYoY
#1
Meta Platforms, Inc.
Meta Platforms, Inc.YOU
META
$46.11B-14.7%
#2
Alphabet Inc.
Alphabet Inc.
GOOGL
$73.27B+0.7%#3
Alphabet Inc.
Alphabet Inc.
GOOG
$73.27B+0.7%#4
Verizon Communications, 5.9% 15 Feb 2054
Verizon Communications, 5.9% 15 Feb 2054
VZA
$19.68B+4.0%#5
T-Mobile US, Inc.
T-Mobile US, Inc.
TMUS
$18.00B+80.3%#6
Netflix, Inc.
Netflix, Inc.
NFLX
$9.46B+36.7%
Communication Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Meta Platforms, Inc. (META) reported free cash flow of $46.11B for FY2025 (fiscal year ending 2025-12-31), down 14.7% year-over-year. The FCF margin was 22.9%.

Based on available data, Meta Platforms, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $54.07B in FY2024. The 5-year CAGR stands at +14.3%.

Meta Platforms, Inc.'s FCF yield is 3.21% and price-to-FCF ratio is 31.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

META free cash flow · 8 questions

Meta Platforms, Inc. free cash flow was $46.11B for FY2025, down 14.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $48.25B.

META free cash flowMETA FCFMETA FCF 2025META free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Meta Platforms, Inc. · Meta Platforms, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026