Netflix, Inc.

NasdaqGS:NFLX Stock Report

Market Cap: US$394.5b

Netflix Past Earnings Performance

Past criteria checks 6/6

Netflix has been growing earnings at an average annual rate of 22.5%, while the Entertainment industry saw earnings growing at 22.2% annually. Revenues have been growing at an average rate of 10.4% per year. Netflix's return on equity is 41.3%, and it has net margins of 24.3%.

Key information

22.52%

Earnings growth rate

23.54%

EPS growth rate

Entertainment Industry Growth18.06%
Revenue growth rate10.39%
Return on equity41.26%
Net Margin24.30%
Next Earnings Update16 Apr 2026

Recent past performance updates

Recent updates

Netflix was right to decline in raising their offer for Warner Brothers

I think everyone who is invested in the American stock market has their eyes on Netflix as of late. Especially after the company declined to raise their offer for Warner Brothers in their bidding war against Paramount Skydance.

Netflix (NFLX): The Discipline Play – Capitalizing on Content Scale and Strategic Restraint

Netflix (NFLX) has proven that in the "Streaming Wars," discipline is just as valuable as content. Following a high-volatility month, the stock surged 12.5% on Friday, February 27, 2026, closing at $95.21 after the company officially walked away from its high-stakes bidding war for Warner Bros.

Netflix: The Four-Day Countdown To Match - Or Walk

Feb 25

Investors Still Waiting For A Pull Back In Netflix, Inc. (NASDAQ:NFLX)

Jul 13
Investors Still Waiting For A Pull Back In Netflix, Inc. (NASDAQ:NFLX)

Does Netflix (NASDAQ:NFLX) Have A Healthy Balance Sheet?

May 28
Does Netflix (NASDAQ:NFLX) Have A Healthy Balance Sheet?

Netflix Investors, You Have Been Warned (Technical Analysis)

Apr 28

Earnings Beat: Netflix, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Apr 22
Earnings Beat: Netflix, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Netflix: A Recession Will Not Take Down This King (Rating Upgrade)

Apr 19

Netflix Q1 Preview: Ad-Tier Faces Its Biggest Test Yet (Rating Downgrade)

Apr 13

Here's Why Netflix (NASDAQ:NFLX) Has Caught The Eye Of Investors

Apr 10
Here's Why Netflix (NASDAQ:NFLX) Has Caught The Eye Of Investors

Netflix: Leading The Streaming Race With Profitability And Global Reach

Mar 21

Netflix: Valuation Looks Better Than You Think

Mar 09

Netflix: More Pain In Store For Bullish Converts

Feb 27

Netflix Is Stronger Than Ever; Here's Why It Still Has Room To Run

Feb 15

Netflix: Leaving The Competition In The Dust

Feb 07
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Narrative update from Richard Bowman

Record quarterly new subscriber addition of 18.9 million (+15.9%)

Netflix: Investments In New Ventures Paying Off

Jan 25

Netflix Is A Buy Ahead Of Q4 Earnings (Rating Upgrade)

Jan 20

Netflix: A Show Of Success, But Wait For The Dip

Jan 13

Netflix's Big 2024 Pivot May Be On The Verge Of Paying Off

Dec 13
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Narrative update from Michael Paige

Continued Solid Member and Revenue Growth, Plus Cost Controls - Upgrading my Valuation. Overall, Netflix had another solid quarter, and is tracking slightly ahead of my estimates. Revenue growth, memb

Netflix: Why I Am Taking Triple-Digit Profits (Rating Downgrade)

Nov 18
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Narrative update from Richard Bowman

Advertising Is Starting To Gain Traction, But There May Be A Lag Before It Translates To Cash Flow.Netflix has managed to keep the momentum going for yet another quarter. Subscriptions and revenue wer

The Ad Advantage: How Netflix's New Strategy Positions It As A Buy

Nov 05

Netflix: Promising Growth Story With Solid Financial Performance, But Overbought Right Now

Oct 24
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Expanding Content And Innovative Engagement Fuels Dynamic Growth Ahead

Netflix's focus on original content, games, and live events aims to enhance engagement and diversify revenue beyond streaming.

Revenue & Expenses Breakdown

How Netflix makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:NFLX Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 2545,18310,9815,1903,391
30 Sep 2543,37910,4314,9383,278
30 Jun 2541,69310,2484,7543,159
31 Mar 2540,1739,2704,6713,046
31 Dec 2439,0018,7124,6202,925
30 Sep 2437,5877,7814,5462,822
30 Jun 2436,3047,0954,5232,744
31 Mar 2434,9326,4354,4802,691
31 Dec 2333,7235,4084,3782,676
30 Sep 2332,7434,5254,2462,676
30 Jun 2332,1264,2464,1502,682
31 Mar 2331,9094,2004,1062,741
31 Dec 2231,6164,4924,1032,711
30 Sep 2231,4735,0444,0702,685
30 Jun 2231,0315,0954,0862,586
31 Mar 2230,4025,0074,0412,406
31 Dec 2129,6985,1163,8972,274
30 Sep 2128,6335,0513,7442,113
30 Jun 2127,5854,3923,5862,003
31 Mar 2126,3923,7593,3591,901
31 Dec 2024,9962,7613,3051,830
30 Sep 2023,8192,8063,4001,752
30 Jun 2022,6282,6813,3881,678
31 Mar 2021,4032,2323,5041,626
31 Dec 1920,1561,8673,5671,545
30 Sep 1918,8761,4143,3391,468
30 Jun 1917,6301,1513,2311,396
31 Mar 1916,6141,2653,1471,312
31 Dec 1815,7941,2113,0001,222
30 Sep 1814,8931,2632,4791,064
30 Jun 1813,8799902,3281,011
31 Mar 1812,7576712,073979
31 Dec 1711,6935591,867954
30 Sep 1710,8844401,9261,005
30 Jun 1710,1903621,833965
31 Mar 179,5103371,699906
31 Dec 168,8311871,413780
30 Sep 168,1761631,458808
30 Jun 167,6251411,342763
31 Mar 167,1641271,280711
31 Dec 156,7801231,231651
30 Sep 156,4411631,178596
30 Jun 156,1121931,082545
31 Mar 155,808237970505

Quality Earnings: NFLX has high quality earnings.

Growing Profit Margin: NFLX's current net profit margins (24.3%) are higher than last year (22.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NFLX's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: NFLX's earnings growth over the past year (26.1%) exceeds its 5-year average (22.5% per year).

Earnings vs Industry: NFLX earnings growth over the past year (26.1%) exceeded the Entertainment industry -4.9%.

Return on Equity

High ROE: NFLX's Return on Equity (41.3%) is considered outstanding.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/29 01:43
End of Day Share Price 2026/03/27 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Netflix, Inc. is covered by 83 analysts. 48 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hannah KleivenArete Research Services LLP
Andrew Charles BealeArete Research Services LLP
Joseph BonnerArgus Research Company