Netflix Cash Flow Statement
NASDAQ: NFLXConsumer DiscretionaryConsumer Electronics/Video ChainsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Netflix free cash flow
In fiscal 2025, Netflix generated $10.15 billion of operating cash flow and spent $688.2 million on capital expenditures. That left free cash flow of $9.46 billion, a free-cash-flow margin of 20.9% of revenue. Free cash flow was up 36.7% from the prior year's $6.92 billion.
Netflix returned $9.13 billion to shareholders through share repurchases, equal to 96% of free cash flow.
Summary generated from market data by MetaCap's automated system. Methodology
Netflix cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 10.98B | 8.71B | 5.41B | 4.49B | 5.12B | 2.76B | 1.87B | 1.21B | 558.93M | 186.68M |
| Net Income growth (YoY) | +26.05% | +61.09% | +20.39% | -12.20% | +85.28% | +47.91% | +54.13% | +116.71% | +199.41% | +52.22% |
| Depreciation & Amortization | 333.39M | 328.91M | 356.95M | 336.68M | 208.41M | 115.71M | 103.58M | 83.16M | 71.91M | 57.53M |
| Stock-Based Compensation | 368.45M | 272.59M | 339.37M | 575.45M | 403.22M | 415.18M | 405.38M | 320.66M | 182.21M | 173.68M |
| Change in Working Capital | 1.13B | 391.10M | 375.77M | -186.70M | 416.80M | 349.82M | 417.69M | 491.90M | 366.87M | 197.70M |
| Operating Cash Flow | 10.15B | 7.36B | 7.27B | 2.03B | 392.61M | 2.43B | -2.89B | -2.68B | -1.79B | -1.47B |
| Capital Expenditures | -688.22M | -439.54M | -348.55M | -407.73M | -524.59M | -497.92M | -253.03M | -173.95M | -173.30M | -107.65M |
| Investing Cash Flow | 1.04B | -2.18B | 541.75M | -2.08B | -1.34B | -505.35M | -387.06M | -339.12M | 34.33M | 49.77M |
| Share Repurchases | -9.13B | -6.26B | -6.05B | 0 | -600.02M | 0 | 0 | — | — | — |
| Debt Issued | 0 | 1.79B | 0 | 0 | 0 | 1.01B | 4.47B | 3.96B | 3.02B | 1.00B |
| Debt Repaid | -1.83B | -400.00M | 0 | -700.00M | -500.00M | 0 | 0 | — | — | — |
| Financing Cash Flow | -10.35B | -4.07B | -5.95B | -664.25M | -1.15B | 1.24B | 4.51B | 4.05B | 3.08B | 1.09B |
| Net Change in Cash | 1.23B | 688.82M | 1.95B | -884.53M | -2.18B | 3.20B | 1.23B | 989.25M | 1.36B | -341.75M |
| Free Cash Flow | 9.46B | 6.92B | 6.93B | 1.62B | -131.97M | 1.93B | -3.14B | -2.85B | -1.96B | -1.58B |
This table shows 10 annual periods of Netflix's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow NFLX's reporting calendar. What is a cash flow statement?