Capital Expenditures for Netflix (NFLX)
According to Netflix's latest reported financial statements, the company's current capital expenditures (TTM) is $756.07M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NFLX
Currently viewingCapital ExpendituresSwitch metric
Latest period
$756.07M
YoY change
+56.6%
5Y CAGR
+6.7%
Peak year (2025)
$688.22M
Cumulative capital expenditures
$5.31B
CapEx history chart for Netflix (NFLX) from 2001 to 2025
CapEx history table for Netflix (NFLX) from 2001 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $688.22M | +56.6% | ||
| 2024 | $439.54M | +26.1% | ||
| 2023 | $348.55M | -14.5% | ||
| 2022 | $407.73M | -22.3% | ||
| 2021 | $524.59M | +5.4% | ||
| 2020 | $497.92M | +96.8% | ||
| 2019 | $253.03M | +19.1% | ||
| 2018 | $212.53M | -6.4% | ||
| 2017 | $227.02M | +22.8% | ||
| 2016 | $184.83M | +9.2% | ||
| 2015 | $169.21M | +17.1% | ||
| 2014 | $144.52M | +20.4% | ||
| 2013 | $120.07M | +33.8% | ||
| 2012 | $89.73M | -33.5% | ||
| 2011 | $134.84M | +292.6% | ||
| 2010 | $34.34M | -85.6% | ||
| 2009 | $239.18M | +15.2% | ||
| 2008 | $207.70M | +363.6% | ||
| 2007 | $44.81M | -77.3% | ||
| 2006 | $197.45M | +544.8% | ||
| 2005 | $30.62M | +104.6% | ||
| 2004 | $14.96M | -76.8% | ||
| 2003 | $64.49M | +140.5% | ||
| 2002 | $26.82M | +122.0% | ||
| 2001 | $12.08M | — |
CapEx values are taken from Netflix's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Netflix (NFLX) capital expenditures totalled $688.22M – surged 56.6% year-over-year.
Netflix capital expenditures compound annual growth for the 2020–2025 (5 years) window is +6.7%, sustaining 2 straight years of year-over-year growth.
2025 marks the peak capital expenditures at $688.22M, with the historical low of $12.08M recorded in 2001.
Within Communication Services, Netflix (NFLX) ranks 8th among 8 peers we track. The peer median for capital expenditures is $14.38B.
Netflix Capital Expenditures by Year
Netflix Capital Expenditures 2025: $688.22M
Netflix capital expenditures in 2025 was $688.22M, surged 56.6% from 2024. This figure represents the highest annual value in the available history.
Netflix Capital Expenditures 2024: $439.54M
Netflix capital expenditures in 2024 was $439.54M, grew 26.1% from 2023.
Netflix Capital Expenditures 2023: $348.55M
Netflix capital expenditures in 2023 was $348.55M, declined 14.5% below 2022.
Netflix Capital Expenditures 2022: $407.73M
Netflix capital expenditures in 2022 was $407.73M, declined 22.3% below 2021.
Netflix Capital Expenditures 2021: $524.59M
Netflix capital expenditures in 2021 was $524.59M.
See more financial history for Netflix (NFLX).
Sector peers — CapEx
Companies in the same sector as Netflix, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $91.45B | Communication Services |
| Meta Platforms, Inc. (META) | $69.69B | Communication Services |
| AT&T Inc. (T) | $20.84B | Communication Services |
| Verizon Communications Inc. (VZ) | $17.01B | Communication Services |
| Comcast Corporation (CMCSA) | $11.75B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $9.96B | Communication Services |
| The Walt Disney Company (DIS) | $8.02B | Communication Services |
| Spotify Technology S.A. (SPOT) | $61.00M | Communication Services |
Frequently asked questions
What is Netflix's capital expenditures?
- Latest reported capital expenditures for Netflix (NFLX) is $756.07M (period ending March 31, 2026).
How has Netflix capital expenditures changed year-over-year?
- Netflix (NFLX) capital expenditures changed +56.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Netflix capital expenditures?
- Netflix (NFLX) capital expenditures compound annual growth rate is +6.7% over the most recent 5 years available.
When did Netflix capital expenditures hit its highest annual value?
- Netflix capital expenditures reached its highest annual value of $688.22M in 2025.
What was Netflix capital expenditures in 2024?
- Netflix (NFLX) capital expenditures in 2024 was $439.54M.
What was Netflix capital expenditures in 2025?
- Netflix (NFLX) capital expenditures in 2025 was $688.22M.
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