The company said it expects total expenses for 2026 to come to between $165bn and $169bn.
Tech giant Meta’s income and operating margin for the second quarter of 2026 were down in comparison to the same time last year amid significant outgoings for the period.
Although revenues were up 28pc to $60.8bn for the period ending 30 June, the company saw a big jump in costs and expenses from around $27bn in Q2 2025 to more than $42bn this year.
Total income fell from $20.4bn to $18.8bn, with operating margin dropping from 43pc to 31pc. Net income fell year-on-year from $18.3bn to $15.8bn.
The 55pc year-on-year jump in expenses includes a $2.4bn outlay on charges around various legal proceedings and $1.8bn in severance costs invoked from recent layoffs by the company. It said it expects total expenses for 2026 to come to between $165bn and $169bn.
