Meta bought back $0 of stock in the first half — and raised $24.9bn with bonds maturing as late as 2066
Q2 10-Q: buybacks of $23.2bn a year ago fell to zero while capex rose to $49.1bn (+67%). Full-year capex guidance $130–145bn. A $10.8bn escrow for infrastructure purchases and up to $13bn of residual-value guarantees for a data-center venture sit only in the notes
aiSwingX™ Editorial · Reviewed
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Meta Platforms Form 10-Q for Q2 2026 (filed 2026-07-30): consolidated statement of cash flows, Stockholders' Equity note (repurchases), Long-term Debt note, Note 9 'Commitments and Contingencies', Note 13 'Subsequent Event', MD&A 'Liquidity and Capital Resources'
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Meta Platforms (META) did not repurchase a single share in the first half of 2026. The 10-Q filed July 30 shows buybacks falling from $23,159m a year earlier to zero, while notes issued in May raised $24,910m. Where the money is going is set out in the cash flow statement and in Notes 9 and 13.
What happened
Meta Platforms (META) runs Facebook, Instagram and WhatsApp and is among the U.S. stocks most widely held by Korean retail investors.
Its 10-Q for the second quarter of 2026, filed July 30, shows revenue of $60,801m, up 28% from a year earlier, but income from operations of $18,775m, down 8%, and net income of $15,848m, down 14%. Costs grew faster than revenue.
The cash flow statement shows a larger change. First-half share repurchases were zero, against $23,159m a year earlier. The stockholders' equity note states: "We did not repurchase any shares of Class A common stock during the six months ended June 30, 2026," and the $25.03bn of remaining authorization is untouched. Over the same period the company issued notes in May that raised $24,910m net, and first-half capital expenditures were $49,113m, 1.7 times the $29,479m of a year earlier. The company says it plans $130–145bn of capital expenditures for 2026.
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The stockholders' equity note states: 'We did not repurchase any shares of Class A common stock during the six months ended June 30, 2026.' The cash flow statement shows no repurchase line; a year earlier the figure was $23,159m.
Did the company explain why it stopped?
Not directly. The MD&A attributes the rise in financing cash to 'net proceeds from the May 2026 Notes and the absence of share repurchases' and says the company has increased, and expects to keep increasing, infrastructure and AI investment. How to read the two together is discussed in the subscriber section.
What are the terms of the $24.9bn of notes?
Issued May 2026, maturing 2031–2066, coupons 4.55%–6.45%. Notes outstanding at June 30 were $84.0bn of principal, with future interest obligations of $4.40bn short-term and $84.98bn long-term.
Where can I verify these numbers?
On SEC EDGAR: Meta Platforms' Q2 2026 Form 10-Q (accession 0001628280-26-050705), cash flow statement, the stockholders' equity, long-term debt, commitments (Note 9) and subsequent event (Note 13) notes, and the MD&A liquidity section.
How aiSwingX™ wrote this
We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
Meta Platforms Form 10-Q for Q2 2026 (filed 2026-07-30): consolidated statement of cash flows, Stockholders' Equity note (repurchases), Long-term Debt note, Note 9 'Commitments and Contingencies', Note 13 'Subsequent Event', MD&A 'Liquidity and Capital Resources' · SEC EDGAR · This article is not investment advice. Disclaimer
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aiSwingX™ analyzes US filings and reports them as news investors can read.
