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Meta

META Q1 2026 Earnings

Reported Apr 29, 2026 at 4:05 PM ET · SEC Source

Q1 26 EPS

$10.44

BEAT +56.79%

Est. $6.66

Q1 26 Revenue

$56.31B

BEAT +1.36%

Est. $55.56B

vs S&P Since Q1 26

-9.7%

TRAILING MARKET

META -9.4% vs S&P +0.3%

Market Reaction

Did META Beat Earnings? Q1 2026 Results

Meta Platforms delivered a blowout first quarter for fiscal 2026, posting earnings per share of $10.44 against a consensus estimate of $6.66, a beat of 56.79% that extended the company's streak of exceeding EPS expectations to five consecutive quarte… Read more Meta Platforms delivered a blowout first quarter for fiscal 2026, posting earnings per share of $10.44 against a consensus estimate of $6.66, a beat of 56.79% that extended the company's streak of exceeding EPS expectations to five consecutive quarters. Revenue climbed 33.1% year-over-year to $56.31 billion, edging past the $55.56 billion consensus, fueled by a 19% surge in ad impressions and a 12% rise in average price per ad across its Family of Apps, where daily active people reached 3.56 billion. The outsized EPS figure was substantially shaped by an $8.03 billion income tax benefit tied to U.S. Treasury guidance on Corporate Alternative Minimum Tax treatment of capitalized R&D costs, which pushed the effective tax rate to -23% and added $3.13 per share to the bottom line. Reality Labs continued to weigh on results with a $4.03 billion operating loss, though that narrowed modestly from a year ago. Looking ahead, Meta guided Q2 2026 revenue to $58 to $61 billion and raised its full-year capital expenditure outlook to $125 to $145 billion, reflecting accelerating infrastructure investment as competition in AI intensifies across the sector.

Key Takeaways

  • • Ad impressions increased 19% year-over-year across Family of Apps
  • • Average price per ad increased 12% year-over-year
  • • Family daily active people grew 4% year-over-year to 3.56 billion
  • • $8.03 billion income tax benefit from U.S. Treasury Notice 2026-7 addressing Corporate Alternative Minimum Tax treatment of R&D costs
  • • Foreign currency provided approximately 4 percentage points of revenue growth tailwind

META Forward Guidance & Outlook

Meta expects Q2 2026 total revenue of $58–61 billion, with foreign currency providing an approximately 2% tailwind to year-over-year growth. Full-year 2026 total expenses are expected to be $162–169 billion, unchanged from prior guidance. The company continues to expect full-year 2026 operating income above 2025 levels. Capital expenditures (including finance lease payments) are now projected at $125–145 billion for 2026, increased from $115–135 billion, reflecting higher component pricing and additional data center costs. The tax rate for the remaining quarters of 2026 is expected to be 13–16%. The company flagged active legal and regulatory headwinds in the EU and U.S., including youth-related litigation with additional trials scheduled in 2026 that may result in material losses.

24/7 Wall St

META YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

META Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 22 Q1 26

“We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs.”

— Mark Zuckerberg, Q1 2026 Earnings Press Release

Back to META Stock Page