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MARKETS / NASDAQ / NFLX
NASDAQ · SERVICES-VIDEO TAPE RENTAL · LARGE CAP

Netflix Inc. NFLX

19 fiscal years on record · USD · FY2025 reported · SEC filings only
$45.2B
▲ 15.9% YoY
$11.0B
▲ 26.1% YoY
$9.5B
▲ 36.7% YoY
In brief

What this company does

Netflix offers TV series, films, games and live programming across a wide variety of genres and languages. It obtains content for its service both as licensed content and through original content projects. Its ability to provide members with content they can watch depends on studios, content providers and other rights holders licensing rights, including distribution rights, to such content. As of December 31, 2025 the company had approximately 16,000 full-time employees, of whom 10,900 were located in the United States and Canada, 2,500 in Europe, the Middle East and Africa, 1,900 in Asia-Pacific and 700 in Latin America. It operates as one operating segment. Revenues are derived primarily from monthly membership fees for services related to streaming content to its members.

Written from the business description in NETFLIX INC's annual report to the U.S. Securities and Exchange Commission, filed 23 January 2026. Every sentence was checked against that document before publication.

Growth
USD 45.2B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 45.2 · Net income 11.0
20B40B2007201020132016201920222025
Compound annual growth
+12.6%
+12.6%
+20.9%
+22.5%
+34.7%
+31.8%
+56.7%
+32.5%
+27.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.6% a year over five years — but profit grew faster: net income at +31.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
24 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 29.5% · Net 24.3%
10%20%2007201020132016201920222025
ROE
FY2025 · ROE 42.8%
20%40%60%2007201020132016201920222025

Each USD of equity produced 43 cents of profit this year.

Cash & shareholders
USD 8.5B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 9.5
4B8B-2B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 8.5
4B8B20072009201120132020202220242025

USD 8.5B in buybacks — 77% of the year's profit went back to shareholders.

Total assetsUSD 55.6B
EquityUSD 26.6B
CashUSD 9.0B
Gross debtUSD 14.5B
Net debtUSD 5.4B
Current ratio1.19×

Net debt stands at 20% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B45.239.033.731.629.725.020.215.811.78.86.85.54.43.63.22.21.71.41.2
Operating income $B13.310.47.05.66.24.62.61.60.80.40.30.40.20.00.40.30.20.10.1
EBITDA $B13.710.77.36.06.44.72.71.70.90.40.40.50.30.10.4····
Income tax $B1.71.30.80.80.70.40.20.0−0.10.10.00.10.10.00.10.10.10.00.0
Net income $B11.08.75.44.55.12.81.91.20.60.20.10.30.10.00.20.20.10.10.1
Free cash flow $B9.56.96.91.6−0.11.9−3.1−2.9−2.0−1.6−0.8−0.10.0−0.00.30.20.30.20.2
EPS, diluted $2.531.981.209.9511.246.084.132.681.250.430.280.620.260.294.162.961.981.320.97
Dividend / sh $···················
Payout %···················
ROE %42.838.426.124.538.029.629.127.517.97.66.016.710.82.548.565.742.421.415.5
Shares out B4.224.280.430.450.440.440.440.440.430.430.430.420.060.060.060.050.050.06·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 79 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Video Tape Rental
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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