Netflix, Inc. (NFLX) financials
Media & Entertainment · CIK 0001065280 · fiscal years FY2021–FY2025
In fiscal year 2025 (ending Dec 2025), Netflix, Inc. (NFLX) reported $45.18B in revenue and $10.98B in net income, a net profit margin of 24.3%. Revenue changed +15.9% versus FY2024. Operating margin was 29.5%. Over FY2021–FY2025, revenue grew at a 11.1% compound annual rate. All figures are from Netflix, Inc.'s SEC 10-K filings.
Source: SEC EDGAR, CIK 0001065280. Data as of 2026-06-18.
Key ratios (FY2025)
| Metric | Value | Basis |
|---|---|---|
| Net profit margin | 24.3% | Net income ÷ revenue |
| Operating margin | 29.5% | Operating income ÷ revenue |
| R&D intensity | 7.5% | R&D expense ÷ revenue |
| Revenue YoY growth | +15.9% | vs FY2024 |
| Revenue CAGR (4y) | 11.1% | FY2021 → FY2025 |
Source: SEC EDGAR. Data as of 2026-06-18.
Annual financials by fiscal year
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $29.70B | $31.62B | $33.72B | $39.00B | $45.18B |
| Net income | $5.12B | $4.49B | $5.41B | $8.71B | $10.98B |
| Operating income | $6.19B | $5.63B | $6.95B | $10.42B | $13.33B |
| R&D expense | $2.27B | $2.71B | $2.68B | $2.93B | $3.39B |
| Total assets | $44.58B | $48.59B | $48.73B | $53.63B | $55.60B |
| Total liabilities | $28.74B | $27.82B | $28.14B | $28.89B | $28.98B |
| Shareholders' equity | $15.85B | $20.78B | $20.59B | $24.74B | $26.62B |
| Cash & equivalents | $6.03B | $5.15B | $7.12B | $7.80B | $9.03B |
| Diluted EPS | 11.24 | 9.95 | 12.03 | 19.83 | 2.53 |
| Revenue YoY growth | — | +6.5% | +6.7% | +15.6% | +15.9% |
Source: SEC EDGAR — Netflix, Inc. 10-K filings (CIK 0001065280). Data as of 2026-06-18. Revenue concept: Revenues.
How to read these figures
Revenue is the top line; operating income is profit from core operations before interest and tax; net income is the bottom line after every expense. The profit-margin calculator turns these into margins, and the revenue CAGR calculator annualises multi-year growth. For background, see revenue vs operating income vs net income and how to read a 10-K.
Frequently asked questions
What was Netflix, Inc.'s revenue in FY2025?
Netflix, Inc. reported $45.18B in revenue for fiscal year 2025 (period ending Dec 2025), per its SEC 10-K filing. That is +15.9% versus FY2024.
What is Netflix, Inc.'s net profit margin?
In FY2025, Netflix, Inc. earned $10.98B of net income on $45.18B of revenue — a net profit margin of 24.3%.
How fast has Netflix, Inc.'s revenue grown?
Between FY2021 and FY2025, Netflix, Inc.'s revenue grew at a compound annual rate (CAGR) of 11.1%.
Where does this Netflix, Inc. financial data come from?
All figures are taken from Netflix, Inc.'s annual 10-K filings on SEC EDGAR (CIK 0001065280), via the SEC XBRL company facts API. They are factual data, not investment advice — verify on SEC EDGAR before relying on them.
Source & verification
Figures are taken from Netflix, Inc.'s annual 10-K filings on SEC EDGAR (CIK 0001065280), via the EDGAR XBRL company facts API. They are factual data compiled from SEC filings — not investment advice; figures may contain errors or lag the original filing. Verify on SEC EDGAR before relying on them.
Last updated: 2026-06-18