Netflix Inc (NFLX) financials
Netflix revenue and earnings by year
Netflix's revenue was $45.2 billion in the fiscal year to December 31, 2025, up 15.9% from the year before. Net income was $11.0 billion, 24.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 19.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45.2 | 39.0 | 33.7 | 31.6 | 29.7 | 25.0 | 20.2 | 15.8 | 11.7 | 8.8 |
| Revenue growth | 15.9% | 15.6% | 6.7% | 6.5% | 18.8% | 24.0% | 27.6% | 35.1% | 32.4% | — |
| Gross profit | 21.9 | 18.0 | 14.0 | 12.4 | 12.4 | 9.7 | 7.7 | 5.8 | 3.7 | 2.6 |
| Gross margin | 48.5% | 46.1% | 41.5% | 39.4% | 41.6% | 38.9% | 38.3% | 36.9% | 31.3% | 29.1% |
| Operating income | 13.3 | 10.4 | 7.0 | 5.6 | 6.2 | 4.6 | 2.6 | 1.6 | 0.8 | 0.4 |
| Operating margin | 29.5% | 26.7% | 20.6% | 17.8% | 20.9% | 18.3% | 12.9% | 10.2% | 7.2% | 4.3% |
| Net income | 11.0 | 8.7 | 5.4 | 4.5 | 5.1 | 2.8 | 1.9 | 1.2 | 0.6 | 0.2 |
| Net margin | 24.3% | 22.3% | 16.0% | 14.2% | 17.2% | 11.0% | 9.3% | 7.7% | 4.8% | 2.1% |
| Diluted EPS | $2.53 | $1.98 | $1.20 | $0.99 | $1.12 | $0.61 | $0.41 | $0.27 | $0.13 | $0.04 |
| Free cash flow | 9.5 | 6.9 | 6.9 | 1.6 | -0.1 | 1.9 | -3.1 | -2.9 | -2.0 | -1.7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open NFLX in Markets.
See also: NFLX valuation and P/E history · NFLX returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.