NFLX FINANCIAL STATEMENTS

Netflix Inc — balance sheet, income statement and cash flow trends

NFLXNetflix Inc

🇺🇸 USA · US · Communication Services · Entertainment

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
020 B40 B202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue46.9 B $Gross Profit23 B $ · 49%Operating Income13.9 B $ · 30%Pre-tax Income16.1 B $ · 34%Net Income13.4 B $ · 29%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue46.9 B $+16.7%
Gross Profit23 B $+22.0%
Operating Income13.9 B $+25.2%
EBITDA34.1 B $+27.6%
Net Income13.4 B $+44.3%

Peer Comparison· Entertainment

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
NFLX16.7%49.0%72.7%28.5%
UMG27.5%39.4%27.8%15.0%
NWS-6.2%75.0%16.9%12.9%
Industry median9.0%44.2%17.2%4.7%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
020 B40 B60 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets61 B
  • Equity31.1 B $51%
  • Current Liabilities12.1 B $20%
  • Long-term Liabilities17.8 B $29%

Key Figures

YoY change
Total Assets61 B $+17.1%
Total Liabilities29.9 B $+6.5%
Total Equity31.1 B $+29.5%
Cash & ST Investments12.3 B $+46.9%
Total Debt16.7 B $-3.9%
Net Debt5.1 B $-50.0%

Peer Comparison· Entertainment

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
NFLX1.4153.8%0.1351.0%
UMG0.6375.0%0.5426.0%
NWS1.7033.1%0.4555.3%
Industry median1.1664.9%0.9739.1%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
05 B10 B202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
05 B10 B12.7 B $Operating-225.8 M $Investing-7.5 B $Financing4.9 B $Net Change

Key Figures

YoY change
Operating Cash Flow12.7 B $+59.4%
Capital Expenditures756.1 M $+53.6%
Free Cash Flow11.9 B $+59.7%
Dividends Paid——

Peer Comparison· Entertainment

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
NFLX27.0%25.4%1.6%94.6%
UMG18.7%17.3%0.7%124.7%
NWS9.7%4.7%5.0%75.1%
Industry median15.4%8.1%4.6%140.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.