Netflix, Inc. (NFLX)

Nasdaq: NFLX · Services-Video Tape Rental · Los Gatos, CA · filing with the SEC since 2000

Grade7.9

◀ Past 8.9● Present 7.7▶ Future 7.4

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Jan 23, 2026	Jan 27, 2025	Jan 26, 2024	Jan 26, 2023	Jan 27, 2022	Jan 28, 2021	Jan 29, 2020	Jan 29, 2019	Jan 29, 2018	Jan 27, 2017
Revenue	45,183,036	39,000,966	33,723,297	31,615,550	29,697,844	24,996,056	20,156,447	15,794,341	11,692,713	8,830,669
For lenders
Interest and dividend income	·	294,000	281,000	60,000	·	·	·	·	·	·
Cost of revenue	23,275,329	21,038,464	19,715,368	19,168,285	17,332,683	15,276,319	12,440,213	9,967,538	8,033,000^r	6,257,462^r
Research and development	3,391,390	2,925,295	2,675,758	2,711,041	2,273,885	1,829,600^r	1,673,000	1,218,000^r	981,000^r	768,000^r
Sales and marketing	3,301,306	2,917,554	2,657,883	2,530,502	·	·	·	·	·	·
General and administrative	1,888,408	1,702,039	1,720,285	1,572,891	1,351,621	1,076,486	914,369	630,294	431,043^r	315,663^r
Operating income	13,326,603	10,417,614	6,954,003	5,632,831	6,194,509	4,585,289	2,604,254	1,605,226	838,679	379,793
Interest expense	776,510	718,733	699,826	706,212	765,620	767,499	626,023	420,493	238,204	150,114
Total non-operating income (expense)	172,459	266,776	-48,772	337,310	411,214	-618,441	84,000	41,725	-115,154	30,828
Income before income taxes	12,722,552	9,965,657	6,205,405	5,263,929	5,840,103	3,199,349	2,062,231	1,226,458	485,321	260,507
Income tax expense	1,741,351	1,254,026	797,415	772,005	723,875	437,954	195,315	15,216	-73,608	73,829
Net income	10,981,201	8,711,631	5,407,990	4,491,924	5,116,228	2,761,395	1,866,916	1,211,242	558,929	186,678
Earnings per share, basic	2.58	2.03^r	1.22^r	1.01^b	1.155^b	0.626^b	0.426^b	0.278^b	0.129^b	0.044^b
Earnings per share, diluted	2.53	1.98^r	1.20^r	0.995^b	1.124^b	0.608^b	0.413^b	0.268^b	0.125^b	0.043^b
Weighted average shares, basic	4,249,512	4,295,191^r	4,415,712^r	4,446,980^b	4,431,550^b	4,409,220^b	4,377,990^b	4,353,740^b	4,318,850^b	4,288,220^b
Weighted average shares, diluted	4,343,863	4,392,608^r	4,494,966^r	4,512,900^b	4,553,720^b	4,542,080^b	4,517,650^b	4,512,440^b	4,468,140^b	4,386,520^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 10-for-1 split of Nov 2025.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton NFLX · research, not advice