Netflix, Inc.

NFLXNASDAQ

$66.95

Last price · USD

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Netflix, Inc. income statement

Annual · USD millions except per-share data · 27 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	45,183	39,001	33,723	31,616	29,698	+11.1%
Cost of revenue	23,275	21,038	19,715	19,168	17,333	+7.6%
Gross profit	21,908	17,963	14,008	12,447	12,365	+15.4%
Operating expenses & income
Research & development	3,391	2,925	2,676	2,711	2,274	+10.5%
General & administrative	1,888	1,702	1,720	1,573	1,352	+8.7%
Selling & marketing	3,301	2,918	2,658	2,531	2,545	+6.7%
SG&A (combined)	5,190	4,620	4,378	4,103	3,897	+7.4%
Total operating expenses	8,581	7,545	7,054	6,814	6,171	+8.6%
Cost and expenses	31,856	28,583	26,769	25,983	23,503	+7.9%
Operating income	13,327	10,418	6,954	5,633	6,195	+21.1%
Non-operating & other
Interest income	172	267	0	337	411	-19.5%
Interest expense	777	719	749	706	766	+0.4%
Net interest income	(604)	(452)	(749)	(369)	(354)	—
Non-operating income (excl. interest)	(172)	(267)	0	(337)	(411)	—
Total other income (expenses), net	(604)	(452)	(749)	(369)	(354)	—
Profitability
Depreciation & amortization	16,756	15,630	14,554	14,363	12,439	+7.7%
Income before tax	12,723	9,966	6,205	5,264	5,840	+21.5%
Income tax expense	1,741	1,254	797	772	724	+24.5%
Net income from continuing operations	10,981	8,712	5,408	4,492	5,116	+21.0%
Net income	10,981	8,712	5,408	4,492	5,116	+21.0%
Bottom line net income	10,981	8,712	5,408	4,492	5,116	+21.0%
Additional fields
Ebit	13,499	10,684	6,954	5,970	6,606	+19.6%
Ebitda	30,255	26,315	21,508	20,333	19,045	+12.3%
Eps	$2.58	$2.03	$1.23	$1.01	$1.16	+22.1%
Eps Diluted	$2.53	$1.98	$1.20	$1.00	$1.12	+22.6%
Weighted Average Shs Out	4,229	4,295	4,416	4,447	4,432	-1.2%
Weighted Average Shs Out Dil	4,317	4,393	4,495	4,513	4,554	-1.3%