Company / Working Capital
Netflix Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
$2.0B
FY2025
5-year range
-$419.1M / $2.3B
FY2021-FY2025
Trend
-13.0%
vs FY2024
Sector context
#10 of 77
Communication Services
What the data says
Netflix's working capital of $2.0B is higher than 87% of companies in the Communication Services sector (FY2025). Working Capital has fluctuated over the past 10 years, ranging from -$677M in FY2019 to $3.2B in FY2018.
Based on SEC 10-K filings.
$2.0B in FY2025 with a 5-year CAGR of +0.8%. Top quartile in the Communication Services sector.
Improved from $1.1B to $2.0B over the past 2 years.
Communication Services sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- +15.2%
- 5-Year CAGR
- +0.8%
- 10-Year CAGR
- -
Sector benchmark
-2.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +0.8%, indicating consistent growth.
- In FY2025, working capital decreased 13.0% year-over-year.
- Ranks #10 out of 77 companies in the Communication Services sector.
- Peak working capital was recorded in FY2018.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.0B | -13.0% |
| FY2024 | $2.3B | +121.8% |
| FY2023 | $1.1B | -20.8% |
| FY2022 | $1.3B | +418.6% |
| FY2021 | -$419.1M | -121.4% |
| FY2020 | $2.0B | +388.8% |
| FY2019 | -$677.2M | -121.1% |
| FY2018 | $3.2B | +45.5% |
| FY2017 | $2.2B | +94.4% |
| FY2016 | $1.1B | -40.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026