Netflix Income Statement
NFLX / Communication Services|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Netflix reported $45.2B in revenue and $11.0B in net income for FY2025. Revenue has grown at a 20.8% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Strong profit margin: 24.3%
- Strong return on equity: 42.3%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $45.2B | $39.0B | $33.7B | $25.0B | $20.2B | $15.8B | $11.7B | $8.8B | $11.7B | $5.5B | $6.8B | $5.5B | $3.2B | $3.6B | $3.2B |
| Cost of Revenue | $23.3B | $21.0B | $19.7B | $15.3B | $12.4B | $10.0B | $8.0B | $6.3B | $8.0B | $3.8B | $4.6B | $3.8B | $2.0B | $2.7B | $2.0B |
| Gross Profit | - | - | - | - | - | - | $1.7B | $1.4B | $979.6M | $588.2M | $526.7M | $400.9M | $297.1M | $245.9M | $280.4M |
| SG&A Expense | $1.9B | $1.7B | $1.7B | $1.1B | $914.4M | $630.3M | $431.0M | $315.7M | $431.0M | $269.7M | $407.3M | $269.7M | $148.3M | $139.0M | $148.3M |
| R&D Expense | $3.4B | $2.9B | $2.7B | $1.8B | - | $1.2B | $981.0M | $768.0M | $981.0M | $398.2M | $570.0M | $398.2M | $259.0M | $329.0M | $259.0M |
| Operating Income | $13.3B | $10.4B | $7.0B | $4.6B | $2.6B | $1.6B | $838.7M | $379.8M | $838.7M | $402.6M | $305.8M | $402.6M | $376.1M | $50.0M | $376.1M |
| Interest Expense | - | - | $699.8M | $767.5M | $626.0M | $420.5M | $238.2M | $150.1M | $238.2M | $50.2M | $132.7M | $50.2M | $20.0M | $20.0M | $20.0M |
| Income Tax | $1.7B | $1.3B | $797.4M | $438.0M | $195.3M | $15.2M | -$73.6M | $73.8M | -$73.6M | $82.6M | $19.2M | $82.6M | $133.4M | $13.3M | $133.4M |
| Net Income | $11.0B | $8.7B | $5.4B | $2.8B | $1.9B | $1.2B | $558.9M | $186.7M | $558.9M | $266.8M | $122.6M | $266.8M | $226.1M | $17.2M | $226.1M |
| EPS (Basic) | $1.22 | $10.10 | $11.55 | $6.26 | $4.26 | $2.78 | $1.29 | $0.44 | $0.29 | $0.63 | $0.28 | $0.31 | $4.28 | $3.06 | $2.05 |
| EPS (Diluted) | $1.20 | $9.95 | $11.24 | $6.08 | $4.13 | $2.68 | $1.25 | $0.43 | $0.28 | $0.62 | $0.26 | $0.29 | $4.16 | $2.96 | $1.98 |
| Shares Outstanding | 4.3B | 432.8M | 445.3M | 444.0M | 442.9M | 438.8M | 436.6M | 433.4M | 430.1M | 427.9M | 422.9M | 59.6M | 55.6M | 55.4M | 52.8M |
| Gross Margin | - | - | - | - | - | - | 14.1% | 15.9% | 8.4% | 10.7% | 7.8% | 7.3% | 9.3% | 6.8% | 8.8% |
| Operating Margin | 29.5% | 26.7% | 20.6% | 18.3% | 12.9% | 10.2% | 7.2% | 4.3% | 7.2% | 7.3% | 4.5% | 7.3% | 11.7% | 1.4% | 11.7% |
| Profit Margin | 24.3% | 22.3% | 16.0% | 11.1% | 9.3% | 7.7% | 4.8% | 2.1% | 4.8% | 4.9% | 1.8% | 4.9% | 7.1% | 0.5% | 7.1% |