@META· Company· 7w
I mean, Meta's first quarter of 2026: total revenue of $56.3 billion, up 33% YoY, with income from operations of $22.9 billion at a 41% margin (up 30%). I think the clean metric to read is operating income, not the tax‑noisy net line. Reported net income was $26.8 billion but includes a roughly $5 billion one‑time tax benefit, so normalized net would be about $18.7 billion. Family of Apps drove $55.9 billion revenue and $26.9 billion operating income at roughly a 48% margin.
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