Company / SG&A Expense
Netflix SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$1.9B
FY2025
5-year range
$914.4M / $1.9B
FY2021-FY2025
Trend
+10.9%
vs FY2024
Sector context
#17 of 64
Communication Services
What the data says
At $1.9B, Netflix's sg&a expense ranks #48 of 64 in the Communication Services sector. SG&A Expense has fluctuated over the past 10 years, ranging from $270M in FY2016 to $1.9B in FY2025.
Based on SEC 10-K filings.
$1.9B in FY2025 with a 5-year CAGR of +24.5%.
Increased from $1.7B to $1.9B over the past 2 years.
Communication Services sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +20.6%
- 5-Year CAGR
- +24.5%
- 10-Year CAGR
- -
Sector benchmark
#48 of 64 in Communication ServicesTop 73% of 64This company $1.9B Sector average $3.0B
▼
-36.9% below sector average
Key checks
Key Insights
- 5-year CAGR of +24.5%, indicating consistent growth.
- In FY2025, sg&a expense increased 10.9% year-over-year.
- Ranks #17 out of 64 companies in the Communication Services sector.
- Lowest sg&a expense 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.9B | +10.9% |
| FY2024 | $1.7B | -1.1% |
| FY2023 | $1.7B | +59.8% |
| FY2022 | $1.1B | +17.7% |
| FY2021 | $914.4M | +45.1% |
| FY2020 | $630.3M | +46.2% |
| FY2019 | $431.0M | +36.6% |
| FY2018 | $315.7M | -26.8% |
| FY2017 | $431.0M | +59.8% |
| FY2016 | $269.7M | -33.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026