
Netflix Inc
NASDAQ:NFLX

Income Statement
Earnings Waterfall
Netflix Inc
Revenue
|
36.3B
USD
|
Cost of Revenue
|
-20.4B
USD
|
Gross Profit
|
15.9B
USD
|
Operating Expenses
|
-7.3B
USD
|
Operating Income
|
8.6B
USD
|
Other Expenses
|
-1.6B
USD
|
Net Income
|
7.1B
USD
|
Income Statement
Netflix Inc
Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4 892
N/A
|
5 195
+6%
|
5 505
+6%
|
5 808
+5%
|
6 112
+5%
|
6 441
+5%
|
6 780
+5%
|
7 164
+6%
|
7 625
+6%
|
8 176
+7%
|
8 831
+8%
|
9 510
+8%
|
10 190
+7%
|
10 885
+7%
|
11 693
+7%
|
12 757
+9%
|
13 879
+9%
|
14 893
+7%
|
15 794
+6%
|
16 615
+5%
|
17 630
+6%
|
18 876
+7%
|
20 156
+7%
|
21 403
+6%
|
22 628
+6%
|
23 819
+5%
|
24 996
+5%
|
26 392
+6%
|
27 585
+5%
|
28 633
+4%
|
29 698
+4%
|
30 402
+2%
|
31 031
+2%
|
31 473
+1%
|
31 616
+0%
|
31 909
+1%
|
32 127
+1%
|
32 743
+2%
|
33 723
+3%
|
34 932
+4%
|
36 304
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(3 404)
|
(3 559)
|
(3 753)
|
(3 930)
|
(4 137)
|
(4 357)
|
(4 591)
|
(4 915)
|
(5 266)
|
(5 625)
|
(6 030)
|
(6 317)
|
(6 747)
|
(7 207)
|
(7 660)
|
(8 199)
|
(8 586)
|
(9 006)
|
(9 968)
|
(10 642)
|
(11 358)
|
(12 044)
|
(12 440)
|
(12 951)
|
(13 388)
|
(13 881)
|
(14 175)
|
(14 796)
|
(15 372)
|
(15 987)
|
(17 333)
|
(17 749)
|
(18 422)
|
(19 004)
|
(19 168)
|
(19 687)
|
(19 670)
|
(19 812)
|
(19 715)
|
(19 889)
|
(20 390)
|
|
Gross Profit |
1 488
N/A
|
1 636
+10%
|
1 752
+7%
|
1 878
+7%
|
1 975
+5%
|
2 084
+6%
|
2 188
+5%
|
2 250
+3%
|
2 359
+5%
|
2 552
+8%
|
2 801
+10%
|
3 192
+14%
|
3 443
+8%
|
3 678
+7%
|
4 033
+10%
|
4 558
+13%
|
5 293
+16%
|
5 888
+11%
|
5 827
-1%
|
5 972
+2%
|
6 273
+5%
|
6 833
+9%
|
7 716
+13%
|
8 452
+10%
|
9 240
+9%
|
9 938
+8%
|
10 821
+9%
|
11 596
+7%
|
12 214
+5%
|
12 646
+4%
|
12 365
-2%
|
12 654
+2%
|
12 609
0%
|
12 469
-1%
|
12 447
0%
|
12 222
-2%
|
12 457
+2%
|
12 931
+4%
|
14 008
+8%
|
15 043
+7%
|
15 915
+6%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 122)
|
(1 216)
|
(1 349)
|
(1 475)
|
(1 627)
|
(1 774)
|
(1 883)
|
(1 992)
|
(2 105)
|
(2 266)
|
(2 421)
|
(2 605)
|
(2 799)
|
(2 931)
|
(3 194)
|
(3 530)
|
(3 930)
|
(4 253)
|
(4 221)
|
(4 355)
|
(4 411)
|
(4 471)
|
(5 112)
|
(5 130)
|
(5 066)
|
(5 152)
|
(5 135)
|
(6 009)
|
(6 137)
|
(6 129)
|
(6 170)
|
(6 447)
|
(6 672)
|
(6 754)
|
(6 815)
|
(6 847)
|
(6 832)
|
(6 923)
|
(7 054)
|
(7 171)
|
(7 267)
|
|
Selling, General & Administrative |
(702)
|
(772)
|
(877)
|
(970)
|
(1 082)
|
(1 178)
|
(1 231)
|
(1 280)
|
(1 342)
|
(1 458)
|
(1 569)
|
(1 699)
|
(1 833)
|
(1 926)
|
(2 142)
|
(2 434)
|
(2 783)
|
(3 035)
|
(3 000)
|
(3 061)
|
(3 051)
|
(3 058)
|
(3 567)
|
(3 504)
|
(3 388)
|
(3 400)
|
(3 305)
|
(3 359)
|
(3 586)
|
(3 744)
|
(3 897)
|
(4 041)
|
(4 086)
|
(4 070)
|
(4 103)
|
(4 106)
|
(4 150)
|
(4 246)
|
(4 378)
|
(4 480)
|
(4 523)
|
|
Research & Development |
(419)
|
(445)
|
(472)
|
(505)
|
(545)
|
(596)
|
(651)
|
(711)
|
(764)
|
(808)
|
(852)
|
(906)
|
(966)
|
(1 005)
|
(1 053)
|
(1 096)
|
(1 147)
|
(1 218)
|
(1 222)
|
(1 294)
|
(1 360)
|
(1 413)
|
(1 545)
|
(1 626)
|
(1 678)
|
(1 752)
|
(1 830)
|
(1 901)
|
(2 003)
|
(2 113)
|
(2 274)
|
(2 406)
|
(2 586)
|
(2 685)
|
(2 711)
|
(2 741)
|
(2 682)
|
(2 676)
|
(2 676)
|
(2 691)
|
(2 744)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(749)
|
(548)
|
(271)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
367
N/A
|
420
+15%
|
403
-4%
|
403
0%
|
348
-14%
|
311
-11%
|
306
-2%
|
258
-16%
|
253
-2%
|
286
+13%
|
380
+33%
|
587
+55%
|
645
+10%
|
747
+16%
|
839
+12%
|
1 028
+23%
|
1 363
+33%
|
1 635
+20%
|
1 605
-2%
|
1 618
+1%
|
1 862
+15%
|
2 362
+27%
|
2 604
+10%
|
3 321
+28%
|
4 174
+26%
|
4 786
+15%
|
5 686
+19%
|
5 587
-2%
|
6 077
+9%
|
6 517
+7%
|
6 195
-5%
|
6 206
+0%
|
5 937
-4%
|
5 715
-4%
|
5 633
-1%
|
5 376
-5%
|
5 624
+5%
|
6 008
+7%
|
6 954
+16%
|
7 872
+13%
|
8 648
+10%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(37)
|
(42)
|
(50)
|
(104)
|
(126)
|
(144)
|
(164)
|
(115)
|
(99)
|
(95)
|
(119)
|
(143)
|
(238)
|
(303)
|
(353)
|
(467)
|
(387)
|
(397)
|
(379)
|
(291)
|
(463)
|
(329)
|
(542)
|
(645)
|
(762)
|
(1 247)
|
(1 386)
|
(1 149)
|
(1 080)
|
(721)
|
(354)
|
(421)
|
(122)
|
61
|
(369)
|
(622)
|
(815)
|
(911)
|
(749)
|
(521)
|
(462)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(218)
|
(419)
|
(696)
|
(1 101)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
330
N/A
|
378
+15%
|
349
-8%
|
299
-14%
|
222
-26%
|
167
-25%
|
142
-15%
|
143
+1%
|
154
+7%
|
191
+24%
|
261
+37%
|
444
+70%
|
407
-8%
|
444
+9%
|
485
+9%
|
561
+16%
|
976
+74%
|
1 238
+27%
|
1 226
-1%
|
1 327
+8%
|
1 399
+5%
|
2 032
+45%
|
2 062
+1%
|
2 458
+19%
|
2 993
+22%
|
2 842
-5%
|
3 199
+13%
|
4 438
+39%
|
4 996
+13%
|
5 796
+16%
|
5 840
+1%
|
5 785
-1%
|
5 815
+1%
|
5 776
-1%
|
5 264
-9%
|
4 753
-10%
|
4 809
+1%
|
5 097
+6%
|
6 205
+22%
|
7 351
+18%
|
8 186
+11%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(126)
|
(146)
|
(83)
|
(61)
|
(29)
|
(4)
|
(19)
|
(17)
|
(13)
|
(28)
|
(74)
|
(107)
|
(45)
|
(4)
|
153
|
189
|
93
|
66
|
(44)
|
(90)
|
(276)
|
(610)
|
(323)
|
(354)
|
(439)
|
(164)
|
(525)
|
(766)
|
(692)
|
(832)
|
(979)
|
(1 033)
|
(974)
|
(986)
|
(1 141)
|
(923)
|
(932)
|
(940)
|
(797)
|
(916)
|
(1 091)
|
|
Income from Continuing Operations |
204
|
232
|
267
|
237
|
193
|
163
|
123
|
127
|
141
|
163
|
187
|
337
|
362
|
440
|
638
|
750
|
1 069
|
1 304
|
1 182
|
1 236
|
1 123
|
1 423
|
1 739
|
2 104
|
2 554
|
2 679
|
2 674
|
3 672
|
4 305
|
4 964
|
4 861
|
4 752
|
4 840
|
4 789
|
4 123
|
3 831
|
3 877
|
4 156
|
5 408
|
6 435
|
7 095
|
|
Net Income (Common) |
204
N/A
|
232
+13%
|
267
+15%
|
237
-11%
|
193
-19%
|
163
-16%
|
123
-24%
|
127
+3%
|
141
+11%
|
163
+16%
|
187
+15%
|
337
+80%
|
362
+7%
|
440
+22%
|
559
+27%
|
671
+20%
|
990
+48%
|
1 263
+28%
|
1 211
-4%
|
1 265
+4%
|
1 152
-9%
|
1 414
+23%
|
1 867
+32%
|
2 232
+20%
|
2 682
+20%
|
2 806
+5%
|
2 761
-2%
|
3 759
+36%
|
4 392
+17%
|
5 051
+15%
|
5 116
+1%
|
5 007
-2%
|
5 095
+2%
|
5 044
-1%
|
4 492
-11%
|
4 200
-7%
|
4 246
+1%
|
4 525
+7%
|
5 408
+20%
|
6 435
+19%
|
7 095
+10%
|
|
EPS (Diluted) |
0.46
N/A
|
0.53
+15%
|
0.62
+17%
|
0.54
-13%
|
0.44
-19%
|
0.37
-16%
|
0.28
-24%
|
0.29
+4%
|
0.32
+10%
|
0.37
+16%
|
0.43
+16%
|
0.76
+77%
|
0.82
+8%
|
0.99
+21%
|
1.25
+26%
|
1.48
+18%
|
2.19
+48%
|
2.79
+27%
|
2.68
-4%
|
2.79
+4%
|
2.54
-9%
|
3.15
+24%
|
4.13
+31%
|
4.93
+19%
|
5.9
+20%
|
6.16
+4%
|
6.08
-1%
|
8.25
+36%
|
9.65
+17%
|
11.1
+15%
|
11.24
+1%
|
11.05
-2%
|
11.31
+2%
|
11.2
-1%
|
9.96
-11%
|
9.28
-7%
|
9.4
+1%
|
10.05
+7%
|
12.03
+20%
|
14.57
+21%
|
16.13
+11%
|