Netflix, Inc.

NFLX · CIK 0001065280

19 fiscal years · 71 SEC filings · every number carries its receipt

Revenue (FY)

$45.18B15.9%

FY2025

Net income (FY)

$10.98B26.1%

FY2025

Free cash flow (FY)

$9.46B36.7%

FY2025

Diluted EPS (FY)

$2.5327.8%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 37.5× since FY2007 · net margin 5.5% → 24.3%

MarginsNet marginFCF margin

FY2025: net 24.3% · free cash flow 20.9% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $10.15B operating cash − $688.2M capex = $9.46B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 24% (FY2008) → 41% (FY2025) · on assets 19.8%

Balance sheetLiabilitiesEquity

FY2025: $55.60B assets · $28.98B liabilities · $26.62B equity

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	45,183	39,001	33,723	31,616	29,698	24,996	20,156	15,794	11,693	8,831	6,780	5,505
Net income	10,981	8,712	5,408	4,492	5,116	2,761	1,867	1,211	559	187	123	267
Diluted EPS	2.53	1.98	1.20	9.95	11.24	6.08	4.13	2.68	1.25	0.43	0.28	0.62
Diluted shares	4,344	4,393	4,495	451	455	454	452	451	447	439	436	432
Operating cash flow	10,149	7,361	7,274	2,026	393	2,427	(2,887)	(2,680)	(1,786)	(1,474)	(749)	16
Capital expenditures	688	440	349	408	525	498	253	174	173	108	91	70
Free cash flow	9,461	6,922	6,926	1,619	(132)	1,929	(3,140)	(2,854)	(1,959)	(1,582)	(841)	(53)
Cash & equivalents	9,034	7,805	7,117	5,147	6,028	8,206	5,018	3,794	2,823	1,468	1,809	1,114
Total assets	55,597	53,630	48,732	48,595	44,585	39,280	33,976	25,974	19,013	13,587	10,203	7,043
Total liabilities	28,982	28,887	28,144	27,817	28,735	28,215	26,394	20,736	15,431	10,907	7,979	5,185
Shareholders' equity	26,615	24,744	20,588	20,777	15,849	11,065	7,582	5,239	3,582	2,680	2,223	1,858

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.