Recent financial briefings covering Meta Platforms Inc. noted continued scrutiny of the company's artificial intelligence infrastructure investments and advertising revenue trajectory [Brief - 2026-05-24]. These themes have remained prominent in coverage of the company in the weeks preceding this report's generation date of 2026-06-01, reflecting ongoing market attention to capital allocation decisions within the business.
Meta Platforms reported trailing twelve-month revenue of $214.96 billion as of 2026-03-31, representing year-over-year growth of 33.1%. Net income on the same basis reached $70.59 billion, with a net margin of 32.8% and an operating margin of 41.2%. Earnings per share grew 62.4% year-over-year. The company held $23.43 billion in cash against total debt of $58.75 billion. The reported price-to-earnings ratio stood at 23 [SEC 10-Q - META - 2026-03-31].
Insider activity over the past 30 days comprised 90 transactions with a net direction of selling, totalling a net disposal value of approximately $16.61 million [SEC Form 4 - META - 2026-06]. Among institutional holders, Millennium added 26% to its position, Tiger Global added 12%, and Bridgewater added 30%. Conversely, Coatue reduced its position by 26% and AQR Capital reduced its position by 10% [SEC 13F - Millennium - Q1 2026] [SEC 13F - Tiger Global - Q1 2026] [SEC 13F - Bridgewater - Q1 2026] [SEC 13F - Coatue - Q1 2026] [SEC 13F - AQR Capital - Q1 2026].
The prevailing interest rate environment as of the report date showed the 10-year US Treasury yield at 4.45% and the 2-year yield at 3.99%, producing a normal yield curve configuration [FRED DGS10] [FRED DGS2]. This rate backdrop represents the broader fixed-income context within which equity instruments including META are currently priced by market participants.