What is Netflix's change in deferred revenue?

Netflix (NFLX) reported change in deferred revenue of -$32.28M in Q1 2026.

How has Netflix's change in deferred revenue changed year-over-year?

Netflix's change in deferred revenue decreased by 136.3% year-over-year, from $88.91M to -$32.28M.

What is the long-term trend for Netflix's change in deferred revenue?

Over 4 years (2021 to 2025), Netflix's change in deferred revenue has grown at a 29.2% compound annual growth rate (CAGR), from $91.35M to $254.92M.

What does change in deferred revenue mean?

Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.

Netflix NFLX Change in Deferred Revenue

Change in Deferred Revenue at other companies

GHC

Graham HoldingsGHC

-$13.64M-496%

Electronic ArtsEA

$133.25M+568%

AmazonAMZN

$355M-51.2%

AMC Networks Inc.AMCX

-$218K+83.2%

Sphere EntertainmentSPHR

$11.78M-26.4%

Alphabet Inc.GOOGL

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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%

CapEx$196.1M+52.9%

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:IncreaseDecreaseInContractWithCustomerLiability.

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 change in deferred revenue?: Netflix (NFLX) reported change in deferred revenue of -$32.28M in Q1 2026.
How has Netflix's change in deferred revenue changed year-over-year?: Netflix's change in deferred revenue decreased by 136.3% year-over-year, from $88.91M to -$32.28M.
What is the long-term trend for Netflix's change in deferred revenue?: Over 4 years (2021 to 2025), Netflix's change in deferred revenue has grown at a 29.2% compound annual growth rate (CAGR), from $91.35M to $254.92M.
What does change in deferred revenue mean?: Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.