Netflix, Inc. (NFLX)

Netflix Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	40,173	39,001	33,723	31,616	29,698	24,996
Revenue Growth (YoY)	15.00%	15.65%	6.67%	6.46%	18.81%	24.01%
Cost of Revenue	21,325	21,038	19,715	19,168	17,333	15,276
Gross Profit	18,849	17,963	14,008	12,447	12,365	9,720
Selling, General & Admin	4,671	4,620	4,378	4,103	3,897	3,305
Research & Development	3,046	2,925	2,676	2,711	2,274	1,830
Operating Expenses	7,717	7,545	7,054	6,814	6,171	5,134
Operating Income	11,132	10,418	6,954	5,633	6,195	4,585
Interest Expense	-729.59	-718.73	-699.83	-706.21	-765.62	-767.5
Interest & Investment Income	319.54	294	281	60	8.21	41.56
Currency Exchange Gain (Loss)	-148	-18	-293	282	403	-660
Other Non Operating Income (Expenses)	-9.22	-9.22	-36.77	-4.69	-	-
Pretax Income	10,565	9,966	6,205	5,264	5,840	3,199
Income Tax Expense	1,295	1,254	797.42	772.01	723.88	437.95
Net Income	9,270	8,712	5,408	4,492	5,116	2,761
Net Income to Common	9,270	8,712	5,408	4,492	5,116	2,761
Net Income Growth	44.05%	61.09%	20.39%	-12.20%	85.28%	47.91%
Shares Outstanding (Basic)	428	430	442	445	443	441
Shares Outstanding (Diluted)	438	439	449	451	455	454
Shares Change (YoY)	-1.95%	-2.28%	-0.40%	-0.90%	0.26%	0.54%
EPS (Basic)	21.64	20.28	12.25	10.10	11.55	6.26
EPS (Diluted)	21.15	19.83	12.03	9.95	11.24	6.08
EPS Growth	46.84%	64.84%	20.91%	-11.48%	84.87%	47.22%
Free Cash Flow	7,446	6,922	6,926	1,619	-131.98	1,929
Free Cash Flow Per Share	17.00	15.76	15.41	3.59	-0.29	4.25
Gross Margin	46.92%	46.06%	41.54%	39.37%	41.64%	38.88%
Operating Margin	27.71%	26.71%	20.62%	17.82%	20.86%	18.34%
Profit Margin	23.07%	22.34%	16.04%	14.21%	17.23%	11.05%
Free Cash Flow Margin	18.54%	17.75%	20.54%	5.12%	-0.44%	7.72%
EBITDA	11,454	10,747	7,311	5,970	6,403	4,701
EBITDA Margin	28.51%	27.56%	21.68%	18.88%	21.56%	18.81%
D&A For EBITDA	321.75	328.91	356.95	336.68	208.41	115.71
EBIT	11,132	10,418	6,954	5,633	6,195	4,585
EBIT Margin	27.71%	26.71%	20.62%	17.82%	20.86%	18.34%
Effective Tax Rate	12.26%	12.58%	12.85%	14.67%	12.39%	13.69%
Advertising Expenses	-	1,779	1,732	1,586	1,669	1,447

Updated Jan 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q