Netflix Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Quarter Ended	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	+53 Quarters
Revenue	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	6,436	6,148	5,768	5,467	5,245	4,923	4,521	4,187	3,999	3,907	3,701	3,286	2,985	2,785	2,637	2,478	2,290	2,105	1,958	1,823	1,738	1,645	1,573	1,485	1,409	1,340	1,270	Upgrade
Revenue Growth (YoY)	12.49%	7.77%	2.72%	3.73%	1.85%	5.91%	8.56%	9.83%	16.03%	16.28%	19.41%	24.20%	21.53%	22.70%	24.89%	27.58%	30.59%	31.14%	26.00%	22.16%	27.42%	33.99%	40.27%	40.36%	32.62%	30.33%	32.31%	34.68%	35.88%	31.74%	28.00%	24.45%	22.81%	23.34%	22.70%	23.86%	26.34%	27.44%	25.35%	24.04%	Upgrade
Cost of Revenue	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	3,868	3,644	3,600	3,466	3,098	3,006	2,871	2,733	2,531	2,402	2,301	2,481	1,993	1,902	1,657	1,882	1,533	1,473	1,370	1,249	1,174	1,122	1,046	1,014	954.39	914.85	869.19	Upgrade
Gross Profit	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	2,568	2,505	2,168	2,001	2,147	1,917	1,650	1,453	1,468	1,505	1,400	805.07	991.88	883.16	979.61	595.56	757.34	632.11	588.2	573.97	564.4	522.94	526.73	470.4	455.04	425.56	400.9	Upgrade
Selling, General & Admin	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	799.22	711.61	755.92	1,134	786.97	827.81	818.53	905.89	678.96	743.53	671.39	385.48	528.02	488.27	465.56	288.3	435.21	354.44	335.24	333.22	318.99	293.05	286.17	279.47	223.68	180.78	193	Upgrade
Research & Development	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	453.8	435.05	453.82	409.38	379.78	383.23	372.76	331.79	308.62	299.1	282.31	174.28	255.24	267.08	257.11	153.33	216.1	207.3	203.51	180.86	171.76	155.06	143.11	125.88	120.95	115.18	110.31	Upgrade
Operating Expenses	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	1,253	1,147	1,210	1,543	1,167	1,211	1,191	1,238	987.58	1,043	953.7	559.76	783.25	755.35	722.67	441.63	651.31	561.74	538.74	514.07	490.76	448.11	429.27	405.35	344.63	295.96	303.31	Upgrade
Operating Income	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	1,315	1,358	958.26	458.51	980.24	706.42	459.08	215.77	480.67	462.21	446.58	245.3	208.63	127.81	256.94	153.93	106.04	70.37	49.45	59.89	73.64	74.84	97.46	65.05	110.41	129.6	97.6	Upgrade
Interest Expense / Income	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	197.08	189.15	184.08	177.8	160.66	152.03	135.53	128.81	108.86	101.61	81.22	75.29	60.69	55.48	46.74	43.59	35.54	35.46	35.54	35.43	35.33	35.22	26.74	13.35	13.49	13.33	10.05	Upgrade
Other Expense / Income	172.75	-168.22	-26.96	71.2	339.97	-261.4	-220.23	-195.65	-108.51	-96.14	62.52	-269.09	250.64	256.32	133.18	-21.7	131.38	-192.74	53.47	-76.1	-32.44	-7	-68.03	65.74	38.68	31.7	58.36	-13.59	20.08	-8.63	-16.32	-25.96	3.73	-3.93	-0.87	32.29	6.18	-0.62	-1.1	-1.4	Upgrade
Pretax Income	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	861.46	1,036	795.87	149.33	1,012	500.92	399.66	119.4	378.81	428.64	299.62	131.33	116.24	13.96	223.79	90.27	79.13	51.23	39.88	20.73	42.24	40.49	38.43	45.52	97.54	117.37	88.94	Upgrade
Income Tax	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	71.48	315.41	86.8	-437.64	347.08	230.27	55.61	-14.54	-24.03	44.29	9.49	-54.19	-13.35	-51.64	45.57	23.52	27.61	10.48	12.22	-22.45	12.81	14.16	14.73	-37.86	38.24	46.35	35.83	Upgrade
Net Income	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	789.98	720.2	709.07	586.97	665.24	270.65	344.05	133.93	402.84	384.35	290.12	185.52	129.59	65.6	178.22	66.75	51.52	40.76	27.66	43.18	29.43	26.34	23.7	83.37	59.3	71.02	53.12	Upgrade
Net Income Growth	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%	18.75%	166.10%	106.09%	338.25%	65.14%	-29.58%	18.59%	-27.80%	210.85%	485.90%	62.79%	177.94%	151.55%	60.96%	544.38%	54.59%	75.04%	54.76%	16.72%	-48.21%	-50.36%	-62.92%	-55.39%	72.18%	86.33%	140.98%	1875.27%	Upgrade
Shares Outstanding (Basic)	436	442	444	445	445	445	445	444	443	443	443	443	442	442	441	439	439	438	438	437	436	436	435	434	433	432	431	431	430	429	428	428	428	427	425	424	422	421	420	419	Upgrade
Shares Outstanding (Diluted)	444	450	452	452	452	450	450	453	456	455	455	456	455	455	454	452	451	452	452	452	451	452	452	450	448	447	446	445	440	438	438	438	438	438	436	434	433	433	431	431	Upgrade
Shares Change	-1.69%	-0.07%	0.31%	-0.13%	-0.91%	-1.01%	-1.09%	-0.58%	0.11%	-0.04%	0.26%	0.70%	0.87%	0.78%	0.39%	0.13%	0.05%	-0.08%	0.14%	0.35%	0.66%	1.02%	1.19%	1.10%	1.84%	2.05%	1.85%	1.70%	0.41%	0.18%	0.47%	0.96%	1.33%	1.12%	1.08%	0.69%	0.78%	1.36%	1.72%	2.33%	Upgrade
EPS (Basic)	2.17	3.80	3.35	2.93	0.12	3.14	3.24	3.60	1.37	3.27	3.05	3.85	1.22	1.79	1.63	1.61	1.33	1.52	0.62	0.79	0.30	0.92	0.88	0.67	0.42	0.30	0.15	0.41	0.16	0.12	0.10	0.06	0.10	0.07	0.06	0.06	0.19	0.14	0.17	0.13	Upgrade
EPS (Diluted)	2.13	3.73	3.29	2.88	0.12	3.10	3.20	3.53	1.34	3.19	2.97	3.75	1.19	1.74	1.59	1.57	1.30	1.47	0.60	0.76	0.29	0.89	0.85	0.64	0.41	0.29	0.15	0.40	0.16	0.12	0.09	0.06	0.10	0.07	0.06	0.05	0.20	0.14	0.16	0.12	Upgrade
EPS Growth	1675.00%	20.32%	2.81%	-18.41%	-91.04%	-2.82%	7.74%	-5.87%	12.61%	83.33%	86.79%	138.85%	-8.46%	18.37%	165.00%	106.58%	348.28%	65.17%	-29.41%	18.75%	-29.27%	206.90%	466.67%	60.00%	156.25%	141.67%	66.67%	566.67%	60.00%	71.43%	50.00%	20.00%	-50.00%	-50.00%	-62.50%	-59.35%	83.49%	89.19%	128.57%	1657.14%	Upgrade
Free Cash Flow	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	1,154	899.34	161.9	-1,569.71	-547.13	-583.34	-440.18	-1,274.11	-737.48	-558.11	-284.72	-466.33	-463.79	-607.38	-421.75	-637.01	-506.56	-255.03	-260.22	-278.4	-248.26	-228.67	-163.32	-77.32	-74	15.17	8.11	Upgrade
Free Cash Flow Per Share	3.63	4.28	3.02	4.75	0.75	1.06	0.03	1.80	-1.28	-0.19	-0.39	1.57	-0.65	2.61	2.04	0.37	-3.58	-1.25	-1.33	-1.01	-2.92	-1.69	-1.28	-0.66	-1.08	-1.07	-1.41	-0.98	-1.48	-1.18	-0.59	-0.61	-0.65	-0.58	-0.54	-0.39	-0.18	-0.18	0.04	0.02	Upgrade
Gross Margin	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%	39.90%	40.74%	37.59%	36.61%	40.93%	38.95%	36.50%	34.71%	36.71%	38.51%	37.84%	24.50%	33.23%	31.71%	37.15%	24.04%	33.07%	30.03%	30.04%	31.48%	32.47%	31.80%	33.48%	31.68%	32.29%	31.75%	31.56%	Upgrade
Operating Margin	16.94%	22.44%	22.32%	21.00%	7.00%	19.34%	19.80%	25.06%	8.19%	23.46%	25.17%	27.36%	14.36%	20.43%	22.09%	16.61%	8.39%	18.69%	14.35%	10.15%	5.15%	12.02%	11.83%	12.07%	7.47%	6.99%	4.59%	9.75%	6.21%	4.63%	3.34%	2.53%	3.28%	4.24%	4.55%	6.20%	4.38%	7.83%	9.67%	7.68%	Upgrade
Profit Margin	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%	12.28%	11.71%	12.29%	10.74%	12.68%	5.50%	7.61%	3.20%	10.07%	9.84%	7.84%	5.65%	4.34%	2.36%	6.76%	2.69%	2.25%	1.94%	1.41%	2.37%	1.69%	1.60%	1.51%	5.62%	4.21%	5.30%	4.18%	Upgrade
Free Cash Flow Margin	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%	17.93%	14.63%	2.81%	-28.71%	-10.43%	-11.85%	-9.74%	-30.43%	-18.44%	-14.28%	-7.69%	-14.19%	-15.54%	-21.81%	-16.00%	-25.71%	-22.12%	-12.11%	-13.29%	-15.27%	-14.28%	-13.90%	-10.38%	-5.21%	-5.25%	1.13%	0.64%	Upgrade
Effective Tax Rate	18.32%	12.13%	11.42%	11.15%	-40.54%	13.79%	11.22%	19.31%	-10.27%	12.76%	15.11%	16.11%	-7.06%	8.30%	30.46%	10.91%	-293.06%	34.29%	45.97%	13.91%	-12.18%	-6.34%	10.33%	3.17%	-41.26%	-11.49%	-369.85%	20.36%	26.06%	34.89%	20.45%	30.65%	-108.28%	30.32%	34.96%	38.33%	-83.17%	39.21%	39.49%	40.28%	Upgrade
EBITDA	5,164	5,749	5,354	5,193	4,248	5,533	5,143	5,408	4,546	4,885	4,630	4,984	3,718	3,821	3,859	3,492	2,935	3,480	2,910	2,683	2,293	2,431	2,379	2,160	1,891	1,837	1,655	1,610	1,498	1,372	1,296	1,169	1,052	983.61	934.7	851.03	823.71	829.8	799.64	728.23	Upgrade
EBITDA Margin	58.46%	67.30%	65.39%	63.63%	54.10%	69.81%	64.53%	68.74%	58.96%	65.27%	63.07%	69.58%	55.96%	59.37%	62.76%	60.54%	53.67%	66.34%	59.12%	59.36%	54.76%	60.77%	60.89%	58.36%	57.56%	61.54%	59.43%	61.06%	60.45%	59.93%	61.57%	59.72%	57.71%	56.58%	56.83%	54.10%	55.48%	58.87%	59.66%	57.34%	Upgrade
Depreciation & Amortization	3,841	3,664	3,499	3,550	4,038	3,739	3,345	3,241	3,805	3,033	2,845	2,755	3,015	2,762	2,634	2,512	2,607	2,307	2,257	2,148	2,045	1,943	1,849	1,779	1,685	1,660	1,586	1,339	1,364	1,258	1,210	1,094	996.14	906.04	858.99	785.87	764.84	718.78	668.94	629.24	Upgrade
EBIT	1,323	2,085	1,854	1,643	209.94	1,794	1,799	2,167	740.28	1,851	1,785	2,229	703.6	1,059	1,225	979.95	327.13	1,173	652.95	535.19	248.2	487.67	530.24	380.84	206.62	176.93	69.44	270.53	133.86	114.66	86.69	75.42	56.16	77.57	75.71	65.16	58.87	111.02	130.7	99	Upgrade
EBIT Margin	14.98%	24.41%	22.65%	20.13%	2.67%	22.64%	22.57%	27.55%	9.60%	24.74%	24.31%	31.12%	10.59%	16.45%	19.92%	16.99%	5.98%	22.36%	13.26%	11.84%	5.93%	12.19%	13.57%	10.29%	6.29%	5.93%	2.49%	10.26%	5.40%	5.01%	4.12%	3.85%	3.08%	4.46%	4.60%	4.14%	3.96%	7.88%	9.75%	7.79%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).