Company research / NFLX

Netflix Inc (NFLX)

SEC name NETFLIX INC · CIK 0001065280 · Nasdaq · Services-Video Tape Rental

  • Sector Services
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Netflix Inc reported revenue of $45.18B. Revenue grew 15.9% from the prior annual period. Over the twelve months to 2026-09-30, revenue was $49.73B.

Key ratios (year ended 2025-12-31)

48.5%
Gross margin (computed)
29.5%
Operating margin
24.3%
Net margin
41.3%
Return on year-end equity
15.9%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 10-Q (quarterly report) · 2026-10-21

Headquarters locality: Los Gatos · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-09-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 7-for-1, first reflected in a filing dated 2015-07-17; 10-for-1, first reflected in a filing dated 2026-01-23. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-09-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$49.73B$45.18B$39.00B$33.72B$31.62B$29.70B$25.00B$20.16B$15.79B$11.69B$8.83B
Cost of Revenue$24.53B$23.28B$21.04B$19.72B$19.17B$17.33B$15.28B$12.44B$9.97B$8.03B$6.26B
Gross Profit (computed)$25.21B$21.91B$17.96B$14.01B$12.45B$12.37B$9.72B$7.72B$5.83B$3.66B$2.57B
R&D Expense$3.89B$3.39B$2.93B$2.68B$2.71B$2.27B$1.83B$1.67B$1.22B$981.00M$768.00M
Operating Income$15.56B$13.33B$10.42B$6.95B$5.63B$6.19B$4.59B$2.60B$1.61B$838.68M$379.79M
Depreciation & Amortization$392.19M$333.39M$328.91M$356.95M$336.68M$208.41M$115.71M$103.58M$83.16M$71.91M$57.53M
EBITDA$15.96B$13.66B$10.75B$7.31B$5.97B$6.40B$4.70B$2.71B$1.69B$910.59M$437.32M
Net Income$14.77B$10.98B$8.71B$5.41B$4.49B$5.12B$2.76B$1.87B$1.21B$558.93M$186.68M
EPS (Diluted)n/a$2.53$1.98$1.20$9.95$11.24$6.08$4.13$2.68$1.25$0.43
Total Assets$58.68B$55.60B$53.63B$48.73B$48.59B$44.58B$39.28B$33.98B$25.97B$19.01B$13.59B
Total Liabilities$29.40B$28.98B$28.89B$28.14B$27.82B$28.74B$28.22B$26.39B$20.74B$15.43B$10.91B
Long-Term Debtn/an/an/an/an/an/a$21.86B$20.72B$14.87B$9.05Bn/a
Shareholders' Equity$29.29B$26.62B$24.74B$20.59B$20.78B$15.85B$11.07B$7.58B$5.24B$3.58B$2.68B
Cash & Equivalents$8.19B$9.03B$7.80B$7.12B$5.15B$6.03B$8.21B$5.02B$3.79B$2.82B$1.47B
Operating Cash Flow$12.31B$10.15B$7.36B$7.27B$2.03B$392.61M$2.43B-$2.89B-$2.68B-$1.79B-$1.47B
Capital Expenditures$932.88M$688.22M$439.54M$348.55M$407.73M$524.59M$497.92M$253.03M$173.95M$173.30M$107.65M
Free Cash Flow$11.38B$9.46B$6.92B$6.93B$1.62B-$131.97M$1.93B-$3.14B-$2.85B-$1.96B-$1.58B
Share Repurchases$12.86B$9.13B$6.26B$6.05B$0$600.02M$0$0n/an/an/a
Shares Outstanding4.11B4.22B4.28B432.76M445.35M443.96M442.90M438.81M436.60M433.39M430.05M
Weighted Average Diluted Sharesn/a4.34B4.39B4.49B451.29M455.37M454.21M451.76M451.24M446.81M438.65M
EPS (Basic)n/a$2.58$2.03$1.22$10.10$11.55$6.26$4.26$2.78$1.29$0.44

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