On July 29, 2026, Meta reported results for the quarter ended June 30, 2026. Revenue was $60.801 billion, up 28 percent year over year, driven by a 14 percent increase in ad impressions across the Family of Apps and a 12 percent increase in average price per ad. Family daily active people averaged 3.60 billion in June 2026, up 3 percent.
Profitability moved the other way. Income from operations fell 8 percent to $18.775 billion, net income fell 14 percent to $15.848 billion, and diluted EPS fell 13 percent to $6.18. Capital expenditures were $31.08 billion for the quarter. Meta narrowed its full-year 2026 capital expenditure guidance to $130-145 billion from a prior range of $125-145 billion, and guided Q3 2026 revenue to $61-64 billion. Management said it expects full-year operating income above 2025 levels, with rising legal charges and a higher tax rate as headwinds.
Mark Zuckerberg said “AI is accelerating our core business today, powering our next generation of products, and opening the door to entirely new enterprise opportunities.” The quarter is a useful data point on where the AI economy actually sits: AI is already paying for itself inside the advertising engine, with a 28 percent revenue increase built on more impressions at higher prices, but the depreciation and operating cost of the buildout is now large enough to shrink reported earnings even as the top line accelerates.