Netflix, Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, Netflix, Inc. reported net income of $10.98B on revenue of $45.18B. Operating cash flow was $10.15B and capital expenditures were $688.22M, leaving $9.46B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.83B | $11.69B | $15.79B | $20.16B | $25.00B | $29.70B | $31.62B | $33.72B | $39.00B | $45.18B |
| Operating income | $379.79M | $838.68M | $1.61B | $2.60B | $4.59B | $6.19B | $5.63B | $6.95B | $10.42B | $13.33B |
| Net income | $186.68M | $558.93M | $1.21B | $1.87B | $2.76B | $5.12B | $4.49B | $5.41B | $8.71B | $10.98B |
| Diluted EPS | $0.43 | $1.25 | $2.68 | $4.13 | $6.08 | $11.24 | $9.95 | $1.20 | $1.98 | $2.53 |
| Operating cash flow | −$1.47B | −$1.79B | −$2.68B | −$2.89B | $2.43B | $392.61M | $2.03B | $7.27B | $7.36B | $10.15B |
| Capital expenditures | $107.65M | $173.30M | $173.95M | $253.03M | $497.92M | $524.59M | $407.73M | $348.55M | $439.54M | $688.22M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 29.5% | 24.3% |
| Dec 2024 | — | 26.7% | 22.3% |
| Dec 2023 | — | 20.6% | 16.0% |
| Dec 2022 | — | 17.8% | 14.2% |
| Dec 2021 | — | 20.9% | 17.2% |
Source: SEC EDGAR XBRL company facts for CIK 1065280 (raw data). Most recent filing in this dataset: 10-Q filed Oct 21, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.