Meta Reports $64 Billion Revenue, Announces Stock Split
The company’s 2-for-1 split aims to secure funding for AI infrastructure while maintaining executive voting control.
Updated on Oct. 22, 2026 in Corporate Finance
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Meta Platforms reported third-quarter 2026 revenue of $64 billion, up from $51.2 billion in the same period last year. The company also announced a 2-for-1 stock split to facilitate capital expansion for artificial intelligence projects.
Why it matters
The company is directing significant financial resources toward artificial intelligence infrastructure, narrowing its annual capital expenditure forecast to between $135 billion and $145 billion to maintain competitive capacity.
Meta reported Q3 2026 revenue of $64 billion compared to $51.2 billion in Q3 2025, alongside earnings per share of $3.83 versus analyst expectations of $3.56. Legal charges related to teen mental health settlements weighed on GAAP results.
The players
Meta Platforms
A global technology conglomerate operating social media networks and digital advertising platforms.
Mark Zuckerberg
The founder and leader of Meta Platforms who maintains primary control over company operations and strategy.
The details
The 2-for-1 stock split involves issuing one non-voting Class C share for each existing Class A share, a move structured to allow Mark Zuckerberg to retain voting control of the business. This capital management strategy is designed to provide the financial flexibility required to fund the company’s extensive artificial intelligence infrastructure development.
Timeline
Q3 2025: Revenue was $51.2 billion with earnings of $1.05 per share.
Q3 2026: Revenue rose to $64 billion with earnings of $3.83 per share.
Market Landscape
Meta's structural move follows the established precedent for the Securities and Exchange Commission's rules on capital structure and voting rights. This split reflects a broader trend among major tech firms of using multi-class share structures to consolidate governance while scaling infrastructure investments.
Business operators should monitor Meta’s capital expenditure forecast of $135 billion to $145 billion as a bellwether for AI-related hardware and software cost trends. Those managing stock-based compensation or investor portfolios should review the impact of the pending 2-for-1 split on share liquidity and voting concentrations.
The takeaway
Meta's ability to exceed revenue estimates while managing significant legal liabilities provides a signal on the resilience of digital advertising models. Operators should track the company's capital allocation metrics as a gauge for the scale of investment required to compete in the current AI landscape.
Further reading
For broader trends in equity management and corporate structures, visit our Corporate Finance section.
Source note: This article includes information reported by TEMPO.
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