Netflix Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	46,890	45,183	39,001	33,723	31,616	29,698
Revenue Growth (YoY)	16.72%	15.85%	15.65%	6.67%	6.46%	18.81%
Cost of Revenue	23,900	23,275	21,039	19,715	19,168	17,333
Gross Profit	22,990	21,908	17,963	14,008	12,447	12,365
Selling, General & Admin	5,525	5,190	4,620	4,378	4,103	3,897
Research & Development	3,528	3,391	2,925	2,676	2,711	2,274
Total Operating Expenses	9,053	8,581	7,545	7,054	6,814	6,171
Operating Income	13,937	13,327	10,418	6,954	5,633	6,195
Interest Income	2,974	172.46	266.78	-48.77	337.31	411.21
Interest Expense	-854.42	-776.51	-718.73	-699.83	-706.21	-765.62
Total Non-Operating Income (Expense)	2,119	-604.05	-451.96	-748.6	-368.9	-354.41
Pretax Income	16,056	12,723	9,966	6,205	5,264	5,840
Provision for Income Taxes	2,682	1,741	1,254	797.42	772.01	723.88
Net Income	13,374	10,981	8,712	5,408	4,492	5,116
Net Income to Common	13,374	10,981	8,712	5,408	4,492	5,116
Net Income Growth	44.27%	26.05%	61.09%	20.39%	-12.20%	85.28%
Shares Outstanding (Basic)	4,237	4,250	4,295	4,416	4,447	4,432
Shares Outstanding (Diluted)	4,326	4,344	4,393	4,495	4,513	4,554
Shares Change (YoY)	-1.25%	-1.11%	-2.28%	-0.40%	-0.90%	0.26%
EPS (Basic)	3.15	2.58	2.03	1.22	1.01	1.16
EPS (Diluted)	3.10	2.53	1.98	1.20	0.99	1.12
EPS Growth	46.32%	27.78%	65.00%	20.60%	-11.48%	84.87%
Shares Outstanding	4,213	4,222	4,278	4,328	4,453	4,440
Free Cash Flow	11,894	9,461	6,922	6,926	1,619	-131.98
Free Cash Flow Growth	25.72%	36.68%	-0.06%	327.90%	-	-
Free Cash Flow Per Share	2.75	2.18	1.58	1.54	0.36	-0.03
Gross Margin	49.03%	48.49%	46.06%	41.54%	39.37%	41.64%
Operating Margin	29.72%	29.49%	26.71%	20.62%	17.82%	20.86%
Profit Margin	28.52%	24.30%	22.34%	16.04%	14.21%	17.23%
FCF Margin	25.37%	20.94%	17.75%	20.54%	5.12%	-0.44%
EBITDA	14,289	13,660	10,747	7,311	5,970	6,403
EBITDA Margin	30.47%	30.23%	27.55%	21.68%	18.88%	21.56%
EBIT	13,937	13,327	10,418	6,954	5,633	6,195
EBIT Margin	29.72%	29.49%	26.71%	20.62%	17.82%	20.86%
Effective Tax Rate	16.71%	13.69%	12.58%	12.85%	14.67%	12.39%

SEC Filings: 10-K · 10-Q