Meta Financial and User Metrics Update

Effective Tax Rate In Millions, Except for Percentages Q4'19 Q1'20 Q2'20 Q3'20(1) Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Income before provision $9,169 $ 5,861 $ 6,131 $ 8,133 $ 13,055 $ 11,503 $ 12,513 $ 10,565 $ 12,702 for income taxes Provision for income taxes 1,820 959 953 287 1,836 2,006 2,119 1,371 2,417 Effective Tax Rate 20% 16% 16% 4% 14% 17% 17% 13% 19% Meta (1) Reflects a one-time income tax benefit of $913 million related to the effects of a tax election to capitalize and amortize certain research and development expenses for U.S. income tax purposes. Excluding this tax benefit, our effective tax rate would have been 11 percentage points higher in Q3 2020. 6

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