What is Netflix's capex?

Netflix (NFLX) reported capex of $196.13M in Q1 2026.

How has Netflix's capex changed year-over-year?

Netflix's capex increased by 52.9% year-over-year, from $128.28M to $196.13M.

What is the long-term trend for Netflix's capex?

Over 4 years (2021 to 2025), Netflix's capex has grown at a 7.0% compound annual growth rate (CAGR), from $524.59M to $688.22M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Netflix NFLX CapEx

CapEx at other companies

GHC

Graham HoldingsGHC

$19.17M+23.8%

AppleAAPL

$1.97B-35.8%

Electronic ArtsEA

$61M+13.0%

AmazonAMZN

$44.2B+76.7%

Charter Communications, Inc.CHTR

$2.86B+19.0%

Nexstar Media Group, Inc.NXST

$22M-37.1%

Other financials

Income statement

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Revenue$12.2B+16.2%

Gross profit$6.4B+20.5%

Operating income$4.0B+18.2%

Net income$5.3B+82.8%

EPS (diluted)$1.23+86.4%

Balance sheet

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Cash & equivalents$12.3B+70.3%

Total debt$16.7B-3.9%

Total equity$31.1B+29.5%

Total assets$61.0B+17.1%

Cash flow

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Operating cash flow$5.3B+89.7%

Free cash flow$5.1B+91.4%

Valuation

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Market cap$298.55B-43.0%

Enterprise value$303.03B-43.3%

P/E22.3×-34.2×

P/S6.4×-6.7×

Profitability

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Gross margin49%+2.1pp

Operating margin29.7%+2.0pp

Net margin28.5%+5.4pp

FCF margin25.4%+6.8pp

Returns & leverage

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Return on equity48.5%+7.7pp

Debt / equity0.5×-0.2×

Current ratio1.4×+0.2×

Where this comes from

Reported directly by Netflix in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Netflix’s 10-Q, filed April 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Netflix's capex?: Netflix (NFLX) reported capex of $196.13M in Q1 2026.
How has Netflix's capex changed year-over-year?: Netflix's capex increased by 52.9% year-over-year, from $128.28M to $196.13M.
What is the long-term trend for Netflix's capex?: Over 4 years (2021 to 2025), Netflix's capex has grown at a 7.0% compound annual growth rate (CAGR), from $524.59M to $688.22M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.