Netflix Income Statement (Quarterly)

The table below shows the quarterly income statements for Netflix stock for the past 41 quarters.

Numbers in millions USD, except per-share numbers.

Quarter Ended	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	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31
Revenue	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	1,175	1,106	1,069	1,024	945	905	889	870	876	822	789	719	596	553	520	494	445
Revenue Growth (YoY)	30.59%	31.14%	26%	22.16%	27.42%	33.99%	40.27%	40.36%	32.62%	30.33%	32.31%	34.68%	35.88%	31.74%	28%	24.45%	22.81%	23.34%	22.7%	23.86%	26.34%	27.44%	25.35%	24.04%	24.33%	22.2%	20.27%	17.72%	7.96%	10.13%	12.75%	21.05%	46.93%	48.56%	51.71%	45.55%	34.05%	-	-	-	-
Cost of Revenue	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	915	869	821	799	761	737	722	663	643	624	575	537	490	438	391	344	315	307	275
Gross Profit	2,001	2,147	1,917	1,650	1,453	1,468	1,505	1,400	805	992	883	980	596	757	632	588	574	564	523	527	470	455	426	401	355	307	309	287	223	242	246	246	300	285	299	280	205	209	205	187	169
Selling, General & Admin	1,134	787	828	819	906	679	744	671	385	528	488	466	288	435	354	335	333	319	293	286	279	224	181	193	174	154	158	163	121	144	148	165	158	119	126	127	80.72	97.14	89.68	90.76	79.68
Research & Development	409	380	383	373	332	309	299	282	174	255	267	257	153	216	207	204	181	172	155	143	126	121	115	110	98.13	95.54	93.13	91.98	82.14	82.52	81.55	82.80	80.78	69.48	57.87	50.91	45.96	42.11	37.86	37.40	33.21
Operating Expenses	1,543	1,167	1,211	1,191	1,238	988	1,043	954	560	783	755	723	442	651	562	539	514	491	448	429	405	345	296	303	272	250	252	255	204	226	230	248	239	188	184	178	127	139	128	128	116
Operating Income	459	980	706	459	216	481	462	447	245	209	128	257	154	106	70.37	49.45	59.89	73.64	74.84	97.46	65.05	110	130	97.60	82.29	57.12	57.12	31.82	19.64	16.14	16.15	-1.94	61.87	96.84	115	102	78.45	69.50	77.34	58.35	53.35
Income Taxes	-438	347	230	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	25.58	17.67	17.18	-1.76	7.01	4.27	4.49	-2.44	21.62	31.16	42.61	38.01	27.46	27.44	29.85	22.09	20.42
Interest Income/Expense	178	161	152	136	129	109	102	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	7.44	7.44	7.53	6.74	5.02	4.99	5.01	4.97	4.94	4.92	5.30	4.87	4.83	4.95	4.89	4.96	4.46
Other Expense/Income	309	-32.08	206	59.43	96.37	102	33.58	147	114	92.39	114	33.15	63.67	26.91	19.14	9.57	39.16	31.40	34.35	59.03	19.53	12.87	12.23	8.65	8.28	7.63	10.47	30.89	4.73	4.19	5.50	5.09	5.04	3.22	4.29	4.00	3.89	4.09	3.97	3.99	2.01
Net Income	587	665	271	344	134	403	384	290	186	130	65.60	178	66.75	51.52	40.76	27.66	43.18	29.43	26.34	23.70	83.37	59.30	71.02	53.12	48.42	31.82	29.47	2.69	7.90	7.68	6.16	-4.58	35.22	62.46	68.21	60.23	47.10	37.97	43.52	32.27	30.91
Shares Outstanding	439	438	438	437	436	436	435	434	433	432	431	431	430	429	428	428	428	427	425	424	422	421	420	419	416	414	407	392	389	389	389	388	375	368	367	369	368	365	367	370	375
Shares Change (YoY)	0.49%	0.52%	0.57%	0.64%	0.76%	0.79%	0.86%	0.83%	0.79%	0.81%	0.68%	0.58%	0.48%	0.48%	0.74%	1.06%	1.29%	1.35%	1.28%	1.17%	1.41%	1.8%	3.1%	6.87%	7.06%	6.42%	4.8%	0.93%	3.67%	5.65%	5.82%	5.11%	1.91%	0.82%	-0.03%	-0.29%	-1.73%	-	-	-	-
EPS (Basic)	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	0.12	0.08	0.07	0.01	0.02	0.02	0.02	-0.01	0.09	0.17	0.19	0.16	0.13	0.10	0.12	0.09	0.08
Earnings Per Share (EPS)	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	0.11	0.07	0.07	0.01	0.02	0.02	0.02	-0.01	0.09	0.17	0.18	0.16	0.12	0.10	0.11	0.08	0.08
EPS Growth (YoY)	348.28%	65.17%	-29.41%	18.75%	-29.27%	206.9%	466.67%	60%	156.25%	141.67%	66.67%	566.67%	60%	71.43%	50%	20%	-50%	-50%	-62.5%	-59.35%	83.49%	89.19%	128.57%	1657.14%	473.68%	289.47%	337.5%	-	-78.89%	-88.55%	-91.11%	-	-27.42%	66%	57.89%	89.29%	56.96%	-	-	-	-
FCF Per Share	-3.53	-1.26	-1.35	-1.03	-2.92	-1.69	-1.28	-0.66	-1.08	-1.07	-1.41	-0.98	-1.48	-1.18	-0.60	-0.61	-0.65	-0.58	-0.54	-0.39	-0.18	-0.18	0.04	0.02	0.01	0.02	0.03	-0.12	-0.14	-0.06	0.02	-	0.08	0.04	0.16	0.21	0.13	0.01	0.08	0.09	0.05
Gross Margin	36.6%	40.9%	38.9%	36.5%	34.7%	36.7%	38.5%	37.8%	24.5%	33.2%	31.7%	37.2%	24%	33.1%	30%	30%	31.5%	32.5%	31.8%	33.5%	31.7%	32.3%	31.7%	31.6%	30.2%	27.8%	28.9%	28%	23.6%	26.8%	27.6%	28.3%	34.3%	34.7%	37.9%	39%	34.4%	37.7%	39.4%	37.8%	38%
Operating Margin	8.4%	18.7%	14.3%	10.2%	5.2%	12.0%	11.8%	12.1%	7.5%	7.0%	4.6%	9.7%	6.2%	4.6%	3.3%	2.5%	3.3%	4.2%	4.6%	6.2%	4.4%	7.8%	9.7%	7.7%	7.0%	5.2%	5.3%	3.1%	2.1%	1.8%	1.8%	-0.2%	7.1%	11.8%	14.6%	14.2%	13.2%	12.6%	14.9%	11.8%	12.0%
Profit Margin	10.7%	12.7%	5.5%	7.6%	3.2%	10.1%	9.8%	7.8%	5.6%	4.3%	2.4%	6.8%	2.7%	2.2%	1.9%	1.4%	2.4%	1.7%	1.6%	1.5%	5.6%	4.2%	5.3%	4.2%	4.1%	2.9%	2.8%	0.3%	0.8%	0.8%	0.7%	-0.5%	4%	7.6%	8.6%	8.4%	7.9%	6.9%	8.4%	6.5%	7%
FCF Margin	-28.3%	-10.5%	-12.0%	-9.9%	-30.4%	-18.4%	-14.3%	-7.7%	-14.2%	-15.5%	-21.8%	-16.0%	-25.7%	-22.1%	-12.1%	-13.3%	-15.3%	-14.3%	-13.9%	-10.4%	-5.2%	-5.3%	1.1%	0.6%	0.3%	0.8%	1.1%	-4.4%	-5.7%	-2.5%	0.9%	0.1%	3.6%	1.8%	7.4%	10.8%	8.3%	0.9%	5.8%	6.9%	4.3%
EBITDA	2,912	3,486	2,918	2,692	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	984	935	851	824	830	800	728	685	639	594	524	512	452	419	369	378	321	295	226	185	156	153	132	126
EBITDA Margin	53.3%	66.5%	59.3%	59.5%	54.8%	60.8%	60.9%	58.4%	57.6%	61.5%	59.4%	61.1%	60.5%	59.9%	61.6%	59.7%	57.7%	56.6%	56.8%	54.1%	55.5%	58.9%	59.7%	57.3%	58.3%	57.8%	55.6%	51.1%	54.2%	50%	47.1%	42.4%	43.1%	39%	37.4%	31.4%	31%	28.2%	29.4%	26.8%	28.4%
EBIT	327	1,173	653	535	248	488	530	381	207	177	69.44	271	134	115	86.69	75.42	56.16	77.57	75.71	65.16	58.87	111	131	99.00	81.44	56.93	54.18	7.67	19.92	16.94	15.66	-2.05	61.78	98.54	116	103	79.39	70.35	78.26	59.32	55.79
EBIT Margin	6.0%	22.4%	13.3%	11.8%	5.9%	12.2%	13.6%	10.3%	6.3%	5.9%	2.5%	10.3%	5.4%	5.0%	4.1%	3.9%	3.1%	4.5%	4.6%	4.1%	4.0%	7.9%	9.8%	7.8%	6.9%	5.1%	5.1%	0.7%	2.1%	1.9%	1.8%	-0.2%	7.1%	12.0%	14.7%	14.3%	13.3%	12.7%	15.1%	12.0%	12.6%