Meta Q2 Revenue Jumps 28% to $60.8B, Net Income Falls 14%

Meta posts $60.8B revenue driven by ad growth, but net income drops 14% amid surging costs and legal settlements.

Woofun AI reports that Meta Platforms generated $60.8 billion in revenue for the second quarter of 2026, representing a 28% year-on-year increase. Advertising revenue accounted for $59.36 billion, up 27% annually.

However, net income fell 14% to $15.85 billion, with earnings per share declining 13% to $6.18. Operating profit dropped 8% to $18.78 billion, reducing the operating margin from 43% to 31%. Total costs and expenses rose 55% to $42 billion, including $2.4 billion in legal settlements and $1.18 billion in workforce reduction costs.