Stocks Consumer discretionary NFLX
NASDAQ · Consumer discretionaryNetflix Inc (NFLX)
Netflix Inc brought in $49.7B of revenue over the twelve months to September 30, 2026, up 14.7% from a year earlier. Net income was $14.8B, a net margin of 29.7%. Operating cash flow minus capital spending left $9.5B of free cash flow in fiscal 2025. At September 30, 2026 it held $8.2B in cash against $12.7B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 21, 2026.
Key facts about Netflix Inc
- Net worth
- Netflix Inc has a market value (market cap) of $263.4B at the latest share price, and shareholders' equity of $29.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $45.2B (+15.9% year on year), with net income of $11B. Over the 12 months to September 30, 2026: revenue $49.7B, net income $14.8B.
- Cash flow
- In fiscal 2025 operations brought in $10.1B of cash; after $688.2M of capital spending, free cash flow was $9.5B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 21, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Netflix Inc's next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Netflix Inc does
Netflix operates a subscription video-on-demand streaming service. It produces and licenses television shows, films, and documentaries, and distributes them directly to subscribers across internet-connected devices. The company is known for original series, films, and its digital entertainment platform. Its shares trade on NASDAQ under the ticker NFLX.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $45.2B | $11B | $2.53 | $9.5B |
| 2024 | $39B | $8.7B | $1.98 | $6.9B |
| 2023 | $33.7B | $5.4B | $1.20 | $6.9B |
| 2022 | $31.6B | $4.5B | $0.99 | $1.6B |
| 2021 | $29.7B | $5.1B | $1.12 | -$132M |
| 2020 | $25B | $2.8B | $0.61 | $1.9B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NFLX ranks in Consumer discretionary
Latest SEC filings
What Netflix Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 21, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 12% to $12.9B versus the same quarter last year; diluted EPS $0.87 versus $0.59.
- October 20, 2026
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- July 30, 2026
- July 22, 2026Other event 8-K
- July 17, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 13% to $12.6B versus the same quarter last year; diluted EPS $0.80 versus $0.72.
- July 16, 2026
- June 5, 2026
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- April 23, 2026Other event 8-K
What is NFLX worth? A DCF from its reported cash flow
Insider trades
What the people running Netflix Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3.7M worth of shares in the last 90 days and bought none on the open market. 35% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Neumann Spencer AdamChief Financial Officer | Sold | 9,253 | $612.1K |
| November 4, 2026 | Sarandos Theodore ACo-CEO, Director | Sold | 27,312 | $1.8M |
| November 3, 2026 | Peters Gregory KCo-CEO, Director | Exercised options | 14,018 | - |
| November 3, 2026 | Peters Gregory KCo-CEO, Director | Exercised options | 25,930 | - |
| November 3, 2026 | Peters Gregory KCo-CEO, Director | Exercised options | 14,440 | - |
| November 3, 2026 | Peters Gregory KCo-CEO, Director | Shares withheld for tax | 6,979 | $435.1K |
| November 3, 2026 | Peters Gregory KCo-CEO, Director | Shares withheld for tax | 12,908 | $804.7K |
| November 3, 2026 | Peters Gregory KCo-CEO, Director | Shares withheld for tax | 7,189 | $448.2K |
Who owns NFLX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.49% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 3,374 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 348,770,600 | +2,522,671 |
| Vanguard Capital Management LLC | 275,026,936 | +626,284 |
| State Street Corp | 180,129,582 | +8,474,820 |
| Fmr LLC | 135,937,268 | -68,713,615 |
| Invesco Ltd. | 135,419,167 | +3,959,040 |
| Geode Capital Management, LLC | 110,312,736 | +6,784,150 |
| Morgan Stanley | 99,723,374 | +705,250 |
| Capital World Investors | 87,336,163 | -11,767,389 |
| Vanguard Portfolio Management LLC | 75,056,512 | -342,219 |
| Capital Research Global Investors | 68,701,246 | +655,265 |
| Norges Bank | 57,951,405 | new |
| Alliancebernstein L.P. | 35,069,813 | -1,738,797 |
| Jpmorgan Chase & Co | 44,322,490 | -18,631,906 |
| Northern Trust Corp | 41,814,759 | -825,948 |
| Loomis Sayles & Co L P | 40,017,462 | +2,043,917 |
| Goldman Sachs Group Inc | 38,506,961 | +9,035,453 |
| Bank of America Corp | 37,457,348 | -20,485,464 |
| Charles Schwab Investment Management Inc | 33,723,951 | +2,312,305 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 31,183,400 | -2,674,721 |
| Bank of Montreal | 30,878,034 | +4,299,780 |
Insiders
8 insiders reported holding 21,970,649 shares in total, about $1.39B at the last price.
| Holder | Shares |
|---|---|
| Hastings ReedDirector | 21,163,51621,159,576 held indirectly |
| Hyman David AChief Legal Officer | 316,100 |
| Sarandos Theodore ACo-CEO, Director | 178,954 |
| Peters Gregory KCo-CEO, Director | 146,724 |
| Smith Bradford LDirector | 79,690 |
| Neumann Spencer AdamChief Financial Officer | 73,787 |
| Willems Cletus RChief Global Affairs Officer | 9,418 |
| Barton Richard NDirector | 2,460 |
Questions about NFLX
What does Netflix Inc do?
Netflix operates a subscription video-on-demand streaming service. It produces and licenses television shows, films, and documentaries, and distributes them directly to subscribers across internet-connected devices. The company is known for original series, films, and its digital entertainment platform. Its shares trade on NASDAQ under the ticker NFLX.
What is Netflix Inc's net worth?
Netflix Inc has a market value (market cap) of $263.4B at the latest share price, and shareholders' equity of $29.3B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Netflix Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $14.8B on revenue of $49.7B, a net margin of 29.7%.
How much revenue does Netflix Inc make?
Over the twelve months to September 30, 2026 Netflix Inc reported revenue of $49.7B. That is 14.7% more than a year earlier.
When did Netflix Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 21, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Netflix Inc's next earnings report?
Netflix Inc's next report is expected around January 19, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Netflix Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.