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Saturday 24 October 2026 Export NFLX’s income statement to Excel — free account

Netflix, Inc.

NFLX Communication Services Entertainment

Netflix, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $45.2 billion, up 15.9% from fiscal 2024. In the quarter to June 2026, revenue grew 13.4%, EPS grew 10.2%, free cash flow fell 32.7% and total debt fell 18.2%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three.

65.85 1.20 −1.79%
Market cap
$275.3B
P/E
20.4×
Fwd P/E
19.7×
Dividend yield
—
F-score
7/9
Altman Z
10.96
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Netflix, Inc. (NFLX) Debt to equity

Alert me on Debt to equity

Netflix, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 0.4×, down 0.1× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.5× (fiscal 2025) to 2.0× (fiscal 2018) — the current reading is the lowest in ten years. That is below the Entertainment industry median of 0.5× and above the Communication Services sector median of 0.1×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.5× (9.29%)
FY2024 0.6× (18.82%)
FY2023 0.7× (0.55%)
FY2022 0.7× (25.49%)
FY2021 0.9× (35.11%)
FY2020 1.4× (26.61%)
FY2019 1.9× (1.57%)
FY2018 2.0× 8.99%
FY2017 1.8× 44.54%
FY2016 1.3× 17.71%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.4× (8.64%)
Mar 2026 0.4× (15.14%)
Dec 2025 0.5× (9.22%)
Sep 2025 0.6× (3.78%)
42 more quarters

Against its own ten years

Low 0.5× High 2.0×
Ten-year median 1.1×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
ROKU Roku, Inc. compare 0.0×
NFLX Netflix, Inc. 0.4×
DIS The Walt Disney Company compare 0.4×
FWONA Liberty Media Corporation - Liberty Formula One Series A compare 0.5×
FWONK Liberty Media Corporation - Liberty Formula One Series C compare 0.5×
FOXA Fox Corporation compare 0.6×
FOX Fox Corporation compare 0.6×
TKO TKO Group Holdings, Inc. compare 0.6×
LYV Live Nation Entertainment, Inc. compare 12.2×
Entertainment industry median 0.5×
Communication Services sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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