META — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-04-30

• •Dividend and dividend equivalent payments were $1.35 billion for the three months ended March 31, 2026.

• •Effective tax rate was (23)% for the three months ended March 31, 2026. This rate reflects an income tax benefit of $8.03 billion related to the U.S. Corporate Alternative Minimum Tax transitional relief under Treasury Notice 2026-7. Excluding this tax benefit, the effective tax rate would have bee…

• •Family daily active people (DAP) was 3.56 billion on average for March 2026, an increase of 4% year-over-year.

• •Ad impressions delivered across our Family of Apps in the first quarter of 2026 increased by 19% year-over-year.

• •Average price per ad in the first quarter of 2026 increased by 12% year-over-year.

Text removed vs the prior filing · source: 10-Q · 2025-10-30

• •Share repurchases of our Class A common stock were $3.16 billion and total dividend and dividend equivalent payments were $1.33 billion for the three months ended September 30, 2025.

• •Effective tax rate was 87% for the three months ended September 30, 2025. This includes a one-time income tax charge of $15.93 billion accrued in the third quarter of 2025 related to the implementation as of the enactment date of the One Big Beautiful Bill Act.

• •Headcount was 78,450 as of September 30, 2025, an increase of 8% year-over-year.

• •Family daily active people (DAP) was 3.54 billion on average for September 2025, an increase of 8% year-over-year.

• •Ad impressions delivered across our Family of Apps in the third quarter of 2025 increased by 14% year-over-year.

Text added vs the prior filing · source: 10-Q · 2026-04-30

• There have been no material changes to our market risk exposures during the three months ended March 31, 2026. For quantitative and qualitative disclosures about market risk, refer to Part II, Item 7A, Quantitative and Qualitative Disclosures About Market Risk, from our Annual Report on Form 10-K fo…

Text removed vs the prior filing · source: 10-Q · 2025-10-30

• In the nine months ended September 30, 2025, we made additional investments in marketable equity securities and non-marketable equity investments that could have a material impact on the fair value or carrying value of our holdings. For additional information about our marketable equity securities a…

• Except as described above, there have been no material changes to our market risk exposures during the nine months ended September 30, 2025. For quantitative and qualitative disclosures about market risk, refer to Part II, Item 7A, Quantitative and Qualitative Disclosures About Market Risk, from our…

Text added vs the prior filing · source: 10-Q · 2026-04-30

• We are subject to various litigation and government inquiries and investigations, formal or informal, by competition authorities in the United States, Europe, and other jurisdictions. Such investigations, inquiries, and lawsuits concern, among other things, our business practices in the areas of soc…

• conduct and unfair methods of competition in violation of Section 5 of the Federal Trade Commission Act and Section 2 of the Sherman Act, including by acquiring Instagram in 2012 and WhatsApp in 2014 and by maintaining conditions on access to our platform. The FTC sought a permanent injunction again…

• We are also subject to litigation in Europe brought by news and media companies alleging anticompetitive conduct in relation to aspects of our historic data processing practices. For example, on December 1, 2023, 87 news media companies filed a joint action against us in Spain in relation to our leg…

• Beginning in January 2022, we became subject to litigation and other proceedings that were filed in various federal and state courts in the United States as well as other jurisdictions alleging that Facebook and Instagram cause "social media addiction" in users, with most proceedings focused on thos…

• in the U.S. District Court for the Northern District of California (In re Social Media Adolescent Addiction Product Liability Personal Injury Litigation). Beginning in March 2023, U.S. states and territories began filing lawsuits on these topics in various federal and state courts. These additional …

Text removed vs the prior filing · source: 10-Q · 2025-10-30

• We are subject to various litigation and government inquiries and investigations, formal or informal, by competition authorities in the United States, Europe, and other jurisdictions. Such investigations, inquiries, and lawsuits concern, among other things, our business practices in the areas of soc…

• Beginning in January 2022, we became subject to litigation and other proceedings that were filed in various federal and state courts in the United States as well as other jurisdictions alleging that Facebook and Instagram cause "social media addiction" in users, with most proceedings focused on thos…

• We are also subject to government investigations and requests from multiple regulators in various jurisdictions globally concerning the use of our products and services, and the alleged mental and physical health and safety impacts on users, particularly younger users. On May 16, 2024, the European …

• Beginning on August 15, 2018, multiple putative class actions were filed against us alleging that we inflated our estimates of the potential audience size for advertisements, resulting in artificially increased demand and higher prices. The cases were consolidated in the U.S. District Court for the …

• Beginning on July 7, 2023, multiple cases, including putative class actions, were filed against us in the United States and elsewhere, alleging that we improperly acquired, distributed, and used various copyrighted books and materials to train our artificial intelligence models and seeking unspecifi…

Text added vs the prior filing · source: 10-Q · 2026-04-30

• It is not possible to predict all of the risks related to the use of AI and changes in laws, rules, directives, and regulations or other regulatory developments regarding the use of AI, including restrictions around the collection and use of data, may adversely affect our ability to develop and use …

• and services, increase our operating costs, require significant management time and attention, or otherwise harm our business. As a result of these or other factors, our Reality Labs strategy and investments may not be successful in the foreseeable future, or at all, which could adversely affect our…

• We have made and are continuing to make investments to enable creators to contribute engaging third-party content to our platform and developers to build, grow, and monetize applications that integrate with our products. From time to time we make product changes and offer tools to promote creative c…

• example, from time to time, we have taken actions to reduce the volume of communications from these developers to users on our products with the objective of enhancing the user experience, and such actions have reduced distribution from, user engagement with, and our monetization opportunities from,…

• We incur significant expenses in operating our business, and some of our investments, particularly our investments in our artificial intelligence initiatives as well as Reality Labs, have the effect of reducing our cash flows, operating margin and profitability. If our investments are not successful…

Text removed vs the prior filing · source: 10-Q · 2025-10-30

• It is not possible to predict all of the risks related to the use of AI and changes in laws, rules, directives, and regulations or other regulatory developments regarding the use of AI, including restrictions around the collection and use of data, may adversely affect our ability to develop and use …

• regularly evaluate our product roadmaps and make significant changes as our understanding of the technological challenges and market landscape of AI, as well as our product ideas and designs, continue to evolve. As a result of these or other factors, our AI strategy and investments may not be succes…

• We have made and are continuing to make investments to enable developers to build, grow, and monetize applications that integrate with our products. Such existing and prospective developers may not be successful in building, growing, or monetizing applications that create and maintain user engagemen…

• will adversely affect, our relationships with developers. If we are not successful in our efforts to maintain or grow the number of developers that choose to build products that integrate with our products or if we are unable to continue to build and maintain good relations with such developers, our…

• exchange rates or negatively impact our ability to access capital in the future; illnesses to key employees, or a significant portion of our workforce, which may result in inefficiencies, delays, and disruptions in our business; and increased volatility and uncertainty in the financial projections w…

Text added vs the prior filing · source: 10-Q · 2026-04-30

• During the quarter ended March 31, 2026, the officers and directors listed below adopted, modified, or terminated trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. References to "net shares received" below re…

• On January 31, 2026, Mark Zuckerberg, our founder, Chairman, and Chief Executive Officer, entered into a trading plan that provides for the sale of an aggregate of up to 639,347 shares of our Class A common stock and 1,268,340 shares of our Class B common stock held by entities affiliated with Mr. Z…

• On February 6, 2026, Aaron Anderson, our Chief Accounting Officer, entered into a trading plan that provides for the sale of up to all of the net shares received from two quarterly settlements of the restricted stock units underlying Mr. Anderson's outstanding equity awards and any future equity awa…

• On February 25, 2026, Robert M. Kimmitt, a member of our board of directors, entered into a trading plan that provides for the sale of an aggregate of 1,504 shares of our Class A common stock. The plan will terminate on August 3, 2026, subject to early termination for certain specified events set fo…

• On February 25, 2026, C.J. Mahoney, our Chief Legal Officer, entered into a trading plan that provides for the sale of 65% of the net shares received during the duration of the plan pursuant to Mr. Mahoney's outstanding equity award and any future equity award grants. The plan will terminate on May …

Text removed vs the prior filing · source: 10-Q · 2025-10-30

• On August 15, 2025, Robert M. Kimmitt, a member of our board of directors, entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended. The trading plan provides for the sale of an aggregate of 3,500 share…