NFLX Chart
About

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.

Fundamentals
Scroll to Statements
Sector Communication Services Industry Entertainment Market Cap 331.04B
Enterprise Value 337.41B Income 10.98B Sales 45.18B
Book/sh 6.30 Cash/sh 2.15 Dividend Yield —
Payout 0.00% Employees 16000 IPO —
P/E 30.85 Forward P/E 20.42 PEG —
P/S 7.33 P/B 12.38 P/C —
EV/EBITDA 24.70 EV/Sales 7.47 Quick Ratio 1.06
Current Ratio 1.19 Debt/Eq 63.78 LT Debt/Eq —
EPS (ttm) 2.53 EPS next Y 3.82 EPS Growth 32.70%
Revenue Growth 17.60% Earnings 2026-04-16 ROA 15.25%
ROE 42.76% ROIC — Gross Margin 48.49%
Oper. Margin 24.54% Profit Margin 24.30% Shs Outstand 4.24B
Shs Float 4.19B Short Float 1.81% Short Ratio 1.53
Short Interest — 52W High 134.12 52W Low 75.21
Beta 1.71 Avg Volume 47.04M Volume 31.61M
Target Price $111.43 Recom Buy Prev Close $76.02
Price $78.04 Change 2.66%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$111.43
Mean price target
2. Current target
$78.04
Latest analyst target
3. DCF / Fair value
$105.42
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$78.04
Low
$79.00
High
$151.40
Mean
$111.43

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 reit Wedbush Outperform → Outperform $115
2026-01-27 up Freedom Capital Markets Hold → Buy $104
2026-01-22 main Argus Research Buy → Buy $110
2026-01-21 main Oppenheimer Outperform → Outperform $125
2026-01-21 main Deutsche Bank Hold → Hold $98
2026-01-21 main TD Cowen Buy → Buy $112
2026-01-21 reit Piper Sandler Overweight → Overweight $103
2026-01-21 main Wolfe Research Outperform → Outperform $95
2026-01-21 main UBS Buy → Buy $130
2026-01-21 reit Wedbush Outperform → Outperform $115
2026-01-21 main Keybanc Overweight → Overweight $108
2026-01-21 main Canaccord Genuity Buy → Buy $125
2026-01-21 main BMO Capital Outperform → Outperform $135
2026-01-21 main Morgan Stanley Overweight → Overweight $110
2026-01-21 main Guggenheim Buy → Buy $130
2026-01-21 main Rosenblatt Neutral → Neutral $94
2026-01-21 main Needham Buy → Buy $120
2026-01-21 main Goldman Sachs Neutral → Neutral $100
2026-01-21 main Pivotal Research Hold → Hold $95
2026-01-16 main Keybanc Overweight → Overweight $110
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 27312 2273454.0 — Sale at price 82.74 - 84.40 per share. PETERS GREGORY K. Chief Executive Officer — 2026-02-10 00:00:00 D
1 3136 259253.0 — Sale at price 82.67 per share. WILLEMS CLETUS R Officer — 2026-02-10 00:00:00 D
2 5727 464231.0 — Sale at price 81.06 per share. HYMAN DAVID A Officer — 2026-02-09 00:00:00 D
3 9248 751598.0 — Sale at price 81.27 per share. NEUMANN SPENCER ADAM Chief Financial Officer — 2026-02-06 00:00:00 D
4 241944 — — Stock Gift at price 0.00 per share. HASTINGS REED Director — 2026-02-05 00:00:00 I
5 54388 nan — — PETERS GREGORY K. Chief Executive Officer — 2026-02-03 00:00:00 D
6 6157 nan — — WILLEMS CLETUS R Officer — 2026-02-03 00:00:00 D
7 18418 nan — — NEUMANN SPENCER ADAM Chief Financial Officer — 2026-02-03 00:00:00 D
8 54388 nan — — SARANDOS THEODORE ANTHONY JR. Chief Executive Officer — 2026-02-03 00:00:00 D
9 11409 nan — — HYMAN DAVID A Officer — 2026-02-03 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.140.130.130.15
NormalizedEBITDA30.25B26.31B21.51B20.33B
NetIncomeFromContinuingOperationNetMinorityInterest10.98B8.71B5.41B4.49B
ReconciledDepreciation16.76B15.63B14.55B14.36B
ReconciledCostOfRevenue23.28B21.04B19.72B19.17B
EBITDA30.25B26.31B21.51B20.33B
EBIT13.50B10.68B6.95B5.97B
NetInterestIncome-604.05M-451.96M-748.60M-368.90M
InterestExpense776.51M718.73M748.60M706.21M
InterestIncome172.46M266.78M337.31M411.21M
NormalizedIncome10.98B8.71B5.41B4.49B
NetIncomeFromContinuingAndDiscontinuedOperation10.98B8.71B5.41B4.49B
TotalExpenses31.86B28.58B26.77B25.98B
TotalOperatingIncomeAsReported13.33B10.42B6.95B5.63B
DilutedAverageShares4.34B4.39B4.49B4.51B
BasicAverageShares4.25B4.30B4.42B4.45B
DilutedEPS2.531.981.200.99
BasicEPS2.582.031.231.01
DilutedNIAvailtoComStockholders10.98B8.71B5.41B4.49B
NetIncomeCommonStockholders10.98B8.71B5.41B4.49B
NetIncome10.98B8.71B5.41B4.49B
NetIncomeIncludingNoncontrollingInterests10.98B8.71B5.41B4.49B
NetIncomeContinuousOperations10.98B8.71B5.41B4.49B
TaxProvision1.74B1.25B797.41M772.00M
PretaxIncome12.72B9.97B6.21B5.26B
NetNonOperatingInterestIncomeExpense-604.05M-451.96M-748.60M-368.90M
InterestExpenseNonOperating776.51M718.73M748.60M706.21M
InterestIncomeNonOperating172.46M266.78M337.31M411.21M
OperatingIncome13.33B10.42B6.95B5.63B
OperatingExpense8.58B7.54B7.05B6.81B
ResearchAndDevelopment3.39B2.93B2.68B2.71B
SellingGeneralAndAdministration5.19B4.62B4.38B4.10B
SellingAndMarketingExpense3.30B2.92B2.66B2.53B
GeneralAndAdministrativeExpense1.89B1.70B1.72B1.57B
OtherGandA1.89B1.70B1.72B1.57B
GrossProfit21.91B17.96B14.01B12.45B
CostOfRevenue23.28B21.04B19.72B19.17B
TotalRevenue45.18B39.00B33.72B31.62B
OperatingRevenue45.18B39.00B33.72B31.62B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber346.54M247.84M160.78M15.64M
OrdinarySharesNumber4.22B4.28B4.33B4.45B
ShareIssued4.57B4.53B4.49B4.47B
NetDebt5.43B7.78B7.43B9.21B
TotalDebt14.46B15.58B14.54B14.35B
TangibleBookValue-6.16B-7.71B-11.07B-11.96B
InvestedCapital41.08B40.33B35.13B35.13B
WorkingCapital2.04B2.34B1.06B1.34B
NetTangibleAssets-6.16B-7.71B-11.07B-11.96B
CommonStockEquity26.62B24.74B20.59B20.78B
TotalCapitalization40.08B38.54B34.73B35.13B
TotalEquityGrossMinorityInterest26.62B24.74B20.59B20.78B
StockholdersEquity26.62B24.74B20.59B20.78B
GainsLossesNotAffectingRetainedEarnings-580.38M362.16M-223.94M-217.31M
OtherEquityAdjustments-580.38M362.16M-223.94M-217.31M
TreasuryStock22.37B13.17B6.92B824.19M
RetainedEarnings42.28B31.30B22.59B17.18B
CapitalStock7.29B6.25B5.15B4.64B
CommonStock7.29B6.25B5.15B4.64B
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest28.98B28.89B28.14B27.82B
TotalNonCurrentLiabilitiesNetMinorityInterest18.00B18.13B19.28B19.89B
OtherNonCurrentLiabilities4.54B4.33B5.14B5.53B
LongTermDebtAndCapitalLeaseObligation13.46B13.80B14.14B14.35B
LongTermDebt13.46B13.80B14.14B14.35B
CurrentLiabilities10.98B10.76B8.86B7.93B
OtherCurrentLiabilities4.08B4.39B4.47B4.48B
CurrentDeferredLiabilities1.78B1.52B1.44B1.26B
CurrentDeferredRevenue1.78B1.52B1.44B1.26B
CurrentDebtAndCapitalLeaseObligation998.87M1.78B399.84M699.82M
CurrentDebt998.87M1.78B399.84M699.82M
OtherCurrentBorrowings998.87M1.78B399.84M
PayablesAndAccruedExpenses4.12B3.06B2.55B2.19B
CurrentAccruedExpenses3.22B2.16B1.80B1.51B
Payables900.61M899.91M747.41M671.51M
AccountsPayable900.61M899.91M747.41M671.51M
TotalAssets55.60B53.63B48.73B48.59B
TotalNonCurrentAssets42.58B40.53B38.81B39.33B
OtherNonCurrentAssets7.79B6.48B5.66B5.19B
GoodwillAndOtherIntangibleAssets32.78B32.45B31.66B32.74B
OtherIntangibleAssets32.78B32.45B31.66B32.74B
NetPPE2.00B1.59B1.49B1.40B
AccumulatedDepreciation-1.10B-917.54M-855.04M-753.74M
GrossPPE3.10B2.51B2.35B2.15B
Leases1.26B1.03B1.03B1.04B
ConstructionInProgress285.01M228.30M406.49M235.56M
OtherProperties380.45M
MachineryFurnitureEquipment860.43M695.72M668.34M738.76M
BuildingsAndImprovements537.08M475.68M154.16M52.11M
LandAndImprovements155.66M85.00M85.00M85.00M
Properties0.000.000.000.00
CurrentAssets13.02B13.10B9.92B9.27B
OtherCurrentAssets876.30M1.10B529.26M1.23B
PrepaidAssets498.05M431.92M408.94M392.74M
Receivables2.58B1.99B1.84B1.59B
TaxesReceivable552.00M653.00M555.00M598.00M
AccountsReceivable2.03B1.34B1.29B988.90M
CashCashEquivalentsAndShortTermInvestments9.06B9.58B7.14B6.06B
OtherShortTermInvestments28.68M1.78B20.97M911.28M
CashAndCashEquivalents9.03B7.80B7.12B5.15B
CashEquivalents3.82B2.94B1.13B1.08B
CashFinancial5.21B4.86B5.99B4.07B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow9.46B6.92B6.93B1.62B
RepurchaseOfCapitalStock-9.13B-6.26B-6.05B0.00
RepaymentOfDebt-1.83B-400.00M0.00-700.00M
IssuanceOfDebt0.001.79B0.000.00
IssuanceOfCapitalStock666.97M832.89M169.99M35.75M
CapitalExpenditure-688.22M-439.54M-348.55M-407.73M
InterestPaidSupplementalData718.61M674.50M684.50M701.69M
IncomeTaxPaidSupplementalData1.64B1.15B811.72M509.26M
EndCashPosition9.04B7.81B7.12B5.17B
BeginningCashPosition7.81B7.12B5.17B6.06B
EffectOfExchangeRateChanges386.52M-416.33M82.68M-170.14M
ChangesInCash845.34M1.11B1.87B-714.39M
FinancingCashFlow-10.35B-4.07B-5.95B-664.25M
CashFlowFromContinuingFinancingActivities-10.35B-4.07B-5.95B-664.25M
NetOtherFinancingCharges-51.97M-38.03M-75.45M-224.17M
NetCommonStockIssuance-8.46B-5.43B-5.88B35.75M
CommonStockPayments-9.13B-6.26B-6.05B0.00
CommonStockIssuance666.97M832.89M169.99M35.75M
NetIssuancePaymentsOfDebt-1.83B1.39B0.00-700.00M
NetLongTermDebtIssuance-1.83B1.39B0.00-700.00M
LongTermDebtPayments-1.83B-400.00M0.00-700.00M
LongTermDebtIssuance0.001.79B0.000.00
InvestingCashFlow1.04B-2.18B541.75M-2.08B
CashFlowFromContinuingInvestingActivities1.04B-2.18B541.75M-2.08B
NetOtherInvestingChanges-26.92M
NetInvestmentPurchaseAndSale1.75B-1.74B890.30M-911.28M
SaleOfInvestment1.92B0.001.40B0.00
PurchaseOfInvestment-169.97M-1.74B-504.86M-911.28M
NetBusinessPurchaseAndSale-17.19M0.000.00-757.39M
PurchaseOfBusiness-17.19M0.000.00-757.39M
NetPPEPurchaseAndSale-688.22M-439.54M-348.55M-407.73M
PurchaseOfPPE-688.22M-439.54M-348.55M-407.73M
OperatingCashFlow10.15B7.36B7.27B2.03B
CashFlowFromContinuingOperatingActivities10.15B7.36B7.27B2.03B
ChangeInWorkingCapital-456.22M-33.08M-116.15M-758.09M
ChangeInOtherWorkingCapital-538.74M-368.51M-132.21M-190.20M
ChangeInOtherCurrentAssets-790.66M22.18M-181.00M-353.83M
ChangeInPayablesAndAccruedExpense873.18M313.25M197.07M-214.06M
ChangeInAccruedExpense881.22M191.90M103.56M-55.51M
ChangeInPayable-8.04M121.35M93.50M-158.54M
ChangeInAccountPayable-8.04M121.35M93.50M-158.54M
OtherNonCashItems-17.13B-16.51B-12.63B-16.13B
StockBasedCompensation368.45M272.59M339.37M575.45M
DeferredTax-442.06M-590.70M-459.36M-166.55M
DeferredIncomeTax-442.06M-590.70M-459.36M-166.55M
DepreciationAmortizationDepletion16.76B15.63B14.55B14.36B
DepreciationAndAmortization16.76B15.63B14.55B14.36B
AmortizationCashFlow16.42B15.30B14.20B14.03B
AmortizationOfIntangibles16.42B15.30B14.20B14.03B
Depreciation333.39M328.91M356.95M336.68M
OperatingGainsLosses72.35M-121.54M176.30M-353.11M
NetForeignCurrencyExchangeGainLoss72.35M-121.54M176.30M-353.11M
NetIncomeFromContinuingOperations10.98B8.71B5.41B4.49B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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