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Netflix (NFLX) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Communication Services · Movies & Entertainment · DATA UPDATED 2026-07-02

Netflix (NFLX) operates in the Movies & Entertainment industry and is headquartered in Los Gatos, United States with about 16,000 employees. Its market capitalization is roughly $292 billion. In the fiscal year ended 2025-12-31, NFLX reported $45.2B in revenue and $11.0B in net income.

Netflix, Inc. provides entertainment services worldwide. The company offers television (TV) series, documentaries, feature films, games, and live programming across various genres and languages.

Interactive charts & full statements → Open the NFLX valuation workbench →

NFLX Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$46.9B	$45.2B	$39.0B	$33.7B	$31.6B	$29.7B	$25.0B	$20.2B	$15.8B	$11.7B	$8.8B	$6.8B	$5.5B	$4.4B	$3.6B	$3.2B	$2.2B	$1.7B	$1.4B	$1.2B	$997M
Gross Profit	$23.0B	$21.9B	$18.0B	$14.0B	$12.4B	$12.4B	$9.7B	$7.7B	$5.8B	$4.0B	$2.8B	$2.2B	$1.8B	$1.3B	$983M	$1.2B	$805M	$591M	$454M	$419M	$370M
Gross Margin %	49.0%	48.5%	46.1%	41.5%	39.4%	41.6%	38.9%	38.3%	36.9%	34.5%	31.7%	32.3%	31.8%	29.5%	27.3%	36.3%	37.2%	35.4%	33.3%	34.8%	37.1%
Operating Income (EBIT)	$13.9B	$13.3B	$10.4B	$7.0B	$5.6B	$6.2B	$4.6B	$2.6B	$1.6B	$839M	$380M	$306M	$403M	$228M	$50M	$376M	$284M	$192M	$122M	$91M	$64M
Operating Margin %	29.7%	29.5%	26.7%	20.6%	17.8%	20.9%	18.3%	12.9%	10.2%	7.2%	4.3%	4.5%	7.3%	5.2%	1.4%	11.7%	13.1%	11.5%	8.9%	7.6%	6.5%
Net Income	$13.4B	$11.0B	$8.7B	$5.4B	$4.5B	$5.1B	$2.8B	$1.9B	$1.2B	$559M	$187M	$123M	$267M	$112M	$17M	$226M	$161M	$116M	$83M	$67M	$49M
Net Margin %	28.5%	24.3%	22.3%	16.0%	14.2%	17.2%	11.1%	9.3%	7.7%	4.8%	2.1%	1.8%	4.9%	2.6%	0.5%	7.1%	7.4%	6.9%	6.1%	5.5%	4.9%
EBITDA	$34.1B	$30.3B	$24.9B	$21.5B	$20.3B	$19.0B	$15.5B	$12.0B	$9.3B	$7.1B	$5.3B	$3.9B	$3.2B	$2.4B	$1.8B	$1.2B	$626M	$237M	$376M	$316M	$222M
Earnings Per Share (EPS)	$3.10	$2.53	$1.98	$1.20	$0.99	$1.13	$0.61	$0.42	$0.27	$0.13	$0.05	$0.04	$0.05	$0.07	$0.05	$0.07	$0.04	$0.04	$0.06	$0.11	$0.11
Shares Outstanding (M)	4,298M	4,317M	4,393M	4,495M	4,513M	4,554M	4,542M	4,518M	4,512M	4,468M	4,387M	4,365M	4,319M	4,253M	4,123M	3,806M	3,801M	4,089M	4,399M	4,823M	4,835M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NFLX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$12.2B	$12.1B	$11.5B	$11.1B	$10.5B	$10.2B	$9.8B	$9.6B
Gross Profit	$6.4B	$5.5B	$5.3B	$5.8B	$5.3B	$4.5B	$4.7B	$4.4B
Gross Margin %	51.9%	45.9%	46.5%	51.9%	50.1%	43.7%	47.9%	45.9%
Operating Income (EBIT)	$4.0B	$3.0B	$3.2B	$3.8B	$3.3B	$2.3B	$2.9B	$2.6B
Operating Margin %	32.3%	24.5%	28.2%	34.1%	31.8%	22.2%	29.6%	27.2%
Net Income	$5.3B	$2.4B	$2.5B	$3.1B	$2.9B	$1.9B	$2.4B	$2.1B
Net Margin %	43.1%	20.1%	22.1%	28.2%	27.4%	18.2%	24.1%	22.5%
EBITDA	$11.1B	$7.9B	$7.4B	$7.7B	$7.3B	$6.2B	$6.7B	$6.5B
Earnings Per Share (EPS)	$1.23	$0.56	$0.59	$0.72	$0.66	$0.43	$0.54	$0.49
Shares Outstanding (M)	4,298M	4,317M	4,353M	4,359M	4,370M	4,378M	4,379M	4,397M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NFLX Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$12.7B	$10.1B	$7.4B	$7.3B	$2.0B	$393M	$2.4B	($2.9B)	($2.7B)	($1.8B)	($1.5B)	($749M)	$16M	$98M	$23M	$318M	$276M	$325M	$284M	$292M	$248M
Capital Expenditures (CapEx)	$756M	$688M	$440M	$349M	$408M	$525M	$498M	$253M	$213M	$227M	$185M	$169M	$145M	$120M	$90M	$135M	$34M	$239M	$208M	$45M	$197M
Free Cash Flow (FCF)	$11.9B	$9.5B	$6.9B	$6.9B	$1.6B	($132M)	$1.9B	($3.1B)	($2.9B)	($2.0B)	($1.7B)	($919M)	($128M)	($22M)	($67M)	$183M	$242M	$86M	$76M	$247M	$50M
FCF Margin %	25.4%	20.9%	17.8%	20.5%	5.1%	-0.4%	7.7%	-15.6%	-18.3%	-17.2%	-18.8%	-13.6%	-2.3%	-0.5%	-1.9%	5.7%	11.2%	5.1%	5.6%	20.5%	5.1%
Dividends Paid	—	—	—	—	—	—	—	—	—	$0M	$0M	$0M	$0M	$0M	$0M	$198M	$0M	$213M	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NFLX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$5.3B	$2.1B	$2.8B	$2.4B	$2.8B	$1.5B	$2.3B	$1.3B
Capital Expenditures (CapEx)	$196M	$239M	$165M	$156M	$128M	$159M	$127M	$78M
Free Cash Flow (FCF)	$5.1B	$1.9B	$2.7B	$2.3B	$2.7B	$1.4B	$2.2B	$1.2B
FCF Margin %	41.6%	15.5%	23.1%	20.5%	25.2%	13.5%	22.3%	12.7%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

NFLX Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$61.0B	$55.6B	$53.6B	$48.7B	$48.6B	$44.6B	$39.3B	$34.0B	$26.0B	$19.0B	$13.6B	$10.2B	$7.1B	$5.4B	$4.0B	$3.1B	$982M	$680M	$618M	$683M	$609M
Cash & Cash Equivalents	$11.6B	$9.0B	$7.8B	$7.1B	$5.1B	$6.0B	$8.2B	$5.0B	$3.8B	$2.8B	$1.5B	$1.8B	$1.1B	$605M	$290M	$508M	$194M	$134M	$140M	$177M	$400M
Total Liabilities	$29.9B	$29.0B	$28.9B	$28.1B	$27.8B	$28.7B	$28.2B	$26.4B	$20.7B	$15.4B	$10.9B	$8.0B	$5.2B	$4.1B	$3.2B	$2.4B	$692M	$481M	$271M	$254M	$195M
Total Debt (Short + Long-Term)	$14.8B	$14.5B	$15.6B	$14.9B	$14.4B	$15.4B	$16.3B	$15.6B	$10.8B	$6.8B	$3.6B	$2.5B	$970M	$584M	$465M	$202M	$236M	$238M	$39M	$1M	$0M
Total Shareholders' Equity	$31.1B	$26.6B	$24.7B	$20.6B	$20.8B	$15.8B	$11.1B	$7.6B	$5.2B	$3.6B	$2.7B	$2.2B	$1.9B	$1.3B	$745M	$648M	$290M	$199M	$347M	$430M	$414M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive NFLX viewer.

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