capital expenditures News & Analysis

Meta (META) Reports $46B Free Cash Flow with 41% Operating Margin

Meta Platforms (META) reported a $46 billion free cash flow for 2025 and a 41% operating margin. The stock has decreased 20% from its peak, closing at $577.22 on June 18, 2026. Analysts project full-year 2026 capital expenditures (capex) between $125 billion and $145 billion, an increase from 2025's $72.22 billion. Despite market concerns, the average analyst price target for META sits at $827.32, with 49 buy ratings and a potential 46% upside based on current valuations.