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.
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Netflix, Inc. (NFLX) Free cash flow
Netflix, Inc.'s free cash flow for fiscal 2025 was $9.5B, up 36.7% from $6.9B in fiscal 2024. Over the twelve months to 30 June 2026 it was $11.2B. Over the past ten years it has ranged from −$3.1B (fiscal 2019) to $9.5B (fiscal 2025) — the current reading is the highest in ten years. Netflix, Inc. ranks 1st of 51 Entertainment companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $9.5B | 36.68% |
| FY2024 | $6.9B | (0.06%) |
| FY2023 | $6.9B | 327.90% |
| FY2022 | $1.6B | — |
| FY2021 | −$920.3M | — |
| FY2020 | $1.9B | — |
| FY2019 | −$3.1B | — |
| FY2018 | −$2.9B | — |
| FY2017 | −$2.0B | — |
| FY2016 | −$1.7B | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $1.5B | (70.06%) |
| Mar 2026 | $5.1B | 172.08% |
| Dec 2025 | $1.9B | (29.62%) |
| Sep 2025 | $2.7B | 17.34% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| NFLX Netflix, Inc. | $11.2B |
| DIS The Walt Disney Company compare | $8.3B |
| TKO TKO Group Holdings, Inc. compare | $1.7B |
| FOXA Fox Corporation compare | $1.5B |
| FOX Fox Corporation compare | $1.5B |
| LYV Live Nation Entertainment, Inc. compare | $1.4B |
| ROKU Roku, Inc. compare | $709.9M |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | $672.0M |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | $672.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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