Netflix (NFLX)

Nasdaq Communication Services Movies & Entertainment S&P 500Nasdaq-100

$63.41

-2.15 (-3.28%)

Close of Nov 06, 2026 · end-of-day data

Source: Netflix's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$8.83B	$11.69B	$15.79B	$20.16B	$25.00B	$29.70B	$31.62B	$33.72B	$39.00B	$45.18B
Cost of revenue	$6.26B	$8.03B	$9.97B	$12.44B	$15.28B	$17.33B	$19.17B	$19.72B	$21.04B	$23.28B
Gross profit	$2.57B	$3.66B	$5.83B	$7.72B	$9.72B	$12.37B	$12.45B	$14.01B	$17.96B	$21.91B
Research & development	$768.00M	$981.00M	$1.22B	$1.67B	$1.83B	$2.27B	$2.71B	$2.68B	$2.93B	$3.39B
Operating income	$379.79M	$838.68M	$1.61B	$2.60B	$4.59B	$6.19B	$5.63B	$6.95B	$10.42B	$13.33B
Interest expense	$150.11M	$238.20M	$420.49M	$626.02M	$767.50M	$765.62M	$706.21M	$699.83M	$718.73M	$776.51M
Pre-tax income	$260.51M	$485.32M	$1.23B	$2.06B	$3.20B	$5.84B	$5.26B	$6.21B	$9.97B	$12.72B
Income tax	$73.83M	-$73.61M	$15.22M	$195.31M	$437.95M	$723.88M	$772.00M	$797.41M	$1.25B	$1.74B
Net income	$186.68M	$558.93M	$1.21B	$1.87B	$2.76B	$5.12B	$4.49B	$5.41B	$8.71B	$10.98B
EBITDA	$437.32M	$910.59M	$1.69B	$2.71B	$4.70B	$6.40B	$5.97B	$7.31B	$10.75B	$13.66B
EPS (basic)	$0.44	$1.29	$2.78	$4.26	$6.26	$11.55	$10.10	$1.22	$2.03	$2.58
EPS (diluted)	$0.43	$1.25	$2.68	$4.13	$6.08	$11.24	$9.95	$1.20	$1.98	$2.53
Diluted shares	438.65M	446.81M	451.24M	451.76M	454.21M	455.37M	451.29M	4.49B	4.39B	4.34B
Gross margin	29.1%	31.3%	36.9%	38.3%	38.9%	41.6%	39.4%	41.5%	46.1%	48.5%
Operating margin	4.3%	7.2%	10.2%	12.9%	18.3%	20.9%	17.8%	20.6%	26.7%	29.5%
Net margin	2.1%	4.8%	7.7%	9.3%	11.0%	17.2%	14.2%	16.0%	22.3%	24.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$1.47B	$2.82B	$3.79B	$5.02B	$8.21B	$6.03B	$5.15B	$7.12B	$7.80B	$9.03B
Short-term investments	—	—	—	—	—	$0	$911.28M	$20.97M	$1.78B	$28.68M
Total current assets	$5.72B	$7.67B	$9.69B	$6.18B	$9.76B	$8.07B	$9.27B	$9.92B	$13.10B	$13.02B
Total assets	$13.59B	$19.01B	$25.97B	$33.98B	$39.28B	$44.58B	$48.59B	$48.73B	$53.63B	$55.60B
Total current liabilities	$4.59B	$5.47B	$6.49B	$6.86B	$7.81B	$8.49B	$7.93B	$8.86B	$10.76B	$10.98B
Short-term debt	—	—	—	$0	$499.88M	$699.82M	$0	$399.84M	$1.78B	$998.87M
Long-term debt	$3.36B	$6.50B	$10.36B	$14.76B	$15.81B	$14.69B	$14.35B	$14.14B	$13.80B	$13.46B
Total debt	$3.36B	$6.50B	$10.36B	$14.76B	$16.31B	$15.39B	$14.35B	$14.54B	$15.58B	$14.46B
Total liabilities	$10.91B	$15.43B	$20.74B	$26.39B	$28.22B	$28.74B	$27.82B	$28.14B	$28.89B	$28.98B
Shareholders' equity	$2.68B	$3.58B	$5.24B	$7.58B	$11.07B	$15.85B	$20.78B	$20.59B	$24.74B	$26.62B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-$1.47B	-$1.79B	-$2.68B	-$2.89B	$2.43B	$392.61M	$2.03B	$7.27B	$7.36B	$10.15B
Capital expenditures	$107.65M	$173.30M	$173.95M	$253.03M	$497.92M	$524.59M	$407.73M	$348.55M	$439.54M	$688.22M
Free cash flow	-$1.58B	-$1.96B	-$2.85B	-$3.14B	$1.93B	-$131.97M	$1.62B	$6.93B	$6.92B	$9.46B
Investing cash flow	$49.77M	$34.33M	-$339.12M	-$387.06M	-$505.35M	-$1.34B	-$2.08B	$541.75M	-$2.18B	$1.04B
Financing cash flow	$1.09B	$3.08B	$4.05B	$4.51B	$1.24B	-$1.15B	-$664.25M	-$5.95B	-$4.07B	-$10.35B
Share buybacks	—	—	—	$0	$0	$600.02M	$0	$6.05B	$6.26B	$9.13B
Stock-based compensation	$173.68M	$182.21M	$320.66M	$405.38M	$415.18M	$403.22M	$575.45M	$339.37M	$272.59M	$368.45M
Depreciation & amortization	$57.53M	$71.91M	$83.16M	$103.58M	$115.71M	$208.41M	$336.68M	$356.95M	$328.91M	$333.39M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$8.83B	$9.37B	$9.56B	$9.82B	$10.25B	$10.54B	$11.08B	$11.51B	$12.05B	$12.25B	$12.56B	$12.87B
Cost of revenue	$5.31B	$4.98B	$5.17B	$5.12B	$5.77B	$5.26B	$5.33B	$6.16B	$6.52B	$5.89B	$6.04B	$6.08B
Gross profit	$3.53B	$4.39B	$4.39B	$4.70B	$4.48B	$5.28B	$5.75B	$5.35B	$5.53B	$6.36B	$6.52B	$6.80B
Research & development	$673.34M	$702.47M	$711.25M	$735.06M	$776.50M	$822.82M	$824.68M	$853.58M	$890.30M	$959.70M	$1.01B	$1.03B
Operating income	$1.50B	$2.63B	$2.60B	$2.91B	$2.27B	$3.35B	$3.77B	$3.25B	$2.96B	$3.96B	$4.19B	$4.46B
Interest expense	$175.21M	$173.31M	$167.99M	$184.83M	$192.60M	$184.17M	$182.65M	$175.29M	$234.40M	$262.08M	$175.69M	$184.70M
Pre-tax income	$1.15B	$2.61B	$2.51B	$2.70B	$2.13B	$3.21B	$3.63B	$3.11B	$2.77B	$6.55B	$4.07B	$4.32B
Income tax	$210.31M	$282.37M	$366.55M	$339.44M	$265.66M	$323.38M	$506.26M	$562.49M	$349.22M	$1.26B	$667.17M	$652.98M
Net income	$937.84M	$2.33B	$2.15B	$2.36B	$1.87B	$2.89B	$3.13B	$2.55B	$2.42B	$5.28B	$3.40B	$3.66B
EBITDA	$1.58B	$2.72B	$2.68B	$2.99B	$2.35B	$3.43B	$3.85B	$3.34B	$3.04B	$4.06B	$4.29B	$4.57B
EPS (basic)	$-8.86	$5.40	$4.99	$5.52	$-13.88	$0.68	$0.74	$0.60	$0.57	$1.25	$0.81	$0.89
EPS (diluted)	$-8.70	$5.28	$4.88	$5.40	$-13.58	$0.66	$0.72	$0.59	$0.56	$1.23	$0.80	$0.87
Diluted shares	4.04B	441.65M	439.74M	437.90M	3.95B	4.37B	4.35B	4.34B	-8.98M	4.30B	4.26B	4.20B
Gross margin	39.9%	46.9%	45.9%	47.9%	43.7%	50.1%	51.9%	46.4%	45.9%	51.9%	51.9%	52.8%
Operating margin	16.9%	28.1%	27.2%	29.6%	22.2%	31.7%	34.1%	28.2%	24.5%	32.3%	33.4%	34.6%
Net margin	10.6%	24.9%	22.5%	24.1%	18.2%	27.4%	28.2%	22.1%	20.1%	43.1%	27.1%	28.5%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$7.12B	$7.02B	$6.62B	$7.46B	$7.80B	$7.20B	$8.18B	$9.29B	$9.03B	$12.26B	$9.10B	$8.19B
Short-term investments	$20.97M	$20.97M	$30.97M	$1.77B	$1.78B	$1.17B	$213.12M	$37.10M	$28.68M	$28.68M	$28.68M	$28.68M
Total current assets	$9.92B	$9.92B	$9.62B	$12.13B	$13.10B	$11.70B	$11.99B	$12.96B	$13.02B	$17.07B	$13.85B	$13.22B
Total assets	$48.73B	$48.83B	$49.10B	$52.28B	$53.63B	$52.09B	$53.10B	$54.93B	$55.60B	$61.02B	$58.45B	$58.68B
Total current liabilities	$8.86B	$9.29B	$10.14B	$10.71B	$10.76B	$9.72B	$8.94B	$9.73B	$10.98B	$12.13B	$12.13B	$12.30B
Short-term debt	$399.84M	$798.94M	$1.80B	$1.82B	$1.78B	$1.01B	$0	$0	$998.87M	$999.18M	$2.48B	$2.47B
Long-term debt	$14.14B	$13.22B	$12.18B	$14.16B	$13.80B	$14.01B	$14.45B	$14.46B	$13.46B	$13.36B	$11.83B	$12.66B
Total debt	$14.54B	$14.02B	$13.98B	$15.98B	$15.58B	$15.02B	$14.45B	$14.46B	$14.46B	$14.36B	$14.31B	$15.13B
Total liabilities	$28.14B	$27.46B	$26.99B	$29.56B	$28.89B	$28.06B	$28.15B	$28.98B	$28.98B	$29.89B	$28.30B	$29.40B
Shareholders' equity	$20.59B	$21.37B	$22.11B	$22.72B	$24.74B	$24.03B	$24.95B	$25.95B	$26.62B	$31.13B	$30.15B	$29.29B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$1.66B	$2.21B	$1.29B	$2.32B	$1.54B	$2.79B	$2.42B	$2.83B	$2.11B	$5.29B	$1.74B	$3.16B
Capital expenditures	$81.63M	$75.71M	$78.29M	$126.86M	$158.67M	$128.28M	$155.89M	$164.72M	$239.34M	$196.13M	$218.64M	$278.77M
Free cash flow	$1.58B	$2.14B	$1.21B	$2.19B	$1.38B	$2.66B	$2.27B	$2.66B	$1.87B	$5.09B	$1.53B	$2.88B
Investing cash flow	$411.60M	-$75.71M	-$78.29M	-$1.87B	-$158.67M	$485.66M	$768.68M	$43.87M	-$256.53M	-$781.87M	-$218.64M	-$331.31M
Financing cash flow	-$2.45B	-$2.13B	-$1.49B	$226.60M	-$678.70M	-$4.03B	-$2.50B	-$1.74B	-$2.08B	-$1.23B	-$4.67B	-$3.75B
Share buybacks	$2.50B	$2.00B	$1.60B	$1.70B	$963.75M	$3.54B	$1.65B	$1.86B	$2.08B	$1.27B	$4.71B	$4.80B
Stock-based compensation	$82.52M	$76.34M	$68.77M	$65.65M	$61.83M	$71.98M	$80.86M	$80.99M	$134.62M	$140.41M	$131.31M	$133.72M
Depreciation & amortization	$86.57M	$87.23M	$81.23M	$80.91M	$79.54M	$80.07M	$80.01M	$87.33M	$85.98M	$98.58M	$100.53M	$107.10M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.