Company / Capital Expenditures
Netflix Capital Expenditures History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Capital Expenditures
$688.2M
FY2025
5-year range
$253.0M / $688.2M
FY2021-FY2025
Trend
+56.6%
vs FY2024
Sector context
#13 of 67
Communication Services
What the data says
Netflix's capital expenditures of $688M is higher than 81% of companies in the Communication Services sector (FY2025). Capital Expenditures has fluctuated over the past 10 years, ranging from $70M in FY2016 to $688M in FY2025.
Based on SEC 10-K filings.
$688M in FY2025 with a 5-year CAGR of +31.7%. Top quartile in the Communication Services sector.
Improved from $349M to $688M over the past 2 years.
Communication Services sector context is included.
Capital Expenditures over time
Growth rates
- 3-Year CAGR
- +11.4%
- 5-Year CAGR
- +31.7%
- 10-Year CAGR
- -
Sector benchmark
-80.8% below sector average
Key checks
Key Insights
- 5-year CAGR of +31.7%, indicating consistent growth.
- In FY2025, capital expenditures increased 56.6% year-over-year.
- Ranks #13 out of 67 companies in the Communication Services sector.
- Lowest capital expenditures in the period was in FY2016.
Company context
Key Data Points
- Strong profit margin: 24.3%
- Strong return on equity: 42.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Capital ExpendituresValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $688.2M | +56.6% |
| FY2024 | $439.5M | +26.1% |
| FY2023 | $348.6M | -30.0% |
| FY2022 | $497.9M | +96.8% |
| FY2021 | $253.0M | +45.5% |
| FY2020 | $173.9M | +0.4% |
| FY2019 | $173.3M | +61.0% |
| FY2018 | $107.7M | -37.9% |
| FY2017 | $173.3M | +148.5% |
| FY2016 | $69.7M | -23.6% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026