What is Netflix's deferred revenue?

Netflix (NFLX) reported deferred revenue of $1.8B in Q2 2026.

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

Netflix's deferred revenue increased by 4.0% year-over-year, from $1.73B to $1.8B.

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

Over 5 years (2020 to 2025), Netflix's deferred revenue has grown at a 9.7% compound annual growth rate (CAGR), from $1.12B to $1.78B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Netflix NFLX Deferred Revenue

Deferred Revenue at other companies

GHC

Graham HoldingsGHC

$369.18M-9.6%

AppleAAPL

$9.33B+4.0%

Electronic ArtsEA

$2.23B+31.4%

AmazonAMZN

$20.89B+1.4%

ComcastCMCSA

$655M-8.9%

Warner Bros. Discovery, Inc.WBD

$1.59B-0.5%

Other financials

Income statement

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Revenue$12.6B+13.4%

Gross profit$6.5B+13.4%

Operating income$4.2B+11.1%

Net income$3.4B+8.8%

EPS (diluted)$0.72-90.0%

Balance sheet

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Cash & equivalents$9.1B+11.3%

Total debt$14.3B-15.5%

Total equity$30.2B+20.8%

Total assets$58.5B+10.1%

Cash flow

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Operating cash flow$1.7B-28.0%

CapEx$218.6M+40.3%

Free cash flow$1.5B-32.7%

Valuation

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Market cap$286.85B-42.8%

Enterprise value$292.06B-42.8%

P/E21×-28.0×

P/S5.9×-6.1×

Profitability

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Gross margin49.1%+0.6pp

Operating margin29.7%+0.2pp

Net margin28.2%+3.6pp

FCF margin23.1%+2.7pp

Returns & leverage

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Return on equity49.5%+6.0pp

Debt / equity0.5×-0.2×

Current ratio1.1×-0.2×

Where this comes from

Reported directly by Netflix in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Netflix’s 8-K, filed July 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Netflix's deferred revenue?: Netflix (NFLX) reported deferred revenue of $1.8B in Q2 2026.
How has Netflix's deferred revenue changed year-over-year?: Netflix's deferred revenue increased by 4.0% year-over-year, from $1.73B to $1.8B.
What is the long-term trend for Netflix's deferred revenue?: Over 5 years (2020 to 2025), Netflix's deferred revenue has grown at a 9.7% compound annual growth rate (CAGR), from $1.12B to $1.78B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.