What is Netflix's amortization of content assets?

Netflix (NFLX) reported amortization of content assets of $4.31B in Q2 2026.

How has Netflix's amortization of content assets changed year-over-year?

Netflix's amortization of content assets increased by 12.5% year-over-year, from $3.83B to $4.31B.

What is the long-term trend for Netflix's amortization of content assets?

Over 4 years (2021 to 2025), Netflix's amortization of content assets has grown at a 7.6% compound annual growth rate (CAGR), from $12.23B to $16.42B.

Netflix NFLX Amortization of content assets

Segments

By segment

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Reportable Segment$4.31B+12.5%

Other financials

Income statement

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Revenue$12.6B+13.4%

Gross profit$6.5B+13.4%

Operating income$4.2B+11.1%

Net income$3.4B+8.8%

EPS (diluted)$0.72-90.0%

Balance sheet

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Cash & equivalents$9.1B+11.3%

Total debt$14.3B-15.5%

Total equity$30.2B+20.8%

Total assets$58.5B+10.1%

Cash flow

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Operating cash flow$1.7B-28.0%

CapEx$218.6M+40.3%

Free cash flow$1.5B-32.7%

Valuation

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Market cap$291.85B-41.5%

Enterprise value$297.06B-41.5%

P/E21.4×-27.3×

P/S6×-5.9×

Profitability

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Gross margin49.1%+0.6pp

Operating margin29.7%+0.2pp

Net margin28.2%+3.6pp

FCF margin23.1%+2.7pp

Returns & leverage

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Return on equity49.5%+6.0pp

Debt / equity0.5×-0.2×

Current ratio1.1×-0.2×

Where this comes from

Reported directly by Netflix in its filing.

Tagged under the XBRL concept nflx:CostofServicesAmortizationofStreamingContentAssets.

The official record: Netflix’s 8-K, filed July 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Netflix's amortization of content assets?: Netflix (NFLX) reported amortization of content assets of $4.31B in Q2 2026.
How has Netflix's amortization of content assets changed year-over-year?: Netflix's amortization of content assets increased by 12.5% year-over-year, from $3.83B to $4.31B.
What is the long-term trend for Netflix's amortization of content assets?: Over 4 years (2021 to 2025), Netflix's amortization of content assets has grown at a 7.6% compound annual growth rate (CAGR), from $12.23B to $16.42B.