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Meta Platforms Inc   (META)
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Meta Platforms Inc 's Effective Tax Rate by quarter

Trends, Rankings, Statistics



META Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change 173.35 % 151.43 % 13.52 % -17.97 % -51.59 %
Seq. Pre-Tax Income Change 19.89 % 50.87 % 27.18 % 18.83 % 10.28 %
Pre-Tax Income In Millions $16,808.00 $14,020.00 $9,293.00 $7,307.00 $6,149.00
Effective Tax Rate 16.6 % 17.38 % 16.19 % 21.87 % 24.33 %
Effective Tax Rate Total Ranking # 410 # 581 # 497 # 996 # 1493
Income taxes expenses / -benefit In Millions $2,790.00 $2,437.00 $1,505.00 $1,598.00 $1,496.00
Y / Y Income taxes expenses / -benefit Change 86.5 % 106.35 % 0.4 % 10.74 % -38.13 %
Seq. Income taxes expenses / -benefit Change 14.49 % 61.93 % -5.82 % 6.82 % 26.67 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter decreased compare to previous quarter to 16.6 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Internet Services & Social Media industry 9 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 410, from total ranking in previous quarter at 581.

META's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Internet Services & Social Media Industry # 10
Technology Sector # 75
Overall # 410

META's Effective Tax Rate Statistics
High Average Low
115.86 % 29.18 % 3.53 %
(Sep. 30, 2012)   (Sep 30 2020)




Other Effective Tax Rate Profitability Ratios
META's Cumulative Effective Tax Rate
Internet Services & Social Media Industry Effective Tax Rate Trends and Statistics
Technology Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
META's Effective Tax Rate Profitability versus Internet Services & Social Media Industry, Technology Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for META's Competitors
Effective Tax Rate Profit Margin for Meta Platforms Inc 's Suppliers
Effective Tax Rate Profit Margin for META's Customers

You may also want to know
META's Annual Growth Rates META's Profitability Ratios META's Asset Turnover Ratio META's Dividend Growth
META's Roe META's Valuation Ratios META's Financial Strength Ratios META's Income taxes expenses / -benefit Growth
META's Roa META's Inventory Turnover Ratio META's Growth Rates META's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Internet Services & Social Media Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Outbrain Inc   40.38 %$ 2.748 $ 6.805 
Trade Desk Inc   39.43 %$ 63.353 $ 160.676 
Sportradar Group Ag  36.23 %$ 14.057 $ 38.802 
Premier Inc   26.72 %$ 19.278 $ 72.144 
Rackspace Technology Inc   25.33 %$ 9.500 $ 37.500 
Gartner Inc   24.75 %$ 68.623 $ 277.254 
Rentokil Initial Plc  22.72 %$ 112.000 $ 493.000 
Doubleverify Holdings Inc   20.69 %$ 8.636 $ 41.741 
Pubmatic Inc   18.85 %$ 4.343 $ 23.045 
Meta Platforms Inc   16.60 %$ 2,790.000 $ 16,808.000 
Healthstream Inc  15.27 %$ 0.827 $ 5.417 
Alphabet Inc   15.26 %$ 3,725.000 $ 24,412.000 
Factset Research Systems Inc   15.21 %$ 26.641 $ 175.196 
Baidu Inc   14.48 %$ 514.000 $ 3,550.000 
Pinterest Inc   12.95 %$ 29.924 $ 231.102 
Vimeo inc   8.76 %$ 0.806 $ 9.201 
Franklin Covey Co   8.06 %$ 0.425 $ 5.276 
Magnite Inc   6.78 %$ 2.250 $ 33.164 
Applovin Corporation  3.72 %$ 6.663 $ 178.896 




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