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Netflix NFLX

US equityMarket cap rank #44EntertainmentStreaming Services
$71.80
+$0.44 (+0.61%)
Market open · Sep 24, 2:00 pm ET
After hours $71.47 +0.15%
Open$71.57
Prev close$71.36
Day range$71.21 – $72.04
Volume12.09M
Market cap$298.95B
P/E (TTM)22.6
Dividend yield–

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$12.56B+13.4% YoY
Operating profit$4.19B+11.1% YoY
Net profit$3.40B+8.8% YoY
Diluted EPS$0.80+11.1% YoY
Free cash flow$1.53B-32.7% YoY
Operating cash flow$1.74B

Revenue, last 8 quarters

$9.8BSep '24$10.2BDec '24$10.5BMar '25$11.1BJun '25$11.5BSep '25$12.1BDec '25$12.2BMar '26$12.6BJun '26

Net profit, last 8 quarters

$2.4BSep '24$1.9BDec '24$2.9BMar '25$3.1BJun '25$2.5BSep '25$2.4BDec '25$5.3BMar '26$3.4BJun '26

Diluted EPS by quarter

0.54Sep '240.43Dec '240.66Mar '250.72Jun '250.59Sep '250.56Dec '251.23Mar '260.80Jun '26

Free cash flow by quarter

$2.2BSep '24$1.4BDec '24$2.7BMar '25$2.3BJun '25$2.7BSep '25$1.9BDec '25$5.1BMar '26$1.5BJun '26

Annual revenue

$25.0BFY20$29.7BFY21$31.6BFY22$33.7BFY23$39.0BFY24$45.2BFY25

Profitability & balance sheet

Gross margin49.1%
Operating margin29.7%
Net margin28.2%
Return on equity49.5%
Return on assets24.5%
Return on invested capital27.5%
Current ratio1.14
Liabilities / assets48.4%
Cash & investments$9.13B
Total debt$14.31B
Net cash (debt)-$5.18B
Free cash flow / sales23.1%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $12.56B $12.25B $45.18B $12.05B $11.51B
Total Operating Revenue $12.56B $12.25B $45.18B $12.05B $11.51B
Cost of Revenue $6.04B $5.89B $23.28B $6.52B $6.16B
Gross Profit $6.52B $6.36B $21.91B $5.53B $5.35B
Operating Expense $2.33B $2.40B $8.58B $2.57B $2.10B
Selling and Admin Expenses $1.32B $1.44B $5.19B $1.68B $1.24B
-Selling & Marketing Expense $823.84M $842.22M $3.30B $1.11B $786.30M
-General & Admin Expense $498.85M $602.61M $1.89B $567.80M $457.93M
Research & Development $1.01B $959.70M $3.39B $890.30M $853.58M
Operating Profit $4.19B $3.96B $13.33B $2.96B $3.25B
Net Non-Operating Interest Income (Expense) -$124.02M $2.59B -$604.05M -$188.92M -$138.84M
Non-Operating Interest Income $51.66M $2.85B $172.46M $45.47M $36.46M
Non-Operating Interest Expense $175.69M $262.08M $776.51M $234.40M $175.29M
Pretax Profit $4.07B $6.55B $12.72B $2.77B $3.11B
Tax $667.17M $1.26B $1.74B $349.22M $562.49M
Net Profit $3.40B $5.28B $10.98B $2.42B $2.55B
Profit from Continuing Operations $3.40B $5.28B $10.98B $2.42B $2.55B
Net Income to Parent Company $3.40B $5.28B $10.98B $2.42B $2.55B
Net Income to Common Stockholders $3.40B $5.28B $10.98B $2.42B $2.55B
Basic EPS $0.81 $1.25 $2.58 $0.57 $0.60
Diluted EPS $0.80 $1.23 $2.53 $0.56 $0.59

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $58.45B $61.02B $55.60B $55.60B $54.93B
Total Current Assets $13.85B $17.07B $13.02B $13.02B $12.96B
Cash and Cash Equivalents & Short-Term Investments $9.13B $12.29B $9.06B $9.06B $9.32B
-Cash and Cash Equivalents $9.10B $12.26B $9.03B $9.03B $9.29B
-Short Term Investments $28.68M $28.68M $28.68M $28.68M $37.11M
Receivables $2.00B $2.00B $2.58B $2.58B $1.69B
-Accounts Receivable $2.00B $2.00B $2.03B $2.03B $1.69B
Prepaid Assets $584.53M $601.82M $498.05M $498.05M $467.55M
Other Current Assets $2.14B $2.18B $876.30M $876.30M $1.48B
Total Non-Current Assets $44.60B $43.94B $42.58B $42.58B $41.97B
Net PPE $2.40B $2.15B $2.00B $2.00B $1.84B
-Gross PPE $3.62B $3.30B $3.10B $3.10B $2.88B
-Accumulated Depreciation -$1.22B -$1.16B -$1.10B -$1.10B -$1.05B
Goodwill and Other Intangible Assets $33.84B $33.38B $32.78B $32.78B $32.64B
-Other Intangible Assets $33.84B $33.38B $32.78B $32.78B $32.64B
Other Non-Current Assets $8.36B $8.42B $7.79B $7.79B $7.49B
Total Liabilities $28.30B $29.89B $28.98B $28.98B $28.98B
Total Current Liabilities $12.13B $12.13B $10.98B $10.98B $9.73B
Payables $814.55M $894.68M $900.61M $900.61M $793.23M
-Accounts Payable $814.55M $894.68M $900.61M $900.61M $793.23M
Current Accrued Expenses $3.17B $4.44B $3.22B $3.22B $3.11B
Short-Term Debt and Capital Lease Obligation $2.48B $999.19M $998.87M $998.87M –
-Current Debt $2.48B $999.19M $998.87M $998.87M –
Current Deferred Liabilities $1.80B $1.74B $1.78B $1.78B $1.72B
Other Current Liabilities $3.87B $4.05B $4.08B $4.08B $4.10B
Total Non-Current Liabilities $16.16B $17.76B $18.00B $18.00B $19.25B
Long Term Debt and Capital Lease Obligation $11.83B $13.36B $13.46B $13.46B $14.46B
-Long Term Debt $11.83B $13.36B $13.46B $13.46B $14.46B
Other Non-Current Liabilities $4.34B $4.40B $4.54B $4.54B $4.79B
Total Equity $30.15B $31.13B $26.62B $26.62B $25.95B
Stockholders' Equity $30.15B $31.13B $26.62B $26.62B $25.95B
Capital Stock $7.67B $7.48B $7.29B $7.29B $7.08B
-Common Stock $7.67B $7.48B $7.29B $7.29B $7.08B
Retained Earnings $50.97B $47.56B $42.28B $42.28B $39.86B
Less: Treasury Stock $28.39B $23.68B $22.37B $22.37B $20.27B
Gains/Losses Not Affecting Retained Earnings -$97.12M -$235.03M -$580.38M -$580.38M -$719.26M
-Taxes Receivable – – $552.00M $552.00M –
-Preferred Stock – – $0.00 $0.00 –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.74B $5.29B $10.15B $2.11B $2.83B
Net cash flow from continuing operations $1.74B $5.29B $10.15B $2.11B $2.83B
Net Income from Continuing Operations $3.40B $5.28B $10.98B $2.42B $2.55B
Gain/Loss from Continuing Operations -$8.81M -$10.11M $72.35M -$9.73M -$1.71M
Depreciation & Depletion & Amortization $4.41B $4.32B $16.76B $4.85B $4.09B
Deferred Tax $81.26M $58.82M -$442.06M -$162.91M $20.54M
Other Non-Cash Items -$4.97B -$4.60B -$17.13B -$4.87B -$4.49B
Change in Working Capital -$1.31B $105.30M -$456.22M -$252.36M $575.75M
-Change in Payables and Accrued Expense -$1.41B $1.30B $873.18M $252.78M $846.60M
-Change in Other Current Assets $111.71M -$704.64M -$790.66M -$313.01M -$169.60M
-Change In Other Working Capital -$9.76M -$486.12M -$538.74M -$192.13M -$101.26M
Net cash flow from investing -$218.64M -$781.87M $1.04B -$256.53M $43.87M
Net Cash Flow from Continuing Investing Activities -$218.64M -$781.87M $1.04B -$256.53M $43.87M
Net PPE Purchase and Sale -$218.64M -$196.13M -$688.22M -$239.34M -$164.72M
Net Business Purchase and Sale $0.00 -$585.74M -$17.19M – –
Net Investment Purchase and Sale $0.00 $0.00 $1.75B $0.00 $172.40M
Financing Cash Flow -$4.67B -$1.23B -$10.35B -$2.08B -$1.74B
Net Cash Flow from Continuing Financing Activities -$4.67B -$1.23B -$10.35B -$2.08B -$1.74B
Net Issuance Payments Of Debt $0.00 $0.00 -$1.83B $0.00 $0.00
Net Common Stock Issuance -$4.65B -$1.22B -$8.46B -$2.00B -$1.79B
Net Other Financing Charges -$15.20M -$9.54M -$51.97M -$73.93M $49.64M
Ending Cash Balance $9.10B $12.27B $9.04B $9.04B $9.29B
Net Change in Cash -$3.14B $3.28B $845.34M -$222.30M $1.13B
Beginning Cash Balance $12.27B $9.04B $7.81B $9.29B $8.18B
Effect of Exchange Rate Changes -$19.63M -$49.84M $386.52M -$29.38M -$21.72M
Free Cash Flow $1.53B $5.09B $9.46B $1.87B $2.66B
Net Other Investing Changes – – – – $36.19M
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