Netflix reported third-quarter 2026 revenue of $12.9 billion, up 12% year over year, and diluted EPS of $0.87 versus $0.59 a year earlier. The company cut its 2026 ad revenue forecast to about $2.7 billion from about $3 billion and lowered its 2026 free cash flow forecast to about $12.0 billion from $12.5 billion, which may matter to shareholders weighing the outlook.
Q3 2026 revenue was $12.9 billion, up 12% year over year (11% on a F/X neutral basis); operating margin was 34.6% versus 28.2% in Q3 2025.
2026 revenue forecast is $51.1 billion, about 0.2% below the mid-point of the prior forecast range, with an operating margin forecast of 31.5%.
2026 ad revenue is now expected at about $2.7 billion versus about $3 billion previously; 2026 free cash flow is now expected at about $12.0 billion versus $12.5 billion previously.
Q3 share repurchases totaled $4.8 billion, and $22.3 billion of authorization capacity remained at quarter end.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
From Netflix's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$45.18B
+15.9%
$2.53
+27.8%
24.3%
FY2024
$39.00B
+15.6%
$1.98
+65.0%
22.3%
FY2023
$33.72B
+6.7%
$1.20
-87.9%
16.0%
FY2022
$31.62B
+6.5%
$9.95
-11.5%
14.2%
FY2021
$29.70B
+18.8%
$11.24
+84.9%
17.2%
Frequently asked questions
When is Netflix's next earnings date?
Netflix has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Netflix earn last quarter?
For the quarter ended Sep 2026, Netflix reported diluted EPS of $0.87 (+47.5% year over year) on revenue of $12.87B (+11.8%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.