Financials in USD. Standardized financial statements.
A compact view of how Netflix, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $45.18B | $39.00B | $33.72B | $31.62B | $29.70B | $25.00B | $20.16B | $15.79B | $11.69B | $8.83B |
| Revenue Growth? | +15.9% | +15.6% | +6.7% | +6.5% | +18.8% | +24.0% | +27.6% | +35.1% | +32.4% | 0.0% |
| Cost of Revenue? | $23.28B | $21.04B | $19.72B | $19.17B | $17.33B | $15.28B | $12.44B | $9.97B | $7.66B | $6.03B |
| Gross Profit? | $21.91B | $17.96B | $14.01B | $12.45B | $12.37B | $9.72B | $7.72B | $5.83B | $4.03B | $2.80B |
| Gross Margin? | +48.5% | +46.1% | +41.5% | +39.4% | +41.6% | +38.9% | +38.3% | +36.9% | +34.5% | +31.7% |
| Operating Expenses? | $8.58B | $7.54B | $7.05B | $6.81B | $6.17B | $5.13B | $5.11B | $4.22B | $3.19B | $2.42B |
| Operating Income? | $13.33B | $10.42B | $6.95B | $5.63B | $6.19B | $4.59B | $2.60B | $1.61B | $838.68M | $379.79M |
| EBITDA? | $30.25B | $26.31B | $21.51B | $20.33B | $19.04B | $15.51B | $12.01B | $9.26B | $7.11B | $5.34B |
| Income Before Tax | $12.72B | $9.97B | $6.21B | $5.26B | $5.84B | $3.20B | $2.06B | $1.23B | $485.32M | $260.51M |
| Income Tax Expense | $1.74B | $1.25B | $797.41M | $772.00M | $723.88M | $437.95M | $195.31M | $15.22M | -$73.61M | $73.83M |
| Net Income? | $10.98B | $8.71B | $5.41B | $4.49B | $5.12B | $2.76B | $1.87B | $1.21B | $558.93M | $186.68M |
| EPS? | $2.58 | $2.03 | $1.23 | $1.01 | $1.16 | $0.63 | $0.43 | $0.28 | $0.13 | $0.04 |
| Diluted EPS? | $2.53 | $1.98 | $1.20 | $1.00 | $1.12 | $0.61 | $0.41 | $0.27 | $0.13 | $0.04 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality