Operating
Amortization of content assets
Netflix Amortization of content assets decreased by 11.5% to $4.22B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.3%, from $3.82B to $4.22B. Over 4 years (FY 2021 to FY 2025), Amortization of content assets shows an upward trend with a 7.6% CAGR.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 17, 2026
How to read this metric
Rising amortization often follows periods of heavy content investment, reflecting the aging of the existing library.
Detailed definition
This is a non-cash expense representing the systematic allocation of the cost of streaming content assets over their est...
Peer comparison
Standard non-cash expense for media companies; similar to depreciation of physical assets.
Metric ID:
nflx_amortization_of_content_assetsHistorical Data
20 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.81B | $2.96B | $3.74B | $3.17B | $3.26B | $3.65B | $3.94B | $3.46B | $3.41B | $3.57B | $3.75B | $3.67B | $3.77B | $3.70B | $4.16B | $3.82B | $3.83B | $4.00B | $4.76B | $4.22B |
| QoQ Change | — | +5.6% | +26.3% | -15.4% | +3.0% | +12.0% | +8.0% | -12.3% | -1.4% | +4.8% | +5.1% | -2.2% | +2.7% | -1.9% | +12.5% | -8.1% | +0.2% | +4.5% | +19.0% | -11.5% |
| YoY Change | — | — | — | — | +16.2% | +23.3% | +5.4% | +9.3% | +4.6% | -2.2% | -4.8% | +6.1% | +10.5% | +3.5% | +10.9% | +4.1% | +1.7% | +8.2% | +14.5% | +10.3% |
Range$2.81B – $4.76B
CAGR+9.0%
Avg YoY Growth+7.6%
Median YoY Growth+7.1%
Business Segments
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| Reportable Segment | $3.82B | $3.83B | $4.00B | $4.76B | $4.22B |
| Total | $3.82B | $3.83B | $4.00B | $4.76B | $4.22B |
Amortization of content assets at Other Companies
Frequently Asked Questions
- What is Netflix's amortization of content assets?
- Netflix (NFLX) reported amortization of content assets of $4.22B in Q1 2026.
- How has Netflix's amortization of content assets changed year-over-year?
- Netflix's amortization of content assets increased by 10.3% year-over-year, from $3.82B to $4.22B.
- What is the long-term trend for Netflix's amortization of content assets?
- Over 4 years (2021 to 2025), Netflix's amortization of content assets has grown at a 7.6% compound annual growth rate (CAGR), from $12.23B to $16.42B.
- What does amortization of content assets mean?
- The non-cash cost of using up streaming content over time.