Gross Profit for Netflix (NFLX)
According to Netflix's latest reported financial statements, the company's current gross profit (TTM) is $22.99B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NFLX
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$22.99B
YoY change
+22.0%
5Y CAGR
+17.6%
Peak year (2025)
$21.91B
Cumulative gross profit
$119.49B
Gross Profit history chart for Netflix (NFLX) from 2000 to 2025
Gross Profit history table for Netflix (NFLX) from 2000 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $21.91B | +22.0% | ||
| 2024 | $17.96B | +28.2% | ||
| 2023 | $14.01B | +12.5% | ||
| 2022 | $12.45B | +0.7% | ||
| 2021 | $12.37B | +27.2% | ||
| 2020 | $9.72B | +26.0% | ||
| 2019 | $7.72B | +32.4% | ||
| 2018 | $5.83B | +44.5% | ||
| 2017 | $4.03B | +44.0% | ||
| 2016 | $2.80B | +28.0% | ||
| 2015 | $2.19B | +24.9% | ||
| 2014 | $1.75B | +35.7% | ||
| 2013 | $1.29B | +31.3% | ||
| 2012 | $983.42M | -15.6% | ||
| 2011 | $1.16B | +44.6% | ||
| 2010 | $805.27M | +36.3% | ||
| 2009 | $591.00M | +30.1% | ||
| 2008 | $454.43M | +8.4% | ||
| 2007 | $419.17M | +13.4% | ||
| 2006 | $369.68M | +69.8% | ||
| 2005 | $217.66M | -5.3% | ||
| 2004 | $229.77M | +85.5% | ||
| 2003 | $123.88M | +65.9% | ||
| 2002 | $74.67M | +187.1% | ||
| 2001 | $26.00M | +135.7% | ||
| 2000 | $11.03M | — |
Gross Profit values are taken from Netflix's reported income 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) gross profit totalled $21.91B – grew 22.0% year-over-year.
Netflix gross profit compound annual growth for the 2020–2025 (5 years) window is +17.6%, sustaining 13 straight years of year-over-year growth.
Across the available history, gross profit reached its high of $21.91B in 2025 and its low of $11.03M in 2000.
Among 8 Communication Services peers, Netflix (NFLX) ranks 8th; the peer median for gross profit is $68.69B.
Netflix Gross Profit by Year
Netflix Gross Profit 2025: $21.91B
Netflix gross profit in 2025 was $21.91B, grew 22.0% from 2024. This figure represents the highest annual value in the available history.
Netflix Gross Profit 2024: $17.96B
Netflix gross profit in 2024 was $17.96B, grew 28.2% from 2023.
Netflix Gross Profit 2023: $14.01B
Netflix gross profit in 2023 was $14.01B, grew 12.5% from 2022.
Netflix Gross Profit 2022: $12.45B
Netflix gross profit in 2022 was $12.45B, edged up 0.7% from 2021.
Netflix Gross Profit 2021: $12.37B
Netflix gross profit in 2021 was $12.37B.
See more financial history for Netflix (NFLX).
Sector peers — Gross Profit
Companies in the same sector as Netflix, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $240.43B | Communication Services |
| Meta Platforms, Inc. (META) | $164.79B | Communication Services |
| AT&T Inc. (T) | $100.22B | Communication Services |
| Comcast Corporation (CMCSA) | $74.31B | Communication Services |
| Verizon Communications Inc. (VZ) | $63.08B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $42.07B | Communication Services |
| The Walt Disney Company (DIS) | $35.66B | Communication Services |
| Spotify Technology S.A. (SPOT) | $5.50B | Communication Services |
Frequently asked questions
What is Netflix's gross profit?
- Latest reported gross profit for Netflix (NFLX) is $22.99B (period ending March 31, 2026).
How has Netflix gross profit changed year-over-year?
- Netflix (NFLX) gross profit changed +22.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Netflix gross profit?
- Netflix (NFLX) gross profit compound annual growth rate is +17.6% over the most recent 5 years available.
When did Netflix gross profit hit its highest annual value?
- Netflix gross profit reached its highest annual value of $21.91B in 2025.
What was Netflix gross profit in 2024?
- Netflix (NFLX) gross profit in 2024 was $17.96B.
What was Netflix gross profit in 2025?
- Netflix (NFLX) gross profit in 2025 was $21.91B.
Metrics overview
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