The above graph represents the Facebook total costs and expenses by year, starting from fiscal 2007 to the recently completed year. Facebook’s total costs and expenses increased a whopping 51% YoY in 2019, to an all-time high of $46,711 million. A majority of that the company spent on research and development activities.
|Source||Facebook Annual Reports, SEC Filings|
|Note||Facebook fiscal year starts from January 1st|
Interestingly, Facebook’s total costs and operating expenses surpassed over $10 billion mark for the first time in 2015. The total expenses increased 56.6% YoY in 2015, to $11,703 million ($11.7 billion), globally.
Every year, the social media giant is increasing its spending on research and development, sales and marketing, general and administrative activities.
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