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	Jun '26 Jun 30, 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	48,371	45,183	39,001	33,723	31,616	29,698
Revenue Growth (YoY)	16.02%	15.85%	15.65%	6.67%	6.46%	18.81%
Cost of Revenue	24,612	23,275	21,038	19,715	19,168	17,333
Gross Profit	23,759	21,908	17,963	14,008	12,447	12,365
Selling, General & Admin	5,693	5,190	4,620	4,378	4,103	3,897
Research & Development	3,711	3,391	2,925	2,676	2,711	2,274
Total Operating Expenses	9,404	8,581	7,545	7,054	6,814	6,171
Operating Income	14,355	13,327	10,418	6,954	5,633	6,195
Interest Income	2,986	172.46	266.78	-48.77	337.31	411.21
Interest Expense	-847.45	-776.51	-718.73	-699.83	-706.21	-765.62
Total Non-Operating Income (Expense)	2,138	-604.05	-451.96	-748.6	-368.9	-354.41
Pretax Income	16,493	12,723	9,966	6,205	5,264	5,840
Provision for Income Taxes	2,843	1,741	1,254	797.42	772.01	723.88
Net Income	13,650	10,981	8,712	5,408	4,492	5,116
Net Income to Common	13,650	10,981	8,712	5,408	4,492	5,116
Net Income Growth	33.20%	26.05%	61.09%	20.39%	-12.20%	85.28%
Shares Outstanding (Basic)	4,221	4,250	4,295	4,416	4,447	4,432
Shares Outstanding (Diluted)	4,304	4,344	4,393	4,495	4,513	4,554
Shares Change (YoY)	-1.48%	-1.11%	-2.28%	-0.40%	-0.90%	0.26%
EPS (Basic)	3.23	2.58	2.03	1.22	1.01	1.16
EPS (Diluted)	3.18	2.53	1.98	1.20	0.99	1.12
EPS Growth	35.32%	27.78%	65.00%	20.60%	-11.48%	84.87%
Free Cash Flow	11,152	9,461	6,922	6,926	1,619	-131.98
Free Cash Flow Growth	17.87%	36.68%	-0.06%	327.90%	-	-
Free Cash Flow Per Share	2.59	2.18	1.58	1.54	0.36	-0.03
Gross Margin	49.12%	48.49%	46.06%	41.54%	39.37%	41.64%
Operating Margin	29.68%	29.49%	26.71%	20.62%	17.82%	20.86%
Profit Margin	28.22%	24.30%	22.34%	16.04%	14.21%	17.23%
FCF Margin	23.06%	20.94%	17.75%	20.54%	5.12%	-0.44%
EBITDA	14,727	13,660	10,747	7,311	5,970	6,403
EBITDA Margin	30.45%	30.23%	27.55%	21.68%	18.88%	21.56%
EBIT	14,355	13,327	10,418	6,954	5,633	6,195
EBIT Margin	29.68%	29.49%	26.71%	20.62%	17.82%	20.86%
Effective Tax Rate	17.24%	13.69%	12.58%	12.85%	14.67%	12.39%

SEC Filings: 10-K · 10-Q