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Netflix NFLX Total Cost of Revenue

Total Cost of Revenue at other companies

GHC
Graham HoldingsGHC
$826.28M+15.5%
Apple logo
AppleAAPL
$56.4B+11.7%
Electronic Arts logo
Electronic ArtsEA
$364M-1.1%
Amazon logo
AmazonAMZN
$87.46B+13.6%
Warner Bros. Discovery, Inc. logo
Warner Bros. Discovery, Inc.WBD
$4.64B-9.5%
AMC Networks Inc. logo
AMC Networks Inc.AMCX
$283.18M+5.9%

Other financials

Income statement

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Revenue$12.2B+16.2%
Gross profit$6.4B+20.5%
Operating income$4.0B+18.2%
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:CostOfRevenue.

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 total cost of revenue?
Netflix (NFLX) reported total cost of revenue of $5.89B in Q1 2026.
How has Netflix's total cost of revenue changed year-over-year?
Netflix's total cost of revenue increased by 11.9% year-over-year, from $5.26B to $5.89B.
What is the long-term trend for Netflix's total cost of revenue?
Over 4 years (2021 to 2025), Netflix's total cost of revenue has grown at a 7.6% compound annual growth rate (CAGR), from $17.33B to $23.28B.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.