Netflix, Inc. financials

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NFLX CIK 0001065280

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:12:22Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 9.46B 6.92B 6.93B 1.62B -131.97M 1.93B
EBITDA 13.66B 10.75B 7.31B 5.97B 6.40B 4.70B
Working Capital 2.04B 2.34B 1.06B 1.34B -419.14M 1.96B
Net Debt 7.94B 10.19B 9.86B 11.78B 12.09B 16.35B
Gross Margin 48.49% 46.06% 41.54% 39.37% 41.64% 9.92%
Operating Margin 29.49% 26.71% 20.62% 17.82% 20.86% 18.34%
Net Margin 24.30% 22.34% 16.04% 14.21% 17.23% 11.05%
Return on Equity (ROE) 41.26% 35.21% 26.27% 21.62% 32.28% 24.96%
Return on Assets (ROA) 19.75% 16.24% 11.10% 9.24% 11.48% 7.03%
Current Ratio 1.1857 1.218 1.1193 1.1684 0.9506 1.2506
Debt-to-Equity 0.6378 0.7273 0.8244 0.8149 1.1431 2.2195
Effective Tax Rate 13.69% 12.58% 12.85% 14.67% 12.39% 13.69%
Cash Conversion Ratio 0.9242 0.845 1.3451 0.4511 0.0767 0.8789
Accruals Ratio 0.015 0.0252 -0.0383 0.0507 0.1059 0.0085
SBC % of Revenue 0.82% 0.70% 1.01% 1.82% 1.36% 1.66%
CapEx Coverage 14.7471 16.748 20.8701 4.9696 0.7484 4.8744
Free Cash Flow Per Share $2.18 $1.58 $1.54 $3.59 $-0.29 $4.25

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 37.0593 45.0162 40.5733 29.6362 53.5979 88.9359
P/FCF 43.0487 56.563 31.5992 82.2217 — 127.3115
FCF Yield 2.32% 1.77% 3.16% 1.22% — 0.79%
EV / EBITDA 29.5617 355.7312 30.1682 23.9732 43.6598 54.4225
P/S 8.7615 97.7587 6.248 4.1538 9.0061 9.581
P/B 14.8737 154.0879 10.2341 6.3205 16.8753 21.6432

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 45.18B 39.00B 33.72B 31.62B 29.70B 25.00B
Cost of Revenue 23.28B 21.04B 19.72B 19.17B 17.33B 15.28B
Gross Profit — — — — — 2.48B
Research and Development Expense 3.39B 2.93B 2.68B 2.71B 2.27B 1.83B
Operating Income (Loss) 13.33B 10.42B 6.95B 5.63B 6.19B 4.59B
Income Tax Expense (Benefit) 1.74B 1.25B 797.41M 772.00M 723.88M 437.95M
Net Income (Loss) Attributable to Parent 10.98B 8.71B 5.41B 4.49B 5.12B 2.76B
Earnings Per Share, Basic $2.58 $2.03 $1.22 $10.10 $11.55 $6.26
Weighted Average Number of Shares Outstanding, Basic 4.25B 4.30B 4.42B 444.70M 443.15M 440.92M
Earnings Per Share, Diluted $2.53 $1.98 $1.20 $9.95 $11.24 $6.08
Weighted Average Number of Shares Outstanding, Diluted 4.34B 4.39B 4.49B 451.29M 455.37M 454.21M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 9.03B 7.80B 7.12B 5.15B 6.03B 8.21B
Assets, Current 13.02B 13.10B 9.92B 9.27B 8.07B 9.76B
Assets 55.60B 53.63B 48.73B 48.59B 44.58B 39.28B
Long-term Debt — — — — — 21.86B
Liabilities, Current 10.98B 10.76B 8.86B 7.93B 8.49B 7.81B
Long-term Debt, Excluding Current Maturities 13.46B 13.80B 14.14B 14.35B 14.69B 15.81B
Liabilities 28.98B 28.89B 28.14B 27.82B 28.74B 28.22B
Stockholders' Equity Attributable to Parent 26.62B 24.74B 20.59B 20.78B 15.85B 11.07B
Common Stock, Shares, Outstanding 4.22B 4.28B 432.76M 445.35M 443.96M 442.90M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 10.15B 7.36B 7.27B 2.03B 392.61M 2.43B
Payments to Acquire Property, Plant, and Equipment 688.22M 439.54M 348.55M 407.73M 524.59M 497.92M
Net Cash Provided by (Used in) Investing Activities 1.04B -2.18B 541.75M -2.08B -1.34B -505.35M
Payments for Repurchase of Common Stock 9.13B 6.26B 6.05B 0 600.02M 0
Net Cash Provided by (Used in) Financing Activities -10.35B -4.07B -5.95B -664.25M -1.15B 1.24B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

17 concepts 3 units
Unit US$ · 12 concepts
Label Value Period
Revenues 12.25B 2026-01-01 → 2026-03-31
Cost of Revenue 5.89B 2026-01-01 → 2026-03-31
Research and Development Expense 959.70M 2026-01-01 → 2026-03-31
Selling and Marketing Expense 842.22M 2026-01-01 → 2026-03-31
General and Administrative Expense 602.61M 2026-01-01 → 2026-03-31
Operating Income (Loss) 3.96B 2026-01-01 → 2026-03-31
Foreign Currency Transaction Gain (Loss), before Tax 10.11M 2026-01-01 → 2026-03-31
Nonoperating Income (Expense) 2.85B 2026-01-01 → 2026-03-31
InterestExpenseNonoperating 262.08M 2026-01-01 → 2026-03-31
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 6.55B 2026-01-01 → 2026-03-31
Income Tax Expense (Benefit) 1.26B 2026-01-01 → 2026-03-31
Net Income (Loss) Attributable to Parent 5.28B 2026-01-01 → 2026-03-31
Unit shares · 3 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 4.22B 2026-01-01 → 2026-03-31
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 5.21M 2026-01-01 → 2026-03-31
Weighted Average Number of Shares Outstanding, Diluted 4.30B 2026-01-01 → 2026-03-31
Unit US$ / share · 2 concepts
Label Value Period
Earnings Per Share, Basic $1.25 2026-01-01 → 2026-03-31
Earnings Per Share, Diluted $1.23 2026-01-01 → 2026-03-31

Comprehensive Income

13 concepts 1 unit
Unit US$ · 13 concepts
Label Value Period
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax -133.00M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent -52.88M 2026-01-01 → 2026-03-31
OCI, Debt Securities, Available-for-Sale, Gain (Loss), before Adjustment, after Tax 0 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax 296.15M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax -101.18M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent 397.33M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax and Reclassification Adjustment, Attributable to Parent 898.00K 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent 345.35M 2026-01-01 → 2026-03-31
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 5.63B 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Parent 8.00M 2026-01-01 → 2026-03-31
OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment, Tax 0 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax, Parent 120.00M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Reclassification Adjustment, Tax, Attributable to Parent 300.00K 2026-01-01 → 2026-03-31

Balance Sheet

37 concepts 3 units
Unit US$ · 32 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 12.26B as of 2026-03-31
Short-term Investments 28.68M as of 2026-03-31
Debt Securities, Available-for-sale 12.30B as of 2026-03-31
Derivative Asset 530.69M as of 2026-03-31
Prepaid Expense, Current 601.82M as of 2026-03-31
Other Assets, Current 4.78B as of 2026-03-31
Assets, Current 17.07B as of 2026-03-31
Operating Lease, Right-of-Use Asset 2.10B as of 2026-03-31
Property, Plant and Equipment, Gross 3.30B as of 2026-03-31
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 1.16B as of 2026-03-31
Property, Plant and Equipment, Net 2.15B as of 2026-03-31
Finite-Lived Intangible Assets, Net 33.38B as of 2026-03-31
Derivative Liability 466.23M as of 2026-03-31
Other Assets, Noncurrent 8.42B as of 2026-03-31
Operating Lease, Liability 2.38B as of 2026-03-31
Assets 61.02B as of 2026-03-31
Accounts Payable, Current 894.68M as of 2026-03-31
Accrued Liabilities, Current 4.44B as of 2026-03-31
Notes Payable 14.36B as of 2026-03-31
Contract with Customer, Liability, Current 1.74B as of 2026-03-31
Short-term Debt 999.18M as of 2026-03-31
Liabilities, Current 12.13B as of 2026-03-31
Long-term Debt, Excluding Current Maturities 13.36B as of 2026-03-31
Other Liabilities, Noncurrent 2.77B as of 2026-03-31
Operating Lease, Liability, Noncurrent 1.95B as of 2026-03-31
Liabilities 29.89B as of 2026-03-31
Common Stock, Value, Issued 7.48B as of 2026-03-31
Treasury Stock, Common, Value 23.68B as of 2026-03-31
Accumulated Other Comprehensive Income (Loss), Net of Tax -235.03M as of 2026-03-31
Retained Earnings (Accumulated Deficit) 47.56B as of 2026-03-31
Stockholders' Equity Attributable to Parent 31.13B as of 2026-03-31
Liabilities and Equity 61.02B as of 2026-03-31
Unit shares · 4 concepts
Label Value Period
Common Stock, Shares Authorized 49.90B as of 2026-03-31
Common Stock, Shares, Issued 4.21B as of 2026-03-31
Common Stock, Shares, Outstanding 4.21B as of 2026-03-31
Treasury Stock, Common, Shares 360.37M as of 2026-03-31
Unit US$ / share · 1 concept
Label Value Period
Common Stock, Par or Stated Value Per Share $0.00 as of 2026-03-31

Cash Flow Statement

23 concepts 1 unit
Unit US$ · 23 concepts
Label Value Period
Depreciation, Depletion and Amortization 98.58M 2026-01-01 → 2026-03-31
Share-based Payment Arrangement, Noncash Expense 140.41M 2026-01-01 → 2026-03-31
Other Noncash Income (Expense) -198.23M 2026-01-01 → 2026-03-31
Increase (Decrease) in Other Current Assets 704.64M 2026-01-01 → 2026-03-31
Increase (Decrease) in Contract with Customer, Liability -32.28M 2026-01-01 → 2026-03-31
Increase (Decrease) in Accounts Payable 154.00K 2026-01-01 → 2026-03-31
Increase (Decrease) in Accrued Liabilities 1.30B 2026-01-01 → 2026-03-31
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net 453.84M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Operating Activities 5.29B 2026-01-01 → 2026-03-31
Payments to Acquire Property, Plant, and Equipment 196.13M 2026-01-01 → 2026-03-31
Payments to Acquire Investments 0 2026-01-01 → 2026-03-31
Proceeds from Sale, Maturity and Collection of Investments 0 2026-01-01 → 2026-03-31
Payments to Acquire Businesses, Net of Cash Acquired 585.74M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Investing Activities -781.87M 2026-01-01 → 2026-03-31
Repayments of Long-term Debt 0 2026-01-01 → 2026-03-31
Proceeds from Stock Options Exercised 49.31M 2026-01-01 → 2026-03-31
Payments for Repurchase of Common Stock 1.27B 2026-01-01 → 2026-03-31
Payment, Tax Withholding, Share-based Payment Arrangement 29.23M 2026-01-01 → 2026-03-31
Proceeds from (Payments for) Other Financing Activities 19.69M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Financing Activities -1.23B 2026-01-01 → 2026-03-31
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents -49.84M 2026-01-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 3.23B 2026-01-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 12.27B as of 2026-03-31

Notes

48 concepts 5 units
Unit US$ · 32 concepts
Label Value Period
Operating Lease, Liability, Current 433.48M as of 2026-03-31
Long-term Debt, Fair Value 14.68B as of 2026-03-31
Derivative Asset, Fair Value, Gross Liability 0 as of 2026-03-31
Derivative Liability, Fair Value, Gross Asset 0 as of 2026-03-31
Derivative, Notional Amount 25.31B as of 2026-03-31
Stock Repurchase Program, Remaining Authorized Repurchase Amount 6.80B as of 2026-03-31
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 0 as of 2026-03-31
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax 0 as of 2026-03-31
Derivative Asset, Fair Value, Amount Offset Against Collateral 117.06M as of 2026-03-31
Derivative Liability, Fair Value, Amount Offset Against Collateral 52.60M as of 2026-03-31
Unrecorded Unconditional Purchase Obligation 18.50B as of 2026-03-31
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 11.24M 2026-01-01 → 2026-03-31
Derivative, Collateral, Right to Reclaim Cash 0 as of 2026-03-31
Derivative, Collateral, Right to Reclaim Securities 413.63M as of 2026-03-31
Derivative, Collateral, Obligation to Return Cash 0 as of 2026-03-31
Derivative, Collateral, Obligation to Return Securities 413.63M as of 2026-03-31
Debt Instrument, Face Amount 14.41B as of 2026-03-31
OCI, before Reclassifications, Net of Tax, Attributable to Parent 233.98M 2026-01-01 → 2026-03-31
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent -111.38M 2026-01-01 → 2026-03-31
Other Commitment 0 as of 2026-03-31
Purchase Obligation, to be Paid, Year Two and Three 8.61B as of 2026-03-31
Purchase Obligation, to be Paid, Year Four and Five 2.83B as of 2026-03-31
Purchase Obligation, to be Paid, after Year Five 922.85M as of 2026-03-31
Purchase Obligation 24.14B as of 2026-03-31
Purchase Obligation, to be Paid, Remainder of Fiscal Year 11.78B as of 2026-03-31
Debt Issuance Costs, Net 52.00M as of 2026-03-31
Accounts Receivable, Held-for-sale 2.00B as of 2026-03-31
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months 23.00M as of 2026-03-31
Other Receivables, Net, Current 2.18B as of 2026-03-31
Debt Securities, Available-for-sale, Amortized Cost 12.30B as of 2026-03-31
Derivative Liability, Fair Value, Gross Liability 466.23M as of 2026-03-31
Derivative Asset, Fair Value, Gross Asset 530.69M as of 2026-03-31
Unit shares · 7 concepts
Label Value Period
Treasury Stock, Shares, Acquired 13.50M 2026-01-01 → 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number 125.77M as of 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period 3.78M 2026-01-01 → 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period 23,270 2026-01-01 → 2026-03-31
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 75.65M 2026-01-01 → 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number 125.77M as of 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number 125.77M as of 2026-03-31
Unit US$ / share · 6 concepts
Label Value Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price $37.56 as of 2026-03-31
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price $89.73 2026-01-01 → 2026-03-31
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price $13.66 2026-01-01 → 2026-03-31
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price $9.82 2026-01-01 → 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price $37.56 as of 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price $37.56 as of 2026-03-31
Unit pure · 1 concept
Label Value Period
Effective Income Tax Rate Reconciliation, Percent 0.19 2026-01-01 → 2026-03-31
Unit segment · 2 concepts
Label Value Period
Number of Operating Segments 1 2026-01-01 → 2026-03-31
Number of Reportable Segments 1 2026-01-01 → 2026-03-31

Other

2 concepts 1 unit
Unit shares · 2 concepts
Label Value Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures 1.89M 2026-01-01 → 2026-03-31
Entity Common Stock, Shares Outstanding 4.21B as of 2026-03-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (NFLX CIK 0001065280), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.