Netflix, Inc. (NFLX) income statement
NASDAQ · Communication Services · Entertainment · 16,000 employees · CEO Theodore A. Sarandos
- Price
- $62.08 +0.05%
- Market cap
- $258B
- Enterprise value
- $265B
- Last report
- Q3 '26 filed 2026-10-21
- Next report
- 2027-01-19 EPS est. $0.68
Netflix, Inc. (NFLX) reported revenue of $12.9B for Q3 '26 (+11.8% year on year), operating income of $4.46B (34.6% of revenue) and net income of $3.66B. Over the last four quarters revenue was $49.7B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.83B | $9.37B | $9.56B | $9.82B | $10.2B | $10.5B | $11.1B | $11.5B | $12.1B | $12.2B | $12.6B | $12.9B | |
| Cost of revenue | $5.31B | $4.98B | $5.17B | $5.12B | $5.77B | $5.26B | $5.33B | $6.16B | $6.52B | $5.89B | $6.04B | $6.08B | |
| Gross profit | $3.53B | $4.39B | $4.39B | $4.7B | $4.48B | $5.28B | $5.75B | $5.35B | $5.53B | $6.36B | $6.52B | $6.8B | |
| Research & development | $673M | $702M | $711M | $735M | $777M | $823M | $825M | $854M | $890M | $960M | $1.01B | $1.03B | |
| Sales & marketing | $917M | $654M | $644M | $643M | $976M | $688M | $713M | $786M | $1.11B | $842M | $824M | $837M | |
| General & administrative | $439M | $404M | $427M | $417M | $454M | $421M | $441M | $458M | $568M | $603M | $499M | $466M | |
| Operating expenses | $2.03B | $1.76B | $1.78B | $1.8B | $2.21B | $1.93B | $1.98B | $2.1B | $2.57B | $2.4B | $2.33B | $2.34B | |
| Operating income | $1.5B | $2.63B | $2.6B | $2.91B | $2.27B | $3.35B | $3.77B | $3.25B | $2.96B | $3.96B | $4.19B | $4.46B | |
| Interest income | $0 | $155M | $79M | $0 | $54.1M | $50.9M | $39.6M | $36.5M | $45.5M | $2.85B | $51.7M | $43M | |
| Interest expense | $175M | $173M | $168M | $207M | $193M | $184M | $183M | $175M | $234M | $262M | $176M | $185M | |
| Other non-operating income (gains on investments, FX ...) | $124M | -$155M | -$79M | $0 | -$54.1M | -$50.9M | -$39.6M | -$36.5M | -$45.5M | -$2.85B | -$51.7M | -$43M | |
| Total non-operating income | -$348M | -$18M | -$89M | -$207M | -$138M | -$133M | -$143M | -$139M | -$189M | $2.59B | -$124M | -$142M | |
| Income before tax | $1.15B | $2.61B | $2.51B | $2.7B | $2.13B | $3.21B | $3.63B | $3.11B | $2.77B | $6.55B | $4.07B | $4.32B | |
| Income tax | $210M | $282M | $367M | $339M | $266M | $323M | $506M | $562M | $349M | $1.26B | $667M | $653M | |
| Net income | $938M | $2.33B | $2.15B | $2.36B | $1.87B | $2.89B | $3.13B | $2.55B | $2.42B | $5.28B | $3.4B | $3.66B | |
| EPS (basic) | $0.22 | $0.54 | $0.50 | $0.55 | $0.44 | $0.68 | $0.74 | $0.60 | $0.57 | $1.25 | $0.81 | $0.89 | |
| EPS (diluted) | $0.21 | $0.53 | $0.49 | $0.54 | $0.43 | $0.66 | $0.72 | $0.59 | $0.56 | $1.23 | $0.80 | $0.87 | |
| Shares (basic, weighted) | 4.42B | 4.32B | 4.3B | 4.28B | 4.28B | 4.27B | 4.25B | 4.24B | 4.23B | 4.22B | 4.19B | 4.13B | |
| Shares (diluted, weighted) | 4.49B | 4.42B | 4.4B | 4.38B | 4.38B | 4.37B | 4.35B | 4.34B | 4.32B | 4.3B | 4.26B | 4.2B | |
| Depreciation & amortization | $3.84B | $3.76B | $3.85B | $3.78B | $4.24B | $3.9B | $3.91B | $4.09B | $4.85B | $4.32B | $4.41B | $4.34B | |
| EBITDA | $5.21B | $6.55B | $6.53B | $6.69B | $6.57B | $7.3B | $7.73B | $7.37B | $7.85B | $11.1B | $8.66B | $8.84B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.83B | $11.7B | $15.8B | $20.2B | $25B | $29.7B | $31.6B | $33.7B | $39B | $45.2B | |
| Cost of revenue | $6.03B | $7.66B | $9.97B | $12.4B | $15.3B | $17.3B | $19.2B | $19.7B | $21B | $23.3B | |
| Gross profit | $2.8B | $4.03B | $5.83B | $7.72B | $9.72B | $12.4B | $12.4B | $14B | $18B | $21.9B | |
| Research & development | $852M | $1.05B | $1.22B | $1.55B | $1.83B | $2.27B | $2.71B | $2.68B | $2.93B | $3.39B | |
| Sales & marketing | $991M | $1.28B | $2.37B | $2.65B | $2.23B | $2.55B | $2.53B | $2.66B | $2.92B | $3.3B | |
| General & administrative | $578M | $864M | $630M | $914M | $1.08B | $1.35B | $1.57B | $1.72B | $1.7B | $1.89B | |
| Operating expenses | $2.42B | $3.19B | $4.22B | $5.11B | $5.13B | $6.17B | $6.81B | $7.05B | $7.54B | $8.58B | |
| Operating income | $380M | $839M | $1.61B | $2.6B | $4.59B | $6.19B | $5.63B | $6.95B | $10.4B | $13.3B | |
| Interest income | $30.8M | $0 | $41.7M | $84M | $0 | $411M | $337M | $0 | $267M | $172M | |
| Interest expense | $150M | $353M | $420M | $626M | $1.39B | $766M | $706M | $749M | $719M | $777M | |
| Other non-operating income (gains on investments, FX ...) | -$30.8M | $0 | -$41.7M | -$84M | $0 | -$411M | -$337M | $0 | -$267M | -$172M | |
| Total non-operating income | -$119M | -$353M | -$379M | -$542M | -$1.39B | -$354M | -$369M | -$749M | -$452M | -$604M | |
| Income before tax | $261M | $485M | $1.23B | $2.06B | $3.2B | $5.84B | $5.26B | $6.21B | $9.97B | $12.7B | |
| Income tax | $73.8M | -$73.6M | $15.2M | $195M | $438M | $724M | $772M | $797M | $1.25B | $1.74B | |
| Net income | $187M | $559M | $1.21B | $1.87B | $2.76B | $5.12B | $4.49B | $5.41B | $8.71B | $11B | |
| EPS (basic) | $0.04 | $0.13 | $0.28 | $0.43 | $0.63 | $1.16 | $1.01 | $1.23 | $2.03 | $2.58 | |
| EPS (diluted) | $0.04 | $0.13 | $0.27 | $0.41 | $0.61 | $1.12 | $1.00 | $1.20 | $1.98 | $2.53 | |
| Shares (basic, weighted) | 4.29B | 4.32B | 4.35B | 4.38B | 4.41B | 4.43B | 4.45B | 4.42B | 4.3B | 4.23B | |
| Shares (diluted, weighted) | 4.39B | 4.47B | 4.51B | 4.52B | 4.54B | 4.55B | 4.51B | 4.49B | 4.39B | 4.32B | |
| Depreciation & amortization | $4.92B | $6.27B | $7.62B | $9.32B | $10.9B | $12.4B | $14.4B | $14.6B | $15.6B | $16.8B | |
| EBITDA | $5.34B | $7.11B | $9.26B | $12B | $15.5B | $19B | $20.3B | $21.5B | $26.3B | $30.3B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01