NetFlix Inc (NFLX) Financials
Key financial figures for NetFlix Inc (Q3 2026).
Netflix grew Q3 2026 revenue 12% to $12.87B at a 34.6% operating margin, while trimming its 2026 ad revenue expectation to about $2.7B from about $3B. Revenue was $12.87B, up 12% year over year (11% F/X neutral) and in line with the company's own Q3 forecast of $12.86B; operating income was $4.46B (+37%), a 34.6% margin versus 28.2% a year earlier and versus the 33.2% forecast, which management attributes mainly to the timing of expenses. Diluted EPS was $0.87 versus $0.59 in Q3 2025 (+49%) and versus the $0.82 forecast; net income was $3.66B versus $2.55B. On the outlook: Q4 2026: revenue about $13.44B (+11.5% y/y), operating income about $3.5B, operating margin 26.0% (includes about 120 bps of negative impact from recently announced headcount reductions), diluted EPS about $0.67. Full year 2026: revenue about $51.1B (+13%, about 0.2% below the midpoint of the prior $51.0-51.4B range), operating margin 31.5% (unchanged; 31.4% at January 1, 2026 F/X rates; includes about 30 bps of drag from the Q4 headcount reductions), ad revenue about $2.7B (previously about $3B), free cash flow about $12.0B (previously about $12.5B), cash content spend to amortization ratio about 1.1x. Figures are for Q3 2026, as Netflix, Inc. reported them.
- Revenue
- $12.9B
- Net Income
- $3.7B
- EPS
- $0.89
- Total Assets
- $58.7B
- Operating Cash Flow
- $3.2B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $12.9B | $3.7B | $0.87 | 34.63% | $2.9B |
| Q2 FY2026 | $12.6B | $3.4B | $0.80 | 33.38% | $1.5B |
| Q1 FY2026 | $12.2B | $5.3B | $1.23 | 32.3% | $5.1B |
| Q4 FY2025 | $12.1B | $2.4B | $0.56 | 24.54% | $1.9B |
| Q3 FY2025 | $11.5B | $2.5B | $0.59 | 28.22% | $2.7B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $45.2B | $11.0B | $2.53 | 29.49% | $9.5B |
| FY2024 | $39.0B | $8.7B | $1.98 | 26.71% | $6.9B |
| FY2023 | $33.7B | $5.4B | $1.20 | 20.62% | $6.9B |
Frequently asked questions
What was Netflix, Inc.'s revenue last quarter?
Netflix, Inc. reported revenue of $12.87 billion for Q3 FY2026, up 11.8% from the same period a year earlier.
Is Netflix, Inc. profitable?
Yes. Netflix, Inc. reported net income of $3.66 billion for Q3 FY2026, a net margin of 28.46% on revenue.
How has Netflix, Inc.'s margin trended?
Operating margin was 34.63% in Q3 FY2026, compared with 28.22% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Netflix, Inc. generate?
Netflix, Inc. generated free cash flow of $2.88 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for NetFlix Inc on SentiSense, with up to forty quarters and twenty fiscal years of history.