Netflix Long-Term Debt decreased by 6.9% to $13.46B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 2.4%, from $13.80B to $13.46B. Over 5 years (FY 2020 to FY 2025), Long-Term Debt shows a downward trend with a -3.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase signals higher financial leverage and future interest expense, whereas a decrease indicates debt repayment and a stronger balance sheet.
Loans and financial obligations with a maturity date exceeding one year from the balance sheet date. This represents the...
Large-cap tech companies often use long-term debt to take advantage of low interest rates even when they have significant cash holdings.
long_term_debt| 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 | $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 |
| 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% |
| 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% |
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