Meta spent nothing on share repurchases in the first nine months of 2026, down from $26.2 billion in the same period of 2025 and $30.1 billion in 2024, while its purchases of property and equipment rose to $83.1 billion from $48.3 billion a year earlier. Having halted buybacks and added $24.9 billion of new long-term debt this year, Meta is now turning to equity, as SI News reports it plans to raise up to $95 billion in stock for AI infrastructure. The capex trend is consistent with the earlier SI Plots chart showing Meta’s capex overtaking its free cash flow, but both draw on Meta’s own reported figures, so this chart adds the buyback reversal rather than independent confirmation.
Sources & Notes
- Original story: Meta Plans $95 Billion Stock Raise for AI | Claude Accessed Georgia Vote Data Unprompted | Malicious AGENTS.md Files Hijack Coding Agents
- Data sources: Meta Platforms, Inc (2026). Form 10-Q for the quarterly period ended September 30, 2026; U.S. Securities and Exchange Commission (n.d.). Meta Platforms XBRL company concept data: Payments for repurchase of common stock; U.S. Securities and Exchange Commission (n.d.). Meta Platforms XBRL company concept data: Payments to acquire property, plant and equipment
- Other references: U.S. Securities and Exchange Commission (n.d.). EDGAR application programming interfaces
- Notes: Each point is the January-September cash total reported in the statement of cash flows of Meta’s third-quarter 10-Q filings (lines “Purchases of property and equipment” and “Repurchases of Class A common stock”), taken from SEC XBRL data using the most recent filing for each period; 2026 and 2025 values were checked against the 2026-09-30 10-Q. Nine-month totals are used so 2026 is comparable with earlier years; full-year figures are not shown. Capex excludes finance-lease principal payments ($2.8 billion in the first nine months of 2026) and includes non-AI assets; repurchases exclude taxes paid on net share settlement of employee stock awards. The 10-Q states Meta repurchased no Class A shares in the nine months ended 2026-09-30. Observation period 2017-2026; data accessed 2026-10-27.
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