{
  "data_version": "seed-0.7 · marketcap-1 · 2026-08-30",
  "source": "https://finance.foundation",
  "license": {
    "finance_foundation_data": "CC BY 4.0 — attribution: Finance Foundation (https://finance.foundation)",
    "upstream_values": "Fields sourced from a provider carry their own source field and remain under that provider's terms — see https://finance.foundation/api/v1/sources"
  },
  "entity": "company",
  "data": {
    "id": "meta",
    "name": "Meta Platforms",
    "legal_name": "Meta Platforms, Inc.",
    "ticker": "META",
    "exchange": "nasdaq",
    "country": "united-states",
    "sector": "Communication Services",
    "industry": "Social Media",
    "market_cap_usd_bn": 1472.5,
    "currency": "USD",
    "website": "https://about.meta.com",
    "founded": 2004,
    "description": "Facebook, Instagram, WhatsApp and Messenger; advertising-funded, with heavy AI and AR/VR investment.",
    "identifiers": {
      "lei": "BQ4BKCS1HXDV9HN80Z93",
      "isin": "US30303M1027",
      "figi": "BBG001SQCQC5"
    },
    "market_cap_seed_usd_bn": 1600,
    "market_cap_basis": "computed",
    "market_cap_as_of": "2026-08-28",
    "market_cap": {
      "usd_bn": 1472.5,
      "method": "shares_outstanding x price",
      "shares_outstanding": 2547506225,
      "shares_basis": "outstanding",
      "shares_as_of": "2026-06-30",
      "shares_source": "SEC 10-Q cover page (2026-06-30)",
      "shares_source_url": "https://www.sec.gov/Archives/edgar/data/1326801/000162828026050705/R1.htm",
      "price": 578.02,
      "price_currency": "USD",
      "price_date": "2026-08-28",
      "price_symbol": "META",
      "price_venue": "NasdaqGS",
      "fx": null,
      "adr_ratio": null,
      "caveat": "Class B is unlisted but is on the 10-Q cover page; it must be included — using the listed Class A alone understates the cap by ~13%. Class A count is now rising (2,187m at 2025-12-31 -> 2,206m at 2026-06-30) as buybacks no longer offset RSU issuance."
    },
    "fundamentals": {
      "period": "2025-12-31",
      "form": "10-K",
      "filed": "2026-01-29",
      "filing_url": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001326801&type=10-K&dateb=&owner=include&count=10",
      "reporting_currency": "USD",
      "fx": null,
      "note": "Every metric comes from the same annual filing; a metric absent from that filing is absent here rather than taken from another year. Each carries the XBRL tag it was read from.",
      "metrics": {
        "revenue": {
          "value": 200966000000,
          "usd": 200966000000,
          "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
          "start": "2025-01-01",
          "end": "2025-12-31"
        },
        "net_income": {
          "value": 60458000000,
          "usd": 60458000000,
          "tag": "us-gaap:NetIncomeLoss",
          "start": "2025-01-01",
          "end": "2025-12-31"
        },
        "operating_income": {
          "value": 83276000000,
          "usd": 83276000000,
          "tag": "us-gaap:OperatingIncomeLoss",
          "start": "2025-01-01",
          "end": "2025-12-31"
        },
        "assets": {
          "value": 366021000000,
          "usd": 366021000000,
          "tag": "us-gaap:Assets",
          "start": null,
          "end": "2025-12-31"
        },
        "equity": {
          "value": 217243000000,
          "usd": 217243000000,
          "tag": "us-gaap:StockholdersEquity",
          "start": null,
          "end": "2025-12-31"
        },
        "rnd": {
          "value": 57372000000,
          "usd": 57372000000,
          "tag": "us-gaap:ResearchAndDevelopmentExpense",
          "start": "2025-01-01",
          "end": "2025-12-31"
        },
        "cash": {
          "value": 35873000000,
          "usd": 35873000000,
          "tag": "us-gaap:CashAndCashEquivalentsAtCarryingValue",
          "start": null,
          "end": "2025-12-31"
        }
      }
    }
  },
  "field_provenance": {
    "market_cap_usd_bn": "Computed, not copied: shares outstanding from the issuer's own filing x the closing price on its home listing. The inputs, their dates and the filing URL are in the `market_cap` object; null means we hold no share count we can source. `market_cap_seed_usd_bn` is the superseded hand-entered value, kept only so the two can be told apart.",
    "founded": "Company's own corporate history / registration record.",
    "sector": "Finance Foundation classification, not GICS or ICB (both licensed).",
    "identifiers": {
      "lei": "GLEIF (CC0) — free to redistribute",
      "isin": "Issuer's own primary listing document; ISO 6166 check digit validated. For a company carried via its US ADR this is the ADR ISIN — see us_listing_type",
      "figi": "OpenFIGI (open standard) — free to redistribute"
    }
  },
  "links": {
    "html": "https://finance.foundation/companies/meta",
    "graph": "https://finance.foundation/api/v1/graph/companies/meta",
    "sources": "https://finance.foundation/api/v1/sources"
  }
}