NFLX
$70.46-0.21%
as of close, Oct 13, 2026
☾ AH $70.46 -0.21%
Netflix Inc.Stock · Communication ServicesNasdaq-100 1.3%Nasdaq Composite 0.8%S&P 500 0.5%Russell 1000 0.4%US Stock Market 0.4%Russell 3000 0.4%MSCI World 0.4%MSCI ACWI 0.3%S&P 500 Equal Weight 0.2%
NFLX financial statements
The full income statement, balance sheet, and cash-flow statement for Netflix Inc. (NFLX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 4.29B2024-09 4.27B2024-12 4.28B2025-03 4.26B2025-06 4.25B2025-09 4.24B2025-12 4.22B2026-03 4.21B2026-06 4.16B-3.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 45.2B+15.9% | 39.0B+15.6% | 33.7B+6.7% | 31.6B+6.5% | 29.7B+18.8% | |
| Cost of revenue | 23.3B+10.6% | 21.0B+6.7% | 19.7B+2.9% | 19.2B+10.6% | 17.3B+13.5% | |
| Research & development | 3.39B+15.9% | 2.93B+9.3% | 2.68B-1.3% | 2.71B+19.2% | 2.27B+24.3% | |
| Selling, general & administrative | 1.89B+10.9% | 1.70B-1.1% | 1.72B+9.4% | 1.57B+16.4% | 1.35B+25.6% | |
| General & administrative | 1.89B+10.9% | 1.70B-1.1% | 1.72B+9.4% | 1.57B+16.4% | 1.35B+25.6% | |
| Selling & marketing | 3.30B+13.2% | 2.92B+9.8% | 2.66B+5.0% | 2.53B-0.6% | 2.55B+14.2% | |
| Operating income | 13.3B+27.9% | 10.4B+49.8% | 6.95B+23.5% | 5.63B-9.1% | 6.19B+35.1% | |
| Interest expense | 777M+8.0% | 719M+2.7% | 700M-0.9% | 706M-7.8% | 766M-0.2% | |
| Interest & investment income | — | 294M+4.6% | 281M+368.3% | 60.0M | — | |
| Other non-operating income | 172M-35.4% | 267M+647.0% | -48.8M-114.5% | 337M-18.0% | 411M+166.5% | |
| Pre-tax income | 12.7B+27.7% | 9.97B+60.6% | 6.21B+17.9% | 5.26B-9.9% | 5.84B+82.5% | |
| Income tax | 1.74B+38.9% | 1.25B+57.3% | 797M+3.3% | 772M+6.6% | 724M+65.3% | |
| Net income | 11.0B+26.1% | 8.71B+61.1% | 5.41B+20.4% | 4.49B-12.2% | 5.12B+85.3% | |
| $2.53+27.8% | $1.98+65.0% | $1.20+20.6% | $0.99-11.5% | $1.12+84.9% | ||
| EPS (basic) | $2.58+27.1% | $2.03+66.4% | $1.22+20.8% | $1.01-12.6% | $1.16+84.5% | |
| Weighted-avg shares (basic) | 4.25B-1.1% | 4.30B-2.7% | 4.42B-0.7% | 4.45B+0.3% | 4.43B+0.5% | |
| Weighted-avg shares (diluted) | 4.34B-1.1% | 4.39B-2.3% | 4.49B-0.4% | 4.51B-0.9% | 4.55B+0.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 13.0B-0.6% | 13.1B+32.1% | 9.92B+7.0% | 9.27B+14.8% | 8.07B-17.3% | ||
| Cash & equivalents | 9.03B+15.7% | 7.80B+9.7% | 7.12B+38.3% | 5.15B-14.6% | 6.03B-26.5% | |
| Short-term investments | 28.7M-98.4% | 1.78B+8382.4% | 21.0M-97.7% | 911M | 0.00 | |
| Cash & short-term investments | — | — | 7.14B+17.4% | 6.08B+0.4% | 6.06B | |
| Prepaid expenses | 498M+15.3% | 432M+5.6% | 409M+4.1% | 393M+21.3% | 324M+59.5% | |
| Other current assets | 3.96B+12.5% | 3.52B+26.5% | 2.78B-13.3% | 3.21B+57.1% | 2.04B+31.2% | |
| 55.6B+3.7% | 53.6B+10.1% | 48.7B+0.3% | 48.6B+9.0% | 44.6B+13.5% | ||
| Property, plant & equipment | 2.00B+25.8% | 1.59B+6.9% | 1.49B+6.7% | 1.40B+5.7% | 1.32B+37.8% | |
| Operating lease right-of-use | 2.21B+5.0% | 2.10B+1.2% | 2.08B-6.7% | 2.23B-9.0% | 2.45B+20.1% | |
| Intangible assets | 32.8B+1.0% | 32.5B | — | — | — | |
| Other non-current assets | 7.79B+20.2% | 6.48B+14.5% | 5.66B+9.1% | 5.19B+21.6% | 4.27B+34.6% | |
| 11.0B+2.1% | 10.8B+21.4% | 8.86B+11.7% | 7.93B-6.6% | 8.49B+8.8% | ||
| Accounts payable | 901M+0.1% | 900M+20.4% | 747M+11.3% | 672M-19.8% | 837M+27.6% | |
| Accrued liabilities | 3.22B+49.4% | 2.16B+19.5% | 1.80B+19.1% | 1.51B+4.5% | 1.45B+31.5% | |
| Deferred revenue | 1.78B+16.8% | 1.52B+5.4% | 1.44B+14.1% | 1.26B+4.6% | 1.21B+8.2% | |
| Short-term & current debt | 999M-44.0% | 1.78B+346.3% | 400M | 0.00-100.0% | 700M+40.0% | |
| Current lease liability | 460M+7.5% | 428M+11.8% | 383M+7.7% | 356M+12.9% | 315M+23.0% | |
| 29.0B+0.3% | 28.9B+2.6% | 28.1B+1.2% | 27.8B-3.2% | 28.7B+1.8% | ||
| Long-term debt | 13.5B-2.4% | 13.8B-2.4% | 14.1B-1.5% | 14.4B-2.3% | 14.7B-7.1% | |
| Non-current lease liability | 2.05B+3.5% | 1.98B-3.1% | 2.05B-7.9% | 2.22B-7.7% | 2.41B+23.8% | |
| Operating lease liability (total) | 2.51B+4.2% | 2.41B-0.7% | 2.43B-5.8% | 2.58B-5.3% | 2.72B+23.7% | |
| Other non-current liabilities | 2.96B+15.9% | 2.55B-0.4% | 2.56B+4.5% | 2.45B-0.3% | 2.46B+24.1% | |
| 26.6B+7.6% | 24.7B+20.2% | 20.6B-0.9% | 20.8B+31.1% | 15.8B+43.2% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 7.29B+16.5% | 6.25B+21.5% | 5.15B+10.9% | 4.64B+15.2% | 4.02B+16.7% | |
| Retained earnings | 42.3B+35.1% | 31.3B+38.6% | 22.6B+31.5% | 17.2B+35.4% | 12.7B+67.6% | |
| Treasury stock | 22.4B+69.9% | 13.2B+90.3% | 6.92B+739.9% | 824M+0.0% | 824M | |
| Accumulated other comprehensive income | -580M-260.3% | 362M+261.7% | -224M-3.1% | -217M-436.6% | -40.5M-191.2% | |
| Total liabilities & equity | 55.6B+3.7% | 53.6B+10.1% | 48.7B+0.3% | 48.6B+9.0% | 44.6B+13.5% | |
| Common shares issued | 4.22B-1.3% | 4.28B-1.2% | 4.33B-2.8% | 4.45B+0.3% | 4.44B+0.2% | |
| Common shares outstanding | 4.22B-1.3% | 4.28B-1.2% | 4.33B-2.8% | 4.45B+0.3% | 4.44B+0.2% | |
| Shares outstanding (cover) | 4.22B-1.3% | 4.28B-1.2% | 4.33B-2.8% | 4.45B+0.3% | 4.44B+0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 10.1B+37.9% | 7.36B+1.2% | 7.27B+259.0% | 2.03B+416.1% | 393M-83.8% | ||
| Depreciation & amortization | 333M+1.4% | 329M-7.9% | 357M+6.0% | 337M+61.5% | 208M+80.1% | |
| Share-based compensation | 368M+35.2% | 273M-19.7% | 339M-41.0% | 575M+42.7% | 403M-2.9% | |
| Deferred income taxes | -449M+24.1% | -591M-8.9% | -543M-303.6% | -135M-167.4% | 200M+184.8% | |
| Change in payables | -8.04M-106.6% | 121M+29.8% | 93.5M+159.0% | -159M-209.3% | 145M+448.8% | |
| 1.04B+147.7% | -2.18B-502.7% | 542M+126.1% | -2.08B-55.0% | -1.34B-165.1% | ||
| Capital expenditure | 688M+56.6% | 440M+26.1% | 349M-14.5% | 408M-22.3% | 525M+5.4% | |
| Free cash flow | 9.46B+36.7% | 6.92B-0.1% | 6.93B+327.9% | 1.62B+1326.4% | -132M-106.8% | |
| Acquisitions | 17.2M | 0.00 | 0.00-100.0% | 757M-3.9% | 788M | |
| Purchases of investments | 170M-90.2% | 1.74B+245.1% | 505M-44.6% | 911M | — | |
| Sales/maturities of investments | 1.92B | 0.00-100.0% | 1.40B | 0.00 | — | |
| Other investing activities | — | — | 0.00 | 0.00-100.0% | 26.9M+262.3% | |
| -10.3B-153.9% | -4.07B+31.5% | -5.95B-795.9% | -664M+42.2% | -1.15B-192.9% | ||
| Long-term debt issued | 0.00-100.0% | 1.79B | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 1.83B+358.4% | 400M | 0.00-100.0% | 700M+40.0% | 500M | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 174M-25.9% | |
| Common stock repurchased | 9.13B+45.7% | 6.26B+3.6% | 6.05B | 0.00-100.0% | 600M | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -5.81M+80.5% | -29.7M+60.6% | -75.4M | 0.00 | 0.00 | |
| FX effect on cash | 387M+192.8% | -416M-603.5% | 82.7M+148.6% | -170M-96.1% | -86.7M-340.6% | |
| Net change in cash | 1.23B+78.8% | 689M-64.6% | 1.95B+320.2% | -885M+59.5% | -2.18B-168.3% | |
| Interest paid | 719M+6.5% | 675M-1.5% | 685M-2.4% | 702M-8.1% | 763M+0.1% | |
| Income taxes paid | 2.22B+35.2% | 1.64B+42.2% | 1.16B+42.3% | 812M+59.4% | 509M+74.7% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 396B+3.8% | 381B+78.9% | 213B+62.4% | 131B-50.9% | 267B+11.7% | |
| P/E | 36.0×-17.6% | 43.8×-7.1% | 47.1×+81.0% | 26.0×-50.2% | 52.3×-39.7% | |
| P/S | 8.8×-10.4% | 9.8×+50.2% | 6.5×+56.1% | 4.2×-53.7% | 9.0×-6.0% | |
| P/B | 14.9×-3.5% | 15.4×+59.9% | 9.6×+50.8% | 6.4×-62.1% | 16.9×-22.0% | |
| P/FCF | 41.8×-24.0% | 55.1×+46.7% | 37.5×-79.5% | 183.0× | — | |
| Earnings yield | 2.8%+21.4% | 2.3%+7.6% | 2.1%-44.8% | 3.8%+100.9% | 1.9%+65.9% | |
| FCF yield | 2.4%+31.6% | 1.8%-31.8% | 2.7%+387.5% | 0.55% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: NFLX’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NFLX filings on SEC EDGAR → Not investment advice.