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Profile & Fundamentals

Netflix Profile & Fundamentals

Name: Netflix financial chart data preview
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Company and Market Context

Company Profile & Ownership

Netflix, Inc. provides entertainment services worldwide. The company offers television (TV) series, documentaries, feature films, games, and live programming across various genres and languages. It also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.

Company profile record

Netflix Inc

Common Stock · Communication Services · Movies & Entertainment

Official website

Company

Company / asset: Netflix Inc
Security type: Common Stock
Sector: Communication Services
Industry: Movies & Entertainment
HQ: 🇺🇸 United States
Head office: 121 Albright Way, Los Gatos, CA, United States, 95032

Leadership & scale

Chief executive: Mr. Theodore A. Sarandos
CEO year born: 1965
Full-time employees: 16K
Fiscal year end: December
IPO date: 2002-05-23

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 305.9B
P/E: 22.4x
Revenue (Q2 26): USD 12.6B
Profit (Q2 26): USD 3.4B
Dividend Yield: --
Revenue (FY 25): USD 45.2B
Shares in public float: 4.1B
Insider ownership: 0.57%

Reporting & identifiers

Symbol: NFLX.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US64110L1061
Asset ID: equity_7feda97e-a991-555f-ad42-7f3dce5dbc6d

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc346,247,929 shares · 8.32% · Reported 2026-03-31
Vanguard Capital Management, LLC274,400,652 shares · 6.59% · Reported 2026-03-31
FMR Inc204,650,883 shares · 4.91% · Reported 2026-03-31
State Street Corp171,654,762 shares · 4.12% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest134,082,914 shares · 3.22% · Reported 2026-07-31
Amvescap Plc.131,460,127 shares · 3.16% · Reported 2026-03-31
Vanguard 500 Index Investor110,535,312 shares · 2.65% · Reported 2026-07-31

View more holders (8)

Geode Capital Management, LLC103,528,586 shares · 2.49% · Reported 2026-03-31
T. Rowe Price Associates, Inc.99,031,792 shares · 2.38% · Reported 2026-03-31
Morgan Stanley - Brokerage Accounts99,018,124 shares · 2.38% · Reported 2026-03-31
Invesco QQQ Trust90,583,690 shares · 2.18% · Reported 2026-08-31
Capital World Investors87,336,163 shares · 2.10% · Reported 2026-06-30
Vanguard Portfolio Management, LLC75,398,731 shares · 1.81% · Reported 2026-03-31
Capital Research Global Investors68,701,246 shares · 1.65% · Reported 2026-06-30
JPMorgan Chase & Co62,954,396 shares · 1.51% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's financial performance shows a powerful transition from chasing new subscribers to harvesting massive cash flows. Recent results highlight strong revenue growth and an impressive surge in net income, supported by nearly twelve billion dollars in free cash flow. This self-funding model means the company does not need to borrow expensive money to run its business. However, there is a clear disagreement on the future outlook. Optimistic views believe that the ad-supported tier and smart pricing will keep earnings growing steadily. On the other hand, cautious perspectives warn that recent earnings were artificially boosted by one-time events, such as a massive merger breakup fee, and that organic growth is actually flatlining. Retail investors should watch whether the company can maintain its high cash generation as these temporary boosts fade.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins have expanded dramatically, with operating margins hovering near thirty percent. This impressive profitability is driven by strong pricing power and the highly profitable scaling of the ad-supported tier. There is a clear consensus that the company currently enjoys elite profitability. However, the future outlook is a major point of contention. Optimistic forecasts predict that margins will continue to climb toward thirty-five percent as artificial intelligence cuts production costs and ad revenues grow. Conversely, skeptical views argue that margins have peaked. They warn that the high costs of live sports rights and slowing subscriber growth will act as a heavy anchor, dragging profitability back down. Retail investors should monitor whether the company can successfully offset rising sports costs with ad revenues to protect its margins.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	8,830,669,000	-1,658,814,000	186,678,000	31.72	4.3	2.11	-18.78
2017-12-31	11,692,713,000	-2,012,970,000	558,929,000	34.49	7.17	4.78	-17.22
2018-12-31	15,794,341,000	-2,893,011,000	1,211,242,000	36.89	10.16	7.67	-18.32
2019-12-31	20,156,447,000	-3,140,357,000	1,866,916,000	38.28	12.92	9.26	-15.58
2020-12-31	24,996,056,000	1,929,154,000	2,761,395,000	38.89	18.34	11.05	7.72
2021-12-31	29,697,844,000	-131,975,000	5,116,228,000	41.64	20.86	17.23	-0.44
2022-12-31	31,615,550,000	1,618,528,000	4,491,924,000	39.37	17.82	14.21	5.12
2023-12-31	33,723,297,000	6,925,749,000	5,407,990,000	41.54	20.62	16.04	20.54
2024-12-31	39,000,966,000	6,921,826,000	8,711,631,000	46.06	26.71	22.34	17.75
2025-12-31	45,183,036,000	9,461,053,000	10,981,201,000	48.49	29.49	24.3	20.94

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	36.86	Trailing four quarters
2024-12-31	447.92	Trailing four quarters
2023-12-31	404.68	Trailing four quarters
2022-12-31	296.49	Annual net income
2021-12-31	536.7	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2017-01-01	4,481,420,000
2018-01-01	4,511,160,000
2019-01-01	4,513,670,000
2020-01-01	4,552,830,000
2021-01-01	4,557,950,000
2022-01-01	4,516,490,000
2023-01-01	4,494,980,000
2024-01-01	4,377,860,000
2025-01-01	4,317,144,000
2026-01-01	4,261,300,000

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
- Capital allocation AI review
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Balance Sheet
- Balance sheet AI review
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Dividends & Actions
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- Available corporate actions
Company Events
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