The above graph represents Facebook net income by quarter, starting from fiscal Q1 2010 to the most recently completed quarter. Facebook net profit in Q4 2019 increased 6.8% YoY to a record-breaking $7,349 million ($7.3 billion). This was the highest-ever profit the company generated till date. On quarterly basis, the company recorded an impressive 20.7% QoQ growth in its quarterly net income.
|Source||Facebook Quarterly Reports, SEC Filings|
|Note||Facebook fiscal year starts from January 1st|
Facebook Net Income by Quarter: History
Surprisingly, in fiscal Q4 2018, Facebook quarterly net profit rosed 61% YoY to $6,882 million ($6.9 billion).
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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