Meta Platforms (XSWX:FB) Tax Rate % : 12.79% (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is Meta Platforms Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Meta Platforms's Tax Expense for the three months ended in Mar. 2024 was CHF1,612 Mil. Meta Platforms's Pre-Tax Income for the three months ended in Mar. 2024 was CHF12,603 Mil. Therefore, Meta Platforms's Tax Rate % for the quarter that ended in Mar. 2024 was 12.79%.

Meta Platforms Tax Rate % Historical Data

The historical data trend for Meta Platforms's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Meta Platforms Tax Rate % Chart

Meta Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

Get a 7-Day Free Trial

25.50

12.16

16.74

19.50

17.56

Meta Platforms Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															21.87	16.19	17.38	16.60	12.79

Meta Platforms Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Meta Platforms's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	7203.784	/	41015.734
	=	17.56 %

Meta Platforms's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	1611.92	/	12603.014
	=	12.79 %

Meta Platforms Tax Rate % Related Terms

Thank you for viewing the detailed overview of Meta Platforms's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Meta Platforms (XSWX:FB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meta Platforms Inc (XSWX:FB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

META:USA META:Peru META:Mexico FB:Italy FB2Ad:UK 0QZI:UK FB2A:Germany METACL:Chile META:Canada M1TA34:Brazil META:Austria

Address

1601 Willow Road, Menlo Park, CA, USA, 94025

Website

https://www.facebook.com

Meta is the world's largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm's ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.

Meta Platforms (XSWX:FB) Headlines

No Headlines