META · Software & SaaS · Communication Services
Meta Platforms, Inc.
$623.61−0.8%Close 11/12 · Next earnings Jan 27, 2027
Compare META with another stock- What it sells
- Family of Apps is 99% of revenue (fiscal year to Dec 2025), the same as two years earlier.
- Growing?
- Yes: revenue up 26% on a year earlier (quarter ended Sep 2026); earnings per share up 30% over the last four quarters.
- Expensive?
- Cheaper than usual: 21.3× trailing earnings; its five-year median is 26.7×. In line with the peer median of 20.4x.
- Analysts?
- 89% of 61 say buy; average 12-month target $850, 36% above today's price.
- Risky?
- Swingier than most large companies: its price swung 42% over the past year (the S&P 500's 14%), and it fell as much as 74% since Nov 2021.
Market cap$1.59T
Revenue (TTM)$241.6B
Net income (TTM)$75.2B
P/E (trailing)21.3x
52-week closing range$526 – $778
Forward P/E18.4x
Meta Platforms, Inc. builds social networking, messaging, and content discovery products including Facebook, Instagram, WhatsApp, Messenger, and Threads, monetizing primarily through auction-based digital advertising sold to businesses.
More about Meta Platforms
Market Position
Meta is one of the world’s largest social and digital advertising platforms, differentiated by a large cross-app user ecosystem, rich ad targeting/measurement tooling, and performance-oriented formats (e.g., feed, stories, short-form video).
Key Segments
Meta reports results in two segments: Family of Apps (FoA) (Facebook, Instagram, Messenger, WhatsApp, Threads and related ads) and Reality Labs (RL) (AR/VR hardware, software, and metaverse-related products).
How has the stock done?
Over the past month META fell 16.1%; the communication services ETF (XLC) fell 3.5% and the S&P 500 fell 2.7%. 3 Congress filings by portfolios that hold it fall in this period.
META −16.1%Communication services ETF (XLC) −3.5%Congress portfolio filedEarnings released
Over the past six months META rose 3.4%; the communication services ETF (XLC) fell 7.2% and the S&P 500 rose 2.6%. 4 Congress filings by portfolios that hold it fall in this period.
META +3.4%Communication services ETF (XLC) −7.2%Congress portfolio filedEarnings released
Over the past year META rose 2.4%; the communication services ETF (XLC) fell 5.3% and the S&P 500 rose 10.8%. 4 Congress filings by portfolios that hold it fall in this period.
META +2.4%Communication services ETF (XLC) −5.3%Congress portfolio filedEarnings released
Over five years META rose 82.9%; the communication services ETF (XLC) rose 32.4% and the S&P 500 rose 62.0%. 4 Congress filings by portfolios that hold it fall in this period.
META +82.9%Communication services ETF (XLC) +32.4%Congress portfolio filedEarnings released
How much it movesRisk
Biggest fall
−74%
From Nov 15, 2021 to Nov 3, 2022, the deepest drop from a high since Nov 2021
Volatility, past year
42%
How much the price swings in a year; the S&P 500's was 14%
Beta, past year
1.36
When the S&P 500 moves 1%, the stock has moved about 1.4% the same way
Show the Congress filings
| Filed | Portfolio | META in the filing | Latest trade in filing | META share |
|---|---|---|---|---|
| Nov 5, 2026 | Dan Meuser | No META trade in it | Sep 25, 2026 | 5.6% |
| Oct 22, 2026 | Cleo Fields | No META trade in it | Oct 9, 2026 | 4.3% |
| Oct 16, 2026 | Laurel Lee | No META trade in it | Sep 18, 2026 | 20.0% |
| Aug 11, 2026 | James Comer | Annual report: held $50,001–$100,000 at the end of 2025 | — | 30.3% |
Show the earnings releases
| Released | Quarter | Revenue | EPS vs estimate | Stock, day after | 5 days after |
|---|---|---|---|---|---|
| Oct 21, 2026 | ended Sep 2026 | $64.6B (+26% vs a year earlier) | $3.83 vs $5.42 (missed) | −6.5% | −11.8% |
| Jul 29, 2026 | ended Jun 2026 | $60.8B (+28% vs a year earlier) | $6.18 vs $7.22 (missed) | −9.2% | −0.8% |
| Apr 29, 2026 | ended Mar 2026 | $56.3B (+33% vs a year earlier) | $10.44 vs $6.66 (beat) | −8.9% | −8.7% |
| Jan 28, 2026 | ended Dec 2025 | $59.9B (+24% vs a year earlier) | $8.88 vs $8.22 (beat) | +9.7% | −0.6% |
| Oct 29, 2025 | ended Sep 2025 | $51.2B (+26% vs a year earlier) | — | −11.3% | −15.4% |
| Jul 30, 2025 | ended Jun 2025 | $47.5B (+22% vs a year earlier) | — | +10.5% | +10.3% |
| Apr 30, 2025 | ended Mar 2025 | $42.3B (+16% vs a year earlier) | — | +3.2% | +7.6% |
| Jan 29, 2025 | ended Dec 2024 | $48.4B (+21% vs a year earlier) | — | +1.9% | +4.5% |
| Oct 30, 2024 | ended Sep 2024 | $40.6B (+19% vs a year earlier) | — | −4.3% | −3.6% |
| Jul 31, 2024 | ended Jun 2024 | $39.1B (+22% vs a year earlier) | — | +7.5% | +5.6% |
| Apr 24, 2024 | ended Mar 2024 | $36.5B (+27% vs a year earlier) | — | −11.0% | −11.5% |
| Feb 1, 2024 | ended Dec 2023 | $40.1B (+25% vs a year earlier) | — | +21.7% | +20.5% |
| Oct 25, 2023 | ended Sep 2023 | $34.1B (+23% vs a year earlier) | — | −7.7% | −0.2% |
| Jul 26, 2023 | ended Jun 2023 | $32.0B (+11% vs a year earlier) | — | +5.9% | +6.7% |
| Apr 26, 2023 | ended Mar 2023 | $28.6B (+3% vs a year earlier) | — | +14.9% | +14.2% |
| Feb 1, 2023 | ended Dec 2022 | $32.2B (−4% vs a year earlier) | — | +26.7% | +23.1% |
| Oct 26, 2022 | ended Sep 2022 | $27.7B (−4% vs a year earlier) | — | −28.8% | −34.2% |
| Jul 27, 2022 | ended Jun 2022 | $28.8B (−1% vs a year earlier) | — | +1.0% | +6.1% |
| Apr 27, 2022 | ended Mar 2022 | $27.9B (+7% vs a year earlier) | — | +13.7% | +23.5% |
| Feb 2, 2022 | ended Dec 2021 | $33.7B (+20% vs a year earlier) | — | −25.5% | −27.3% |
Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dots on the line: a member of Congress whose Hunch portfolio holds META filed a disclosure; its hover says what the disclosure reports of META: each trade, bought or sold, with the amount range the member filed (the House asks for a range, not the amount), or in an annual report the range of the holding’s value, the ranges of its entries added up (“in all”) where the report lists META more than once, in several accounts or share classes: a sum that bounds the value as the ranges do but is not a range the form offers. An annual report’s row has no latest trade. Filings: the Clerk of the House. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.
Is the business growing?
Revenue was $64.6B in the quarter ended Sep 2026, up 26% from a year earlier.
Revenue by quarter
Change from the same quarter a year earlier
Show the data
| Quarter ended | Revenue | vs a year earlier |
|---|---|---|
| Dec 2022 | $32.2B | −4% |
| Mar 2023 | $28.6B | +3% |
| Jun 2023 | $32.0B | +11% |
| Sep 2023 | $34.1B | +23% |
| Dec 2023 | $40.1B | +25% |
| Mar 2024 | $36.5B | +27% |
| Jun 2024 | $39.1B | +22% |
| Sep 2024 | $40.6B | +19% |
| Dec 2024 | $48.4B | +21% |
| Mar 2025 | $42.3B | +16% |
| Jun 2025 | $47.5B | +22% |
| Sep 2025 | $51.2B | +26% |
| Dec 2025 | $59.9B | +24% |
| Mar 2026 | $56.3B | +33% |
| Jun 2026 | $60.8B | +28% |
| Sep 2026 | $64.6B | +26% |
Revenue went from $116.6B in FY22 to $201.0B in FY25; net income from $23.2B to $60.5B.
RevenueNet income
Show the data
| Fiscal year | Revenue | Net income |
|---|---|---|
| FY22 | $116.6B | $23.2B |
| FY23 | $134.9B | $39.1B |
| FY24 | $164.5B | $62.4B |
| FY25 | $201.0B | $60.5B |
Revenue by productFiscal years, from Meta Platforms's 10-K
In the fiscal year to Dec 2025, Family of Apps was 99% and Reality Labs was 1% of revenue.
Family of AppsReality Labs
Show the data
| Fiscal year | Part | Revenue | Share |
|---|---|---|---|
| FY2023 | Family of Apps | $133.0B | 99% |
| FY2023 | Reality Labs | $1.9B | 1% |
| FY2024 | Family of Apps | $162.4B | 99% |
| FY2024 | Reality Labs | $2.1B | 1% |
| FY2025 | Family of Apps | $198.8B | 99% |
| FY2025 | Reality Labs | $2.2B | 1% |
Earnings per shareDiluted, GAAP
EPS, quarter ended Sep 2026
$3.83+265% on a year earlier
A year earlier $1.05
EPS, last four quarters
$29.34+30% on the four before
Diluted, from SEC filings
PEG, on the last year's growth
0.7
The P/E of 21.3× over the 30% EPS growth of the last four quarters; near 1 or below is cheap for the growth
Quarters: Meta Platforms, Inc.'s SEC filings, named by the month they end. Fiscal years: Meta Platforms, Inc.'s annual reports to the SEC.
How it makes money
Of every $100 in revenue, $30.1 ends up as net income. Net margin rose from 19.9% to 30.1% over the past 3 years.
Where each $1 of revenue goesFiscal year ended 2025-12-31
RevenueGross profitOperating incomeNet income
Revenue
Total sales
$201.0B100%
Gross profit
Revenue minus direct costs
$164.8B82.0% of revenue
Cost of revenue
Direct cost of making or buying goods
$36.2B18.0% of revenue
Operating income
Profit from the core business
$83.3B41.4% of revenue
Operating expenses
R&D, marketing and admin
$81.5B40.6% of revenue
Net income
What is left for shareholders after tax
$60.5B30.1% of revenue
Taxes & other
Income tax and non-operating items
$22.8B11.3% of revenue
Margins by quarter
Gross 79.3%Operating 20.1%Net 15.3%
Show the data
| Quarter ended | Gross | Operating | Net |
|---|---|---|---|
| Dec 2022 | 74.1% | 19.9% | 14.5% |
| Mar 2023 | 78.7% | 25.2% | 19.9% |
| Jun 2023 | 81.4% | 29.4% | 24.3% |
| Sep 2023 | 81.8% | 40.3% | 33.9% |
| Dec 2023 | 80.8% | 40.8% | 34.9% |
| Mar 2024 | 81.8% | 37.9% | 33.9% |
| Jun 2024 | 81.3% | 38.0% | 34.5% |
| Sep 2024 | 81.8% | 42.7% | 38.7% |
| Dec 2024 | 81.7% | 48.3% | 43.1% |
| Mar 2025 | 82.1% | 41.5% | 39.3% |
| Jun 2025 | 82.1% | 43.0% | 38.6% |
| Sep 2025 | 82.0% | 40.1% | 5.3% |
| Dec 2025 | 81.8% | 41.3% | 38.0% |
| Mar 2026 | 81.9% | 40.6% | 47.5% |
| Jun 2026 | 81.4% | 30.9% | 26.1% |
| Sep 2026 | 79.3% | 20.1% | 15.3% |
Circled: Sep 2025 (net 5.3%, operating 40.1%), Mar 2026 (net 47.5%, operating 40.6%). Net margin is usually about 5 points below operating margin; in those quarters something below operating income (a tax charge or benefit, a gain or loss on investments, a write-down) moved it, not the business itself.
Gross margin, fiscal year
82.0%
+3.7 pts over 3 years
Operating margin, fiscal year
41.4%
+16.6 pts over 3 years
Net margin, fiscal year
30.1%
+10.2 pts over 3 years
Each margin is that line of the income statement divided by revenue. Fiscal year: Meta Platforms, Inc.'s annual reports to the SEC; quarters: SEC filings.
How much does it spend on building?
Meta Platforms spent $104.4B on property and equipment in the four quarters to Sep 2026, 43.2% of its revenue, against 33.1% a year earlier. That is 78% of the cash its operations brought in.
Capital spending, last four quarters
$104.4B
Up 66.5% on the four quarters before
Share of revenue, last four quarters
43.2%
33.1% a year earlier
Share of cash from operations
78%
$133.1B over the same four quarters
Capital spending as a share of revenue over five years, with Reddit
Meta Platforms 43.2%Reddit 0.2%
Capital spendingBy quarter
Show the data
| Quarter ended | Capital spending | Revenue | Cash from operations | Share of revenue, four quarters |
|---|---|---|---|---|
| Dec 2023 | $7.6B | $40.1B | $19.4B | 20.0% |
| Mar 2024 | $6.4B | $36.5B | $19.2B | 18.7% |
| Jun 2024 | $8.2B | $39.1B | $19.4B | 19.1% |
| Sep 2024 | $8.3B | $40.6B | $24.7B | 19.5% |
| Dec 2024 | $14.4B | $48.4B | $28.0B | 22.6% |
| Mar 2025 | $12.9B | $42.3B | $24.0B | 25.7% |
| Jun 2025 | $16.5B | $47.5B | $25.6B | 29.2% |
| Sep 2025 | $18.8B | $51.2B | $30.0B | 33.1% |
| Dec 2025 | $21.4B | $59.9B | $36.2B | 34.7% |
| Mar 2026 | $19.0B | $56.3B | $32.2B | 35.2% |
| Jun 2026 | $30.1B | $60.8B | $31.9B | 39.1% |
| Sep 2026 | $33.9B | $64.6B | $32.8B | 43.2% |
From Meta Platforms, Inc.'s SEC filings: payments for property and equipment by quarter (networks, data centers, buildings; software built for its own use where the company counts it in), the fourth quarter being the year minus nine months; the share is the four quarters' spending over their revenue.
How much goes into research?
Meta Platforms spent $76.5B on research and development in the four quarters to Sep 2026, 31.7% of its revenue, against 27.7% a year earlier. Over the year its research spending rose 46.0% and its revenue rose 27.5%.
Research and development, last four quarters
$76.5B
Up 46.0% on the four quarters before
Share of revenue, last four quarters
31.7%
27.7% a year earlier
Research as a share of revenue over five years, with Reddit
Meta Platforms 31.7%Reddit 29.2%
Research and developmentBy quarter
Show the data
| Quarter ended | Research and development | Revenue | Share of revenue, four quarters |
|---|---|---|---|
| Dec 2023 | $10.5B | $40.1B | 28.5% |
| Mar 2024 | $10.0B | $36.5B | 27.4% |
| Jun 2024 | $10.5B | $39.1B | 26.9% |
| Sep 2024 | $11.2B | $40.6B | 27.0% |
| Dec 2024 | $12.2B | $48.4B | 26.7% |
| Mar 2025 | $12.2B | $42.3B | 27.0% |
| Jun 2025 | $12.9B | $47.5B | 27.1% |
| Sep 2025 | $15.1B | $51.2B | 27.7% |
| Dec 2025 | $17.1B | $59.9B | 28.5% |
| Mar 2026 | $17.7B | $56.3B | 29.3% |
| Jun 2026 | $21.7B | $60.8B | 31.4% |
| Sep 2026 | $20.1B | $64.6B | 31.7% |
From Meta Platforms, Inc.'s SEC filings: research and development expense by quarter, the fourth being the year minus nine months; its share is the four quarters' expense over their revenue. Some companies count the research they buy, through licences and acquisitions, in this line, so it jumps in the quarter they pay; others report that on a line of its own, not shown here.
Customers and suppliers
Along the supply chainTwo steps either way, as each company’s latest annual report names the others
Their suppliers
ASE Technology ASXto AMD
TSMC TSMto AMD
UMC UMCto AMD
PSEG Nuclearto Constellation Energy
S
STPNOCto Constellation Energy
NVIDIA NVDAto CoreWeave, Nebius Group
Centrus LEUto Oklo
Siemens Energy SMERYto Oklo
Amentum Technologyto Oklo
Alphabet GOOGLto Shopify
PayPal PYPLto Shopify
Stripeto Shopify
Suppliers
METAMeta Platforms
Partners
Scale AIMeta Platforms invested in it · Minority equity investment$13.80 billion investment closed during 2025JJio PlatformsMeta Platforms invested in it · Minority equity investment$5.82 billion investment as of December 31, 2025
Changes since the previous annual report (10-K filed Jan 30, 2025)
Scale AINamed for the first time, as a partner$13.80 billion investment closed during 2025Named in other companies’ filings
AMD AMDMeta Platforms invested in it · Receives performance-based warrants tied to GPU purchases · 8-K, Feb 24, 2026Warrant for up to 160 million AMD common shares at $0.01 per share, issued February 23, 2026
AppLovin APPcalls it a partner · Significant advertising ecosystem partnershipShow the filing's words
| Company | Role | In the filing's words |
|---|---|---|
| Scale AI | partner · Meta Platforms invested in it | “Our non-marketable equity investments accounted for under the measurement alternative mostly consist of our minority investments in Scale AI for $13.80 billion, which was closed during 2025, and our investment in Jio Platforms Limited of $5.82 billion as of December 31, 2025.” |
| Jio Platforms | partner · Meta Platforms invested in it | “Our non-marketable equity investments accounted for under the measurement alternative mostly consist of our minority investments in Scale AI for $13.80 billion, which was closed during 2025, and our investment in Jio Platforms Limited of $5.82 billion as of December 31, 2025.” |
| AMD (8-K filed Feb 24, 2026) | calls it a customer | “Under the arrangement, the parties entered into an amendment to that certain Master Purchase Agreement dated May 23, 2023 (the “Agreement”) and concurrent with the Warrant issuance, Meta agreed to a binding commitment under the Agreement to purchase (directly or through its affiliates, or indirectly through authorized third parties (“Authorized Purchasers”)) the initial one (1) gigawatt equivalent of certain AMD Instinct GPU products.” |
| AMD (8-K filed Feb 24, 2026) | Meta Platforms invested in it | “On February 23, 2026, in connection with a strategic arrangement between Advanced Micro Devices, Inc. (“AMD”) and Meta Platforms, Inc. (“Meta") governing the purchase of AMD InstinctTM GPU products by Meta, AMD issued to Meta a performance-based warrant (the “Warrant”) to purchase up to an aggregate of 160 million shares of common stock of AMD (the “Warrant Shares”) at an exercise price of $0.01 per share.” |
| AppLovin (10-K filed Feb 19, 2026) | calls it a customer | “Advertising clients include a wide variety of advertisers, from indie developer studios to some of the largest global internet platforms, such as Meta and Google.” |
| AppLovin (10-K filed Feb 19, 2026) | calls it a partner | “Because Meta and Google are also significant partners of AppLovin and Adjust, a deterioration in our or Adjust’s relationship with such companies would have a greater impact on our business, financial condition, and results of operations.” |
| Celestica (10-K filed Feb 27, 2026) | calls it a customer | “Our CCS segment customers include Amazon Fulfillment Services, Inc., Meta Platforms, Inc., Google Inc., Ciena Corporation, Dell Technologies, Hewlett-Packard Enterprise, and IBM Corporation, Inc.” |
| Constellation Energy (10-K filed Feb 24, 2026) | calls it a customer | “In June 2025, we signed a 20-year PPA with Meta Platforms, Inc. (Meta) for the output of the Clinton Clean Energy Center to support Meta’s clean energy goals and operations in the region with emissions-free nuclear energy. The agreement, beginning in June 2027, supports the relicensing and continued operations of Clinton for another two decades after the state’s ZEC program expires.” |
| CoreWeave (10-K filed Mar 2, 2026) | calls it a customer | “Similarly, in September 2025, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. ("Meta") initially committed to pay us up to approximately $14.2 billion through December 2031 and, as a result, we also expect Meta to be a significant customer in future periods.” |
| Nebius Group (20-F filed Apr 30, 2026) | calls it a customer | “On March 13, 2026, our wholly owned subsidiary, Nebius, Inc., entered into an Infrastructure Services Agreement with Meta Platforms, Inc. (“Meta”), pursuant to which we and Meta will enter into a series of orders, each for a duration of five years (each an “Order”). The Agreement and the initial Orders thereunder have a total contract value of up to approximately $27 billion.” |
| Oklo (10-K filed Mar 17, 2026) | calls it a customer | “On January 5, 2026, we entered into a prepayment agreement (the "Prepayment Agreement") with Meta Platforms, Inc. (“Meta”) that advances plans to develop a 1.2 gigawatt power campus in Pike County, Ohio, to support Meta’s data centers. The Prepayment Agreement provides a mechanism for Meta to prepay for power and provide funding to advance powerhouse deployment.” |
| Shopify (10-K filed Feb 11, 2026) | calls it a customer | “Aldo, BarkBox, Carrier, Meta, Vuori, SKIMS and Supreme are a few of our notable merchants seeking a reliable, cost-effective and scalable commerce solution.” |
| Take-Two Interactive Software (10-K filed May 22, 2026) | sells through Meta Platforms | “We also derive significant revenues from distribution on third‐party mobile and web platforms, such as the Apple App Store, the Google Play Store, and Facebook, which are also our direct competitors and, in some cases, the exclusive means through which our content reaches gamers on those platforms, and most of the virtual currency we sell is purchased using these platform providers’ payment processing systems.” |
| Take-Two Interactive Software (10-K filed May 22, 2026) | calls it a supplier | “However, we also acquire our players through paid advertising channels. We advertise our mobile games primarily within other mobile applications and on social networks, often through in-app and other advertising partners such as Facebook and Google.” |
| Vistra (10-K filed Feb 27, 2026) | calls it a customer | “In January 2026, we announced that we had entered into 20-year PPAs with Meta Platforms, Inc. (Meta) to supply 2,609 MW of carbon-free power and capacity from our PJM nuclear power plants, including 2,176 MW of operating energy and capacity and 433 of uprate energy and capacity to be constructed.” |
| Zoom Communications (10-K filed Feb 27, 2026) | calls it a supplier | “Our federated approach to AI dynamically leverages multiple Large Language Models (“LLMs”) (including those from OpenAI, Anthropic, and Meta), as well as Small Language Models (“SLMs”), making AI more accessible and affordable so that more people can incorporate it in their day-to-day workflows.” |
Only the companies Meta Platforms names in its 10-K filed Jan 29, 2026 (SEC). Named in other companies' filings: those whose own latest annual report or an 8-K since names Meta Platforms. The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Platforms: an app store, a console maker or a marketplace one company sells through and pays a share or a fee; not supply, so not on the chain. Hover a name for the filing's own words.
Is it expensive?
P/E of 21.3x, in line with the peer median of 20.4x, with earnings still growing.
21.3×P/E (trailing)
In line with the peer median of 20.4x.
Vs. peersP/E, trailing (x)
METAPeersPeer median 20.4x
Show the data
| Company | P/E (trailing) |
|---|---|
| SPOT · Spotify Technology S.A. | 36.5× |
| META · Meta Platforms, Inc. | 21.3× |
| RDDT · Reddit, Inc. | 20.4× |
| GOOG · Alphabet Inc. | 15.4× |
Against its own past five yearsTrailing P/E
At 21.3× trailing earnings META is below most of its five-year range; the five-year median is 26.7×.
Trailing P/EMiddle half of five years 21.5×–29.2×Median 26.7×
Show the data
| Date | Trailing P/E |
|---|---|
| Nov 8, 2021 | 24.2× |
| Feb 8, 2022 | 16.0× |
| May 10, 2022 | 15.0× |
| Aug 10, 2022 | 14.8× |
| Nov 8, 2022 | 9.2× |
| Feb 9, 2023 | 20.7× |
| May 11, 2023 | 29.3× |
| Aug 11, 2023 | 35.2× |
| Nov 9, 2023 | 28.3× |
| Feb 12, 2024 | 31.5× |
| May 13, 2024 | 26.9× |
| Aug 13, 2024 | 27.0× |
| Nov 11, 2024 | 27.5× |
| Feb 13, 2025 | 30.5× |
| May 15, 2025 | 25.2× |
| Aug 15, 2025 | 28.5× |
| Nov 13, 2025 | 27.0× |
| Feb 17, 2026 | 27.2× |
| May 18, 2026 | 22.2× |
| Aug 18, 2026 | 20.5× |
| Nov 12, 2026 | 21.3× |
Closing price over diluted earnings per share of the last four reported quarters, as known on each day (a quarter counts 35 days after it ends). From SEC filings; earnings per share adjusted for splits.
What analysts expect
The average analyst price target is $850, 36% above the current price; 89% of 61 analysts rate it a buy; earnings beat estimates in 2 of the last 4 quarters.
12-month price targetsCurrent price $623.61
12 mo agoTodayIn 12 mo
High target
$1,050+68%
Average target
$850+36%
Low target
$629+1%
Ratings61 analysts
Strong Buy 9Buy 45Hold 6Sell 1Strong Sell 0
Buy or Strong Buy: 54 analysts (89%). Sell or Strong Sell: 1.
Targets and ratings over the past year113 changes by 38 firms
Since Apr 21, 2026 the average of the analysts' latest price targets went from $876.00 to $868.19 (−1%), while META went from $668.84 to $623.61 (−7%). In the past three months targets were raised 40 times and cut 5 times. 2 upgrades and 1 downgrade over the year; the latest: JP Morgan moved it to Overweight from Neutral on Sep 10, 2026.
Average target $868.19METAMiddle half of targetsUpgradeDowngrade
Targets raised, by monthTargets cut
Show every change
| Date | Firm | Change | Rating | Target |
|---|---|---|---|---|
| Oct 22, 2026 | UBS | Target raised | Buy | $892.00, was $884.00 |
| Oct 22, 2026 | Citigroup | Target raised | Buy | $905.00, was $895.00 |
| Oct 22, 2026 | DA Davidson | Target raised | Buy | $800.00, was $700.00 |
| Oct 22, 2026 | BMO Capital | Target raised | Market Perform | $685.00, was $580.00 |
| Oct 22, 2026 | Evercore ISI Group | Target raised | Outperform | $870.00, was $860.00 |
| Oct 22, 2026 | Mizuho | Target raised | Outperform | $950.00, was $750.00 |
| Oct 22, 2026 | Barclays | Target raised | Overweight | $880.00, was $780.00 |
| Oct 22, 2026 | RBC Capital | Target raised | Outperform | $800.00, was $770.00 |
| Oct 22, 2026 | Wells Fargo | Target cut | Overweight | $995.00, was $1,000.00 |
| Oct 22, 2026 | Citizens | Target kept | Market Outperform | $885.00 |
| Oct 22, 2026 | Scotiabank | Target raised | Sector Perform | $650.00, was $600.00 |
| Oct 22, 2026 | JP Morgan | Target raised | Overweight | $940.00, was $920.00 |
| Oct 22, 2026 | TD Cowen | Target cut | Buy | $850.00, was $865.00 |
| Oct 22, 2026 | Piper Sandler | Target cut | Overweight | $850.00, was $875.00 |
| Oct 22, 2026 | StoneX | Rating kept | Hold | — |
| Oct 22, 2026 | Wedbush | Target raised | Neutral | $730.00, was $700.00 |
| Oct 22, 2026 | Rosenblatt | Target raised | Buy | $900.00, was $886.00 |
| Oct 22, 2026 | Guggenheim | Target kept | Buy | $850.00 |
| Oct 22, 2026 | Susquehanna | Target raised | Positive | $850.00, was $650.00 |
| Oct 22, 2026 | Keybanc | Target raised | Overweight | $905.00, was $900.00 |
| Oct 22, 2026 | B of A Securities | Target raised | Buy | $845.00, was $810.00 |
| Oct 22, 2026 | Cantor Fitzgerald | Target raised | Overweight | $860.00, was $840.00 |
| Oct 22, 2026 | Pivotal Research | Target raised | Buy | $960.00, was $930.00 |
| Oct 20, 2026 | Rosenblatt | Target kept | Buy | $886.00 |
| Oct 19, 2026 | Morgan Stanley | Target raised | Overweight | $820.00, was $775.00 |
| Oct 15, 2026 | Citigroup | Target raised | Buy | $895.00, was $800.00 |
| Oct 15, 2026 | JP Morgan | Target kept | Overweight | $920.00 |
| Oct 14, 2026 | Goldman Sachs | Target kept | Buy | $860.00 |
| Oct 14, 2026 | UBS | Target raised | Buy | $884.00, was $715.00 |
| Oct 14, 2026 | Guggenheim | Target raised | Buy | $850.00, was $700.00 |
| Oct 13, 2026 | Pivotal Research | Target raised | Buy | $930.00, was $790.00 |
| Oct 13, 2026 | Truist Securities | Target raised | Buy | $1,000.00, was $763.00 |
| Oct 13, 2026 | Keybanc | Target kept | Overweight | $900.00 |
| Oct 13, 2026 | Rosenblatt | Target kept | Buy | $886.00 |
| Oct 12, 2026 | Cantor Fitzgerald | Target cut | Overweight | $840.00, was $860.00 |
| Oct 8, 2026 | TD Cowen | Target kept | Buy | $865.00 |
| Oct 6, 2026 | Wells Fargo | Target raised | Overweight | $1,000.00, was $796.00 |
| Sep 25, 2026 | Deutsche Bank | Target raised | Buy | $820.00, was $750.00 |
| Sep 25, 2026 | Canaccord Genuity | Target raised | Buy | $950.00, was $930.00 |
| Sep 25, 2026 | TD Cowen | Target raised | Buy | $865.00, was $750.00 |
| Sep 25, 2026 | Piper Sandler | Target raised | Overweight | $875.00, was $785.00 |
| Sep 24, 2026 | Raymond James | Target raised | Strong Buy | $860.00, was $650.00 |
| Sep 24, 2026 | Tigress Financial | Target raised | Strong Buy | $995.00, was $945.00 |
| Sep 24, 2026 | JP Morgan | Target raised | Overweight | $920.00, was $820.00 |
| Sep 24, 2026 | RBC Capital | Target kept | Outperform | $770.00 |
| Sep 24, 2026 | Citizens | Target raised | Market Outperform | $885.00, was $770.00 |
| Sep 23, 2026 | Keybanc | Target raised | Overweight | $900.00, was $780.00 |
| Sep 23, 2026 | Cantor Fitzgerald | Target raised | Overweight | $860.00, was $680.00 |
| Sep 22, 2026 | B of A Securities | Target kept | Buy | $810.00 |
| Sep 22, 2026 | StoneX | Rating kept | Hold | — |
| Sep 22, 2026 | Jefferies | Target raised | Buy | $875.00, was $710.00 |
| Sep 21, 2026 | Wells Fargo | Target raised | Overweight | $796.00, was $640.00 |
| Sep 16, 2026 | Citigroup | Target kept | Buy | $800.00 |
| Sep 16, 2026 | Rosenblatt | Target kept | Buy | $886.00 |
| Sep 14, 2026 | Wedbush | Target raised | Neutral | $650.00, was $595.00 |
| Sep 10, 2026 | JP Morgan | Upgrade | Overweight, was Neutral | $820.00, was $640.00 |
| Sep 1, 2026 | Wedbush | Target kept | Neutral | $595.00 |
| Aug 27, 2026 | Rosenblatt | Target raised | Buy | $886.00, was $883.00 |
| Aug 27, 2026 | Benchmark | Rating kept | Hold | — |
| Aug 27, 2026 | Truist Securities | Target cut | Buy | $763.00, was $770.00 |
| Aug 27, 2026 | Needham | Rating kept | Hold | — |
| Aug 25, 2026 | Evercore ISI Group | Target raised | Outperform | $860.00, was $820.00 |
| Jul 30, 2026 | UBS | Target cut | Buy | $715.00, was $766.00 |
| Jul 30, 2026 | Baird | Target cut | Outperform | $750.00, was $830.00 |
| Jul 30, 2026 | Goldman Sachs | Target cut | Buy | $725.00, was $815.00 |
| Jul 30, 2026 | Citigroup | Target cut | Buy | $800.00, was $850.00 |
| Jul 30, 2026 | Susquehanna | Target cut | Positive | $650.00, was $900.00 |
| Jul 30, 2026 | Piper Sandler | Target cut | Overweight | $785.00, was $800.00 |
| Jul 30, 2026 | Truist Securities | Target cut | Buy | $770.00, was $840.00 |
| Jul 30, 2026 | TD Cowen | Target cut | Buy | $750.00, was $800.00 |
| Jul 30, 2026 | DA Davidson | Target cut | Buy | $700.00, was $850.00 |
| Jul 30, 2026 | Citizens | Target cut | Market Outperform | $770.00, was $800.00 |
| Jul 30, 2026 | Evercore ISI Group | Target cut | Outperform | $820.00, was $930.00 |
| Jul 30, 2026 | Wells Fargo | Target cut | Overweight | $640.00, was $835.00 |
| Jul 30, 2026 | Guggenheim | Target cut | Buy | $700.00, was $800.00 |
| Jul 30, 2026 | Wedbush | Target cut | Neutral | $595.00, was $671.00 |
| Jul 30, 2026 | Cantor Fitzgerald | Target cut | Overweight | $680.00, was $770.00 |
| Jul 30, 2026 | Rosenblatt | Target cut | Buy | $883.00, was $1,015.00 |
| Jul 30, 2026 | Keybanc | Target cut | Overweight | $780.00, was $790.00 |
| Jul 30, 2026 | Barclays | Target cut | Overweight | $780.00, was $830.00 |
| Jul 30, 2026 | B of A Securities | Target cut | Buy | $810.00, was $835.00 |
| Jul 28, 2026 | Guggenheim | Target kept | Buy | $800.00 |
| Jul 21, 2026 | Raymond James | Target raised | Strong Buy | $850.00, was $825.00 |
| Jul 21, 2026 | Wells Fargo | Target raised | Overweight | $835.00, was $767.00 |
| Jul 21, 2026 | Rothschild & Co | Target raised | Buy | $1,000.00, was $900.00 |
| Jul 13, 2026 | UBS | Target cut | Buy | $766.00, was $865.00 |
| Jul 10, 2026 | Citizens | Target cut | Market Outperform | $800.00, was $825.00 |
| Jul 8, 2026 | Needham | Rating kept | Hold | — |
| Jul 7, 2026 | Erste Group | Upgrade | Buy, was Hold | — |
| Jul 2, 2026 | Wells Fargo | Target raised | Overweight | $767.00, was $765.00 |
| Jun 1, 2026 | RBC Capital | Target kept | Outperform | $810.00 |
| May 28, 2026 | Rosenblatt | Target kept | Buy | $1,015.00 |
| May 20, 2026 | Wells Fargo | Target cut | Overweight | $765.00, was $770.00 |
| May 5, 2026 | Mizuho | Target cut | Outperform | $835.00, was $850.00 |
| May 1, 2026 | Stifel | Target cut | Buy | $780.00, was $805.00 |
| Apr 30, 2026 | JP Morgan | Downgrade | Neutral, was Overweight | $725.00, was $825.00 |
| Apr 30, 2026 | UBS | Target cut | Buy | $865.00, was $908.00 |
| Apr 30, 2026 | TD Cowen | Target cut | Buy | $800.00, was $820.00 |
| Apr 30, 2026 | Bernstein | Target cut | Outperform | $850.00, was $900.00 |
| Apr 30, 2026 | RBC Capital | Target kept | Outperform | $810.00 |
| Apr 30, 2026 | Piper Sandler | Target cut | Overweight | $800.00, was $880.00 |
| Apr 30, 2026 | Guggenheim | Target cut | Buy | $800.00, was $850.00 |
| Apr 30, 2026 | Barclays | Target raised | Overweight | $830.00, was $800.00 |
| Apr 30, 2026 | Evercore ISI Group | Target raised | Outperform | $930.00, was $900.00 |
| Apr 30, 2026 | Wells Fargo | Target raised | Overweight | $770.00, was $765.00 |
| Apr 30, 2026 | Cantor Fitzgerald | Target cut | Overweight | $750.00, was $850.00 |
| Apr 30, 2026 | Truist Securities | Target cut | Buy | $840.00, was $900.00 |
| Apr 30, 2026 | Keybanc | Target kept | Overweight | $760.00 |
| Apr 30, 2026 | Rosenblatt | Target kept | Buy | $1,015.00 |
| Apr 23, 2026 | Guggenheim | Target kept | Buy | $850.00 |
| Apr 21, 2026 | UBS | Target raised | Buy | $908.00, was $872.00 |
| Apr 21, 2026 | Citizens | Target kept | Market Outperform | $900.00 |
| Apr 20, 2026 | B of A Securities | Target cut | Buy | $820.00, was $885.00 |
Earnings against estimatesLast 4 quarters, per share
Average estimateReported, beatReported, missed
Show the data
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| Dec ’25 | $8.22 | $8.88 | +8.0% |
| Mar ’26 | $6.66 | $10.44 | +56.8% |
| Jun ’26 | $7.22 | $6.18 | −14.4% |
| Sep ’26 | $5.42 | $3.83 | −29.3% |
The day after each of these reports the stock moved +9.7% (Dec 2025, beat); −8.9% (Mar 2026, beat); −9.2% (Jun 2026, missed); −6.5% (Sep 2026, missed).
Expected nextConsensus of Nov 10, 2026
For the quarter ending Dec 2026 (Meta Platforms reports on Jan 27, 2027), analysts expect revenue of $75.2B, up 25% on a year earlier. For the fiscal year ending Dec 2027, they expect adjusted earnings of $33.97 a share, and revenue of $312.6B, up 22% on the year before's estimate.
Revenue, quarter ending Dec 2026
$75.2B+25% on a year earlier
Dec 2025: $59.9B; range $73.6B to $76.1B; 44 analysts
EPS, year ending Dec 2027
$33.97
Adjusted. The year to Dec 2026: $29.12 expected, with a quarter far from its estimate; range $29.32 to $40.18; 56 analysts
Revenue, year ending Dec 2027
$312.6B+22% on the year before's estimate
The year to Dec 2026: $256.9B expected; range $293.6B to $350.3B; 59 analysts
Show the data
| Period | Figure | Expected | Low to high | Analysts | A year earlier | Change |
|---|---|---|---|---|---|---|
| Quarter ending Dec 2026, results Jan 27, 2027 | Revenue | $75.2B | $73.6B to $76.1B | 44 | $59.9B (Dec 2025) | +25% |
| Quarter ending Mar 2027 | EPS (adjusted) | $7.65 | $6.26 to $9.69 | 30 | $10.44 (Mar 2026) | — |
| Quarter ending Mar 2027 | Revenue | $68.5B | $66.4B to $71.4B | 32 | $56.3B (Mar 2026) | +22% |
| Year ending Dec 2026 | EPS (adjusted) | $29.12 | $27.77 to $32.34 | 55 | — | — |
| Year ending Dec 2026 | Revenue | $256.9B | $254.0B to $259.8B | 54 | $201.0B (year to Dec 2025) | +28% |
| Year ending Dec 2027 | EPS (adjusted) | $33.97 | $29.32 to $40.18 | 56 | $29.12 (expected, year to Dec 2026) | — |
| Year ending Dec 2027 | Revenue | $312.6B | $293.6B to $350.3B | 59 | $256.9B (expected, year to Dec 2026) | +22% |
Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.
Where the cash goes
Generated $28.6B in free cash flow over the year, of which $5.4B went back to shareholders (dividends plus buybacks), leaving $23.2B in the company.
Where a year of cash went4 quarters to Sep 2026
Show the data
| Line | Amount |
|---|---|
| Op. cash flow | $133.1B |
| Capex | −$104.5B |
| Free cash flow | $28.6B |
| Dividends | −$5.4B |
| Buybacks | — |
| Cash retained | $23.2B |
Free cash flow yield
1.8%
For every $100 of market cap, the company generates about $1.8 in free cash flow a year.
Dividend yield
0.3%
For every $100 of market cap, you receive about $0.3 in dividends a year.
By quarter: free cash flow and what went back to shareholdersLast 12 quarters
Free cash flowDividendsBuybacks
Show the data
| Quarter ended | Free cash flow | Dividends | Buybacks |
|---|---|---|---|
| Dec 2023 | $11.8B | $0 | $5.9B |
| Mar 2024 | $12.8B | $1.3B | $15.0B |
| Jun 2024 | $11.2B | $1.3B | $6.3B |
| Sep 2024 | $16.5B | $1.3B | $8.8B |
| Dec 2024 | $13.6B | $1.3B | $0 |
| Mar 2025 | $11.1B | $1.3B | $12.8B |
| Jun 2025 | $9.0B | $1.3B | $10.2B |
| Sep 2025 | $11.2B | $1.3B | $3.3B |
| Dec 2025 | $14.8B | $1.3B | $0 |
| Mar 2026 | $13.2B | $1.3B | $0 |
| Jun 2026 | $1.7B | $1.4B | $0 |
| Sep 2026 | −$1.2B | $1.4B | $0 |
Diluted sharesUp 0.04% in a year
Meta Platforms had 2.57B diluted shares in the quarter ended Sep 2026, 0.04% more than a year earlier, and 1.8% fewer each year on average since Jun 2020. Over the last four quarters its earnings per share rose 29.8% and its net income rose 28.6%: fewer shares added about 1 point.
Show the data
| Quarter ended | Diluted shares |
|---|---|
| Jun 2020 | 2.88B |
| Sep 2020 | 2.89B |
| Mar 2021 | 2.88B |
| Jun 2021 | 2.88B |
| Sep 2021 | 2.86B |
| Mar 2022 | 2.74B |
| Jun 2022 | 2.71B |
| Sep 2022 | 2.69B |
| Mar 2023 | 2.60B |
| Jun 2023 | 2.61B |
| Sep 2023 | 2.64B |
| Mar 2024 | 2.62B |
| Jun 2024 | 2.61B |
| Sep 2024 | 2.60B |
| Mar 2025 | 2.59B |
| Jun 2025 | 2.57B |
| Sep 2025 | 2.57B |
| Mar 2026 | 2.56B |
| Jun 2026 | 2.57B |
| Sep 2026 | 2.57B |
Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.
Financial health
Current ratio 2.6, no pressure to repay short-term debt; debt-to-equity 0.3, debt is very low and the balance sheet is solid.
Current ratio
2.6Strong liquidity
Assets that can be turned into cash soon are 2.6x what is owed within a year. 1.5 or higher is comfortable; below 1 needs watching.
Debt-to-equity
0.3Very low debt
For every $1 of shareholder funds, there is $0.3 of debt (leases not counted). The higher the number, the more pressure when the economy weakens.
Net cash
$22.8BMore cash than debt
Cash and short-term investments of $81.6B against debt of $58.7B. Lease obligations of $25.2B are not counted: they are rent owed, not money borrowed. It also holds $27.5B of long-term investments, all of them securities it could sell.
AssetsTotal ~$366.0B
Cash
$35.9B9.8%
Investments
$73.2B20.0%
Receivables
$19.8B5.4%
Property & equipment
$196.8B53.8%
Goodwill
$24.5B6.7%
Intangibles
$3.7B1.0%
Other
$12.1B3.3%
Liabilities & equityTotal ~$366.0B
Current
$41.8B11.4%
Long-term
$106.9B29.2%
Equity
$217.3B59.4%
Latest fiscal year balance sheet. Source: Yahoo Finance.
Who holds it
22 portfolios Hunch tracks hold META: 4 members of Congress and 18 funds. It is 37.2% of ValueAct Holdings's portfolio (9.2% as filed).
FundValueAct HoldingsMETA is 37% of this portfolio+57.1%
CongressJames ComerMETA is 30% of this portfolio+38.4%
FundTheleme PartnersMETA is 25% of this portfolio+203.1%
FundPershing Square Capital ManagementMETA is 25% of this portfolio+90.1%
FundFundsmithMETA is 21% of this portfolio+31.7%
CongressLaurel LeeMETA is 20% of this portfolio+55.2%
16 more portfolios hold META
- Patient Capital ManagementFund · 18.1% (4.4% as filed)
- Wedgewood PartnersFund · 17.8% (8.9% as filed)
- Altimeter Capital ManagementFund · 15.5% (7.8% as filed)
- Tiger Global ManagementFund · 12.6% (6.6% as filed)
- Maverick CapitalFund · 11.4% (3.9% as filed)
- AppaloosaFund · 7.9% (5.1% as filed)
- Nan Shan Life InsuranceFund · 7.5% (2.8% as filed)
- Swiss National BankFund · 6.9% (2.3% as filed)
- Voyager Global ManagementFund · 6.8% (6.1% as filed)
- Coatue ManagementFund · 6.0% (2.9% as filed)
- Jia Investment AllianceFund · 5.8% (3.2% as filed)
- Dan MeuserCongress · 5.6% (2.9% as filed)
- Stony Point CapitalFund · 5.6% (3.3% as filed)
- Whale Rock Capital ManagementFund · 5.5% (2.1% as filed)
- Cleo FieldsCongress · 4.3% (4.1% as filed)
- Harvard ManagementFund · 3.4% (2.8% as filed)
META's weight in each portfolio is its target weight in the copy Hunch follows: the stocks of the latest filing that the app can trade, their weights scaled up to add to 100%. “As filed” is its weight in the filing itself: a fund’s latest 13F, or a member of Congress’s holdings from the last annual report and the trades disclosed since, each at the low end of its range. Returns are backtests based on public filings, not actual trading results. Photo credits
What did the funds Hunch tracks do?
Of the 83 funds whose 13F filings Hunch reads, 51 held META at the end of their latest quarter (for most, Q2 2026). Over that quarter 22 added shares, 22 cut, 3 bought new, 2 sold all and 4 held the same. The largest of them is Norges Bank, 32.73M shares worth $18.4B at Jun 30, 2026, 2.5% fewer than at Dec 31, 2025.
Funds that added shares
25
3 of them new holders
Funds that cut
24
2 of them sold all
Change in shares over the latest quarterThe 12 largest holdings
Added or newCut or sold all
Show every fund
| Fund | Quarter | Shares | Value | Change in shares | Change | Filed |
|---|---|---|---|---|---|---|
| Norges Bank | Q2 2026 vs Q4 2025 | 32.73M | $18.4B | −832,270 | −2.5% | Aug 12, 2026 |
| Newlands Management Operations | Q2 2026 | 9.66M | $5.4B | −133,000 | −1.4% | Aug 14, 2026 |
| Fisher Asset Management | Q3 2026 | 6.89M | $5.0B | +92,923 | +1.4% | Nov 6, 2026 |
| Swiss National Bank | Q3 2026 | 6.01M | $4.4B | −187,400 | −3.0% | Nov 12, 2026 |
| Dodge & Cox | Q2 2026 | 6.49M | $3.7B | +1.47M | +29% | Aug 13, 2026 |
| National Pension Service | Q3 2026 | 4.87M | $3.5B | +21,836 | +0.5% | Nov 12, 2026 |
| Canada Pension Plan Investment Board | Q2 2026 | 4.72M | $2.7B | +588,258 | +14% | Aug 14, 2026 |
| First Eagle Investment Management | Q3 2026 | 3.23M | $2.3B | −3.20M | −50% | Nov 10, 2026 |
| Pershing Square Capital Management | Q2 2026 | 3.20M | $1.8B | +535,201 | +20% | Aug 14, 2026 |
| Baillie Gifford & | Q3 2026 | 2.42M | $1.8B | −782,568 | −24% | Nov 9, 2026 |
| Tiger Global Management | Q2 2026 | 2.82M | $1.6B | −263,684 | −8.5% | Aug 14, 2026 |
| Coatue Management | Q2 2026 | 2.53M | $1.4B | −286,008 | −10% | Aug 14, 2026 |
| Mirae Asset Global Investments | Q3 2026 | 1.54M | $1.1B | +143,569 | +10% | Nov 3, 2026 |
| Viking Global Investors | Q2 2026 | 1.87M | $1.1B | +805,044 | +76% | Aug 14, 2026 |
| Korea Investment | Q2 2026 | 1.57M | $883M | −44,376 | −2.8% | Aug 12, 2026 |
| Altimeter Capital Management | Q2 2026 | 1.35M | $763M | −598,383 | −31% | Aug 14, 2026 |
| Fundsmith | Q2 2026 | 1.05M | $593M | −269,499 | −20% | Aug 14, 2026 |
| ValueAct Holdings | Q2 2026 | 915,674 | $516M | 0 | 0.0% | Aug 14, 2026 |
| Maverick Capital | Q2 2026 | 764,041 | $430M | +764,041 | New | Aug 14, 2026 |
| Dragoneer Investment Group | Q2 2026 | 0 | — | −712,800 | Sold all | Aug 14, 2026 |
| Appaloosa | Q2 2026 | 675,000 | $380M | +238,500 | +55% | Aug 14, 2026 |
| Hyperion Asset Management | Q3 2026 | 475,646 | $345M | +753 | +0.2% | Oct 20, 2026 |
| Theleme Partners | Q2 2026 | 459,450 | $259M | +8,375 | +1.9% | Aug 13, 2026 |
| Whale Rock Capital Management | Q2 2026 | 455,982 | $257M | −56,587 | −11% | Aug 14, 2026 |
| Tudor Investment Corp Et Al | Q2 2026 | 443,729 | $250M | +231,734 | +109% | Aug 14, 2026 |
| Greenbrier Partners Capital Management | Q3 2026 | 315,127 | $229M | −53,365 | −14% | Nov 9, 2026 |
| Voyager Global Management | Q2 2026 | 395,000 | $222M | +170,000 | +76% | Aug 14, 2026 |
| Nomura Holdings | Q2 2026 | 382,832 | $216M | +316,256 | +475% | Aug 14, 2026 |
| Giverny Capital | Q3 2026 | 290,736 | $211M | −12,152 | −4.0% | Nov 12, 2026 |
| Glenview Capital Management | Q2 2026 | 356,841 | $201M | +234,179 | +191% | Aug 14, 2026 |
| Polen Capital Management | Q2 2026 | 329,573 | $186M | −147,090 | −31% | Aug 4, 2026 |
| Temasek Holdings (Private) | Q3 2026 | 255,084 | $185M | −41,934 | −14% | Oct 28, 2026 |
| Abrams Capital Management | Q2 2026 | 325,155 | $183M | 0 | 0.0% | Aug 13, 2026 |
| Markel Group | Q3 2026 | 209,163 | $152M | −25,000 | −11% | Oct 30, 2026 |
| ARK Investment Management | Q2 2026 | 238,973 | $135M | +84,977 | +55% | Aug 14, 2026 |
| Patient Capital Management | Q3 2026 | 180,982 | $131M | +10,192 | +6.0% | Nov 12, 2026 |
| Harvard Management | Q2 2026 | 214,504 | $121M | +19,950 | +10% | Aug 14, 2026 |
| Styrax Capital | Q2 2026 | 175,000 | $98.6M | −132,981 | −43% | Aug 14, 2026 |
| Nan Shan Life Insurance | Q2 2026 | 157,555 | $88.7M | +9,511 | +6.4% | Aug 14, 2026 |
| Ruane, Cunniff & Goldfarb | Q2 2026 | 154,291 | $86.9M | −46,856 | −23% | Aug 14, 2026 |
| Soma Equity Partners | Q2 2026 | 133,056 | $74.9M | −37,350 | −22% | Aug 14, 2026 |
| Bridgewater Associates | Q2 2026 | 110,083 | $62.0M | −181,582 | −62% | Aug 14, 2026 |
| Third Point | Q2 2026 | 0 | — | −90,000 | Sold all | Aug 14, 2026 |
| Stony Point Capital | Q2 2026 | 88,516 | $49.9M | +3,009 | +3.5% | Aug 13, 2026 |
| Wedgewood Partners | Q2 2026 | 76,471 | $43.1M | +10,666 | +16% | Aug 14, 2026 |
| Jia Investment Alliance | Q3 2026 | 51,000 | $37.0M | 0 | 0.0% | Oct 6, 2026 |
| UNICOM Systems | Q3 2026 | 30,985 | $22.5M | 0 | 0.0% | Oct 13, 2026 |
| Torno Capital | Q2 2026 | 30,000 | $16.9M | +30,000 | New | Aug 14, 2026 |
| Soros Fund Management | Q2 2026 | 21,776 | $12.3M | −12,831 | −37% | Aug 14, 2026 |
| Oriental Harbor Investment Master Fund | Q3 2026 | 16,374 | $11.9M | +16,133 | +6694% | Oct 22, 2026 |
| Miller Value Partners | Q2 2026 | 6,412 | $3.6M | +6,412 | New | Aug 14, 2026 |
| Harris Associates L P | Q2 2026 | 4,655 | $2.6M | +194 | +4.3% | Aug 14, 2026 |
| Renaissance Technologies | Q3 2026 | 1,577 | $1.2M | −2.02M | −100% | Nov 12, 2026 |
From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of META at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.
Are insiders buying or selling?
Officers and directors sold $256M of META on the open market in the 12 months to Nov 12, 2026; none bought. 95% of the sales were made under 10b5-1 plans, set up in advance. The largest was Susan J Li (Chief Financial Officer), who sold $94.6M in 40 sales.
Sold
$256M
308 sales
Bought
None
0 purchases
Under 10b5-1 plans
95%
Share of the sales' value
Trades on the priceA dot a day, sized by value
METASaleSale under a 10b5-1 plan
Who tradedOpen-market trades, last 12 months
Susan J Li
Chief Financial Officer · 100% under a 10b5-1 plan
−$94.6M40 trades
Christopher K Cox
Chief Product Officer · 100% under a 10b5-1 plan
−$55.0M5 trades
Javier Olivan
Chief Operating Officer · 100% under a 10b5-1 plan
−$39.7M198 trades
Mark Zuckerberg
COB and CEO; director · 100% under a 10b5-1 plan
−$21.4M10 trades
Andrew Bosworth
Chief Technology Officer · 100% under a 10b5-1 plan
−$21.2M19 trades
Show every trade
| Date | Insider | Role | Trade | Shares | Price | Value | Filed |
|---|---|---|---|---|---|---|---|
| Nov 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 946 | $614.15 | $581K | Nov 4, 2026 |
| Nov 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $614.15 | $50K | Nov 4, 2026 |
| Nov 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $614.15 | $35K | Nov 4, 2026 |
| Nov 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $614.15 | $50K | Nov 4, 2026 |
| Nov 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $614.15 | $251K | Nov 4, 2026 |
| Nov 2, 2026 | Marc L Andreessen | Director | Sale | 5,573 | $606.85 | $3.4M | Nov 4, 2026 |
| Nov 2, 2026 | Marc L Andreessen | Director | Sale | 872 | $608.26 | $530K | Nov 4, 2026 |
| Nov 2, 2026 | Marc L Andreessen | Director | Sale | 1,964 | $609.33 | $1.2M | Nov 4, 2026 |
| Nov 2, 2026 | Marc L Andreessen | Director | Sale | 4,629 | $610.27 | $2.8M | Nov 4, 2026 |
| Nov 2, 2026 | Marc L Andreessen | Director | Sale | 4,571 | $611.14 | $2.8M | Nov 4, 2026 |
| Nov 2, 2026 | Marc L Andreessen | Director | Sale | 1,986 | $612.12 | $1.2M | Nov 4, 2026 |
| Nov 2, 2026 | Marc L Andreessen | Director | Sale | 1,292 | $613.10 | $792K | Nov 4, 2026 |
| Nov 2, 2026 | Marc L Andreessen | Director | Sale | 64 | $613.88 | $39K | Nov 4, 2026 |
| Oct 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 946 | $640.00 | $605K | Oct 28, 2026 |
| Oct 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $640.00 | $52K | Oct 28, 2026 |
| Oct 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $640.00 | $36K | Oct 28, 2026 |
| Oct 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $640.00 | $52K | Oct 28, 2026 |
| Oct 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $640.00 | $261K | Oct 28, 2026 |
| Oct 26, 2026 | Peggy Alford | Director | Sale (10b5-1 plan) | 390 | $640.00 | $250K | Oct 28, 2026 |
| Oct 19, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 946 | $707.20 | $669K | Oct 21, 2026 |
| Oct 19, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $707.20 | $58K | Oct 21, 2026 |
| Oct 19, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $707.20 | $40K | Oct 21, 2026 |
| Oct 19, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $707.20 | $58K | Oct 21, 2026 |
| Oct 19, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $707.20 | $289K | Oct 21, 2026 |
| Oct 12, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 946 | $728.10 | $689K | Oct 14, 2026 |
| Oct 12, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $728.10 | $60K | Oct 14, 2026 |
| Oct 12, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $728.10 | $42K | Oct 14, 2026 |
| Oct 12, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $728.10 | $60K | Oct 14, 2026 |
| Oct 12, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $728.10 | $297K | Oct 14, 2026 |
| Oct 5, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 946 | $728.08 | $689K | Oct 7, 2026 |
| Oct 5, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $728.08 | $60K | Oct 7, 2026 |
| Oct 5, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $728.08 | $42K | Oct 7, 2026 |
| Oct 5, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $728.08 | $60K | Oct 7, 2026 |
| Oct 5, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $728.08 | $297K | Oct 7, 2026 |
| Sep 28, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 946 | $750.42 | $710K | Sep 30, 2026 |
| Sep 28, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $748.91 | $61K | Sep 30, 2026 |
| Sep 28, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $748.91 | $43K | Sep 30, 2026 |
| Sep 28, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $748.91 | $61K | Sep 30, 2026 |
| Sep 28, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $748.91 | $306K | Sep 30, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 2,093 | $775.39 | $1.6M | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 2,516 | $776.56 | $2.0M | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 7,607 | $777.63 | $5.9M | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 4,324 | $778.36 | $3.4M | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 600 | $779.33 | $468K | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 1,133 | $775.32 | $878K | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 1,769 | $776.56 | $1.4M | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 4,810 | $777.66 | $3.7M | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 2,146 | $778.40 | $1.7M | Sep 28, 2026 |
| Sep 24, 2026 | Mark Zuckerberg | COB and CEO; director | Sale (10b5-1 plan) | 476 | $779.28 | $371K | Sep 28, 2026 |
| Sep 21, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 946 | $680.27 | $644K | Sep 23, 2026 |
| Sep 21, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $680.27 | $56K | Sep 23, 2026 |
| Sep 21, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $680.27 | $39K | Sep 23, 2026 |
| Sep 21, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $680.27 | $56K | Sep 23, 2026 |
| Sep 21, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $680.27 | $278K | Sep 23, 2026 |
| Sep 21, 2026 | Christopher K Cox | Chief Product Officer | Sale (10b5-1 plan) | 20,000 | $700.50 | $14.0M | Sep 23, 2026 |
| Sep 21, 2026 | Christopher K Cox | Chief Product Officer | Sale (10b5-1 plan) | 20,000 | $725.02 | $14.5M | Sep 23, 2026 |
| Sep 15, 2026 | Christopher K Cox | Chief Product Officer | Sale (10b5-1 plan) | 20,000 | $675.23 | $13.5M | Sep 17, 2026 |
| Sep 14, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 946 | $657.73 | $622K | Sep 16, 2026 |
| Sep 14, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $657.73 | $54K | Sep 16, 2026 |
| Sep 14, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $657.73 | $37K | Sep 16, 2026 |
| Sep 14, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $657.73 | $54K | Sep 16, 2026 |
| Sep 14, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $657.73 | $268K | Sep 16, 2026 |
| Sep 9, 2026 | Christopher K Cox | Chief Product Officer | Sale (10b5-1 plan) | 18,578 | $650.21 | $12.1M | Sep 11, 2026 |
| Sep 9, 2026 | Christopher K Cox | Chief Product Officer | Sale (10b5-1 plan) | 1,422 | $651.15 | $926K | Sep 11, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 258 | $612.99 | $158K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 117 | $614.22 | $72K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 262 | $615.23 | $161K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 855 | $616.32 | $527K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 555 | $617.28 | $343K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 529 | $618.18 | $327K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 120 | $618.93 | $74K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 78 | $620.37 | $48K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 40 | $621.03 | $25K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 24 | $622.99 | $15K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 328 | $616.06 | $202K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 228 | $616.06 | $140K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 328 | $616.06 | $202K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 52 | $612.21 | $32K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 40 | $613.30 | $25K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 200 | $614.49 | $123K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 354 | $615.88 | $218K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 473 | $616.79 | $292K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 304 | $618.00 | $188K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 157 | $619.11 | $97K | Sep 10, 2026 |
| Sep 8, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 52 | $620.27 | $32K | Sep 10, 2026 |
| Sep 3, 2026 | Aaron Anderson | Chief Accounting Officer | Sale (10b5-1 plan) | 3,240 | $618.06 | $2.0M | Sep 8, 2026 |
| Aug 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 7,848 | $558.00 | $4.4M | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,845 | $547.51 | $1.0M | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,864 | $548.20 | $1.0M | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,219 | $549.25 | $670K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 708 | $550.20 | $390K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,031 | $551.25 | $568K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 561 | $552.47 | $310K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 768 | $553.42 | $425K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 160 | $554.39 | $89K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 40 | $555.83 | $22K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 720 | $557.57 | $401K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 120 | $558.12 | $67K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 40 | $559.59 | $22K | Aug 20, 2026 |
| Aug 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 120 | $560.63 | $67K | Aug 20, 2026 |
| Aug 18, 2026 | Curtis J. Mahoney | Chief Legal Officer | Sale (10b5-1 plan) | 1,559 | $558.00 | $870K | Aug 20, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 149 | $600.00 | $89K | Aug 12, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 113 | $602.41 | $68K | Aug 12, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 92 | $604.08 | $56K | Aug 12, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 40 | $605.97 | $24K | Aug 12, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 40 | $607.14 | $24K | Aug 12, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 164 | $600.00 | $98K | Aug 12, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 114 | $600.00 | $68K | Aug 12, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 164 | $600.00 | $98K | Aug 12, 2026 |
| Aug 10, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 816 | $600.00 | $490K | Aug 12, 2026 |
| Aug 4, 2026 | Marc L Andreessen | Director | Sale | 250 | $588.16 | $147K | Aug 6, 2026 |
| Aug 4, 2026 | Marc L Andreessen | Director | Sale | 87 | $589.24 | $51K | Aug 6, 2026 |
| Aug 4, 2026 | Marc L Andreessen | Director | Sale | 44 | $590.39 | $26K | Aug 6, 2026 |
| Aug 4, 2026 | Marc L Andreessen | Director | Sale | 45 | $591.69 | $27K | Aug 6, 2026 |
| Aug 3, 2026 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 500 | $561.56 | $281K | Aug 5, 2026 |
| Jul 31, 2026 | Peggy Alford | Director | Sale (10b5-1 plan) | 464 | $543.56 | $252K | Aug 4, 2026 |
| Jul 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 837 | $607.85 | $509K | Jul 29, 2026 |
| Jul 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $607.85 | $50K | Jul 29, 2026 |
| Jul 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $607.85 | $35K | Jul 29, 2026 |
| Jul 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $607.85 | $50K | Jul 29, 2026 |
| Jul 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $607.85 | $248K | Jul 29, 2026 |
| Jul 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 837 | $645.85 | $541K | Jul 22, 2026 |
| Jul 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $645.85 | $53K | Jul 22, 2026 |
| Jul 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $645.85 | $37K | Jul 22, 2026 |
| Jul 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $645.85 | $53K | Jul 22, 2026 |
| Jul 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $645.85 | $264K | Jul 22, 2026 |
| Jul 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 1,534 | $660.98 | $1.0M | Jul 15, 2026 |
| Jul 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $661.13 | $54K | Jul 15, 2026 |
| Jul 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $661.13 | $38K | Jul 15, 2026 |
| Jul 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $661.13 | $54K | Jul 15, 2026 |
| Jul 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $661.13 | $270K | Jul 15, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 2,076 | $600.40 | $1.2M | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 816 | $601.45 | $491K | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 376 | $602.63 | $227K | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 80 | $603.14 | $48K | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 246 | $600.00 | $148K | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 171 | $600.00 | $103K | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 246 | $600.00 | $148K | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 736 | $600.32 | $442K | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 314 | $601.44 | $189K | Jul 8, 2026 |
| Jul 6, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 174 | $602.75 | $105K | Jul 8, 2026 |
| Jul 1, 2026 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 500 | $607.75 | $304K | Jul 6, 2026 |
| Jun 15, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 140 | $600.00 | $84K | Jun 17, 2026 |
| Jun 15, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 164 | $600.00 | $98K | Jun 17, 2026 |
| Jun 15, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 114 | $600.00 | $68K | Jun 17, 2026 |
| Jun 15, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 164 | $600.00 | $98K | Jun 17, 2026 |
| Jun 15, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 816 | $600.00 | $490K | Jun 17, 2026 |
| Jun 1, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 837 | $629.29 | $527K | Jun 3, 2026 |
| Jun 1, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $629.29 | $52K | Jun 3, 2026 |
| Jun 1, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $629.29 | $36K | Jun 3, 2026 |
| Jun 1, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $629.29 | $52K | Jun 3, 2026 |
| Jun 1, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $629.29 | $257K | Jun 3, 2026 |
| Jun 1, 2026 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 504 | $629.29 | $317K | Jun 3, 2026 |
| May 27, 2026 | Curtis J. Mahoney | Chief Legal Officer | Sale (10b5-1 plan) | 2,079 | $609.92 | $1.3M | May 29, 2026 |
| May 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 837 | $608.98 | $510K | May 28, 2026 |
| May 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $608.98 | $50K | May 28, 2026 |
| May 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $608.98 | $35K | May 28, 2026 |
| May 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $608.98 | $50K | May 28, 2026 |
| May 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $608.98 | $248K | May 28, 2026 |
| May 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 526 | $604.63 | $318K | May 19, 2026 |
| May 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,236 | $605.88 | $749K | May 19, 2026 |
| May 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 2,050 | $607.03 | $1.2M | May 19, 2026 |
| May 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,809 | $607.87 | $1.1M | May 19, 2026 |
| May 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 2,344 | $609.15 | $1.4M | May 19, 2026 |
| May 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,148 | $609.93 | $700K | May 19, 2026 |
| May 18, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 82 | $611.39 | $50K | May 19, 2026 |
| May 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 400 | $604.51 | $242K | May 19, 2026 |
| May 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 800 | $605.69 | $485K | May 19, 2026 |
| May 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 1,149 | $606.61 | $697K | May 19, 2026 |
| May 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 2,230 | $607.60 | $1.4M | May 19, 2026 |
| May 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 1,011 | $608.63 | $615K | May 19, 2026 |
| May 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 2,003 | $609.54 | $1.2M | May 19, 2026 |
| May 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 200 | $610.33 | $122K | May 19, 2026 |
| May 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 54 | $611.83 | $33K | May 19, 2026 |
| May 18, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 837 | $609.35 | $510K | May 19, 2026 |
| May 18, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $609.35 | $50K | May 19, 2026 |
| May 18, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $609.35 | $35K | May 19, 2026 |
| May 18, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $609.35 | $50K | May 19, 2026 |
| May 18, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $609.35 | $249K | May 19, 2026 |
| May 11, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $604.57 | $560K | May 13, 2026 |
| May 11, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $604.57 | $50K | May 13, 2026 |
| May 11, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $604.57 | $34K | May 13, 2026 |
| May 11, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $604.57 | $50K | May 13, 2026 |
| May 11, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $604.57 | $247K | May 13, 2026 |
| May 4, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $607.74 | $563K | May 6, 2026 |
| May 4, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $607.74 | $50K | May 6, 2026 |
| May 4, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $607.74 | $35K | May 6, 2026 |
| May 4, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $607.74 | $50K | May 6, 2026 |
| May 4, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $607.74 | $248K | May 6, 2026 |
| May 1, 2026 | Peggy Alford | Director | Sale (10b5-1 plan) | 409 | $614.53 | $251K | May 5, 2026 |
| Apr 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $670.84 | $621K | Apr 29, 2026 |
| Apr 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $670.84 | $55K | Apr 29, 2026 |
| Apr 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $670.84 | $38K | Apr 29, 2026 |
| Apr 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $670.84 | $55K | Apr 29, 2026 |
| Apr 27, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $670.84 | $274K | Apr 29, 2026 |
| Apr 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $680.09 | $630K | Apr 22, 2026 |
| Apr 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $680.09 | $56K | Apr 22, 2026 |
| Apr 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $680.09 | $39K | Apr 22, 2026 |
| Apr 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $680.09 | $56K | Apr 22, 2026 |
| Apr 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $680.09 | $277K | Apr 22, 2026 |
| Apr 15, 2026 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 580 | $667.00 | $387K | Apr 17, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 513 | $626.24 | $321K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 647 | $627.49 | $406K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 142 | $628.41 | $89K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 516 | $629.68 | $325K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 183 | $630.54 | $115K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 181 | $631.53 | $114K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 281 | $632.56 | $178K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 159 | $633.66 | $101K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 156 | $634.68 | $99K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 246 | $629.53 | $155K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 171 | $629.53 | $108K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 246 | $629.53 | $155K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 244 | $626.26 | $153K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 188 | $627.50 | $118K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 168 | $628.76 | $106K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 203 | $629.87 | $128K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 122 | $630.91 | $77K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 150 | $632.42 | $95K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 60 | $633.29 | $38K | Apr 15, 2026 |
| Apr 13, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 89 | $634.57 | $56K | Apr 15, 2026 |
| Mar 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $605.38 | $561K | Mar 25, 2026 |
| Mar 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $605.38 | $50K | Mar 25, 2026 |
| Mar 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $605.38 | $35K | Mar 25, 2026 |
| Mar 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $605.38 | $50K | Mar 25, 2026 |
| Mar 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $605.38 | $247K | Mar 25, 2026 |
| Mar 16, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $632.02 | $585K | Mar 18, 2026 |
| Mar 16, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $632.02 | $52K | Mar 18, 2026 |
| Mar 16, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $632.02 | $36K | Mar 18, 2026 |
| Mar 16, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $632.02 | $52K | Mar 18, 2026 |
| Mar 16, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $632.02 | $258K | Mar 18, 2026 |
| Mar 16, 2026 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 580 | $632.02 | $367K | Mar 18, 2026 |
| Mar 9, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $634.94 | $588K | Mar 11, 2026 |
| Mar 9, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $634.94 | $52K | Mar 11, 2026 |
| Mar 9, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $634.94 | $36K | Mar 11, 2026 |
| Mar 9, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $634.94 | $52K | Mar 11, 2026 |
| Mar 9, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $634.94 | $259K | Mar 11, 2026 |
| Mar 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $637.21 | $590K | Mar 4, 2026 |
| Mar 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $637.21 | $52K | Mar 4, 2026 |
| Mar 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $637.21 | $36K | Mar 4, 2026 |
| Mar 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $637.21 | $52K | Mar 4, 2026 |
| Mar 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $637.21 | $260K | Mar 4, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,426 | $640.11 | $913K | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 4,176 | $641.21 | $2.7M | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 5,515 | $642.26 | $3.5M | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 7,392 | $643.27 | $4.8M | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 6,733 | $644.12 | $4.3M | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 11,306 | $645.29 | $7.3M | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 11,744 | $646.25 | $7.6M | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 5,135 | $647.03 | $3.3M | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,530 | $648.16 | $992K | Mar 3, 2026 |
| Feb 27, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,614 | $648.83 | $1.0M | Mar 3, 2026 |
| Feb 25, 2026 | Peggy Alford | Director | Sale (10b5-1 plan) | 392 | $643.00 | $252K | Feb 27, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 2,766 | $630.31 | $1.7M | Feb 26, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 11,252 | $631.00 | $7.1M | Feb 26, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 10,436 | $631.94 | $6.6M | Feb 26, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 4,948 | $633.03 | $3.1M | Feb 26, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 4,141 | $634.10 | $2.6M | Feb 26, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 8,138 | $635.06 | $5.2M | Feb 26, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 5,182 | $635.89 | $3.3M | Feb 26, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 7,439 | $637.22 | $4.7M | Feb 26, 2026 |
| Feb 24, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 1,400 | $637.94 | $893K | Feb 26, 2026 |
| Feb 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 926 | $652.68 | $604K | Feb 25, 2026 |
| Feb 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $652.68 | $54K | Feb 25, 2026 |
| Feb 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $652.68 | $37K | Feb 25, 2026 |
| Feb 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $652.68 | $54K | Feb 25, 2026 |
| Feb 23, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $652.68 | $266K | Feb 25, 2026 |
| Feb 20, 2026 | Susan J Li | Chief Financial Officer | Sale (10b5-1 plan) | 18,789 | $650.00 | $12.2M | Feb 24, 2026 |
| Feb 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 4,329 | $630.68 | $2.7M | Feb 20, 2026 |
| Feb 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 3,320 | $631.79 | $2.1M | Feb 20, 2026 |
| Feb 18, 2026 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 440 | $632.49 | $278K | Feb 20, 2026 |
| Feb 17, 2026 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 580 | $639.18 | $371K | Feb 19, 2026 |
| Feb 17, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 172 | $639.18 | $110K | Feb 18, 2026 |
| Feb 17, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $639.18 | $52K | Feb 18, 2026 |
| Feb 17, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 57 | $639.18 | $36K | Feb 18, 2026 |
| Feb 17, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 82 | $639.18 | $52K | Feb 18, 2026 |
| Feb 17, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 408 | $639.18 | $261K | Feb 18, 2026 |
| Feb 9, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $663.19 | $343K | Feb 11, 2026 |
| Feb 2, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $714.60 | $369K | Feb 4, 2026 |
| Jan 26, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $665.00 | $344K | Jan 28, 2026 |
| Jan 20, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $608.35 | $315K | Jan 22, 2026 |
| Jan 15, 2026 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 580 | $618.28 | $359K | Jan 20, 2026 |
| Jan 12, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $653.00 | $338K | Jan 14, 2026 |
| Jan 5, 2026 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $650.41 | $336K | Jan 7, 2026 |
| Dec 30, 2025 | Jennifer Newstead | Chief Legal Officer | Sale (10b5-1 plan) | 519 | $658.69 | $342K | Dec 30, 2025 |
| Dec 29, 2025 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $658.14 | $340K | Dec 30, 2025 |
| Dec 23, 2025 | Jennifer Newstead | Chief Legal Officer | Sale (10b5-1 plan) | 519 | $659.38 | $342K | Dec 23, 2025 |
| Dec 22, 2025 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $661.11 | $342K | Dec 23, 2025 |
| Dec 16, 2025 | Jennifer Newstead | Chief Legal Officer | Sale (10b5-1 plan) | 519 | $643.23 | $334K | Dec 18, 2025 |
| Dec 15, 2025 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 580 | $646.00 | $375K | Dec 17, 2025 |
| Dec 15, 2025 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $646.00 | $334K | Dec 17, 2025 |
| Dec 9, 2025 | Jennifer Newstead | Chief Legal Officer | Sale (10b5-1 plan) | 519 | $664.16 | $345K | Dec 11, 2025 |
| Dec 8, 2025 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $669.63 | $346K | Dec 10, 2025 |
| Dec 2, 2025 | Jennifer Newstead | Chief Legal Officer | Sale (10b5-1 plan) | 519 | $642.22 | $333K | Dec 4, 2025 |
| Dec 1, 2025 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $639.03 | $330K | Dec 3, 2025 |
| Nov 25, 2025 | Jennifer Newstead | Chief Legal Officer | Sale (10b5-1 plan) | 519 | $624.14 | $324K | Nov 26, 2025 |
| Nov 24, 2025 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $598.54 | $309K | Nov 26, 2025 |
| Nov 18, 2025 | Aaron Anderson | Chief Accounting Officer | Sale (10b5-1 plan) | 726 | $591.60 | $430K | Nov 20, 2025 |
| Nov 18, 2025 | Jennifer Newstead | Chief Legal Officer | Sale (10b5-1 plan) | 519 | $591.60 | $307K | Nov 20, 2025 |
| Nov 18, 2025 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 310 | $590.64 | $183K | Nov 20, 2025 |
| Nov 18, 2025 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 3,188 | $591.89 | $1.9M | Nov 20, 2025 |
| Nov 18, 2025 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 4,066 | $592.69 | $2.4M | Nov 20, 2025 |
| Nov 18, 2025 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 929 | $593.76 | $552K | Nov 20, 2025 |
| Nov 18, 2025 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 1,750 | $595.03 | $1.0M | Nov 20, 2025 |
| Nov 18, 2025 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 964 | $596.06 | $575K | Nov 20, 2025 |
| Nov 18, 2025 | Andrew Bosworth | Chief Technology Officer | Sale (10b5-1 plan) | 483 | $596.95 | $288K | Nov 20, 2025 |
| Nov 17, 2025 | Robert M Kimmitt | Director | Sale (10b5-1 plan) | 600 | $609.35 | $366K | Nov 19, 2025 |
| Nov 17, 2025 | Javier Olivan | Chief Operating Officer | Sale (10b5-1 plan) | 517 | $604.23 | $312K | Nov 18, 2025 |
From the Form 4s filed with the SEC about Meta Platforms, Inc. (160 in the 12 months): purchases (code P) and sales (code S) on the open market by its officers and directors, at the price each filing gives (often an average of the day's trades). A sale is a 10b5-1 sale when its filing says it was made under such a plan, set up in advance. Not counted: 192 other transactions (option exercises, shares withheld for tax, shares sold to pay tax, gifts and other transfers).
Insights that mention META
Zuckerberg Form 4 shock! Meta returned -12.2% in a yearOct 24, 2026 · 3 min readMeta returned -12.2% over the year to 2026-10-23. The market returned 14.4% over the same window. Mark Zuckerberg filed a Form 4 reporting Meta share sales dated 24 September 2026. From the day the news appeared, the stock ran 1.3% ahead of the market.Meta earnings shock: operating margin just 20.1%!Oct 21, 2026 · 2 min readMeta Platforms' operating margin was 20.1% in 2026Q3. Sales were not the problem: revenue still grew 26.1% from a year earlier. The costs did the damage.Netflix earnings shock: growth slows to 11.8%!Oct 20, 2026 · 3 min readNetflix's sales growth slowed to 11.8% in 2026 Q3. In 2026 Q2 it was 13.4%. The profit side went the other way.
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