What is Netflix's operating income?

Netflix (NFLX) reported operating income of $3.96B in Q1 2026.

How has Netflix's operating income changed year-over-year?

Netflix's operating income increased by 18.2% year-over-year, from $3.35B to $3.96B.

What is the long-term trend for Netflix's operating income?

Over 4 years (2021 to 2025), Netflix's operating income has grown at a 21.1% compound annual growth rate (CAGR), from $6.19B to $13.33B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Netflix NFLX Operating Income

Operating Income at other companies

GHC

Graham HoldingsGHC

$57.83M+21.8%

AppleAAPL

$35.89B+21.3%

Electronic ArtsEA

$564M+42.8%

AmazonAMZN

$23.85B+29.6%

Charter Communications, Inc.CHTR

$3.21B-0.9%

Nexstar Media Group, Inc.NXST

$265M+20.5%

Segments

By segment

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Reportable Segment$3.96B+18.2%

Other financials

Income statement

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Revenue$12.2B+16.2%

Gross profit$6.4B+20.5%

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

Reported directly by Netflix in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: Netflix (NFLX) reported operating income of $3.96B in Q1 2026.
How has Netflix's operating income changed year-over-year?: Netflix's operating income increased by 18.2% year-over-year, from $3.35B to $3.96B.
What is the long-term trend for Netflix's operating income?: Over 4 years (2021 to 2025), Netflix's operating income has grown at a 21.1% compound annual growth rate (CAGR), from $6.19B to $13.33B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.