Free Cash Flow for Netflix (NFLX)
Free Cash Flow for Netflix (NFLX): headline value $11.89B · YoY +36.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
NFLX
Currently viewingFree Cash FlowSwitch metric
Latest period
$11.89B
YoY change
+36.7%
5Y CAGR
+37.4%
Peak year (2025)
$9.46B
Latest annual
$9.46B
Free Cash Flow history chart for Netflix (NFLX) from 2001 to 2025
Free Cash Flow history table for Netflix (NFLX) from 2001 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $9.46B | +36.7% | ||
| 2024 | $6.92B | -0.1% | ||
| 2023 | $6.93B | +327.9% | ||
| 2022 | $1.62B | -1326.4% | ||
| 2021 | -$131.97M | -106.8% | ||
| 2020 | $1.93B | -161.4% | ||
| 2019 | -$3.14B | +8.5% | ||
| 2018 | -$2.89B | +43.7% | ||
| 2017 | -$2.01B | +21.3% | ||
| 2016 | -$1.66B | +80.6% | ||
| 2015 | -$918.64M | +617.5% | ||
| 2014 | -$128.03M | +475.7% | ||
| 2013 | -$22.24M | -66.8% | ||
| 2012 | -$66.97M | -136.6% | ||
| 2011 | $182.88M | -24.4% | ||
| 2010 | $242.06M | +181.8% | ||
| 2009 | $85.89M | +12.5% | ||
| 2008 | $76.34M | -69.1% | ||
| 2007 | $247.02M | +390.0% | ||
| 2006 | $50.42M | -61.9% | ||
| 2005 | $132.36M | -0.2% | ||
| 2004 | $132.61M | +424.1% | ||
| 2003 | $25.30M | +90.3% | ||
| 2002 | $13.29M | -283.7% | ||
| 2001 | -$7.24M | — |
Free Cash Flow 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
As of the 2025 fiscal year, Netflix (NFLX) reported free cash flow of $9.46B – surged 36.7% year-over-year.
Netflix free cash flow compound annual growth for the 2020–2025 (5 years) window is +37.4%, with the latest reading among the more recent periods of the dataset.
The dataset's maximum free cash flow sits at $9.46B (2025); the minimum reading of -$3.14B dates to 2019.
Within Communication Services, Netflix (NFLX) ranks 8th among 8 peers we track. The peer median for free cash flow is $19.78B.
Netflix Free Cash Flow by Year
Netflix Free Cash Flow 2025: $9.46B
Netflix free cash flow in 2025 was $9.46B, surged 36.7% from 2024. This figure represents the highest annual value in the available history.
Netflix Free Cash Flow 2024: $6.92B
Netflix free cash flow in 2024 was $6.92B, edged down 0.1% below 2023.
Netflix Free Cash Flow 2023: $6.93B
Netflix free cash flow in 2023 was $6.93B, surged 327.9% from 2022.
Netflix Free Cash Flow 2022: $1.62B
Netflix free cash flow in 2022 was $1.62B, plunged 1326.4% below 2021.
Netflix Free Cash Flow 2021: -$131.97M
Netflix free cash flow in 2021 was -$131.97M.
See more financial history for Netflix (NFLX).
Sector peers — Free Cash Flow
Companies in the same sector as Netflix, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $73.27B | Communication Services |
| Meta Platforms, Inc. (META) | $46.11B | Communication Services |
| Comcast Corporation (CMCSA) | $21.89B | Communication Services |
| Verizon Communications Inc. (VZ) | $20.13B | Communication Services |
| AT&T Inc. (T) | $19.44B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $18.00B | Communication Services |
| The Walt Disney Company (DIS) | $10.08B | Communication Services |
| Spotify Technology S.A. (SPOT) | $2.87B | Communication Services |
Frequently asked questions
What is Netflix's free cash flow?
Latest reported free cash flow for Netflix (NFLX) is $11.89B (period ending March 31, 2026).
How has Netflix free cash flow changed year-over-year?
Netflix (NFLX) free cash flow changed +36.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Netflix free cash flow?
Netflix (NFLX) free cash flow compound annual growth rate is +37.4% over the most recent 5 years available.
When did Netflix free cash flow hit its highest annual value?
Netflix free cash flow reached its highest annual value of $9.46B in 2025.
What was Netflix free cash flow in 2024?
Netflix (NFLX) free cash flow in 2024 was $6.92B.
What was Netflix free cash flow in 2025?
Netflix (NFLX) free cash flow in 2025 was $9.46B.
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