Meta Platforms Inc. (META)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	108,131,000	99,805,000	94,000,000	91,687,000	91,103,000	94,698,000	95,939,000	95,987,000	95,124,000	90,675,000	84,712,000	75,892,000	69,131,000	63,876,000	61,097,000	59,819,000	57,805,000	54,226,000	51,042,000	48,483,000
Revenue (ttm)	US$ in thousands	134,089,000	126,404,000	120,105,000	117,039,000	116,352,000	117,959,000	119,255,000	119,510,000	117,773,000	112,186,000	104,646,000	94,256,000	85,823,000	78,849,000	75,031,000	73,231,000	70,574,000	66,300,000	62,379,000	58,727,000
Gross profit margin		80.64%	78.96%	78.26%	78.34%	78.30%	80.28%	80.45%	80.32%	80.77%	80.83%	80.95%	80.52%	80.55%	81.01%	81.43%	81.69%	81.91%	81.79%	81.83%	82.56%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $108,131,000K ÷ $134,089,000K
= 80.64%

The gross profit margin of Meta Platforms Inc has shown variations in recent quarters, ranging from 78.34% to 80.76%. Overall, the company has maintained a relatively high gross profit margin, indicating its ability to generate profit from its core operations after accounting for the cost of goods sold. The margin peaked in Q4 2023 at 80.76%, possibly reflecting efficient cost management or stronger pricing power. Despite some fluctuations, the margins have generally remained above 78%, showcasing consistent profitability at the gross level.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Meta Platforms Inc.

Meta Platforms Inc. (META)

Gross profit margin

Peer comparison

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