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Friday 13 November 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.

Revenue
+11.9%
EPS
+48.3%
Free cash flow
+8.38%
Total debt
−12.5%

Quarter to September 2026, against a year earlier

62.45 0.24 −0.38%
Market cap
$257.4B
P/E
17.8×
Fwd P/E
17.7×
Dividend yield
—
F-score
7/9
ROIC
28.9%
Net debt / EBITDA
0.1×
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

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 September 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
Sep 2026 0.4× 10.20%
Jun 2026 0.4× (8.64%)
Mar 2026 0.4× (15.14%)
Dec 2025 0.5× (9.22%)
43 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
DIS The Walt Disney Company compare 0.4×
NFLX Netflix, Inc. 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×
FOX Fox Corporation compare 0.5×
FOXA Fox Corporation compare 0.5×
TKO TKO Group Holdings, Inc. compare 0.6×
SKYD Skydance Corporation compare 1.2×
LYV Live Nation Entertainment, Inc. compare 8.2×
Entertainment industry median 0.5×
Communication Services sector median 0.1×
Market median 0.2×

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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