META Q3 2025 Results
Meta (META) Q3 2025 Results — Year-on-Year Comparison
Result declared: October 29, 2025
Source: Meta investor release and company filings/press coverage.
Disclaimer: This post is for informational purposes only and does not constitute investment advice.
Executive summary
Meta reported record quarterly revenue while reporting sharply lower reported net income and EPS in Q3 2025 due to a one-time, non-cash income tax valuation allowance related to new U.S. tax legislation. Excluding that charge, the company reported substantially higher adjusted net income and adjusted EPS.
Key figures: Revenue $51,242M (+26% YoY), Net income $2,709M (-83% YoY; includes $15.93B one-time tax charge), Diluted EPS $1.05 (vs $6.03 in Q3 2024).
Data sources: Meta investor relations press release and SEC filing (Oct 29, 2025).
Quarterly results — Year-on-Year comparison (three months ended September 30)
| Metric | Q3 2025 | Q3 2024 | YoY % change |
|---|---|---|---|
| Revenue | $51,242 (in millions) | $40,589 (in millions) | +26% |
| Costs & expenses | $30,707 | $23,239 | +32% |
| Income from operations | $20,535 | $17,350 | +18% |
| Operating margin | 40% | 43% | -3 pp |
| Provision for income taxes | $18,954 | $2,134 | +788% |
| Net income | $2,709 | $15,688 | -83% |
| Diluted earnings per share (EPS) | $1.05 | $6.03 | -83% |
Note: The Q3 2025 provision for income taxes includes a one-time, non-cash valuation allowance / tax charge of approximately $15.93 billion. Excluding that charge, Meta reported adjusted net income of about $18.64 billion and adjusted diluted EPS of approximately $7.25 for Q3 2025.
Context & commentary
- Meta continues heavy investment in AI and infrastructure — capex guidance and investment plans were highlighted on the earnings call and in the press release.
- The one-time tax accounting impact is the main driver of the reported EPS and net income decline; management said that the U.S. federal cash tax payments are expected to materially decline going forward as a result of the legislative change.
- Operating performance (revenue, Family of Apps operating income) remained strong, with ad revenue growth leading results.
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