A company behind many of the world's most-used apps—Facebook, Instagram, Messenger, WhatsApp, and Threads—that makes nearly all its money from advertising, and also builds virtual-reality headsets, AI glasses, and its Meta AI assistant. It began in 2004 as a Harvard dorm project called "TheFacebook," launched by Mark Zuckerberg and his roommates, and in 2021 the parent company renamed itself Meta to signal its focus on building a connected digital "metaverse," keeping the Facebook app's name unchanged.
Meta Q2 2026 revenue up 28% to $60.8B, but net income down 14% to $15.8B
Revenue for Q2 2026 was $60.80 billion, up 28% year-over-year (27% on a constant currency basis).
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Net income fell 14% to $15.85 billion, with diluted EPS of $6.18, down 13% from $7.14.
Operating margin contracted to 31% from 43%, as costs and expenses rose 55% to $42.03 billion, including $2.40 billion in legal charges and $1.18 billion in severance.
Family daily active people (DAP) averaged 3.60 billion in June 2026, up 3% year-over-year; ad impressions rose 14% and average price per ad increased 12%.
Q3 2026 revenue guidance is $61-64 billion; full-year 2026 expenses expected at $165-169 billion and capex at $130-145 billion.
Free cash flow was $784 million, with operating cash flow of $31.86 billion; cash and marketable securities totaled $90.26 billion.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Meta shareholders elect all 12 directors and reject all 10 shareholder proposals at 2026 annual meeting
At Meta's May 27, 2026 annual meeting, all 12 nominated directors were elected, including Mark Zuckerberg, with each receiving a majority of votes cast.
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Shareholders ratified Ernst & Young LLP as independent auditor for fiscal year 2026, with 5,148,139,817 votes for and 29,583,257 against.
All 10 shareholder proposals failed, including those on AI data usage oversight, executive pay votes, dual-class structure, and H-1B visa risks.
The proposal on H-1B visa program risks received the least support, with only 11,628,532 votes for and 4,943,493,011 against.
A quorum of 92.19% of combined voting power was present, with Class A shares holding one vote each and Class B shares ten votes each as of April 1, 2026 record date.
The meeting was held via live audio webcast, and results were reported under Item 5.07 of Form 8-K.
5.07 Submission of Matters to a Vote of Security Holders
Meta completes $25B multi-tranche senior notes offering across six maturities
Meta Platforms, Inc. completed a $25 billion aggregate principal amount offering of senior notes on May 4, 2026.
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The offering comprised six tranches: $3B of 4.550% notes due 2031, $2B of 4.875% notes due 2033, $6B of 5.250% notes due 2036, $4B of 6.200% notes due 2046, $6B of 6.300% notes due 2056, and $4B of 6.450% notes due 2066.
The notes were issued under an existing base indenture with U.S. Bank Trust Company, National Association, as supplemented by a fifth supplemental indenture dated May 4, 2026.
The offering was made under Meta's shelf registration statement on Form S-3 (File No. 333-295425), with a prospectus supplement filed on May 1, 2026.
Underwriting was led by Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as representatives of the underwriters, under an agreement dated April 30, 2026.
8.01 Other Events · 9.01 Financial Statements and Exhibits
Meta appoints Dina Powell McCormick as President and Vice Chairman, effective January 12, 2026.
She previously served as Vice Chair, President and Head of Global Client Services at BDT & MSD Partners from May 2023 to January 2026, and spent 16 years at Goldman Sachs.
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Dina Powell McCormick, 52, appointed President and Vice Chairman of Meta Platforms, effective January 12, 2026.
Compensation includes $1,000,000 annual base salary, $2,000,000 sign-on bonus, bonus target of 200% of base salary, and RSU grant valued at $60,000,000 vesting quarterly over four years.
If terminated without cause or for good reason before the second anniversary of the start date, she will receive a lump sum equal to the unvested portion of her existing equity award that would have vested by that date.
She previously served on Meta's Board from April 2025 to December 2025 and as an external advisor until January 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements