Netflix R&D increased by 4.3% to $890.30M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.7%, from $776.51M to $890.30M. Over 4 years (FY 2021 to FY 2025), R&D shows an upward trend with a 10.5% CAGR.
High spending signals a focus on long-term innovation, though it reduces current-period net income.
Expenses related to the innovation, design, and improvement of products and services. In the technology sector, this rep...
Big Tech firms often reinvest a significant percentage of revenue into R&D to maintain market leadership.
is_research_and_development| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $537.32M | $563.89M | $647.47M | $657.53M | $716.85M | $662.74M | $673.93M | $687.28M | $657.98M | $657.16M | $673.34M | $702.47M | $711.25M | $735.06M | $776.51M | $822.82M | $824.68M | $853.58M | $890.30M |
| QoQ Change | — | +4.9% | +14.8% | +1.6% | +9.0% | -7.5% | +1.7% | +2.0% | -4.3% | -0.1% | +2.5% | +4.3% | +1.3% | +3.3% | +5.6% | +6.0% | +0.2% | +3.5% | +4.3% |
| YoY Change | — | — | — | — | +33.4% | +17.5% | +4.1% | +4.5% | -8.2% | -0.8% | -0.1% | +2.2% | +8.1% | +11.9% | +15.3% | +17.1% | +15.9% | +16.1% | +14.7% |
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