Netflix Deferred Revenue increased by 3.0% to $1.78B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.8%, from $1.52B to $1.78B. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows an upward trend with a 9.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase is a strong leading indicator of future revenue growth and healthy sales momentum.
Cash collected from customers in advance of providing services or delivering products, expected to be recognized as reve...
A critical metric for SaaS and cloud peers (like Salesforce or Amazon) to gauge the health of the subscription pipeline.
deferred_revenue_current| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.19B | $1.18B | $1.21B | $1.24B | $1.22B | $1.18B | $1.26B | $1.26B | $1.31B | $1.31B | $1.44B | $1.47B | $1.47B | $1.51B | $1.52B | $1.61B | $1.73B | $1.72B | $1.78B |
| QoQ Change | — | -0.4% | +2.3% | +2.5% | -1.2% | -4.0% | +7.5% | -0.2% | +3.9% | -0.4% | +10.5% | +1.8% | +0.3% | +2.7% | +0.5% | +5.8% | +7.4% | -0.2% | +3.0% |
| YoY Change | — | — | — | — | +3.1% | -0.5% | +4.6% | +1.9% | +7.1% | +11.0% | +14.1% | +16.4% | +12.3% | +15.8% | +5.4% | +9.5% | +17.3% | +14.0% | +16.8% |
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