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Netflix Income Statement

Revenue, expenses, and profitability over time

Netflix generated $46.9B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $13.4B with a 28.52% net margin. Gross margin stands at 49.03% and operating margin at 29.72%. Diluted EPS is $14.95, which declined 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$46.9BGross Profit (TTM)$23.0BOperating Income (TTM)$13.9BNet Income (TTM)$13.4BEps Diluted (TTM)$10.02
Latest FilingQ1 2026
Report Date2026-04-17
Market Cap$342.21B
P/E Ratio25.59
ROE48.5%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share—$0.68$7.35$6.00—$1.25
Diluted earnings per share—$0.66$7.19$5.87—$1.23
Weighted-average shares, basic4.3B4.3B425.2M424.5M4.2B4.2B
Weighted-average shares, diluted4.4B4.4B434.9M434M4.3B4.3B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$453.7M$421.5M$441.2M$457.9M$567.8M$602.6M
Research and development$776.5M$822.8M$824.7M$853.6M$890.3M$959.7M
Selling and marketing$976.2M$688.4M$713.3M$786.3M$1.1B$842.2M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$4.5B$5.3B$5.8B$5.3B$5.5B$6.4B
Operating income$2.3B$3.3B$3.8B$3.2B$3B$4B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$2.1B$3.2B$3.6B$3.1B$2.8B$6.5B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$265.7M$323.4M$506.3M$562.5M$349.2M$1.3B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$192.6M$184.2M$182.6M$175.3M$234.4M$262.1M
Other income (expense), net$54.1M$50.9M$39.6M$36.5M$45.5M$2.9B

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$1.9B$2.9B$3.1B$2.5B$2.4B$5.3B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$5.8B$5.3B$5.3B$6.2B$6.5B$5.9B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$10.2B$10.5B$11.1B$11.5B$12.1B$12.2B