Non-Current Liabilities
Long-Term Debt
Netflix Long-Term Debt decreased by 0.8% to $13.36B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.6%, from $14.01B to $13.36B. Over 5 years (FY 2020 to FY 2025), Long-Term Debt shows a downward trend with a -3.2% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026Apr 17, 2026
How to read this metric
High levels indicate significant leverage, which can amplify returns but also increase financial risk during economic downturns.
Detailed definition
Long-term debt includes all interest-bearing financial obligations with maturities extending beyond one year. It is a pr...
Peer comparison
Standard across all industries; compared against peers using debt-to-equity or net debt-to-EBITDA ratios.
Metric ID:
long_term_debtHistorical Data
20 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.93B | $14.79B | $14.69B | $14.53B | $14.23B | $13.89B | $14.35B | $14.04B | $14.07B | $13.90B | $14.14B | $13.22B | $12.18B | $14.16B | $13.80B | $14.01B | $14.45B | $14.46B | $13.46B | $13.36B |
| QoQ Change | — | -0.9% | -0.7% | -1.1% | -2.1% | -2.4% | +3.3% | -2.2% | +0.2% | -1.2% | +1.7% | -6.5% | -7.8% | +16.3% | -2.6% | +1.5% | +3.2% | +0.1% | -6.9% | -0.8% |
| YoY Change | — | — | — | — | -4.6% | -6.1% | -2.3% | -3.4% | -1.1% | +0.1% | -1.5% | -5.8% | -13.4% | +1.9% | -2.4% | +6.0% | +18.7% | +2.1% | -2.4% | -4.6% |
Range$12.18B – $14.93B
CAGR-2.3%
Avg YoY Growth-1.2%
Median YoY Growth-2.4%
Current Streak2 quarters decline
Long-Term Debt at Other Companies
Frequently Asked Questions
- What is Netflix's long-term debt?
- Netflix (NFLX) reported long-term debt of $13.36B in Q1 2026.
- How has Netflix's long-term debt changed year-over-year?
- Netflix's long-term debt decreased by 4.6% year-over-year, from $14.01B to $13.36B.
- What is the long-term trend for Netflix's long-term debt?
- Over 5 years (2020 to 2025), Netflix's long-term debt has grown at a -3.2% compound annual growth rate (CAGR), from $15.81B to $13.46B.
- What does long-term debt mean?
- Total debt obligations that are not due for repayment within the next year.