META Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), META reported revenue of $39.1B, gross profit of $31.8B (81.3% gross margin), operating income of $14.8B, and net income of $13.5B (34.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
META was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
META Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $39.1B | 100% |
| Cost of Revenue | −$7.3B | 18.7% |
| Gross Profit | $31.8B | 81.3% |
| Research & Development | −$10.5B | 27.0% |
| Selling, General & Administrative | −$6.4B | 16.3% |
| Operating Income | $14.8B | 38.0% |
| Other Income, net | $259M | 0.7% |
| Income Tax Expense | −$1.6B | 4.2% |
| Net Income | $13.5B | 34.5% |
Source: original SEC filing (filed 2024-07-31). Accession 0001326801-24-000065. Data normalized by EarningsFyi.