Netflix (NFLX) financial statements
+3648.6%since 2007
- FY2025 revenue
- $45.2B▲ +15.9%
- FY2025 net income
- $11.0B▲ +26.1%
- FY2025 diluted EPS
- $2.53▲ +27.8%
- FY2025 free cash flow
- $9.5B▲ +36.7%
Netflix income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 45,183 | 39,001 | 33,723 |
| Operating income | 13,327 | 10,418 | 6,954 |
| Pretax income | 12,723 | 9,966 | 6,205 |
| Net income | 10,981 | 8,712 | 5,408 |
| Diluted earnings per share | 2.53 | 1.98 | 1.20 |
Netflix balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 9,034 | 7,807 | 7,119 |
| Total assets | 55,597 | 53,630 | 48,732 |
| Total liabilities | 28,982 | 28,887 | 28,144 |
| Total equity | 26,615 | 24,744 | 20,588 |
| Long-term debt | 13,464 | 13,798 | 14,143 |
Netflix cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 10,149 | 7,361 | 7,274 |
| Capital expenditure | -688 | -440 | -349 |
| Free cash flow (derived) | 9,461 | 6,922 | 6,926 |
| Share repurchases | -9,127 | -6,264 | -6,045 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue (derived) | 12,874 | 12,560 | 12,250 | 12,051 |
| Operating income (derived) | 4,459 | 4,193 | 3,957 | 2,957 |
| Net income (derived) | 3,664 | 3,401 | 5,283 | 2,419 |
| Diluted earnings per share | 0.87 | 0.80 | 1.23 | n/a |
| Operating cash flow (derived) | 3,162 | 1,744 | 5,290 | 2,112 |
| Total assets | 58,682 | 58,450 | 61,016 | 55,597 |
Netflix major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Vanguard Capital Management | 7.5% | 316,347,733 | 30 April 2026 |
Netflix 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 21 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 20 October 2026 | 8-K | Current report | Current report |
| 30 July 2026 | 8-K | Current report | Current report |
| 22 July 2026 | 8-K | Current report | Current report |
| 17 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 16 July 2026 | 8-K | Current report | Current report |
| 5 June 2026 | 8-K | Current report | Current report |
| 22 April 2026 | 8-K | Current report | Current report |
Common questions
What was Netflix's revenue in fiscal 2025?
Netflix reported $45.2 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 15.9% from fiscal 2024.
What was Netflix's net income in fiscal 2025?
Netflix reported net income of $11.0 billion for fiscal 2025, the year ended 31 December 2025, up 26.1% from fiscal 2024. Diluted earnings per share were $2.53.
What was Netflix's free cash flow in fiscal 2025?
Netflix had $9.5 billion in free cash flow in fiscal 2025. Operating cash flow was $10.1 billion and capital expenditure was $688 million.
What were Netflix's total assets at the end of fiscal 2025?
Netflix reported total assets of $55.6 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Netflix history do I get?
Every account gets the full history, annual and quarterly, with first reported values and as of dates.
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