Netflix, Inc.

NFLX · CIK 0001065280

19 fiscal years · 71 SEC filings · every number carries its receipt

Revenue (FY)

$45.18B15.9%

FY2025

Net income (FY)

$10.98B26.1%

FY2025

Free cash flow (FY)

$9.46B36.7%

FY2025

Diluted EPS (FY)

$2.5327.8%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 37.5× since FY2007 · net margin 5.5% → 24.3%

MarginsNet marginFCF margin

FY2025: net 24.3% · free cash flow 20.9% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $10.15B operating cash − $688.2M capex = $9.46B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 24% (FY2008) → 41% (FY2025) · on assets 19.8%

Balance sheetLiabilitiesEquity

FY2025: $55.60B assets · $28.98B liabilities · $26.62B equity

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022
Revenue	12,250	11,510	11,079	10,543	9,825	9,559	9,370	8,542	8,187	8,162	7,926	7,970
Net income	5,283	2,547	3,125	2,890	2,364	2,147	2,332	1,677	1,488	1,305	1,398	1,441
Diluted EPS	1.23	5.87	7.19	0.66	5.40	4.88	5.28	3.73	3.29	2.88	3.10	3.20
Diluted shares	4,298	434	435	4,370	438	440	442	450	452	452	450	450
Operating cash flow	5,290	2,825	2,423	2,789	2,321	1,291	2,213	1,992	1,440	2,179	557	103
Capital expenditures	196	165	156	128	127	78	76	104	101	62	85	90
Free cash flow	5,094	2,660	2,267	2,661	2,194	1,213	2,137	1,888	1,339	2,117	472	13
Cash & equivalents	12,260	9,287	8,177	7,200	7,457	6,625	7,025	7,353	7,663	6,715	6,114	5,819
Total assets	61,016	54,935	53,100	52,088	52,282	49,099	48,828	49,502	50,817	49,490	47,562	46,351
Total liabilities	29,890	28,981	28,148	28,060	29,561	26,986	27,462	27,394	27,985	27,662	27,034	27,275
Shareholders' equity	31,126	25,954	24,952	24,028	22,721	22,113	21,365	22,108	22,832	21,828	20,528	19,076

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. Quarterly view shows as-reported 10-Q periods; Q4 synthesis ships in Phase 1. See methodology.