Netflix, Inc. financials

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NFLX CIK 0001065280

Source: EDGAR filings · Built 2026-06-02T03:39:23Z

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 1.19× 1.22× 1.12× 1.17× 0.95× 1.25×
Debt-to-Equity 0.64× 0.73× 0.82× 0.81× 1.14× 2.22×
Effective Tax Rate 13.69% 12.58% 12.85% 14.67% 12.39% 13.69%
Cash Conversion Ratio 0.92× 0.84× 1.35× 0.45× 0.08× 0.88×
Accruals Ratio 0.01× 0.03× -0.04× 0.05× 0.11× 0.01×
SBC % of Revenue 0.82% 0.70% 1.01% 1.82% 1.36% 1.66%
CapEx Coverage 14.75× 16.75× 20.87× 4.97× 0.75× 4.87×
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) 37.06× 45.02× 40.57× 29.64× 53.60× 88.94×
P/FCF 43.05× 56.56× 31.60× 82.22× — 127.31×
FCF Yield 2.32% 1.77% 3.16% 1.22% — 0.79%
EV / EBITDA 29.56× 355.73× 30.17× 23.97× 43.66× 54.42×
P/S 8.76× 97.76× 6.25× 4.15× 9.01× 9.58×
P/B 14.87× 154.09× 10.23× 6.32× 16.88× 21.64×

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.

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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.

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