Operating CF
$12.65B
Capex
−$756.07M
Free Cash Flow
$11.89B
FCF Margin
+94.0%
Cash flow waterfall for Netflix (NFLX) — TTM through Q1 2026
Free cash flow: $11.89B
Cash flow breakdown for Netflix (NFLX) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | $12.65B | $12.65B |
| Capital Expenditure | −$756.07M | $11.89B |
| Free Cash Flow | $11.89B | $11.89B |
| Acquisitions | −$585.74M | $11.31B |
| Other Investing | $1.12B | $12.42B |
| Share Buybacks | −$6.86B | $5.56B |
| Net Debt Change | −$1.03B | $4.53B |
| Other Financing & FX | $533.22M | $5.06B |
| Net Cash Increase | $5.06B | $5.06B |
- Operating Cash Flow$12.65B
- Capital Expenditure−$756.07M
- Free Cash Flow$11.89B
- Acquisitions−$585.74M
- Other Investing$1.12B
- Share Buybacks−$6.86B
- Net Debt Change−$1.03B
- Other Financing & FX$533.22M
- Net Cash Increase$5.06B
Want to see what drove the FCF change?Free Cash Flow Bridge
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