Netflix, Inc.

NFLX · CIK 0001065280

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

Compare NFLX vs DIS →

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

Netflix, Inc.

NFLX · CIK 0001065280

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

Compare NFLX vs DIS →

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