Netflix Inc (NFLX) stock
NFLXNasdaqServices-Video Tape RentalFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026Score 21/3028% below fair value
$62.08+0.03 (+0.05%)
Close on Oct 30, 2026Market cap $258.50BP/E 19.5Yield –
Earnings
Netflix's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Jan 19, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$12.90B
+12.1% on a year earlier
Adjusted EPS, Q3 FY2026
$0.87
$5.87 a year earlier
Latest guidance
Issued
Oct 20, 2026 · 8 items
Quarterly results
Revenue and earnings per share from each of Netflix's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Jan 19, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 20, 2026after the close | $12.90B | +12.1% | $0.87 | – | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 16, 2026after the close | $12.60B | +13.7% | $0.80 | – | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 16, 2026after the close | $12.25B | – | $1.23 | – | Release |
| Q4 FY2025ended Dec 31, 2025 | Jan 20, 2026after the close | – | – | $0.56 | – | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 21, 2025after the close | $11.51B | +17.2% | $5.87 | – | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 17, 2025after the close | $11.08B | +15.9% | $7.19 | – | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 17, 2025after the close | – | – | $6.61 | $6.61 | Release |
| Q4 FY2024ended Dec 31, 2024 | Jan 21, 2025after the close | $10.25B | +16.0% | $4.27 | – | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 17, 2024after the close | $9.83B | +15.6% | $5.40 | – | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 18, 2024after the close | $9.56B | +16.6% | $4.88 | – | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 18, 2024after the close | $9.37B | +14.8% | $5.28 | – | Release |
| Q4 FY2023ended Dec 31, 2023 | Jan 23, 2024after the close | $8.83B | +12.5% | $2.11 | – | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 18, 2023after the close | $8.50B | +7.2% | $3.73 | – | Release |
| Q2 FY2023ended Jun 30, 2023 | Jul 19, 2023after the close | $8.20B | +2.9% | $3.29 | – | Release |
| Q1 FY2023ended Mar 31, 2023 | Apr 18, 2023after the close | $8.16B | +3.7% | $2.88 | – | Release |
| Q4 FY2022ended Dec 31, 2022 | Jan 19, 2023after the close | $7.85B | +1.9% | $0.12 | – | Release |
| Q3 FY2022ended Sep 30, 2022 | Oct 18, 2022after the close | $7.93B | +5.7% | $3.10 | – | Release |
| Q2 FY2022ended Jun 30, 2022 | Jul 19, 2022after the close | $7.97B | – | $3.20 | – | Release |
| Q1 FY2022ended Mar 31, 2022 | Apr 19, 2022after the close | $7.87B | – | $3.53 | – | Release |
| Q4 FY2021ended Dec 31, 2021 | Jan 20, 2022after the close | $7.71B | – | $1.33 | – | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 19, 2021after the close | $7.50B | – | $3.19 | – | Release |
| Q2 FY2021ended Jun 30, 2021 | Jul 20, 2021after the close | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | Apr 20, 2021after the close | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Jan 19, 2021after the close | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 20, 2020after the close | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Netflix's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| revenuenon-GAAP | Q4 FY2026 | +11% | – | New | Oct 20, 2026 |
| revenue | Q4 FY2026 | $13.40B | – | New | Oct 20, 2026 |
| operating marginGAAP | Q4 FY2026 | 26% | – | New | Oct 20, 2026 |
| revenue | FY2026 | $51.10B | – | New | Oct 20, 2026 |
| revenuenon-GAAP | FY2026 | +12% | – | New | Oct 20, 2026 |
| revenueGAAP | FY2026 | $51.00B – $51.40B | – | New | Jul 16, 2026 |
| revenue | FY2026 | $50.70B – $51.70B | $50.70B – $51.70B | Reaffirmed | Apr 16, 2026 |
| revenue growthGAAP | FY2026 | +13% – +14% | – | New | Jul 16, 2026 |
| revenue growth | FY2026 | +12% – +14% | – | New | Apr 16, 2026 |
| revenue growth (F/X neutral)non-GAAP | FY2026 | +12% | +11% – +13% | Narrowed | Jul 16, 2026 |
| operating marginGAAP | FY2026 | 31.5% | – | New | Oct 20, 2026 |
| operating marginnon-GAAP | FY2026 | 31.4% | – | New | Oct 20, 2026 |
| operating marginGAAP | FY2026 | 31.5% | – | New | Jul 16, 2026 |
| operating margin | FY2026 | 31.5% | 31.5% | Reaffirmed | Apr 16, 2026 |
| FCFnon-GAAP | FY2026 | $12.00B | – | New | Oct 20, 2026 |
| FCFnon-GAAP | FY2026 | $12.50B | $12.50B | Reaffirmed | Jul 16, 2026 |
Guidance vs results
The last range Netflix gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q3 FY2026 | Revenue growth | +11% | +12.08% | Above range |
| Q2 FY2026 | EPS (GAAP) | $0.78 | $0.80 | Above range |
| Q2 FY2026 | Revenue | $12.57B | $12.60B | Above range |
| Q2 FY2026 | Revenue growth | +12% | +13.73% | Above range |
| Q4 FY2025 | EPS (GAAP) | $5.45 | $0.56 | Below range |
| Q3 FY2025 | Revenue growth | +17% | +17.15% | Above range |
| Q1 FY2025 | EPS (GAAP) | $5.58 | $6.61 | Above range |
| Q4 FY2024 | Revenue growth | +15% | +16.01% | Above range |
| Q3 FY2024 | EPS (GAAP) | $5.10 | $5.40 | Above range |
| Q3 FY2024 | Revenue | $9.73B | $9.83B | Above range |
| Q2 FY2024 | EPS (GAAP) | $4.68 | $4.88 | Above range |
| Q2 FY2024 | Revenue | $9.49B | $9.56B | Above range |
| Q2 FY2024 | Revenue growth | +21% | +16.57% | Below range |
| Q1 FY2024 | EPS (GAAP) | $4.49 | $5.28 | Above range |
| Q1 FY2024 | Revenue | $9.24B | $9.37B | Above range |
| Q1 FY2024 | Revenue growth | +16% | +14.8% | Below range |
| Q4 FY2023 | Revenue | $8.70B | $8.83B | Above range |
| Q4 FY2023 | Revenue growth | +12% | +12.49% | Above range |
| Q3 FY2023 | EPS (GAAP) | $3.52 | $3.73 | Above range |
| Q3 FY2023 | Revenue | $8.50B | $8.50B | Within range |
| Q2 FY2023 | Revenue | $8.20B | $8.20B | Within range |
| Q2 FY2023 | Revenue growth | +6% | +2.89% | Below range |
| Q1 FY2023 | EPS (GAAP) | $2.82 | $2.88 | Above range |
| Q1 FY2023 | Revenue | $8.17B | $8.16B | Below range |
| Q1 FY2023 | Revenue growth | +8% | +3.74% | Below range |
| Q4 FY2022 | Revenue | $7.80B | $7.85B | Above range |
| Q4 FY2022 | Revenue growth | +9% | +1.85% | Below range |
| Q3 FY2022 | EPS (GAAP) | $2.14 | $3.10 | Above range |
| Q3 FY2022 | Revenue | $7.84B | $7.93B | Above range |
| Q2 FY2022 | EPS (GAAP) | $3.00 | $3.20 | Above range |
| Q2 FY2022 | Revenue | $8.05B | $7.97B | Below range |
| Q1 FY2022 | EPS (GAAP) | $2.86 | $3.53 | Above range |
| Q1 FY2022 | Revenue | $7.90B | $7.87B | Below range |
| Q4 FY2021 | EPS (GAAP) | $0.80 | $1.33 | Above range |
| Q4 FY2021 | Revenue | $7.71B | $7.71B | Within range |
Guidance history
Every forecast Netflix put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 20, 2026 | FCF | FY2026 | $12.00B | New |
| Oct 20, 2026 | operating margin | FY2026 | 31.5% | New |
| Oct 20, 2026 | operating margin | FY2026 | 31.4% | New |
| Oct 20, 2026 | operating margin | Q4 FY2026 | 26% | New |
| Oct 20, 2026 | revenue | FY2026 | $51.10B | New |
| Oct 20, 2026 | revenue | Q4 FY2026 | +11% | New |
| Oct 20, 2026 | revenue | Q4 FY2026 | $13.40B | New |
| Oct 20, 2026 | revenue | FY2026 | +12% | New |
| Jul 16, 2026 | FCF | FY2026 | $12.50B | Reaffirmed |
| Jul 16, 2026 | operating margin | FY2026 | 31.5% | New |
| Jul 16, 2026 | revenue | FY2026 | $51.00B – $51.40B | New |
| Jul 16, 2026 | revenue growth (F/X neutral) | Q3 FY2026 | +11% | New |
| Jul 16, 2026 | revenue growth | Q3 FY2026 | +12% | New |
| Jul 16, 2026 | revenue growth (F/X neutral) | FY2026 | +12% | Narrowed |
| Jul 16, 2026 | revenue growth | FY2026 | +13% – +14% | New |
| Apr 16, 2026 | Diluted EPS | Q2 FY2026 | $0.78 | New |
| Apr 16, 2026 | FCF | FY2026 | $12.50B | Raised |
| Apr 16, 2026 | Operating Income | Q2 FY2026 | $4.11B | New |
| Apr 16, 2026 | operating margin | Q2 FY2026 | 32.6% | New |
| Apr 16, 2026 | operating margin | FY2026 | 31.5% | Reaffirmed |
| Apr 16, 2026 | Net Income | Q2 FY2026 | $3.33B | New |
| Apr 16, 2026 | revenue growth (F/X neutral) | FY2026 | +11% – +13% | New |
| Apr 16, 2026 | Revenue | Q2 FY2026 | $12.57B | New |
| Apr 16, 2026 | revenue growth (F/X neutral) | Q2 FY2026 | +12% | New |
| Apr 16, 2026 | revenue growth | Q2 FY2026 | +13% | New |
| Apr 16, 2026 | revenue | FY2026 | $50.70B – $51.70B | Reaffirmed |
| Apr 16, 2026 | revenue growth | FY2026 | +12% – +14% | New |
| Jan 20, 2026 | free cash flow | FY2026 | $11.00B | New |
| Jan 20, 2026 | operating margin | FY2026 | 31.5% | New |
| Jan 20, 2026 | revenue | FY2026 | $50.70B – $51.70B | New |
| Oct 21, 2025 | Diluted EPS | Q4 FY2025 | $5.45 | New |
| Oct 21, 2025 | free cash flow | FY2025 | $9.00B | Raised |
| Oct 21, 2025 | Operating Income | Q4 FY2025 | $2.86B | New |
| Oct 21, 2025 | operating margin | Q4 FY2025 | 23.9% | New |
| Oct 21, 2025 | operating margin | FY2025 | 29% | Lowered |
| Oct 21, 2025 | revenue | FY2025 | $45.10B | New |
| Oct 21, 2025 | revenue growth (F/X neutral basis) | Q4 FY2025 | +16% | New |
| Oct 21, 2025 | Revenue | Q4 FY2025 | $11.96B | New |
| Oct 21, 2025 | revenue growth (F/X neutral basis) | FY2025 | +17% | Raised |
| Jul 17, 2025 | free cash flow forecast | FY2025 | $8.00B – $8.50B | New |
| Jul 17, 2025 | operating margin on a reported basis | FY2025 | 30% | New |
| Jul 17, 2025 | F/X neutral operating margin | FY2025 | 29.5% | New |
| Jul 17, 2025 | operating margin | Q3 FY2025 | 31% | New |
| Jul 17, 2025 | year-over-year growth | FY2025 | +15% – +16% | New |
| Jul 17, 2025 | revenue growth (F/X neutral basis) | Q3 FY2025 | +17% | New |
| Jul 17, 2025 | revenue growth | Q3 FY2025 | +17% | New |
| Jul 17, 2025 | revenue | FY2025 | $44.80B – $45.20B | New |
| Jul 17, 2025 | growth on a F/X neutral basis | FY2025 | +16% – +17% | New |
| Apr 17, 2025 | free cash flow | FY2025 | $8.00B | Reaffirmed |
| Apr 17, 2025 | operating margin | FY2025 | 29% | Reaffirmed |
| Apr 17, 2025 | revenue | FY2025 | $43.50B – $44.50B | Reaffirmed |
| Jan 21, 2025 | Diluted EPS | Q1 FY2025 | $5.58 | New |
| Jan 21, 2025 | FCF | FY2025 | $8.00B | New |
| Jan 21, 2025 | Operating Income | Q1 FY2025 | $2.94B | New |
| Jan 21, 2025 | Operating Margin | Q1 FY2025 | 28.2% | New |
| Jan 21, 2025 | operating margin | FY2025 | 29% | Raised |
| Jan 21, 2025 | revenue growth | Q1 FY2025 | +11% | New |
| Jan 21, 2025 | year-over-year growth | FY2025 | +12% – +14% | New |
| Jan 21, 2025 | revenue | FY2025 | $43.50B – $44.50B | New |
| Jan 21, 2025 | F/X neutral growth | FY2025 | +14% – +17% | New |
| Jan 21, 2025 | Revenue | Q1 FY2025 | $10.42B | New |
| Jan 21, 2025 | F/X neutral revenue growth | Q1 FY2025 | +14% | New |
| Oct 17, 2024 | FCF | FY2024 | $6.00B – $6.50B | Raised |
| Oct 17, 2024 | operating margin | FY2025 | 28% | New |
| Oct 17, 2024 | operating margin | FY2024 | 27% | New |
| Oct 17, 2024 | operating margin | Q4 FY2024 | 22% | New |
| Oct 17, 2024 | revenue growth | Q4 FY2024 | +15% | New |
| Oct 17, 2024 | revenue growth | FY2024 | +15% | Raised |
| Oct 17, 2024 | revenue growth on a F/X neutral basis | Q4 FY2024 | +17% | New |
| Jul 18, 2024 | Diluted EPS | Q3 FY2024 | $5.10 | New |
| Jul 18, 2024 | FCF | FY2024 | $6.00B | Reaffirmed |
| Jul 18, 2024 | Operating Income | Q3 FY2024 | $2.73B | New |
| Jul 18, 2024 | Operating Margin | Q3 FY2024 | 28.1% | New |
| Jul 18, 2024 | operating margin | FY2024 | 26% | Raised |
| Jul 18, 2024 | Revenue | Q3 FY2024 | $9.73B | New |
| Jul 18, 2024 | revenue growth | FY2024 | +14% – +15% | Raised |
| Apr 18, 2024 | Diluted EPS | Q2 FY2024 | $4.68 | New |
| Apr 18, 2024 | free cash flow | FY2024 | $6.00B | Reaffirmed |
| Apr 18, 2024 | Operating Income | Q2 FY2024 | $2.52B | New |
| Apr 18, 2024 | operating margin | FY2024 | 25% | Raised |
| Apr 18, 2024 | Operating Margin | Q2 FY2024 | 26.6% | New |
| Apr 18, 2024 | cash content spend | FY2024 | $17.00B | Reaffirmed |
| Apr 18, 2024 | Net Income | Q2 FY2024 | $2.06B | New |
| Apr 18, 2024 | revenue growth on a F/X neutral basis | Q2 FY2024 | +21% | New |
| Apr 18, 2024 | Revenue | Q2 FY2024 | $9.49B | New |
| Apr 18, 2024 | revenue growth | FY2024 | +13% – +15% | New |
| Apr 18, 2024 | revenue growth | Q2 FY2024 | +16% | New |
| Jan 23, 2024 | Diluted EPS | Q1 FY2024 | $4.49 | New |
| Jan 23, 2024 | FCF | FY2024 | $6.00B | New |
| Jan 23, 2024 | Operating Income | Q1 FY2024 | $2.42B | New |
| Jan 23, 2024 | operating margin | FY2024 | 24% | Raised |
| Jan 23, 2024 | Operating Margin | Q1 FY2024 | 26.2% | New |
| Jan 23, 2024 | Net Income | Q1 FY2024 | $1.98B | New |
| Jan 23, 2024 | Revenue | Q1 FY2024 | $9.24B | New |
| Jan 23, 2024 | revenue | Q1 FY2024 | +16% | New |
| Oct 18, 2023 | free cash flow | FY2023 | $6.50B | Raised |
| Oct 18, 2023 | operating margin | FY2023 | 20% | Raised |
| Oct 18, 2023 | operating margin | FY2024 | 22% – 23% | New |
| Oct 18, 2023 | revenue | Q4 FY2023 | +12% | New |
| Oct 18, 2023 | revenue | Q4 FY2023 | $8.70B | New |
| Jul 19, 2023 | Diluted EPS | Q3 FY2023 | $3.52 | New |
| Jul 19, 2023 | FCF | FY2023 | $5.00B | Raised |
| Jul 19, 2023 | operating income | Q3 FY2023 | $1.90B | New |
| Jul 19, 2023 | operating margin | Q3 FY2023 | 22% | New |
| Jul 19, 2023 | operating margin | FY2023 | 18% – 20% | Reaffirmed |
| Jul 19, 2023 | revenue | Q3 FY2023 | $8.50B | New |
| Apr 18, 2023 | FCF | FY2023 | $3.50B | Raised |
| Apr 18, 2023 | operating income | Q2 FY2023 | $1.60B | New |
| Apr 18, 2023 | operating margin | Q2 FY2023 | 19% | New |
| Apr 18, 2023 | operating margin | FY2023 | 18% – 20% | Lowered |
| Apr 18, 2023 | cash content spend | FY2024 | $17.00B | New |
| Apr 18, 2023 | growth on an F/X neutral basis | Q2 FY2023 | +6% | New |
| Apr 18, 2023 | revenue | Q2 FY2023 | $8.20B | New |
| Jan 19, 2023 | Diluted EPS | Q1 FY2023 | $2.82 | New |
| Jan 19, 2023 | FCF | FY2023 | $3.00B | New |
| Jan 19, 2023 | Operating Income | Q1 FY2023 | $1.63B | New |
| Jan 19, 2023 | Operating Margin | Q1 FY2023 | 19.9% | New |
| Jan 19, 2023 | operating margin target | FY2023 | 18% – 20% | New |
| Jan 19, 2023 | operating margin | FY2023 | 21% – 22% | Raised |
| Jan 19, 2023 | revenue growth | Q1 FY2023 | +8% | New |
| Jan 19, 2023 | Revenue | Q1 FY2023 | $8.17B | New |
| Oct 18, 2022 | FCF | FY2022 | $1.00B | Reaffirmed |
| Oct 18, 2022 | operating margin | Q4 FY2022 | 4% | New |
| Oct 18, 2022 | operating margin forecast | Q4 FY2022 | 10% | New |
| Oct 18, 2022 | operating margin target | FY2022 | 19% – 20% | Reaffirmed |
| Oct 18, 2022 | operating margin target | FY2023 | 19% – 20% | New |
| Oct 18, 2022 | revenue growth | Q4 FY2022 | +9% | New |
| Oct 18, 2022 | revenue | Q4 FY2022 | $7.80B | New |
| Jul 19, 2022 | Diluted EPS | Q3 FY2022 | $2.14 | New |
| Jul 19, 2022 | FCF | FY2022 | $1.00B | New |
| Jul 19, 2022 | Operating Income | Q3 FY2022 | $1.26B | New |
| Jul 19, 2022 | Operating Margin | Q3 FY2022 | 16% | New |
| Jul 19, 2022 | operating margin | FY2022 | 19% – 20% | New |
| Jul 19, 2022 | paid net adds | Q3 FY2022 | 1 | New |
| Jul 19, 2022 | Net Income | Q3 FY2022 | $961.00M | New |
| Jul 19, 2022 | Revenue | Q3 FY2022 | $7.84B | New |
| Apr 19, 2022 | Diluted EPS | Q2 FY2022 | $3.00 | New |
| Apr 19, 2022 | Operating Income | Q2 FY2022 | $1.73B | New |
| Apr 19, 2022 | Operating Margin | Q2 FY2022 | 21.5% | New |
| Apr 19, 2022 | operating margin | FY2022 | 19% – 20% | New |
| Apr 19, 2022 | paid net additions | Q2 FY2022 | -2 | New |
| Apr 19, 2022 | Revenue | Q2 FY2022 | $8.05B | New |
| Jan 20, 2022 | Diluted EPS | Q1 FY2022 | $2.86 | New |
| Jan 20, 2022 | Operating Income | Q1 FY2022 | $1.77B | New |
| Jan 20, 2022 | Operating Margin | Q1 FY2022 | 22.3% | New |
| Jan 20, 2022 | operating margin | FY2022 | 19% – 20% | New |
| Jan 20, 2022 | Global Streaming Paid Memberships | Q1 FY2022 | 224.34 | New |
| Jan 20, 2022 | paid net adds | Q1 FY2022 | 2.5 | Lowered |
| Jan 20, 2022 | Net Income | Q1 FY2022 | $1.30B | New |
| Jan 20, 2022 | Revenue | Q1 FY2022 | $7.90B | New |
| Oct 19, 2021 | Diluted EPS | Q4 FY2021 | $0.80 | New |
| Oct 19, 2021 | Operating Income | Q4 FY2021 | $500.00M | New |
| Oct 19, 2021 | operating margin | Q4 FY2021 | 6.5% | New |
| Oct 19, 2021 | operating margin | FY2021 | 20% | New |
| Oct 19, 2021 | paid net adds | Q4 FY2021 | 8.5 | New |
| Oct 19, 2021 | Revenue | Q4 FY2021 | $7.71B | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Netflix filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Update
- Update
- News
- Results
- Results
- News
- Results
- Results
- Results
- Results
- Results