FORM 10-Q____________________________________________ (Mark One)☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March31, 2026or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission File Number:001-35551____________________________________________ Meta Platforms, Inc. (Exact name of registrant as specified in its charter)____________________________________________ Delaware20-1665019(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number) 1 Meta Way, Menlo Park, California 94025(Address of principal executive offices and Zip Code) (650)543-4800(Registrant's telephone number, including area code)____________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading symbol(s)Name of each exchange on which registeredClass A Common Stock, $0.000006 par valueMETAThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant(1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 (Exchange Act)during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements forthe past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of theExchange Act. Large accelerated filer☒Non-accelerated filer☐ AcceleratedfilerSmallerreportingcompanyEmerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the issuer's classes of Common Stock, as of the latest practicable date. ClassClassA Common Stock$0.000006 par valueClass B Common Stock$0.000006 par value Number of Shares Outstanding 2,196,045,588shares outstanding as of April 24, 2026342,377,716shares outstanding as of April 24, 2026 Meta Platforms, Inc. Form 10-QFor the Quarterly Period Ended March31, 2026 TABLE OF CONTENTS Note About Forward-Looking Statements3Limitations of Key Metrics and Other Data4PART I—FINANCIAL INFORMATION6Item 1.Financial Statements (unaudited)6Condensed Consolidated Balance Sheets—March 31, 2026and December31, 20256Condensed Consolidated Statements of Income—for the three months ended March 31, 2026 and 20257Condensed Consolidated Statements of Comprehensive Income—for the three months ended March 31, 2026 and20258Condensed Consolidated Statements of Stockholders' Equity—for the three months ended March 31, 2026 and20259Condensed Consolidated Statements of Cash Flows—for the three months ended March 31, 2026 and 202510Notes to Condensed Consolidated Financial Statements12Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations31Item 3.Quantitative and Qualitative Disclosures About Market Risk49Item 4.Controls and Procedures49PART II—OTHER INFORMATION50Item 1.Legal Proceedings50Item1A.Risk Factors57Item 2.Unregistered Sales of Equity Securities and Use of Proceeds94Item 5.Other Information94Item 6.Exhibits95SIGNATURES96 NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements. All statements contained in this Quarterly Report onForm 10-Q other than statements of historical fact, including statements regarding our future results of operations and financialposition, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words"believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," and similar expressions are intended to identifyforward-looking statements. We have based these forward-looking statements largely on our current expectations and projections aboutfuture events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term andlong-term business operations and objectives, and financial needs. These forward-looking statement