Meta Platforms, Inc. stock research
FY2025 Q2
Meta Platforms (META) Gross Margin — Quarter Ended Jun 30, 2025
Revenue, gross profit, and cost of revenue all increased compared to the prior quarter and the same quarter last year. Gross margin remained stable sequentially and improved year-over-year, reflecting that gross profit grew proportionally with revenue.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue, gross profit, and cost of revenue all increased compared to the prior quarter and the same quarter last year. Gross margin remained stable sequentially and improved year-over-year, reflecting that gross profit grew proportionally with revenue.
- The gross margin was unchanged sequentially and higher year-over-year, with gross profit and revenue moving in the same direction.
- Compared to the prior quarter, revenue, gross profit, and cost of revenue were higher while gross margin was stable. Compared to the same quarter last year, all metrics were higher and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
82.1%
Gross profit
$39.0B
Revenue
$47.5B
Cost of revenue
$8.5B
Quarter-over-quarter change
+0.0 pts
Year-over-year change
+0.8 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $40.6B | $33.2B | $7.4B | 81.8% |
| Dec 31, 2024 | $48.4B | $39.5B | $8.8B | 81.7% |
| Mar 31, 2025 | $42.3B | $34.7B | $7.6B | 82.1% |
| Jun 30, 2025 | $47.5B | $39.0B | $8.5B | 82.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+0.0 pts
Year-over-year change
Jun 30, 2024
+0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin was unchanged sequentially and higher year-over-year, with gross profit and revenue moving in the same direction.
Compared to the prior quarter, revenue, gross profit, and cost of revenue were higher while gross margin was stable. Compared to the same quarter last year, all metrics were higher and gross margin improved.
Monitor whether the cost of revenue continues to rise at a rate that allows gross margin to remain stable or improve.