NETFLIX INC
For the period ended Dec 31, 2025. Filed Jan 23, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Jan 23, 2026
NFLX$63.95+0.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(in thousands, except per share data)
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | $45,183,036 | $39,000,966 | $33,723,297 |
| Cost of revenues | 23,275,329 | 21,038,464 | 19,715,368 |
| Sales and marketing | 3,301,306 | 2,917,554 | 2,657,883 |
| Technology and development | 3,391,390 | 2,925,295 | 2,675,758 |
| General and administrative | 1,888,408 | 1,702,039 | 1,720,285 |
| Operating income | 13,326,603 | 10,417,614 | 6,954,003 |
| Other income (expense): | |||
| Interest expense | (776,510) | (718,733) | (699,826) |
| Interest and other income (expense) | 172,459 | 266,776 | (48,772) |
| Income before income taxes | 12,722,552 | 9,965,657 | 6,205,405 |
| Provision for income taxes | (1,741,351) | (1,254,026) | (797,415) |
| Net income | $10,981,201 | $8,711,631 | $5,407,990 |
| Earnings per share: | |||
| Basic | $2.58 | $2.03 | $1.22 |
| Diluted | $2.53 | $1.98 | $1.20 |
| Weighted-average shares of common stock outstanding: | |||
| Basic | 4,249,512 | 4,295,191 | 4,415,712 |
| Diluted | 4,343,863 | 4,392,608 | 4,494,966 |
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