Netflix, Inc. (NFLX)

NFLX Income Statement

Revenue, expenses, and profitability analysis

NFLX Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	22.990B	6.362B	5.528B	5.346B	5.754B	5.280B	4.479B	4.705B	4.385B
Revenue	46.890B	12.250B	12.051B	11.510B	11.079B	10.543B	10.247B	9.825B	9.559B
Cost of Goods Sold	23.900B	5.888B	6.523B	6.164B	5.325B	5.263B	5.767B	5.120B	5.174B
Gross Profit Margin	51.9%	51.9%	45.9%	46.4%	51.9%	50.1%	43.7%	47.9%	45.9%
Total Operating Expenses	9.053B	2.405B	2.571B	2.098B	1.979B	1.933B	2.206B	1.795B	1.782B
Research & Development	3.528B	959.696M	890.300M	853.584M	824.683M	822.823M	776.505M	735.063M	711.254M
Selling, General & Administrative	5.525B	1.445B	1.681B	1.244B	1.154B	1.110B	1.430B	1.060B	1.071B
Operating Income (EBIT)	13.937B	3.957B	2.957B	3.248B	3.775B	3.347B	2.273B	2.909B	2.603B
Operating Margin	32.3%	32.3%	24.5%	28.2%	34.1%	31.7%	22.2%	29.6%	27.2%
Income Before Tax (EBT)	16.056B	6.547B	2.768B	3.109B	3.632B	3.214B	2.134B	2.703B	2.514B
Interest Income	2.974B	2.852B	45.473M	36.457M	39.630M	50.899M	54.105M	—	79.005M
Interest Expense	854.415M	262.077M	234.395M	175.294M	182.649M	184.172M	192.603M	206.523M	167.986M
Other Income/Expense	2.119B	2.590B	-188.922M	-138.837M	-143.019M	-133.273M	-138.498M	-206.523M	-88.981M
Net Income	13.374B	5.283B	2.419B	2.547B	3.125B	2.890B	1.869B	2.364B	2.147B
Income Tax Expense	2.682B	1.264B	349.220M	562.494M	506.262M	323.375M	265.661M	339.445M	366.550M
Net Profit Margin	43.1%	43.1%	20.1%	22.1%	28.2%	27.4%	18.2%	24.1%	22.5%
EBITDA	34.079B	11.126B	7.852B	7.375B	7.726B	7.301B	6.568B	6.690B	6.533B
EBITDA Margin	90.8%	90.8%	65.2%	64.1%	69.7%	69.3%	64.1%	68.1%	68.3%
Depreciation & Amortization	17.169B	4.316B	4.850B	4.090B	3.912B	3.903B	4.241B	3.780B	3.851B
EPS Basic	3.16	1.25	0.57	0.60	0.74	0.68	0.44	0.55	0.50
EPS Diluted	3.10	1.23	0.56	0.59	0.72	0.66	0.43	0.54	0.49
Shares Outstanding	4.223B	4.223B	4.229B	4.245B	4.252B	4.273B	4.277B	4.282B	4.301B
Diluted Shares Outstanding	4.298B	4.298B	4.317B	4.340B	4.349B	4.370B	4.378B	4.379B	4.397B

NFLX Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	21.908B	17.963B	14.008B	12.447B	12.365B	9.720B	7.716B	5.827B
Revenue	45.183B	39.001B	33.723B	31.616B	29.698B	24.996B	20.156B	15.794B
Cost of Goods Sold	23.275B	21.038B	19.715B	19.168B	17.333B	15.276B	12.440B	9.968B
Gross Profit Margin	48.5%	46.1%	41.5%	39.4%	41.6%	38.9%	38.3%	36.9%
Total Operating Expenses	8.581B	7.545B	7.054B	6.814B	6.171B	5.134B	5.112B	4.222B
Research & Development	3.391B	2.925B	2.676B	2.711B	2.274B	1.830B	1.545B	1.222B
Selling, General & Administrative	5.190B	4.620B	4.378B	4.103B	3.897B	3.305B	3.567B	3.000B
Operating Income (EBIT)	13.327B	10.418B	6.954B	5.633B	6.195B	4.585B	2.604B	1.605B
Operating Margin	29.5%	26.7%	20.6%	17.8%	20.9%	18.3%	12.9%	10.2%
Income Before Tax (EBT)	12.723B	9.966B	6.205B	5.264B	5.840B	3.199B	2.062B	1.226B
Interest Income	172.459M	266.776M	—	337.310M	411.214M	—	84.000M	41.725M
Interest Expense	776.510M	718.733M	748.598M	706.212M	765.620M	1.386B	626.023M	420.493M
Other Income/Expense	-604.051M	-451.957M	-748.598M	-368.902M	-354.406M	-1.386B	-542.023M	-378.768M
Net Income	10.981B	8.712B	5.408B	4.492B	5.116B	2.761B	1.867B	1.211B
Income Tax Expense	1.741B	1.254B	797.415M	772.005M	723.875M	437.954M	195.315M	15.216M
Net Profit Margin	24.3%	22.3%	16.0%	14.2%	17.2%	11.0%	9.3%	7.7%
EBITDA	30.255B	26.315B	21.508B	20.333B	19.045B	15.508B	12.008B	9.262B
EBITDA Margin	67.0%	67.5%	63.8%	64.3%	64.1%	62.0%	59.6%	58.6%
Depreciation & Amortization	16.756B	15.630B	14.554B	14.363B	12.439B	10.923B	9.320B	7.615B
EPS Basic	2.58	2.03	1.23	1.01	1.16	0.63	0.43	0.28
EPS Diluted	2.53	1.98	1.20	1.00	1.12	0.61	0.41	0.27
Shares Outstanding	4.229B	4.295B	4.416B	4.447B	4.432B	4.409B	4.378B	4.354B
Diluted Shares Outstanding	4.317B	4.393B	4.495B	4.513B	4.554B	4.542B	4.518B	4.512B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Netflix, Inc.

Netflix, Inc. serves as a worldwide entertainment provider. Its comprehensive library features television series, motion pictures, documentaries, and mobile games, spanning numerous genres and languages. Members can effortlessly stream this content through a variety of internet-connected devices, including smart TVs, digital media players, cable boxes, and mobile phones. Furthermore, the company continues to offer a DVD-by-mail subscription service to its customers in the United States. With roughly 222 million paying subscribers distributed across 190 countries, Netflix was founded in 1997 and is headquartered in Los Gatos, California.

Los Gatos, CA

14,000 employees

www.netflix.com

Communication Services / Entertainment

Sector: Communication Services
Industry: Entertainment
CEO: Theodore A. Sarandos

View full financials