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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	43,379	39,001	33,723	31,616	29,698	24,996
Revenue Growth (YoY)	15.41%	15.65%	6.67%	6.46%	18.81%	24.01%
Cost of Revenue	22,520	21,038	19,715	19,168	17,333	15,276
Gross Profit	20,859	17,963	14,008	12,447	12,365	9,720
Selling, General & Admin	4,938	4,620	4,378	4,103	3,897	3,305
Research & Development	3,278	2,925	2,676	2,711	2,274	1,830
Operating Expenses	8,216	7,545	7,054	6,814	6,171	5,134
Operating Income	12,643	10,418	6,954	5,633	6,195	4,585
Interest Expense	-734.72	-718.73	-699.83	-706.21	-765.62	-767.5
Interest & Investment Income	309	294	281	60	8.21	41.56
Currency Exchange Gain (Loss)	-139	-18	-293	282	403	-660
Other Non Operating Income (Expenses)	11.09	-9.22	-36.77	-4.69	-	-
Pretax Income	12,089	9,966	6,205	5,264	5,840	3,199
Income Tax Expense	1,658	1,254	797.42	772.01	723.88	437.95
Net Income	10,431	8,712	5,408	4,492	5,116	2,761
Net Income to Common	10,431	8,712	5,408	4,492	5,116	2,761
Net Income Growth	34.06%	61.09%	20.39%	-12.20%	85.28%	47.91%
Shares Outstanding (Basic)	426	430	442	445	443	441
Shares Outstanding (Diluted)	436	439	449	451	455	454
Shares Change (YoY)	-1.12%	-2.28%	-0.40%	-0.90%	0.26%	0.54%
EPS (Basic)	24.48	20.28	12.25	10.10	11.55	6.26
EPS (Diluted)	23.93	19.83	12.03	9.95	11.24	6.08
EPS Growth	35.54%	64.84%	20.91%	-11.48%	84.87%	47.22%
Free Cash Flow	8,967	6,922	6,926	1,619	-131.98	1,929
Free Cash Flow Per Share	20.57	15.76	15.41	3.59	-0.29	4.25
Gross Margin	48.09%	46.06%	41.54%	39.37%	41.64%	38.88%
Operating Margin	29.14%	26.71%	20.62%	17.82%	20.86%	18.34%
Profit Margin	24.05%	22.34%	16.04%	14.21%	17.23%	11.05%
Free Cash Flow Margin	20.67%	17.75%	20.54%	5.12%	-0.44%	7.72%
EBITDA	12,970	10,747	7,311	5,970	6,403	4,701
EBITDA Margin	29.90%	27.56%	21.68%	18.88%	21.56%	18.81%
D&A For EBITDA	326.95	328.91	356.95	336.68	208.41	115.71
EBIT	12,643	10,418	6,954	5,633	6,195	4,585
EBIT Margin	29.14%	26.71%	20.62%	17.82%	20.86%	18.34%
Effective Tax Rate	13.71%	12.58%	12.85%	14.67%	12.39%	13.69%
Advertising Expenses	-	1,779	1,732	1,586	1,669	1,447

Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q