Meta Platforms, Inc. (FB) [Rocket]

In millions, except per share items	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21	Mar-31-21	Dec-31-20
	10-Q	10-Q	8-K	10-K	10-Q	10-Q	10-Q	10-K
Total revenues	118,115	119,411	119,666	117,929	112,330	104,790	94,400	85,966
Revenue growth	5.2%	14.0%	26.8%	37.2%	42.2%	39.4%	28.7%	21.6%
Cost of goods sold	23,261	23,316	23,523	22,649	21,511	19,934	18,364	16,692
Gross profit	94,854	96,095	96,143	95,280	90,819	84,856	76,036	69,274
Gross margin	80.3%	80.5%	80.3%	80.8%	80.9%	81.0%	80.5%	80.6%
Selling, general and administrative [+]	27,110	26,446	25,079	23,872	21,060	19,033	18,251	18,156
Sales and marketing	15,074	14,848	14,512	14,043	12,937	12,066	11,647	11,591
General and administrative	12,036	11,598	10,567	9,829	8,123	6,967	6,604	6,565
Research and development	32,613	29,759	27,165	24,655	22,816	21,263	19,629	18,447
EBITDA [+]	41,476		52,050	54,720	54,759	52,079	45,393	39,533
EBITDA growth	-24.3%	-11.6%	14.7%	38.4%	55.5%	52.8%	39.5%	33.0%
EBITDA margin	35.1%	38.6%	43.5%	46.4%	48.7%	49.7%	48.1%	46.0%
Depreciation	6,247	5,988	7,905	7,603	7,331	7,035	6,757	6,389
EBITA	35,229	40,067	44,145	47,117	47,428	45,044	38,636	33,144
EBITA margin	29.8%	33.6%	36.9%	40.0%	42.2%	43.0%	40.9%	38.6%
Amortization of intangibles	98	177			485	484	480	473
EBIT [+]	35,131	39,890	43,899	46,753	46,943	44,560	38,156	32,671
EBIT growth	-25.2%	-10.5%	15.1%	43.1%	63.3%	59.7%	43.6%	36.2%
EBIT margin	29.7%	33.4%	36.7%	39.6%	41.8%	42.5%	40.4%	38.0%
Other income (expense), net	242	472	790	531	693	644	666	509
Pre-tax income	35,373	40,362	44,689	47,284	47,636	45,204	38,822	33,180
Income taxes	6,541	6,731	7,351	7,914	7,332	6,248	5,082	4,035
Tax rate	18.5%	16.7%	16.4%	16.7%	15.4%	13.8%	13.1%	12.2%
Net income	28,832	33,631	37,338	39,370	40,304	38,956	33,740	29,145
Net margin	24.4%	28.2%	31.2%	33.4%	35.9%	37.2%	35.7%	33.9%

Basic EPS [+]	$10.56	$12.17	$13.35	$13.92	$14.21	$13.69	$11.84	$10.22
Growth	-25.7%	-11.1%	12.7%	36.2%	60.3%	66.0%	61.2%	57.9%
Diluted EPS [+]	$10.48	$12.04	$13.17	$13.72	$14.01	$13.51	$11.69	$10.11
Growth	-25.2%	-10.8%	12.6%	35.7%	59.6%	65.0%	60.3%	57.2%

Shares outstanding (basic) [+]	2,732	2,765	2,797	2,828	2,837	2,846	2,850	2,851
Growth	-3.7%	-2.8%	-1.8%	-0.8%	-0.5%	-0.2%	-0.1%	-0.1%
Shares outstanding (diluted) [+]	2,750	2,793	2,834	2,869	2,877	2,885	2,885	2,882
Growth	-4.4%	-3.2%	-1.8%	-0.4%	-0.1%	0.4%	0.4%	0.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.