Netflix, Inc. (NFLX)
NASDAQ: NFLX · Real-Time Price · USD
1,098.46
+5.50 (0.50%)
At close: Nov 5, 2025, 4:00 PM EST
1,097.11
-1.35 (-0.12%)
Pre-market: Nov 6, 2025, 4:57 AM EST
Netflix Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | +20 Quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 | Dec '20 Dec 31, 2020 | +20 Quarters |
| 11,510 | 11,079 | 10,543 | 10,247 | 9,825 | 9,559 | 9,370 | 8,833 | 8,542 | 8,187 | 8,162 | 7,852 | 7,926 | 7,970 | 7,868 | 7,709 | 7,483 | 7,342 | 7,163 | 6,644 | Upgrade | |
Revenue Growth (YoY) | 17.16% | 15.90% | 12.51% | 16.00% | 15.02% | 16.76% | 14.81% | 12.49% | 7.77% | 2.73% | 3.73% | 1.85% | 5.91% | 8.56% | 9.84% | 16.03% | 16.28% | 19.41% | 24.20% | 21.53% | Upgrade |
Cost of Revenue | 6,164 | 5,325 | 5,263 | 5,767 | 5,120 | 5,174 | 4,977 | 5,307 | 4,931 | 4,673 | 4,804 | 5,404 | 4,789 | 4,691 | 4,285 | 5,240 | 4,207 | 4,018 | 3,869 | 4,165 | Upgrade |
Gross Profit | 5,346 | 5,754 | 5,280 | 4,479 | 4,705 | 4,385 | 4,393 | 3,525 | 3,611 | 3,514 | 3,358 | 2,448 | 3,137 | 3,279 | 3,583 | 2,470 | 3,277 | 3,324 | 3,295 | 2,479 | Upgrade |
Selling, General & Admin | 1,244 | 1,154 | 1,110 | 1,430 | 1,060 | 1,071 | 1,058 | 1,356 | 1,037 | 1,029 | 956.29 | 1,224 | 941.17 | 984.26 | 953.91 | 1,191 | 957.74 | 938.82 | 809.71 | 1,038 | Upgrade |
Research & Development | 853.58 | 824.68 | 822.82 | 776.51 | 735.06 | 711.25 | 702.47 | 673.34 | 657.16 | 657.98 | 687.28 | 673.93 | 662.74 | 716.85 | 657.53 | 647.47 | 563.89 | 537.32 | 525.21 | 486.94 | Upgrade |
Operating Expenses | 2,098 | 1,979 | 1,933 | 2,206 | 1,795 | 1,782 | 1,761 | 2,029 | 1,694 | 1,687 | 1,644 | 1,898 | 1,604 | 1,701 | 1,611 | 1,838 | 1,522 | 1,476 | 1,335 | 1,525 | Upgrade |
Operating Income | 3,248 | 3,775 | 3,347 | 2,273 | 2,909 | 2,603 | 2,633 | 1,496 | 1,916 | 1,827 | 1,714 | 549.9 | 1,533 | 1,578 | 1,972 | 631.77 | 1,755 | 1,848 | 1,960 | 954.24 | Upgrade |
Interest Expense | -175.29 | -182.65 | -184.17 | -192.6 | -184.83 | -167.99 | -173.31 | -175.21 | -175.56 | -174.81 | -174.24 | -170.6 | -172.58 | -175.46 | -187.58 | -189.43 | -190.43 | -191.32 | -194.44 | -197.19 | Upgrade |
Interest & Investment Income | 67 | 72 | 82 | 105.33 | 76 | 63 | 67 | 116.03 | 79.22 | 49.96 | 35.8 | 55.31 | 12.4 | - | 3.65 | 6.51 | - | - | 11.09 | 12.36 | Upgrade |
Currency Exchange Gain (Loss) | -25 | -36 | -36 | -42 | -91 | 21 | 94 | -252 | 89 | -23 | -107 | -398 | 249 | 239 | 192 | 102 | 103 | -60 | 258 | -263 | Upgrade |
Other Non Operating Income (Expenses) | -5.54 | 3.63 | 4.9 | -9.22 | -6.69 | -5 | -5.64 | -36.77 | - | - | - | 2.73 | - | -18.77 | - | - | -6.87 | -2.52 | - | - | Upgrade |
Pretax Income | 3,109 | 3,632 | 3,214 | 2,134 | 2,703 | 2,514 | 2,615 | 1,148 | 1,909 | 1,679 | 1,469 | 39.34 | 1,622 | 1,623 | 1,980 | 550.85 | 1,661 | 1,594 | 2,035 | 506.42 | Upgrade |
Income Tax Expense | 562.49 | 506.26 | 323.38 | 265.66 | 339.45 | 366.55 | 282.37 | 210.31 | 231.63 | 191.72 | 163.75 | -15.95 | 223.61 | 182.1 | 382.25 | -56.58 | 211.89 | 240.78 | 327.79 | -35.74 | Upgrade |
Net Income | 2,547 | 3,125 | 2,890 | 1,869 | 2,364 | 2,147 | 2,332 | 937.84 | 1,677 | 1,488 | 1,305 | 55.28 | 1,398 | 1,441 | 1,597 | 607.43 | 1,449 | 1,353 | 1,707 | 542.16 | Upgrade |
Net Income to Common | 2,547 | 3,125 | 2,890 | 1,869 | 2,364 | 2,147 | 2,332 | 937.84 | 1,677 | 1,488 | 1,305 | 55.28 | 1,398 | 1,441 | 1,597 | 607.43 | 1,449 | 1,353 | 1,707 | 542.16 | Upgrade |
Net Income Growth | 7.76% | 45.55% | 23.93% | 99.25% | 40.90% | 44.35% | 78.70% | 1596.40% | 19.97% | 3.24% | -18.30% | -90.90% | -3.51% | 6.50% | -6.40% | 12.04% | 83.43% | 87.87% | 140.70% | -7.63% | Upgrade |
Shares Outstanding (Basic) | 424 | 425 | 427 | 428 | 428 | 430 | 432 | 436 | 442 | 444 | 445 | 445 | 445 | 445 | 444 | 443 | 443 | 443 | 443 | 442 | Upgrade |
Shares Outstanding (Diluted) | 434 | 435 | 437 | 438 | 438 | 440 | 442 | 444 | 450 | 452 | 452 | 452 | 450 | 450 | 453 | 456 | 455 | 455 | 456 | 455 | Upgrade |
Shares Change (YoY) | -0.88% | -1.10% | -1.06% | -1.46% | -2.69% | -2.62% | -2.38% | -1.63% | -0.07% | 0.31% | -0.13% | -0.91% | -1.01% | -1.09% | -0.58% | 0.11% | -0.04% | 0.26% | 0.69% | 0.87% | Upgrade |
EPS (Basic) | 6.00 | 7.35 | 6.76 | 4.37 | 5.52 | 4.99 | 5.40 | 2.15 | 3.80 | 3.35 | 2.93 | 0.12 | 3.14 | 3.24 | 3.60 | 1.37 | 3.27 | 3.05 | 3.85 | 1.23 | Upgrade |
EPS (Diluted) | 5.87 | 7.19 | 6.61 | 4.27 | 5.40 | 4.88 | 5.28 | 2.11 | 3.73 | 3.29 | 2.88 | 0.12 | 3.10 | 3.20 | 3.53 | 1.34 | 3.19 | 2.97 | 3.75 | 1.19 | Upgrade |
EPS Growth | 8.70% | 47.34% | 25.19% | 101.80% | 44.77% | 48.33% | 83.33% | 1625.19% | 20.32% | 2.81% | -18.41% | -90.87% | -2.82% | 7.74% | -5.87% | 12.66% | 83.33% | 86.79% | 138.85% | -8.40% | Upgrade |
Free Cash Flow | 2,660 | 2,267 | 2,661 | 1,378 | 2,194 | 1,213 | 2,137 | 1,581 | 1,888 | 1,339 | 2,117 | 332.27 | 471.85 | 12.73 | 801.68 | -569.25 | -84.95 | -174.04 | 696.27 | -286.03 | Upgrade |
Free Cash Flow Per Share | 6.13 | 5.21 | 6.09 | 3.15 | 5.01 | 2.76 | 4.84 | 3.56 | 4.20 | 2.97 | 4.68 | 0.74 | 1.05 | 0.03 | 1.77 | -1.25 | -0.19 | -0.38 | 1.53 | -0.63 | Upgrade |
Gross Margin | 46.45% | 51.93% | 50.08% | 43.71% | 47.89% | 45.87% | 46.88% | 39.91% | 42.27% | 42.92% | 41.14% | 31.18% | 39.58% | 41.15% | 45.54% | 32.04% | 43.79% | 45.27% | 46.00% | 37.31% | Upgrade |
Operating Margin | 28.22% | 34.07% | 31.75% | 22.18% | 29.61% | 27.23% | 28.09% | 16.94% | 22.44% | 22.32% | 21.00% | 7.00% | 19.34% | 19.80% | 25.06% | 8.20% | 23.46% | 25.17% | 27.36% | 14.36% | Upgrade |
Profit Margin | 22.13% | 28.21% | 27.41% | 18.24% | 24.06% | 22.46% | 24.89% | 10.62% | 19.64% | 18.17% | 15.99% | 0.70% | 17.64% | 18.08% | 20.30% | 7.88% | 19.36% | 18.43% | 23.83% | 8.16% | Upgrade |
Free Cash Flow Margin | 23.11% | 20.46% | 25.24% | 13.45% | 22.33% | 12.68% | 22.80% | 17.90% | 22.11% | 16.36% | 25.94% | 4.23% | 5.95% | 0.16% | 10.19% | -7.38% | -1.14% | -2.37% | 9.72% | -4.30% | Upgrade |
EBITDA | 3,336 | 3,855 | 3,427 | 2,352 | 2,990 | 2,684 | 2,720 | 1,583 | 2,007 | 1,917 | 1,805 | 643.29 | 1,618 | 1,662 | 2,046 | 695.75 | 1,826 | 1,886 | 1,996 | 986.19 | Upgrade |
EBITDA Margin | 28.98% | 34.79% | 32.51% | 22.96% | 30.44% | 28.08% | 29.03% | 17.92% | 23.50% | 23.41% | 22.11% | 8.19% | 20.42% | 20.85% | 26.01% | 9.03% | 24.39% | 25.69% | 27.86% | 14.84% | Upgrade |
D&A For EBITDA | 87.33 | 80.01 | 80.07 | 79.54 | 80.91 | 81.23 | 87.23 | 86.57 | 90.66 | 89.39 | 90.34 | 93.39 | 85.19 | 83.51 | 74.6 | 63.98 | 70.25 | 38.43 | 35.74 | 31.94 | Upgrade |
EBIT | 3,248 | 3,775 | 3,347 | 2,273 | 2,909 | 2,603 | 2,633 | 1,496 | 1,916 | 1,827 | 1,714 | 549.9 | 1,533 | 1,578 | 1,972 | 631.77 | 1,755 | 1,848 | 1,960 | 954.24 | Upgrade |
EBIT Margin | 28.22% | 34.07% | 31.75% | 22.18% | 29.61% | 27.23% | 28.09% | 16.94% | 22.44% | 22.32% | 21.00% | 7.00% | 19.34% | 19.80% | 25.06% | 8.20% | 23.46% | 25.17% | 27.36% | 14.36% | Upgrade |
Effective Tax Rate | 18.09% | 13.94% | 10.06% | 12.45% | 12.56% | 14.58% | 10.80% | 18.32% | 12.13% | 11.42% | 11.15% | - | 13.79% | 11.22% | 19.31% | - | 12.76% | 15.11% | 16.11% | - | Upgrade |
Updated Oct 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.