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Netflix, Inc. provides entertainment services worldwide. The company offers television (TV) series, documentaries, feature films, games, and live programming across various genres and languages. It also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $45.2B | $30.3B | $11.0B | $9.5B | 41.3% | 15.9% | 26.1% |
| 2024 | $39.0B | $26.3B | $8.7B | $6.9B | 35.2% | 15.6% | 61.1% |
| 2023 | $33.7B | $21.5B | $5.4B | $6.9B | 26.3% | 6.7% | 20.4% |
| 2022 | $31.6B | $20.3B | $4.5B | $1.6B | 21.6% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 45,183.04 |
| Operating Revenue | 45,183.04 |
| Cost Of Revenue | 23,275.33 |
| Gross Profit | 21,907.71 |
| Operating Expense | 8,581.10 |
| Research And Development | 3,391.39 |
| Selling General And Administration | 5,189.71 |
| Total Expenses | 31,856.43 |
| Operating Income | 13,326.60 |
| Total Operating Income As Reported | 13,326.60 |
| EBITDA | 30,254.62 |
| Normalized EBITDA | 30,254.62 |
| EBIT | 13,499.06 |
| Interest Income | 172.46 |
| Interest Expense | 776.51 |
| Net Interest Income | -604.05 |
| Interest Income Non Operating | 172.46 |
| Interest Expense Non Operating | 776.51 |
| Net Non Operating Interest Income Expense | -604.05 |
| Pretax Income | 12,722.55 |
| Tax Provision | 1,741.35 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | 10,981.20 |
| Net Income From Continuing And Discontinued Operation | 10,981.20 |
| Net Income From Continuing Operation Net Minority Interest | 10,981.20 |
| Net Income | 10,981.20 |
| Net Income Common Stockholders | 10,981.20 |
| Net Income Including Noncontrolling Interests | 10,981.20 |
| Normalized Income | 10,981.20 |
| Diluted NI Availto Com Stockholders | 10,981.20 |
| Basic Average Shares | 4,249.51 |
| Diluted Average Shares | 4,343.86 |
| Reconciled Depreciation | 16,755.56 |
| Reconciled Cost Of Revenue | 23,275.33 |
| General And Administrative Expense | 1,888.41 |
| Other Gand A | 1,888.41 |
| Selling And Marketing Expense | 3,301.31 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Netflix, Inc.this co. | NFLX | $343.4B | 31.27↑ premium | 12.90 | 41.3% | 11.53 |
| T-Mobile US, Inc. | TMUS | $191.6B | 17.43 | 3.24 | 18.6% | 9.77 |
| AppLovin Corporation | APP | $187.7B | 56.32 | 87.95 | 156.2% | 43.36 |
| Verizon Communications Inc. | VZ | $187.4B | 10.91 | 1.79 | 16.4% | 7.33 |
| The Walt Disney Company | DIS | $172.5B |
| - |
| - |
| - |
| - |
| 13.91 |
| 1.57 |
| 11.3% |
| 11.06 |
| AT&T Inc. | T | $158.2B | 7.21 | 1.43 | 19.9% | 5.39 |
| Comcast Corporation | CMCSA | $83.3B | 4.17 | 0.86 | 20.6% | 3.73 |
| Warner Bros. Discovery, Inc. | WBD | $67.7B | 93.11 | 1.88 | 2.0% | 4.50 |
| Electronic Arts Inc. | EA | $51.0B | 57.50 | 7.54 | 13.1% | 31.86 |
| Peer Median | - | 15.67 | 1.84 | 17.5% | 8.55 | |