# Meta bought back $0 of stock in the first half — and raised $24.9bn with bonds maturing as late as 2066

![Meta bought back $0 of stock in the first half — and raised $24.9bn with bonds maturing as late as 2066](https://aiswingx.com/static/covers/meta-2026q2_cover.jpg?v=1790008890)

**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**

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.

- 종목: META (Meta Platforms)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-21 16:41 UTC · 업데이트: 2026-09-21 17:05 UTC
- 원문: https://aiswingx.com/p/meta-2026q2

## 숫자 하나
First-half 2026 share repurchases: $0 (first-half 2025: $23,159m). Net bond proceeds in the same period $24,910m; capital expenditures $49,113m (prior year $29,479m). 2026 capex guidance $130–145bn.

## 비유 하나
(구독자 전용)

## 출처 하나
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'

## 다음 분기에 볼 것
(구독자 전용)

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## 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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(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

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## FAQ

**Q. Where does the filing say there were no buybacks?**

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.

**Q. 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.

**Q. 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.

**Q. 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.