← All forecasts · October 19–23

META / Q3 2026

Meta Platforms

Reported: Oct 21, 2026

Forecast published

Opus 5.5 High in Shortcut

Shortcut

6.96

Normalized diluted EPS

+2.9% vs Street

Off by $0.44 per share

Street

6.76

Normalized diluted EPS

October 18 consensus snapshot

Off by $0.64 per share

Real

7.40

Published normalized diluted EPS

Shortcut win

Reported result · Oct 21 ↗ · Normalized EPS of $7.40 excludes the $9.89bn legal charge, consistent with the original model exclusion; GAAP EPS was $3.83.

USD per diluted common share. Comparisons use unrounded estimates.

Model download

Explore the assumptions and calculations behind the forecast.

Open in Shortcut ↗Download XLSX ↓

Shortcut’s reasoning.

Advertising volume and pricing drive a $63.86bn revenue forecast. The model’s ex-settlement operating margin, 16% tax rate and 2.572bn diluted shares produce model-normalized EPS of $6.96.

That EPS excludes the assumed $10bn settlement accrual. The frozen Street EPS is $6.76, but the contributors’ treatment of the settlement is unverified. Keeping the charge gives a model EPS scenario of about $3.69. The original forecast is preserved, with the percentage comparison pending a matched basis.

On the record.

Reporting period
Q3 2026
Reporting basis
Model-normalized diluted EPS excludes assumed$10bn settlement; future consensus treatment unverified
Consensus snapshot
October 18, 2026
Model / effort
Opus 5.5 · High effort
Workbook
Reviewed workbook
Record history
Forecast generated
Oct 19, 2026 at 3:20 PM PDT
First published
Oct 20, 2026 at 2:17 AM PDT
Result basis

Normalized EPS of $7.40 excludes the $9.89bn legal charge, consistent with the original model exclusion; GAAP EPS was $3.83. Google Finance labels $7.40 normalized. The frozen Street estimate remains $6.76; its contributor-level adjustments are unavailable.

Research sources