Company / Cost of Revenue
Meta Platforms Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$36.2B
FY2025
5-year range
$16.7B / $36.2B
FY2021-FY2025
Trend
+19.9%
vs FY2024
Sector context
#2 of 30
Communication Services
What the data says
Among 30 Communication Services companies, Meta Platforms is in the bottom 7% for cost of revenue. Cost of Revenue has increased for 3 consecutive years, from $16.7B in FY2022 to $36.2B in FY2025.
Based on SEC 10-K filings.
$36.2B in FY2025 with a 5-year CAGR of +31.1%. Ranks 2nd among 30 companies in Communication Services.
Increased from $26.0B to $36.2B over the past 2 years.
Communication Services sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +29.4%
- 5-Year CAGR
- +31.1%
- 10-Year CAGR
- -
Sector benchmark
+305.5% above sector average
Key checks
Key Insights
- Meta Platforms's cost of revenue has grown for 3 consecutive years.
- 5-year CAGR of +31.1%, indicating consistent growth.
- In FY2025, cost of revenue increased 19.9% year-over-year.
- Ranks #2 out of 30 companies in the Communication Services sector.
Company context
Key Data Points
- Strong profit margin: 30.9%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 30.2%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $36.2B | +19.9% |
| FY2024 | $30.2B | +16.2% |
| FY2023 | $26.0B | +55.5% |
| FY2022 | $16.7B | -26.3% |
| FY2021 | $22.6B | +142.1% |
| FY2020 | $9.4B | +71.5% |
| FY2019 | $5.5B | +43.9% |
| FY2018 | $3.8B | +32.2% |
| FY2017 | $2.9B | +33.2% |
| FY2016 | $2.2B | +14.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026