Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Netflix Inc. Revenue & Financial Statements
Netflix Inc. reported revenue of $45.2B for the fiscal year ended December 31, 2025, up 15.9% year over year, with net income of $11.0B and diluted EPS of $2.53.
- Company
- Netflix Inc. NFLX · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 29.7B | 31.6B | 33.7B | 39.0B | 45.2B |
| Cost of revenue | 17.3B | 19.2B | 19.7B | 21.0B | 23.3B |
| Gross profit | 12.4B | 12.4B | 14.0B | 18.0B | 21.9B |
| Operating income | 6.2B | 5.6B | 7.0B | 10.4B | 13.3B |
| Pretax income | 5.4B | 4.7B | 5.6B | 9.1B | 524.3M |
| Net income | 5.1B | 4.5B | 5.4B | 8.7B | 11.0B |
| Diluted EPS | 11.24 | 9.95 | 12.03 | 19.83 | 2.53 |
| EBITDA | 6.4B | 6.0B | 7.3B | 10.7B | 13.7B |
Quarterly
| USD | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.6B | 9.8B | 10.2B | 10.5B | 11.1B | 11.5B | 12.1B | 12.2B |
| Cost of revenue | 5.2B | 5.1B | 5.8B | 5.3B | 5.3B | 6.2B | 6.5B | 5.9B |
| Gross profit | 4.4B | 4.7B | 4.5B | 5.3B | 5.8B | 5.3B | 5.5B | 6.4B |
| Operating income | 2.6B | 2.9B | 2.3B | 3.3B | 3.8B | 3.2B | 3.0B | 4.0B |
| Pretax income | 2.5B | 2.7B | 2.1B | 3.2B | 3.6B | 3.1B | 2.8B | 6.5B |
| Net income | 2.1B | 2.4B | 1.9B | 2.9B | 3.1B | 2.5B | 2.4B | 5.3B |
| Diluted EPS | 4.88 | 5.40 | 4.27 | 6.61 | 7.19 | 5.87 | -17.14 | 1.23 |
| EBITDA | 2.7B | 3.0B | 2.4B | 3.4B | 3.9B | 3.3B | 3.0B | 4.1B |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 44.6B | 48.6B | 48.7B | 53.6B | 55.6B |
| Current assets | 8.1B | 9.3B | 9.9B | 13.1B | 13.0B |
| Cash & equivalents | 6.0B | 5.1B | 7.1B | 7.8B | 9.0B |
| Total liabilities | 28.7B | 27.8B | 28.1B | 28.9B | 29.0B |
| Current liabilities | 8.5B | 7.9B | 8.9B | 10.8B | 11.0B |
| Long-term debt | 14.7B | 14.4B | 14.1B | 13.8B | 13.5B |
| Total debt | 15.4B | 14.4B | 14.5B | 15.6B | 14.5B |
| Stockholders’ equity | 15.8B | 20.8B | 20.6B | 24.7B | 26.6B |
| Net debt | 9.4B | 9.2B | 7.4B | 7.8B | 5.4B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 392.6M | 2.0B | 7.3B | 7.4B | 10.1B |
| Investing cash flow | (1.3B) | (2.1B) | 541.8M | (2.2B) | 1.0B |
| Financing cash flow | (1.1B) | (664.3M) | (6.0B) | (4.1B) | (10.3B) |
| Capital expenditure | 524.6M | 407.7M | 348.6M | 439.5M | 688.2M |
| Free cash flow | (132.0M) | 1.6B | 6.9B | 6.9B | 9.5B |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 403.2M | 575.5M | 339.4M | 272.6M | 368.4M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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