Meta Platforms Inc. (META)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 39,097,000 | 29,733,000 | 22,545,000 | 21,444,000 | 23,200,000 | 28,832,000 | 33,631,000 | 37,338,000 | 39,370,000 | 40,304,000 | 38,956,000 | 33,740,000 | 29,145,000 | 25,275,000 | 23,520,000 | 20,958,000 | 18,485,000 | 18,018,000 | 17,064,000 | 19,554,000 |
| 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 |
| Net profit margin | 29.16% | 23.52% | 18.77% | 18.32% | 19.94% | 24.44% | 28.20% | 31.24% | 33.43% | 35.93% | 37.23% | 35.80% | 33.96% | 32.05% | 31.35% | 28.62% | 26.19% | 27.18% | 27.36% | 33.30% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $39,097,000K ÷ $134,089,000K
= 29.16%
Meta Platforms Inc's net profit margin has fluctuated over the past eight quarters. The highest net profit margin was recorded in Q4 2023 at 28.98%, indicating that 28.98% of the company's revenue generated during that period translated into profits. This represents a significant increase from the previous quarter, Q3 2023, where the net profit margin stood at 23.42%.
However, the net profit margin had been steadily declining from Q2 2022 to Q2 2023 before rebounding in the most recent quarter. The lowest net profit margin during this period was in Q1 2022 at 18.27%. Overall, the trend suggests some volatility in Meta Platforms Inc's profitability over the past two years, with fluctuations in net profit margin reflecting changes in the company's ability to generate profits relative to its revenue.
Peer comparison
Dec 31, 2023