Company / Total Debt
Netflix Total Debt History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Total Debt
$13.5B
FY2025
5-year range
$13.5B / $14.7B
FY2021-FY2025
Trend
-2.4%
vs FY2024
Sector context
#8 of 55
Communication Services
What the data says
Netflix's total debt of $13.5B is higher than 85% of companies in the Communication Services sector (FY2025). Total Debt has declined for 5 consecutive years, from $21.9B in FY2020 to $13.5B in FY2025.
Based on SEC 10-K filings.
$13.5B in FY2025 with a 5-year CAGR of -9.2%. Top quartile in the Communication Services sector.
Improved from $14.1B to $13.5B over the past 2 years.
Communication Services sector context is included.
Total Debt over time
Growth rates
- 3-Year CAGR
- -2.1%
- 5-Year CAGR
- -9.2%
- 10-Year CAGR
- -
Sector benchmark
+17.8% above sector average
Key checks
Key Insights
- Netflix's total debt has declined for 5 consecutive years.
- 5-year CAGR of -9.2%, indicating a declining trend.
- In FY2025, total debt decreased 2.4% year-over-year.
- Ranks #8 out of 55 companies in the Communication Services sector.
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 | Total DebtValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $13.5B | -2.4% |
| FY2024 | $13.8B | -2.4% |
| FY2023 | $14.1B | -1.5% |
| FY2022 | $14.4B | -2.3% |
| FY2021 | $14.7B | -32.8% |
| FY2020 | $21.9B | +5.5% |
| FY2019 | $20.7B | +39.3% |
| FY2018 | $14.9B | +64.4% |
| FY2017 | $9.0B | +169.0% |
| FY2016 | $3.4B | +41.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026