Company: Meta Platforms, Inc.
Ticker: META
Form: 10-K
Filed: 2026-01-29
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Meta Platforms, Inc.'s operating cash flow margin in fiscal year 2025?
Question Type: derived_ratio

Concept: NetCashProvidedByUsedInOperatingActivities
RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 57.62
Answer (Display): 57.62%
Unit: percent

Evidence:
[{"chunk_id": "246", "equivalent_chunk_ids": ["246"], "section": "CONSOLIDATED STATEMENTS OF CASH FLOWS", "supports": ["numerator", "denominator"], "text": "(In millions)\nYear Ended December 31,\nCash flows from operating activities\nNet income\n60,458\n62,360\n39,098\nAdjustments to reconcile net income to net cash provided by operating activities:\nDepreciation and amortization\n18,616\n15,498\n11,178\nShare-based compensation\n20,427\n16,690\n14,027\nDeferred income taxes\n18,738\n4,738\nUnrealized (gain) loss on equity investments\n1,138\nImpairment charges for facilities consolidation\n2,432\nOther\nChanges in assets and liabilities:\nAccounts receivable\n1,815\n1,485\n2,399\nPrepaid expenses and other current assets\nOther assets\nAccounts payable\nAccrued expenses and other current liabilities\n1,077\n5,081\nOther liabilities\n2,805\nNet cash provided by operating activities\n115,800\n91,328\n71,113\nCash flows from investing activities\nPurchases of property and equipment\n69,691\n37,256\n27,045\nPurchases of marketable securities\n36,929\n25,542\n2,982\nSales and maturities of marketable securities\n26,874\n15,789\n6,184\nPayments for held-for-sale assets\n2,432\nProceeds from Venture distribution\n2,554\nPurchases of non-marketable equity investments\n18,330\nAcquisitions of businesses and intangible assets\n4,231\nOther investing activities\nNet cash used in investing activities\n102,003\n47,150\n24,495\nCash flows from financing activities\nTaxes paid related to net share settlement of equity awards\n18,400\n13,770\n7,012\nRepurchases of Class A common stock\n26,248\n30,125\n19,774\nPayments for dividends and dividend equivalents\n5,324\n5,072\nProceeds from issuance of long-term debt, net\n29,906\n10,432\n8,455\nPrincipal payments on finance leases\n2,524\n1,969\n1,058\nOther financing activities\n2,220\nNet cash used in financing activities\n20,370\n40,781\n19,500\nEffect of exchange rate changes on cash, cash equivalents, and restricted cash equivalents\nNet increase (decrease) in cash, cash equivalents, and restricted cash equivalents\n6,338\n2,611\n27,231\nCash, cash equivalents, and restricted cash equivalents at beginning of the period\n45,438\n42,827\n15,596\nCash, cash equivalents, and restricted cash equivalents at end of the period\n39,100\n45,438\n42,827\nReconciliation of cash, cash equivalents, and restricted cash equivalents to the consolidated balance sheets\nCash and cash equivalents\n35,873\n43,889\n41,862\nRestricted cash equivalents, included in prepaid expenses and other current assets\nRestricted cash equivalents, included in other assets\n2,390\n1,196\nTotal cash, cash equivalents, and restricted cash equivalents\n39,100\n45,438\n42,827\nSee Accompanying Notes to Consolidated Financial Statements.\nMETA PLATFORMS, INC."}]

Derivation: {"denominator": "revenue", "denominator_value": 200966.0, "format": "percentage", "numerator": "operating_cash_flow", "numerator_value": 115800.0, "op": "divide"}