NFL Netflix NFLX · Nasdaq · Communication
SEC EDGAR ↗ SEC EDGAR Filings checked 23 Oct 2026, 16:23 UTC Financials checked 23 Oct 2026, 16:23 UTC
Some records were last checked more than 24 hours ago. These are the last verified records; check the official source for the latest filings.
Annual reporting period: 2025-01-01 — 2025-12-31 · USD
Annual revenue $45.18B Year over year +15.9%
Annual net income $10.98B Consolidated net income
Annual operating income $13.33B Consolidated basis
Operating margin 29.5% Operating income / revenue
Revenue over time ANNUAL
2016-12-31 · 8,830,669,000 USD
2016 $8.83B
2017-12-31 · 11,692,713,000 USD
2017 $11.69B
2018-12-31 · 15,794,341,000 USD
2018 $15.79B
2019-12-31 · 20,156,447,000 USD
2019 $20.16B
2020-12-31 · 24,996,056,000 USD
2020 $25B
2021-12-31 · 29,697,844,000 USD
2021 $29.7B
2022-12-31 · 31,615,550,000 USD
2022 $31.62B
2023-12-31 · 33,723,297,000 USD
2023 $33.72B
2024-12-31 · 39,000,966,000 USD
2024 $39B
2025-12-31 · 45,183,036,000 USD
2025 $45.18B Each bar is one fiscal year of revenue, ending on the date shown.
Income statement CONSOLIDATED Line 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Revenue $45.18B $39B $33.72B $31.62B $29.7B $25B $20.16B $15.79B $11.69B $8.83B Cost of revenue $23.28B $21.04B $19.72B $19.17B $17.33B $15.28B $12.44B $9.97B $8.03B $6.26B Gross profitcomputed $21.91B $17.96B $14.01B $12.45B $12.37B $9.72B $7.72B $5.83B $3.66B $2.57B Research and development $3.39B $2.93B $2.68B $2.71B $2.27B $1.83B $1.67B $1.22B $981M $768M Selling, general and administrative $1.89B $1.7B $1.72B $1.57B $1.35B $1.08B $914.37M $630.29M $431.04M $315.66M Operating income $13.33B $10.42B $6.95B $5.63B $6.19B $4.59B $2.6B $1.61B $838.68M $379.79M Non-operating income $172.46M $266.78M $-48.77M $337.31M $411.21M $-618.44M $84M $41.73M $-115.15M $30.83M Income tax expense $1.74B $1.25B $797.42M $772.01M $723.88M $437.95M $195.32M $15.22M $-73.61M $73.83M Net income $10.98B $8.71B $5.41B $4.49B $5.12B $2.76B $1.87B $1.21B $558.93M $186.68M Basic EPS 2.58 2.03 1.22 10.10 11.55 6.26 4.26 2.78 1.29 0.44 Diluted EPS 2.53 1.98 1.20 9.95 11.24 6.08 4.13 2.68 1.25 0.43 Diluted shares outstanding 4.34B 4.39B 4.49B 0.45B 0.46B 0.45B 0.45B 0.45B 0.45B 0.44B
Balance sheet CONSOLIDATED Line 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Total assets $55.6B $53.63B $48.73B $48.59B $44.58B $39.28B $33.98B $25.97B $19.01B $13.59B Current assets $13.02B $13.1B $9.92B $9.27B $8.07B $9.76B $6.18B $9.69B $7.67B $5.72B Cash and equivalents $9.03B $7.8B $7.12B $5.15B $6.03B $8.21B $5.02B $3.79B $2.82B $1.47B Short-term investments $28.68M $1.78B $20.97M $911.28M $0M — — — — — Property, plant and equipment $2B $1.59B $1.49B $1.4B $1.32B $960.18M $565.22M $418.28M $319.4M $250.4M Total liabilities $28.98B $28.89B $28.14B $27.82B $28.74B $28.22B $26.39B $20.74B $15.43B $10.91B Current liabilities $10.98B $10.76B $8.86B $7.93B $8.49B $7.81B $6.86B $6.49B $5.47B $4.59B Accounts payable $900.61M $899.91M $747.41M $671.51M $837.48M $656.18M $674.35M $562.99M $359.56M $312.84M Short-term debt $998.87M $1.78B $399.84M $0M $699.82M $499.88M $0M — — — Long-term debt $13.46B $13.8B $14.14B $14.35B $14.69B $15.81B $14.76B $10.36B $6.5B $3.36B Shareholders' equity $26.62B $24.74B $20.59B $20.78B $15.85B $11.07B $7.58B $5.24B $3.58B $2.68B Retained earnings $42.28B $31.3B $22.59B $17.18B $12.69B $7.57B $4.81B $2.94B $1.73B $1.13B
Cash flow statement CONSOLIDATED Line 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Operating cash flow $10.15B $7.36B $7.27B $2.03B $392.61M $2.43B $-2.89B $-2.68B $-1.79B $-1.47B Investing cash flow $1.04B $-2.18B $541.75M $-2.08B $-1.34B $-505.35M $-387.06M $-339.12M $34.33M $49.77M Financing cash flow $-10.35B $-4.07B $-5.95B $-664.25M $-1.15B $1.24B $4.51B $4.05B $3.08B $1.09B Capital expenditure $688.22M $439.54M $348.55M $407.73M $524.59M $497.92M $253.04M $173.95M $173.3M $107.65M Depreciation and amortisation $333.39M $328.91M $356.95M $336.68M $208.41M $115.71M $103.58M $83.16M $71.91M $57.53M Share buybacks $9.13B $6.26B $6.05B $0M $600.02M $0M $0M — — —
Key ratios COMPUTED HERE Line 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Gross margin 48.5% 46.1% 41.5% 39.4% 41.6% 38.9% 38.3% 36.9% 31.3% 29.1% Operating margin 29.5% 26.7% 20.6% 17.8% 20.9% 18.3% 12.9% 10.2% 7.2% 4.3% Net margin 24.3% 22.3% 16.0% 14.2% 17.2% 11.0% 9.3% 7.7% 4.8% 2.1% Return on equity 41.3% 35.2% 26.3% 21.6% 32.3% 25.0% 24.6% 23.1% 15.6% 7.0% Return on assets 19.8% 16.2% 11.1% 9.2% 11.5% 7.0% 5.5% 4.7% 2.9% 1.4% Asset turnover 0.81× 0.73× 0.69× 0.65× 0.67× 0.64× 0.59× 0.61× 0.61× 0.65× Current ratio 1.19× 1.22× 1.12× 1.17× 0.95× 1.25× 0.90× 1.49× 1.40× 1.25× Debt to equity 108.9% 116.7% 136.7% 133.9% 181.3% 255.0% 348.1% 395.8% 430.8% 407.0% Net debt $5.43B $7.78B $7.43B $9.21B $9.37B $8.1B $9.74B $6.57B $3.68B $1.9B Free cash flow $9.46B $6.92B $6.93B $1.62B $-131.98M $1.93B $-3.14B $-2.85B $-1.96B $-1.58B
Amounts are as filed. An em dash means that line was not reported, not that it is nil; rows marked “computed” and the whole key-ratios table are worked out here from those amounts.
About this record 10 fiscal years from 2016 to 2025, covering 30 statement lines, collected from SEC EDGAR. The most recent was confirmed on 2026-01-23.
Its 29.49% operating margin in the latest fiscal year is at or above 73% of the 45 listed companies collected here, closest to Coca-Cola 28.71% and Oracle 30.59%.
1 line here were not reported separately and follow by subtraction from lines that were. They are marked “computed” in the tables.
This page offers no investment view or forecast about Netflix. The amounts are as the company filed them, the ratios follow from those amounts, and no currency is converted.
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