Netflix PP&E (Net) increased by 9.1% to $2.00B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 25.8%, from $1.59B to $2.00B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 15.9% CAGR.
Significant increases indicate aggressive expansion of production capacity or cloud infrastructure; decreases suggest asset aging or divestment.
The value of long-term physical assets such as data centers, land, and office buildings, minus accumulated depreciation....
Crucial for comparing 'hyperscalers' like Amazon (AWS) and Google (GCP) who compete on global data center footprints.
property_plant_equipment_net| 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 | $1.11B | $1.22B | $1.32B | $1.38B | $1.36B | $1.37B | $1.40B | $1.41B | $1.47B | $1.50B | $1.49B | $1.50B | $1.51B | $1.57B | $1.59B | $1.64B | $1.74B | $1.84B | $2.00B |
| QoQ Change | — | +10.2% | +8.5% | +4.6% | -1.6% | +0.8% | +1.9% | +1.1% | +4.2% | +1.8% | -0.5% | +0.7% | +0.7% | +3.8% | +1.6% | +3.2% | +6.0% | +5.4% | +9.1% |
| YoY Change | — | — | — | — | +23.0% | +12.5% | +5.7% | +2.1% | +8.1% | +9.2% | +6.7% | +6.2% | +2.6% | +4.7% | +6.9% | +9.5% | +15.4% | +17.2% | +25.8% |
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