Also trades as: NFLX.TO (TSX) · $vol 4M · NFC.DE (XETRA) · $vol 2M · NFLX.NE (NEO) · $vol 1M

$62.52

-1.38 (-2.16%)

After Hours: $62.55 (+0.02, +0.04%)

Weekly Expected Move ±5.0%

$59 $63 $66 $69 $72

NASDAQ · Communication Services · Entertainment · Tech Score Strong Sell · Power 38 · $260.3B mcap · 4.08B float · 1.000% daily turnover · Short 31% of daily vol

Credit Risk of going bust: lower than 81% of companies Debt: 5.4% of company value Bonds: $431.4M held by 256 funds, 49 bp over Treasuries → details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.33 (down 99.5%), Netflix, Inc. would be worth roughly what it owes.
Total debt $15.13B against a stock market value of $266.08B.
Distance to default 9.87 (Merton model): prices to 2026-10-26, balance sheet 2026-09-30, debt counted $8.80B (short-term plus half of long-term), stock volatility 35.8%; Altman Z'' 6.31. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$45.2B +15.9% ▲

5Y CAGR: +12.6%

Gross Profit

$21.9B +22.0% ▲

5Y CAGR: +17.6%

Operating Income

$13.3B +27.9% ▲

5Y CAGR: +23.8%

Net Income

$11.0B +26.1% ▲

5Y CAGR: +31.8%

EPS (Diluted)

$2.53 +27.8% ▲

5Y CAGR: +33.0%

EBITDA

$30.3B +15.0% ▲

5Y CAGR: +14.3%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$29.7B	$31.6B	$33.7B	$39.0B	$45.2B
YoY Growth	+18.8%	+6.5%	+6.7%	+15.6%	+15.9%
Cost of Revenue	$17.3B	$19.2B	$19.7B	$21.0B	$23.3B
Gross Profit	$12.4B	$12.4B	$14.0B	$18.0B	$21.9B
Gross Margin	41.6%	39.4%	41.5%	46.1%	48.5%
R&D Expenses	$2.3B	$2.7B	$2.7B	$2.9B	$3.4B
SG&A Expenses	$3.9B	$4.1B	$4.4B	$4.6B	$5.2B
Operating Expenses	$6.2B	$6.8B	$7.1B	$7.5B	$8.6B
Operating Income	$6.2B	$5.6B	$7.0B	$10.4B	$13.3B
Operating Margin	20.9%	17.8%	20.6%	26.7%	29.5%
Interest Expense	$766M	$706M	$749M	$719M	$777M
Income Before Tax	$5.8B	$5.3B	$6.2B	$10.0B	$12.7B
Tax Expense	$724M	$772M	$797M	$1.3B	$1.7B
Net Income	$5.1B	$4.5B	$5.4B	$8.7B	$11.0B
Net Margin	17.2%	14.2%	16.0%	22.3%	24.3%
EPS (Diluted)	$1.12	$0.99	$1.20	$1.98	$2.53
EBITDA	$19.0B	$20.3B	$21.5B	$26.3B	$30.3B
Shares Outstanding	4.55B	4.51B	4.49B	4.39B	4.32B

Line Item	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3
Revenue	$10.2B	$10.5B	$11.1B	$11.5B	$12.1B	$12.2B	$12.6B	$12.9B
Cost of Revenue	$5.8B	$5.3B	$5.3B	$6.2B	$6.5B	$5.9B	$6.0B	$6.1B
Gross Profit	$4.5B	$5.3B	$5.8B	$5.3B	$5.5B	$6.4B	$6.5B	$6.8B
Gross Margin	43.7%	50.1%	51.9%	46.4%	45.9%	51.9%	51.9%	52.8%
R&D Expenses	$777M	$823M	$825M	$854M	$890M	$960M	$1.0B	$1.0B
SG&A Expenses	$1.4B	$1.1B	$1.2B	$1.2B	$1.7B	$1.4B	$1.3B	$1.3B
Operating Expenses	$2.2B	$1.9B	$2.0B	$2.1B	$2.6B	$2.4B	$2.3B	$2.3B
Operating Income	$2.3B	$3.3B	$3.8B	$3.2B	$3.0B	$4.0B	$4.2B	$4.5B
Operating Margin	22.2%	31.7%	34.1%	28.2%	24.5%	32.3%	33.4%	34.6%
Interest Expense	$193M	$184M	$183M	$175M	$234M	$262M	$176M	$185M
Income Before Tax	$2.1B	$3.2B	$3.6B	$3.1B	$2.8B	$6.5B	$4.1B	$4.3B
Tax Expense	$266M	$323M	$506M	$562M	$349M	$1.3B	$667M	$653M
Net Income	$1.9B	$2.9B	$3.1B	$2.5B	$2.4B	$5.3B	$3.4B	$3.7B
Net Margin	18.2%	27.4%	28.2%	22.1%	20.1%	43.1%	27.1%	28.5%
EPS (Diluted)	$0.43	$0.66	$0.72	$0.59	$0.56	$1.23	$0.80	$0.87
EBITDA	$6.6B	$7.3B	$7.7B	$7.4B	$7.9B	$11.1B	$8.7B	$8.8B
Shares Outstanding	4.38B	4.37B	4.36B	4.34B	4.32B	4.30B	4.26B	4.20B

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