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Signal Ledger LabMeta Platforms
METASIGNAL LEDGER VALUATIONWhat the shares are worth today if management delivers the targets it has set for each business: every business valued at FY2030 and discounted back, every input cited.
Research updated 2026-10-23 03:44:33 UTCBUY below $729.97WATCHSELL above $1,368.69
Price viewBUY
Buy below · 80% of FV$729.97
Sell above · 150% of FV$1,368.69
BUY below 80% of FV · WATCH from 80% to 150% · SELL above 150%. Thresholds use unrounded fair values.
REPORTED FIGURES / LATEST SEC FILING
What META reported, business by business.
SEC 10-Q ↗ · quarter ended 2026-09-30 · filed 2026-10-22 · checked 2026-10-29 01:20 UTC; an earnings release published before the 10-Q or 10-K is not included.
- Reported revenue
- $64.601B
- Reported net income
- $9.86B
- Reported diluted EPS
- $3.83
RECONCILED Business rows reconcile to SEC revenue from the same filing and reporting period. Unverified segment profits remain blank.
Reported accounting segments, 2026-07-01 to 2026-09-30. Reported results; the valuation above uses the dated research assumptions.
| Business | Revenue | Share of revenue | Operating profit | Margin |
|---|---|---|---|---|
| Family of Apps | $64.158B | 99.3% | $17.117B | 26.7% |
| Reality Labs | $0.443B | 0.7% | −$4.129B | −932.1% |
| Consolidated revenue | $64.601B | 100% | — |
View reported source cells
Accession 0001628280-26-066773
Family of Apps
The following table sets forth our segment information of revenue, expenses, and income (loss) from operations (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Family of Apps: Revenue $ 64,158 $ 50,772 $ 180,436 $ 139,821; Total: Revenue $ 64,601 $ 51,242 $ 181,712 $ 141,073
Reality Labs
The following table sets forth our segment information of revenue, expenses, and income (loss) from operations (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Reality Labs: Revenue $ 443 $ 470 $ 1,276 $ 1,252; Total: Revenue $ 64,601 $ 51,242 $ 181,712 $ 141,073
THE COMPANY
What does Meta Platforms do?
Advertising and social platform with AI investment
Businesses: Family of Apps · Reality Labs
EVIDENCE
Follow every input to its source
Read the full valuation for each business, the assumptions behind it and the cited evidence.