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Meta Platforms vs Snap: revenue, profit, margins and growth compared

Meta Platforms brought in $201B of revenue in fiscal 2025, Snap $5.9B in fiscal 2025. Revenue changed by +22.2% at Meta Platforms and +10.6% at Snap on the year before, so Meta Platforms grew faster. Meta Platforms kept 30.1% of its revenue as net profit, Snap -7.8%. Free cash flow was $46.1B at Meta Platforms and $437.2M at Snap.

Side by side, latest fiscal year

METASNAP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$201B$5.9B
Revenue growth+22.2%+10.6%
Net income$60.5B-$460.5M
Net margin30.1%-7.8%
Free cash flow$46.1B$437.2M
Free cash flow margin22.9%7.4%
Earnings per share (diluted)$23.49-$0.27
Cash$35.9B$1B
Debt$58.7B$3.5B
Price to earnings32.0n/a
Market value$1.91T$9.2B
Dividend yield0.28%n/a
Rank by revenue in sector#5 of 530 · Technology#81 of 530 · Technology

Over the years

Revenue
META FY2018: $55.8BMETA FY2019: $70.7BMETA FY2020: $86BMETA FY2021: $117.9BMETA FY2022: $116.6BMETA FY2023: $134.9BMETA FY2024: $164.5BMETA FY2025: $201BSNAP FY2018: $1.2BSNAP FY2019: $1.7BSNAP FY2020: $2.5BSNAP FY2021: $4.1BSNAP FY2022: $4.6BSNAP FY2023: $4.6BSNAP FY2024: $5.4BSNAP FY2025: $5.9BFY18FY19FY20FY21FY22FY23FY24FY25
META $201BSNAP $5.9B
Net income
META FY2018: $22.1BMETA FY2019: $18.5BMETA FY2020: $29.1BMETA FY2021: $39.4BMETA FY2022: $23.2BMETA FY2023: $39.1BMETA FY2024: $62.4BMETA FY2025: $60.5BSNAP FY2018: -$1.3BSNAP FY2019: -$1BSNAP FY2020: -$944.8MSNAP FY2021: -$488MSNAP FY2022: -$1.4BSNAP FY2023: -$1.3BSNAP FY2024: -$697.9MSNAP FY2025: -$460.5MFY18FY19FY20FY21FY22FY23FY24FY25
META $60.5BSNAP -$460.5M
Net margin
META FY2018: 39.6%META FY2019: 26.1%META FY2020: 33.9%META FY2021: 33.4%META FY2022: 19.9%META FY2023: 29.0%META FY2024: 37.9%META FY2025: 30.1%SNAP FY2018: -106.4%SNAP FY2019: -60.3%SNAP FY2020: -37.7%SNAP FY2021: -11.9%SNAP FY2022: -31.1%SNAP FY2023: -28.7%SNAP FY2024: -13.0%SNAP FY2025: -7.8%FY18FY19FY20FY21FY22FY23FY24FY25
META 30.1%SNAP -7.8%
Revenue growth
META FY2019: +26.6%META FY2020: +21.6%META FY2021: +37.2%META FY2022: -1.1%META FY2023: +15.7%META FY2024: +21.9%META FY2025: +22.2%SNAP FY2019: +45.3%SNAP FY2020: +46.1%SNAP FY2021: +64.2%SNAP FY2022: +11.8%SNAP FY2023: +0.1%SNAP FY2024: +16.4%SNAP FY2025: +10.6%FY19FY20FY21FY22FY23FY24FY25
META +22.2%SNAP +10.6%
Free cash flow
META FY2018: $15.4BMETA FY2019: $21.2BMETA FY2020: $23.6BMETA FY2021: $39BMETA FY2022: $19.3BMETA FY2023: $44.1BMETA FY2024: $54.1BMETA FY2025: $46.1BSNAP FY2018: -$810.2MSNAP FY2019: -$341.4MSNAP FY2020: -$225.5MSNAP FY2021: $223MSNAP FY2022: $55.3MSNAP FY2023: $34.8MSNAP FY2024: $218.7MSNAP FY2025: $437.2MFY18FY19FY20FY21FY22FY23FY24FY25
META $46.1BSNAP $437.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Meta Platforms and Snap

Which is bigger by revenue, Meta Platforms or Snap?

Meta Platforms is bigger by revenue: $201B in fiscal 2025, against $5.9B for Snap in fiscal 2025.

Which keeps more of its revenue as profit, Meta Platforms or Snap?

Meta Platforms had a net margin of 30.1% in fiscal 2025; Snap had -7.8% in fiscal 2025.

Which grew revenue faster, Meta Platforms or Snap?

In their latest fiscal years revenue changed by +22.2% at Meta Platforms and +10.6% at Snap.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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