NETFLIX INC

NFLX 10-Q · Q1 2026

NFLX Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 12,249,757 10,542,801 +16.2%
Show Product Lines breakouts
Streaming · Asia Pacific 1,508,982 1,259,093 +19.8%
Streaming · EMEA 3,998,419 3,404,676 +17.4%
Streaming · Latin America 1,497,058 1,261,934 +18.6%
Streaming · United States and Canada 5,245,298 4,617,098 +13.6%
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Reportable Segment 12,249,757 10,542,801 +16.2%
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US 4.9 4.3 +14.0%
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Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -132,517 164,796 -180.4%
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Reclassification Out Of Accumulated Other Comprehensive Income -132,517 164,796 -180.4%
Cost of Revenue 5,888,238 5,263,147 +11.9%
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Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -904 2,339 -138.6%
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Reclassification Out Of Accumulated Other Comprehensive Income -904 2,339 -138.6%
Sales & Marketing 842,217 688,370 +22.3%
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Reportable Segment 842,217 688,370 +22.3%
Research & Development 959,696 822,823 +16.6%
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Reportable Segment 959,696 822,823 +16.6%
General & Administrative 602,609 421,462 +43.0%
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Reportable Segment 602,609 421,462 +43.0%
Operating Income 3,956,997 3,346,999 +18.2%
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Reportable Segment 3,956,997 3,346,999 +18.2%
Interest Expense -262,077 -184,172 -42.3%
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Reportable Segment -262,077 -184,172 -42.3%
Non-Operating Income (Expense) 2,852,166 50,899 +5503.6%
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Reportable Segment 2,852,166 50,899 +5503.6%
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Accumulated Translation Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -13,263 -14,569 +9.0%
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Reclassification Out Of Accumulated Other Comprehensive Income -13,263 -14,448 +8.2%
Income Before Taxes 6,547,086 3,213,726 +103.7%
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Reportable Segment 6,547,086 3,213,726 +103.7%
Income Tax Expense (Benefit) -1,264,295 -323,375 -291.0%
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Reportable Segment -1,264,295 -323,375 -291.0%
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Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income 30,434 -37,296 +181.6%
Accumulated Translation Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 3,067 3,345 -8.3%
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Reclassification Out Of Accumulated Other Comprehensive Income 33,501 -33,979 +198.6%
Net Income 5,282,791 2,890,351 +82.8%
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Reportable Segment 5,282,791 2,890,351 +82.8%
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Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -101,179 125,161 -180.8%
Accumulated Translation Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -10,196 -11,224 +9.2%
Retained Earnings 5,282,791 2,890,351 +82.8%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -111,375 114,030 -197.7%
EPS (Basic) 1.25 0.68 +83.8%
EPS (Diluted) 1.23 0.66 +86.4%
Wtd Avg Shares (Basic) 4,222,787 4,272,695 -1.2%
Wtd Avg Shares (Diluted) 4,298,437 4,369,623 -1.6%
Interest Income (Q)
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Reportable Segment 70 82 -14.6%
Comprehensive Income 5,628,142 2,442,454 +130.4%
Other Comprehensive Income 345,351 -447,897 +177.1%
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Accumulated Gain Loss Net Cash Flow Hedge Parent 516,843 -649,424 +179.6%
Accumulated Other Comprehensive Income 345,351 -447,897 +177.1%
Accumulated Translation Adjustment -80,940 91,276 -188.7%
Aoci Derivative Qualifying As Hedge Excluded Component Parent 1,169 -3,462 +133.8%
Net Investment Hedge Gains (Losses) 36,503 -44,600 +181.8%
Tax (Expense) Benefit -128,224 160,666 -179.8%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 296,152 -375,172 +178.9%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 12,259,772 7,199,848 +70.3%
Short-Term Investments 28,678 1,171,142 -97.6%
Other Assets Current 4,782,532
Total Current Assets 17,070,982 11,697,632 +45.9%
Non-Current Assets
Content Assets Net Noncurrent 33,376,295 32,040,839 +4.2%
Property, Plant & Equipment 2,147,829
Other Non-Current Assets 8,420,808 6,704,827 +25.6%
Total Assets 61,015,914 52,087,644 +17.1%
Operating Lease Right-of-Use Assets 2,100,470
Intangible Assets 33,376,295
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Licensed content 12,268,097
Produced content 21,108,198
Current Liabilities
Content Liabilities Current 4,052,278 4,128,905 -1.9%
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Current Content Liabilities 4.1 4.1 0.0%
Accounts Payable 894,681 614,489 +45.6%
Accrued Liabilities 4,441,986 2,359,518 +88.3%
Deferred Revenue (Current) 1,743,448 1,609,726 +8.3%
Short Term Borrowings 999,185 1,005,881 -0.7%
Total Current Liabilities 12,131,578 9,718,519 +24.8%
Non-Current Liabilities
Content Liabilities Noncurrent 1,626,498 1,696,662 -4.1%
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Non-current Content Liabilities 1.6 1.7 -5.9%
Long-Term Debt 13,361,331 14,011,037 -4.6%
Other Non-Current Liabilities 2,770,108 2,633,353 +5.2%
Total Liabilities 29,889,515 28,059,571 +6.5%
Operating Lease Liabilities 1,948,206
Stockholders' Equity
Common Stock 7,478,495 6,677,469 +12.0%
Treasury Stock Common Value -23,681,974 -16,754,929 -41.3%
Accumulated Other Comprehensive Income -235,031 -85,735 -174.1%
Retained Earnings 47,564,909 34,191,268 +39.1%
Total Stockholders' Equity 31,126,399 24,028,073 +29.5%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent 127,554 264,945 -51.9%
Accumulated Other Comprehensive Income -235,031 -85,735 -174.1%
Accumulated Translation Adjustment -274,555 -285,557 +3.9%
Aoci Derivative Qualifying As Hedge Excluded Component Parent -2,396 5,771 -141.5%
Common Stock Including Additional Paid In Capital 7,478,495 6,677,469 +12.0%
Net Investment Hedge Gains (Losses) -75,753 -12,200 -520.9%
Retained Earnings 47,564,909 34,191,268 +39.1%
Tax (Expense) Benefit -9,881 -59,601 +83.4%
Treasury Stock Common -23,681,974 -16,754,929 -41.3%
Total Liabilities & Equity 61,015,914 52,087,644 +17.1%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Additionsto Streaming Content Assets -4,846,917 -3,549,657 -36.5%
Change In Streaming Content Liabilities 45,216 -411,253 +111.0%
Costof Services Amortizationof Streaming Content Assets 4,217,900 3,823,112 +10.3%
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Reportable Segment 4,217,900 3,823,112 +10.3%
Show Finite Lived Intangible Assets By Major Class breakouts
Licensed content 2,285,813 1,998,525 +14.4%
Produced content 1,932,087 1,824,587 +5.9%
Depreciation & Amortization 98,575 80,067 +23.1%
Stock-Based Compensation 140,405 71,977 +95.1%
Foreign Currency Transaction Gain Loss Before Tax -10,110 28,547 -135.4%
Show Long-Term Debt Type breakouts
Senior Notes -10
Other Non-Cash Items 198,227 114,730 +72.8%
Deferred Income Tax Expense Benefit Including Reclassifications 58,819 -163,928 +135.9%
Increase Decrease In Other Current Assets -704,640 -131,367 -436.4%
Change in Accounts Payable 154 -276,426 +100.1%
Increase Decrease In Accrued Liabilities 1,295,904 306,413 +322.9%
Change in Deferred Revenue -32,282 88,913 -136.3%
Increase Decrease In Other Noncurrent Assets And Liabilities Net -453,837 -82,280 -451.6%
Net Cash from Operations 5,290,205 2,789,199 +89.7%
Investing Activities
Capital Expenditures -196,130 -128,277 -52.9%
Payments To Acquire Businesses Net Of Cash Acquired -585,744
Net Cash from Investing -781,874 485,662 -261.0%
Financing Activities
Proceeds From Stock Options Exercised 49,310 351,602 -86.0%
Share Repurchases -1,270,588 -3,536,396 +64.1%
Tax Withholding for Share Compensation -29,230 -27,870 -4.9%
Proceeds From Payments For Other Financing Activities 19,694 -15,652 +225.8%
Net Cash from Financing -1,230,814 -4,028,316 +69.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -49,838 150,146 -133.2%
Net Change in Cash 3,227,679 -603,309 +635.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 12,266,873 7,204,028 +70.3%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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