Netflix, Inc. (NFLX) — Financial statements
Income statement, balance sheet, and cash flow for Netflix, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 45,183↑15.9% | 39,001↑15.6% | 33,723↑6.7% | 31,616↑6.5% | 29,698 | |
| Cost of Revenue | 23,275↑10.6% | 21,038↑6.7% | 19,715↑2.9% | 19,168↑10.6% | 17,333 | |
| Gross Profit | 21,908↑22.0% | 17,963↑28.2% | 14,008↑12.5% | 12,447↑0.7% | 12,365 | |
| Operating Expenses | ||||||
| R&D Expenses | 3,391↑15.9% | 2,925↑9.3% | 2,676↓1.3% | 2,711↑19.2% | 2,274 | |
| General & Administrative Expenses | 1,888↑10.9% | 1,702↓1.1% | 1,720↑9.4% | 1,573↑16.4% | 1,352 | |
| Selling & Marketing Expenses | 3,301↑13.2% | 2,918↑9.8% | 2,658↑5.0% | 2,531↓0.6% | 2,545 | |
| SG&A Expenses | 5,190↑12.3% | 4,620↑5.5% | 4,378↑6.7% | 4,103↑5.3% | 3,897 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 8,581↑13.7% | 7,545↑7.0% | 7,054↑3.5% | 6,814↑10.4% | 6,171 | |
| Total Costs & Expenses | 31,856↑11.5% | 28,583↑6.8% | 26,769↑3.0% | 25,983↑10.5% | 23,503 | |
| Operating Results | ||||||
| Operating Income | 13,327↑27.9% | 10,418↑49.8% | 6,954↑23.5% | 5,633↓9.1% | 6,195 | |
| Depreciation & Amortization | 16,756↑7.2% | 15,630↑7.4% | 14,554↑1.3% | 14,363↑15.5% | 12,439 | |
| EBITDA | 30,255↑15.0% | 26,315↑22.3% | 21,508↑5.8% | 20,333↑6.8% | 19,045 | |
| EBIT | 13,499↑26.3% | 10,684↑53.6% | 6,954↑16.5% | 5,970↓9.6% | 6,606 | |
| Interest & Other Income | ||||||
| Net Interest Income | -604↓33.7% | -452↑39.6% | -749↓102.9% | -369↓4.1% | -354 | |
| Interest Income | 172↓35.4% | 267 | 0.00↓100.0% | 337↓18.0% | 411 | |
| Interest Expense | 777↑8.0% | 719↓4.0% | 749↑6.0% | 706↓7.8% | 766 | |
| Non-Operating Income | -172↑35.4% | -267 | 0.00↑100.0% | -337↑18.0% | -411 | |
| Other Income / Expenses | -604↓33.7% | -452↑39.6% | -749↓102.9% | -369↓4.1% | -354 | |
| Income Before Tax | 12,723↑27.7% | 9,966↑60.6% | 6,205↑17.9% | 5,264↓9.9% | 5,840 | |
| Income Tax Expense | 1,741↑38.9% | 1,254↑57.3% | 797↑3.3% | 772↑6.6% | 724 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 10,981↑26.1% | 8,712↑61.1% | 5,408↑20.4% | 4,492↓12.2% | 5,116 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 10,981↑26.1% | 8,712↑61.1% | 5,408↑20.4% | 4,492↓12.2% | 5,116 | |
| Bottom-Line Net Income | 10,981↑26.1% | 8,712↑61.1% | 5,408↑20.4% | 4,492↓12.2% | 5,116 | |
| EPS (Basic) | 2.58↑27.1% | 2.03↑65.0% | 1.23↑21.8% | 1.01↓12.9% | 1.16 | |
| EPS (Diluted) | 2.53↑27.8% | 1.98↑65.0% | 1.20↑20.0% | 1.00↓10.7% | 1.12 | |
| Weighted Average Shares | 4,229↓1.5% | 4,295↓2.7% | 4,416↓0.7% | 4,447↑0.3% | 4,432 | |
| Weighted Average Diluted Shares | 4,317↓1.7% | 4,393↓2.3% | 4,495↓0.4% | 4,513↓0.9% | 4,554 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.