The above graph represents Facebook net income by quarter, starting from fiscal Q1 2010 to the most recent quarter. Facebook’s net income in Q2 2019 declined a whopping 48.8% YoY to $2,616 million ($2.6 billion), worldwide. However, the company saw a notable 7.69% increase in its net income when compared to the previous quarter.
- Region: Worldwide
- Source: Facebook Quarterly Reports, SEC Filings
- Last Updated: 31 July 2019
- Note: Facebook financial year – Jan 1 to 31 December
- Graph ID: 408
Facebook Net Income by Quarter: History
Surprisingly, in fiscal Q4 2018, Facebook’s net profit rosed to a record-breaking $6,882 million ($6.9 billion), with a year-over-year increase of 61%. This was the highest-ever profit the company generated till date.
However, in the first quarter of 2019, the company witnessed a huge 64.7% QoQ and 51% YoY decline in its quarterly net income. Due to the ongoing enquiry by FTC on Facebook in Q1 2019, the company anticipated $3 billion probable fine and set it apart from their net income. This eventually reduces the net profit of Facebook in Q1 2019 to just $2,429 million ($2.4 billion).
As FTC imposed $5 billion fine on Facebook, the company had to take out an additional $2 billion – the company already set apart $3 billion in Q1 2019 – for the FTC fine. In addition to this, Facebook also had to cough up $1.1 billion income tax expense due to the developments in Altera Corp. v. Commissioner.
When it comes to net loss between Q1 2010 and Q2 2019, the fiscal Q2 and Q3 2012 were the only two quarters when Facebook incurred the loss of $157 million and $59 million, respectively.
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