What is Netflix's gross profit?

Netflix (NFLX) reported gross profit of $6.36B in Q1 2026.

How has Netflix's gross profit changed year-over-year?

Netflix's gross profit increased by 20.5% year-over-year, from $5.28B to $6.36B.

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

Over 4 years (2021 to 2025), Netflix's gross profit has grown at a 15.4% compound annual growth rate (CAGR), from $12.37B to $21.91B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Netflix NFLX Gross Profit

Gross Profit at other companies

AppleAAPL

$54.78B+22.1%

Electronic ArtsEA

$1.76B+15.0%

Warner Bros. Discovery, Inc.WBD

$4.25B+10.4%

AMC Networks Inc.AMCX

$258.95M-10.1%

Angel Studios, Inc.ANGX

$71.1M+154%

Alphabet Inc.GOOGL

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Other financials

Income statement

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Revenue$12.2B+16.2%

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

Calculated from Netflix’s reported figures.

$12.2Btotal revenue−$5.9Btotal cost of revenue=$6.36B

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 gross profit?: Netflix (NFLX) reported gross profit of $6.36B in Q1 2026.
How has Netflix's gross profit changed year-over-year?: Netflix's gross profit increased by 20.5% year-over-year, from $5.28B to $6.36B.
What is the long-term trend for Netflix's gross profit?: Over 4 years (2021 to 2025), Netflix's gross profit has grown at a 15.4% compound annual growth rate (CAGR), from $12.37B to $21.91B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.