Netflix, Inc.

NasdaqGS:NFLX Stock Report

Market Cap: US$385.6b

Netflix Past Earnings Performance

Past criteria checks 6/6

Netflix has been growing earnings at an average annual rate of 21.9%, while the Entertainment industry saw earnings growing at 21.9% annually. Revenues have been growing at an average rate of 11.6% per year. Netflix's return on equity is 34.2%, and it has net margins of 20.7%.

Key information

21.9%

Earnings growth rate

22.1%

EPS growth rate

Entertainment Industry Growth18.1%
Revenue growth rate11.6%
Return on equity34.2%
Net Margin20.7%
Next Earnings Update21 Jan 2025

Recent past performance updates

Recent updates

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

Dec 13

Should You Be Adding Netflix (NASDAQ:NFLX) To Your Watchlist Today?

Dec 13
Should You Be Adding Netflix (NASDAQ:NFLX) To Your Watchlist Today?

Why We're Not Concerned About Netflix, Inc.'s (NASDAQ:NFLX) Share Price

Dec 01
Why We're Not Concerned About Netflix, Inc.'s (NASDAQ:NFLX) Share Price

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

Nov 18

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

Nov 05

Returns on Capital Paint A Bright Future For Netflix (NASDAQ:NFLX)

Nov 02
Returns on Capital Paint A Bright Future For Netflix (NASDAQ:NFLX)

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

Oct 24

Netflix, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Oct 21
Netflix, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Netflix Q3: Launch Of In-House Advertising Platform By FY 2025 Bodes Well

Oct 18

Netflix: Hidden Assets And Valuation Could Lead To Additional Upside

Oct 11

Netflix: Deep Dive Into Engagement Numbers

Sep 27

Netflix Looks Ready To Move Higher (Technical Analysis)

Sep 21

These 4 Measures Indicate That Netflix (NASDAQ:NFLX) Is Using Debt Safely

Sep 07
These 4 Measures Indicate That Netflix (NASDAQ:NFLX) Is Using Debt Safely

Netflix Stock Hits A New All-Time High, Can The Rally Keep Going?

Aug 22

Netflix's Telecom Alliances: A Game-Changer For Global Market Penetration

Aug 12

Netflix: Strong Q2 Results Do Not Make For A Strong Prospect

Aug 05

Netflix Is An Overvalued Streaming Company

Jul 28

Earnings Summary: Will Netflix Ever Lose The Narrow / No Moat Status?

Jul 22

Earnings Update: Netflix, Inc. (NASDAQ:NFLX) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Jul 20
Earnings Update: Netflix, Inc. (NASDAQ:NFLX) Just Reported Its Second-Quarter Results And Analysts Are Updating Their Forecasts

Netflix: The Winner Of Streaming War 1.0 Goes All-In On Ads

Jul 15

Why We're Not Concerned About Netflix, Inc.'s (NASDAQ:NFLX) Share Price

Jul 11
Why We're Not Concerned About Netflix, Inc.'s (NASDAQ:NFLX) Share Price

Netflix: Ultimate Experience Company

Jul 07

Netflix: Engagement For The Win - Reiterating Buy

Jul 01

Is There Now An Opportunity In Netflix, Inc. (NASDAQ:NFLX)?

Jun 26
Is There Now An Opportunity In Netflix, Inc. (NASDAQ:NFLX)?

Netflix May Be Next For Splitsville

Jun 24

We Like Netflix's (NASDAQ:NFLX) Returns And Here's How They're Trending

Jun 14
We Like Netflix's (NASDAQ:NFLX) Returns And Here's How They're Trending

Netflix Added To Model Portfolio As Investors Buy On Weakness (Technical Analysis)

Jun 05

Do Netflix's (NASDAQ:NFLX) Earnings Warrant Your Attention?

Jun 02
Do Netflix's (NASDAQ:NFLX) Earnings Warrant Your Attention?

Netflix Has Become Too Pricey

May 30

Is Netflix (NASDAQ:NFLX) Using Too Much Debt?

May 21
Is Netflix (NASDAQ:NFLX) Using Too Much Debt?

Heavyweight Showdown Looms As Netflix Muscles In On This Bull Run (Technical Analysis)

May 21

How Netflix Continues To Unlock Shareholder Value

May 14

Results: Netflix, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Apr 20
Results: Netflix, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Netflix: I Am Cashing Out

Apr 20

Netflix: Focus On The Long-Term Story Heading Into Q1

Apr 13

Netflix: Novelty In Content Drives Rich Reinvestment Cycles Of Growth

Apr 03

Getting In Cheap On Netflix, Inc. (NASDAQ:NFLX) Might Be Difficult

Mar 30
Getting In Cheap On Netflix, Inc. (NASDAQ:NFLX) Might Be Difficult

Netflix: More Room To Run With Password Crackdown

Mar 15

Is Netflix, Inc. (NASDAQ:NFLX) Potentially Undervalued?

Mar 06
Is Netflix, Inc. (NASDAQ:NFLX) Potentially Undervalued?

Netflix Stock: A Hold After Recent Surge

Mar 04

Estimating The Fair Value Of Netflix, Inc. (NASDAQ:NFLX)

Feb 23
Estimating The Fair Value Of Netflix, Inc. (NASDAQ:NFLX)

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
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
31 Dec 145,505267877472
30 Sep 145,195232772445
30 Jun 144,892204702419
31 Mar 144,621163680397
31 Dec 134,375112650379

Quality Earnings: NFLX has high quality earnings.

Growing Profit Margin: NFLX's current net profit margins (20.7%) are higher than last year (13.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NFLX's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: NFLX's earnings growth over the past year (71.9%) exceeds its 5-year average (21.9% per year).

Earnings vs Industry: NFLX earnings growth over the past year (71.9%) exceeded the Entertainment industry -13.9%.

Return on Equity

High ROE: NFLX's Return on Equity (34.2%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 05:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Netflix, Inc. is covered by 99 analysts. 44 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