Netflix Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $43.30B | $38.10B | $33.73B | $31.61B | $29.70B | $25.00B | $20.16B | $15.79B |
| UCAN Streaming | $19.10B | $16.82B | $14.87B | $14.08B | $12.97B | $11.46B | $10.05B | $7.65B |
| EMEA Streaming | $13.90B | $12.15B | $10.56B | $9.75B | $9.70B | $7.77B | $5.54B | $4.00B |
| LATAM Streaming | $5.45B | $4.92B | $4.44B | $4.07B | $3.58B | $3.16B | $2.80B | $2.24B |
| APAC Streaming | $4.85B | $4.21B | $3.76B | $3.57B | $3.27B | $2.37B | $1.47B | $1.06B |
| DVD & Other | $0 | $0 | $97.2M | $145.7M | $182.3M | $239.4M | $297.2M | $852.9M |
| Cost of Revenue | $23.28B | $21.04B | $19.72B | $19.17B | $17.33B | $15.28B | $12.44B | $9.97B |
| Gross Profit | $20.02B | $17.06B | $14.01B | $12.45B | $12.36B | $9.72B | $7.72B | $5.83B |
| Gross Margin | 46.2% | 44.8% | 41.5% | 39.4% | 41.6% | 38.9% | 38.3% | 36.9% |
| Operating Expenses | ||||||||
| Research & Development | $3.39B | $2.93B | $2.68B | $2.71B | $2.27B | $1.83B | $1.67B | $1.22B |
| SG&A Expense | $1.89B | $1.70B | $1.72B | $1.57B | $1.35B | $1.08B | $914.4M | $630.3M |
| Operating Income | $13.33B | $10.42B | $6.95B | $5.63B | $6.19B | $4.59B | $2.60B | $1.61B |
| Operating Margin | 30.8% | 27.3% | 20.6% | 17.8% | 20.9% | 18.3% | 12.9% | 10.2% |
| Interest Expense | — | — | $699.8M | $706.2M | $765.6M | $767.5M | $626.0M | $420.5M |
| Pretax Income | $12.72B | $9.97B | $6.21B | $5.26B | $5.84B | $3.20B | $2.06B | $1.23B |
| Income Tax Expense | $1.74B | $1.25B | $797.4M | $772.0M | $723.9M | $438.0M | $195.3M | $15.2M |
| Net Income | $10.98B | $8.71B | $5.41B | $4.49B | $5.12B | $2.76B | $1.87B | $1.21B |
| Net Margin | 25.4% | 22.9% | 16.0% | 14.2% | 17.2% | 11.0% | 9.3% | 7.7% |
| EPS (Basic) | $2.58 | $2.03 | $1.22 | $1.01 | $1.16 | $0.63 | $0.43 | $0.28 |
| EPS (Diluted) | $2.53 | $1.98 | $1.20 | $1.00 | $1.12 | $0.61 | $0.41 | $0.27 |
| Shares Outstanding (Basic) | 4.25B | 4.30B | 4.42B | 4.45B | 4.43B | 4.41B | 4.38B | 4.35B |
| Shares Outstanding (Diluted) | 4.34B | 4.39B | 4.49B | 4.51B | 4.55B | 4.54B | 4.52B | 4.51B |
| Dividends Per Share | — | — | — | — | — | — | — | — |