Meta Platforms Inc. (META)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 46,751,000 | 36,766,000 | 28,682,000 | 27,648,000 | 28,945,000 | 35,131,000 | 39,890,000 | 43,899,000 | 46,753,000 | 46,943,000 | 44,560,000 | 38,156,000 | 32,671,000 | 28,754,000 | 27,899,000 | 26,562,000 | 23,986,000 | 22,948,000 | 21,544,000 | 22,781,000 |
| 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 |
| Operating profit margin | 34.87% | 29.09% | 23.88% | 23.62% | 24.88% | 29.78% | 33.45% | 36.73% | 39.70% | 41.84% | 42.58% | 40.48% | 38.07% | 36.47% | 37.18% | 36.27% | 33.99% | 34.61% | 34.54% | 38.79% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $46,751,000K ÷ $134,089,000K
= 34.87%
The operating profit margin of Meta Platforms Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was 34.66%, which was higher than the previous quarter's margin of 28.96% in Q3 2023.
Looking at a longer trend, the operating profit margin has generally been within the range of approximately 23.56% to 36.68% over the past two years. Notably, the margin was at its lowest in Q1 2023 at 23.56% but showed an improvement in the most recent quarter, Q4 2023.
Overall, the company's operating profit margin has shown variability, but it has generally remained at a healthy level, indicating that Meta Platforms Inc has been effectively managing its operating expenses relative to its revenue generation over the analyzed period. This consistency in maintaining a relatively high operating profit margin reflects positively on the company's operational efficiency.
Peer comparison
Dec 31, 2023
See also:
Meta Platforms Inc. Operating Profit Margin (Quarterly Data)