Netflix

NFLX · NASDAQ · USD

$67.06−1.16%−$0.79

Close · October 2, 2026

At a glance

Revenue growth: +15.85%; 2025 vs 2024
Net income growth: +26.05%; 2025 vs 2024
Net margin: 24.3%; 2024: 22.3%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	45,183	39,001	33,723	31,616	29,698	24,996	20,156	15,794	11,693	8,831
Cost of revenue	23,275	21,038	19,715	19,168	17,333	15,276	12,440	9,968	8,033	6,257
Gross profit	21,908	17,963	14,008	12,447	12,365	9,720	7,716	5,827	3,660	2,573
Selling, general and administrative	5,190	4,620	4,378	4,103	3,897	3,305	3,567	3,000	1,867	1,413
Research and development	3,391	2,925	2,676	2,711	2,274	1,830	1,545	1,222	954	780
Operating income	13,327	10,418	6,954	5,633	6,195	4,585	2,604	1,605	839	380
EBIT	13,327	10,418	6,954	5,633	6,195	4,585	2,604	1,605	839	380
EBITDA	13,660	10,747	7,311	5,970	6,403	4,701	2,708	1,688	911	437
Interest expense	777	719	700	706	766	767	626	420	238	150
Pre-tax income	12,723	9,966	6,205	5,264	5,840	3,199	2,062	1,226	485	261
Income tax	1,741	1,254	797	772	724	438	195	15.2	-73.6	73.8
Net income	10,981	8,712	5,408	4,492	5,116	2,761	1,867	1,211	559	187
Net income to common shareholders	10,981	8,712	5,408	4,492	5,116	2,761	1,867	1,211	559	187
Basic EPS	2.58	2.03	1.22	1.01	1.15	0.63	0.43	0.28	0.13	0.04
Diluted EPS	2.53	1.98	1.20	1.00	1.12	0.61	0.41	0.27	0.13	0.04
Average shares (basic)	4,250	4,295	4,416	4,447	4,432	4,409	4,378	4,354	4,319	4,288
Average shares (diluted)	4,344	4,393	4,495	4,513	4,554	4,542	4,518	4,512	4,468	4,387