Skip to content
OpenCapital
Get started
Income StatementBalance SheetCash FlowSegments
Netflix logo

Netflix Cash Flow Statement

Operating, investing, and financing cash movements

Netflix generated $12.7B in operating cash flow over the trailing twelve months. After $756.1M in capital expenditures, free cash flow was $11.9B. Free cash flow increased 0.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$12.7BNet Cash From Investing (TTM)$1.1BNet Cash From Financing (TTM)-$7.5BCapital Expenditures (TTM)$756.1MDepreciation And Amortization Cf (TTM)$351.9MNet Change In Cash (TTM)$1.8B
Latest FilingQ1 2026
Report Date2026-04-17
Market Cap$342.21B
P/E Ratio25.59
ROE48.5%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Other non-cash income (expense)-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Change in accounts payable$255.4M-$276.4M$11M$139.5M—$154K
Change in accrued liabilities—$306.4M-$267.2M$707.2M$134.9M$1.3B
Change in deferred revenue$7.8M$88.9M$118.6M-$3.7M$51.1M-$32.3M
Depreciation and amortization$79.5M$80.1M$80M$87.3M$86M$98.6M
Other Non-Cash Income (Expense)-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Other Non-cash Income (Expense)-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Other Non-cash Income (Expense)-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Foreign Currency Transaction Gain (Loss)$52.9M-$28.5M-$55.2M$1.7M—$10.1M
Net cash from operating activities$1.5B$2.8B$2.4B$2.8B$2.1B$5.3B
Net income$1.9B$2.9B$3.1B$2.5B$2.4B$5.3B
Additions to streaming content assets$4.4B$3.5B$3.8B$4.7B$5.1B$4.8B
Amortization of content assets$4.2B$3.8B$3.8B$4B$4.8B$4.2B
Change in content liabilities-$139.5M-$411.3M-$214.1M$24.3M-$9.8M$45.2M
Other non-cash income (expense)-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Additions to Streaming Content Assets$4.4B$3.5B$3.8B$4.7B$5.1B$4.8B
Change in content liabilities-$139.5M-$411.3M-$214.1M$24.3M-$9.8M$45.2M
Amortization of content assets$4.2B$3.8B$3.8B$4B$4.8B$4.2B
Deferred income taxes-$73.3M-$163.9M-$135.8M$20.5M-$162.9M$58.8M
Foreign currency remeasurement (loss) gain on debt$52.9M-$28.5M-$55.2M$1.7M—$10.1M
Increase (Decrease) in Other Current Assets—$131.4M$176.7M$169.6M$313M$704.6M
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net$167.1M$82.3M$370.6M$97.6M$243.2M$453.8M
Other Noncash Income (Expense)-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Other Non-cash Income and Expense-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Other Non-Cash Adjustments-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Other Non-Cash Income and Expense-$130.9M-$114.7M-$120.1M-$142.3M-$200.3M-$198.2M
Stock-based compensation$61.8M$72M$80.9M$81M$134.6M$140.4M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$0$0———$585.7M
Capital expenditures$158.7M$128.3M$155.9M$164.7M$239.3M$196.1M
Proceeds from disposition of marketable securities and other investments$0$770M$962.4M$176.3M$8.5M$0
Net cash from investing activities-$158.7M$485.7M$768.7M$43.9M—-$781.9M
Purchases of investments$0$156M$1.7M$3.9M$8.5M$0

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Repayments of debt$0$800M$1B$0$0$0
Other, net-$14.4M-$15.7M$22M$55.8M-$67.9M$19.7M
Payment of Deferred Purchase Consideration-$14.4M-$15.7M$22M$55.8M-$67.9M$19.7M
Noncontrolling interest transactions and other-$14.4M-$15.7M$22M$55.8M-$67.9M$19.7M
Net cash from financing activities-$678.7M-$4B-$2.5B-$1.7B-$2.1B-$1.2B
Noncontrolling Interests Activity and Other-$14.4M-$15.7M$22M$55.8M-$67.9M$19.7M
Proceeds from issuance of common stock$302M$351.6M$169.1M$70.2M$76.1M$49.3M
Repurchases of common stock$963.7M$3.5B$1.7B$1.9B$2.1B$1.3B
Taxes paid for net share settlement$2.6M$27.9M$6.1M$6.2M$6M$29.2M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.4B$2.7B$2.3B$2.7B$1.9B$5.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$351.3M$150.1M$287.5M-$21.7M$0-$49.8M
Net increase (decrease) in cash$348.3M-$603.3M$976.5M$1.1B—$3.2B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$168.6M$179.7M$179.7M$179.7M$179.7M—