Meta Reports 28 Percent Revenue Growth as AI Spending Raises Costs

July 30, 2026
Meta reported second quarter revenue of $60.8 billion, up 28 percent from a year earlier, while net income fell 14 percent as costs and capital spending rose.

Meta Platforms, Inc. announced in a press release second quarter 2026 revenue of $60.80 billion, up 28 percent from $47.52 billion a year earlier. Net income fell 14 percent to $15.85 billion, and diluted earnings per share fell 13 percent to $6.18.

Costs and expenses rose 55 percent to $42.03 billion. The total included $2.40 billion in charges tied to legal proceedings and $1.18 billion in severance expenses connected to a May 2026 headcount reduction.

Meta said capital expenditures, including principal payments on finance leases, were $31.08 billion for the quarter. Cash, cash equivalents, and marketable securities were $90.26 billion as of June 30, while long term debt was $83.66 billion.

The company reported 3.60 billion family daily active people on average for June, up 3 percent year over year. Ad impressions across its family of apps rose 14 percent, while the average price per ad rose 12 percent.

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