FN2 Earnings Intelligence
Netflix, Inc. cash flow
Netflix, Inc. (NFLX) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $6,027.8 | $5,147.2 | $7,116.9 | $7,804.7 | $9,033.7 | - | - |
| + Debt | $15,392.9 | $14,353.1 | $14,543.3 | $15,582.8 | $14,462.8 | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | $29,697.8 | $31,615.6 | $33,723.3 | $39,001 | $45,183 | $51,032.2 | $56,803 |
| % Growth | 18.8% | 6.5% | 6.7% | 15.6% | 15.9% | 12.9% | 11.3% |
| Gross Profit | $12,365.2 | $12,447.3 | $14,007.9 | $17,962.5 | $21,907.7 | - | - |
| % Margin | 41.6% | 39.4% | 41.5% | 46.1% | 48.5% | - | - |
| EBITDA | $6,402.9 | $5,969.5 | $7,311 | $10,746.5 | $13,660 | - | - |
| % Margin | 21.6% | 18.9% | 21.7% | 27.6% | 30.2% | - | - |
| Net Income | $5,116.2 | $4,491.9 | $5,408 | $8,711.6 | $10,981.2 | - | - |
| % Margin | 17.2% | 14.2% | 16.0% | 22.3% | 24.3% | - | - |
| Diluted EPS | $11.24 | $9.95 | $12.03 | $19.83 | $2.53 | $3.60 | $3.81 |
| % Growth | 84.9% | -11.5% | 20.9% | 64.8% | -87.2% | 42.1% | 6.0% |
| Operating Cash Flow | $392.6 | $2,026.3 | $7,274.3 | $7,361.4 | $10,149.3 | - | - |
| CapEx | $524.6 | $407.7 | $348.6 | $439.5 | $688.2 | - | - |
| Free Cash Flow | -$132 | $1,618.5 | $6,925.7 | $6,921.8 | $9,461.1 | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | $29,697.8 | $31,615.6 | $33,723.3 | $39,001 | $45,183 | $51,032.2 | $56,803 |
| Gross Profit | $12,365.2 | $12,447.3 | $14,007.9 | $17,962.5 | $21,907.7 | - | - |
| EBITDA | $6,402.9 | $5,969.5 | $7,311 | $10,746.5 | $13,660 | - | - |
| Net Income | $5,116.2 | $4,491.9 | $5,408 | $8,711.6 | $10,981.2 | - | - |
| Diluted EPS | $11.24 | $9.95 | $12.03 | $19.83 | $2.53 | $3.60 | $3.81 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $6,027.8 | $5,147.2 | $7,116.9 | $7,804.7 | $9,033.7 |
| Short-term Debt | $699.8 | $0 | $399.8 | $1,784.5 | $998.9 |
| Long-term Debt | $14,693.1 | $14,353.1 | $14,143.4 | $13,798.4 | $13,464 |
| Total Debt | $15,392.9 | $14,353.1 | $14,543.3 | $15,582.8 | $14,462.8 |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $392.6 | $2,026.3 | $7,274.3 | $7,361.4 | $10,149.3 |
| Capital Expenditure | $524.6 | $407.7 | $348.6 | $439.5 | $688.2 |
| Free Cash Flow | -$132 | $1,618.5 | $6,925.7 | $6,921.8 | $9,461.1 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 18.8% | 6.5% | 6.7% | 15.6% | 15.9% |
| Gross Margin | 41.6% | 39.4% | 41.5% | 46.1% | 48.5% |
| EBITDA Margin | 21.6% | 18.9% | 21.7% | 27.6% | 30.2% |
| Net Margin | 17.2% | 14.2% | 16.0% | 22.3% | 24.3% |
| FCF Margin | -0.4% | 5.1% | 20.5% | 17.7% | 20.9% |
| Diluted EPS Growth | 84.9% | -11.5% | 20.9% | 64.8% | -87.2% |