NETFLIX INC

Services-Video Tape Rental·LOS GATOS, CA·FY end 12/31·CIK 1065280

Financials

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$45.2B	$39.0B	$33.7B	$31.6B	$29.7B
Gross Profit	—	—	—	—	—	—
Operating Income	$13.3B	$10.4B	$7.0B	$5.6B	$6.2B
Net Income	$11.0B	$8.7B	$5.4B	$4.5B	$5.1B
Operating CF	$10.1B	$7.4B	$7.3B	$2.0B	$392.6M
Capex	$688.2M	$439.5M	$348.6M	$407.7M	$524.6M
Free Cash Flow	$9.5B	$6.9B	$6.9B	$1.6B	-$132.0M
Buybacks	$9.1B	$6.3B	$6.0B	$0	$600.0M
Dividends	—	—	—	—	—	—

Gross Margin	—	—	—	—	—	—
Operating Margin	29.5%	26.7%	20.6%	17.8%	20.9%
Net Margin	24.3%	22.3%	16.0%	14.2%	17.2%
FCF Margin	20.9%	17.7%	20.5%	5.1%	-0.4%
R&D / Revenue	7.5%	7.5%	7.9%	8.6%	—
Effective Tax	13.7%	12.6%	12.9%	14.7%	12.4%
Debt / Equity	0.51	0.56	0.69	0.69	0.93
Buybacks / FCF	96.5%	90.5%	87.3%	0.0%	-454.6%

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