Meta Q3 FY2026: Revenue Up 26%, EPS Hit by $9.89 Billion Charge
Meta's Q3 FY2026 revenue grew 26% to $64.60 billion, but GAAP EPS was $3.83 and missed the $5.7889 consensus because of a $9.89 billion legal charge; excluding it, EPS would have been $7.40. Read the quarter as strong ad demand plus a one-time legal hit, with capex and negative free cash flow as the key offset.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $3.83, below the $5.7889 consensus, largely because Q3 included a $9.89 billion charge tied to the attorneys general agreement. Excluding that charge, Meta says diluted EPS would have been $7.40, up $3.57.
Revenue was $64.60 billion, up 26% from $51.24 billion, but gross margin slipped to 79.3% from 82.0%. Ad impressions rose 10% and average price per ad rose 14%, while Family DAP reached 3.64 billion, up 3%.
For Q4 2026, Meta guides revenue to $73–76 billion, with foreign currency an approximately 1% headwind. It raised full-year 2026 expense guidance to $175–179 billion to include the $9.9 billion legal charge and narrowed 2026 capex to $135–145 billion. The Q4 midpoint of $74.50 billion compares with Q3's $64.60 billion.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-23
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