Operating Income for Netflix (NFLX)
According to Netflix's latest reported financial statements, the company's current operating income (TTM) is $13.94B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NFLX
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$13.94B
YoY change
+27.9%
5Y CAGR
+23.8%
Peak year (2025)
$13.33B
Cumulative operating income
$54.57B
Operating Income history chart for Netflix (NFLX) from 2000 to 2025
Operating Income history table for Netflix (NFLX) from 2000 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $13.33B | +27.9% | ||
| 2024 | $10.42B | +49.8% | ||
| 2023 | $6.95B | +23.5% | ||
| 2022 | $5.63B | -9.1% | ||
| 2021 | $6.19B | +35.1% | ||
| 2020 | $4.59B | +76.1% | ||
| 2019 | $2.60B | +62.2% | ||
| 2018 | $1.61B | +91.4% | ||
| 2017 | $838.68M | +120.8% | ||
| 2016 | $379.79M | +24.2% | ||
| 2015 | $305.83M | -24.0% | ||
| 2014 | $402.65M | +76.3% | ||
| 2013 | $228.35M | +356.8% | ||
| 2012 | $49.99M | -86.7% | ||
| 2011 | $376.07M | +32.6% | ||
| 2010 | $283.64M | +47.8% | ||
| 2009 | $191.94M | +58.0% | ||
| 2008 | $121.51M | +33.3% | ||
| 2007 | $91.16M | +41.5% | ||
| 2006 | $64.41M | +2055.0% | ||
| 2005 | $2.99M | -84.6% | ||
| 2004 | $19.35M | +332.8% | ||
| 2003 | $4.47M | -138.3% | ||
| 2002 | -$11.67M | -68.6% | ||
| 2001 | -$37.23M | -36.3% | ||
| 2000 | -$58.47M | — |
Operating Income 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
The 2025 reading of Netflix (NFLX) operating income is $13.33B – grew 27.9% year-over-year.
Across 2020–2025 (5 years), Netflix operating income produced a CAGR of +23.8% – sustaining 3 straight years of year-over-year growth.
2025 marks the peak operating income at $13.33B, with the historical low of -$58.47M recorded in 2000.
Within Communication Services, Netflix (NFLX) ranks 8th among 8 peers we track. The peer median for operating income is $22.42B.
Netflix Operating Income by Year
Netflix Operating Income 2025: $13.33B
Netflix operating income in 2025 was $13.33B, grew 27.9% from 2024. This figure represents the highest annual value in the available history.
Netflix Operating Income 2024: $10.42B
Netflix operating income in 2024 was $10.42B, surged 49.8% from 2023.
Netflix Operating Income 2023: $6.95B
Netflix operating income in 2023 was $6.95B, grew 23.5% from 2022.
Netflix Operating Income 2022: $5.63B
Netflix operating income in 2022 was $5.63B, declined 9.1% below 2021.
Netflix Operating Income 2021: $6.19B
Netflix operating income in 2021 was $6.19B.
See more financial history for Netflix (NFLX).
Sector peers — Operating Income
Companies in the same sector as Netflix, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $129.17B | Communication Services |
| Meta Platforms, Inc. (META) | $83.28B | Communication Services |
| Verizon Communications Inc. (VZ) | $29.26B | Communication Services |
| AT&T Inc. (T) | $24.16B | Communication Services |
| Comcast Corporation (CMCSA) | $20.67B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $18.74B | Communication Services |
| The Walt Disney Company (DIS) | $13.83B | Communication Services |
| Spotify Technology S.A. (SPOT) | $2.20B | Communication Services |
Frequently asked questions
What is Netflix's operating income?
- Latest reported operating income for Netflix (NFLX) is $13.94B (period ending March 31, 2026).
How has Netflix operating income changed year-over-year?
- Netflix (NFLX) operating income changed +27.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Netflix operating income?
- Netflix (NFLX) operating income compound annual growth rate is +23.8% over the most recent 5 years available.
When did Netflix operating income hit its highest annual value?
- Netflix operating income reached its highest annual value of $13.33B in 2025.
What was Netflix operating income in 2024?
- Netflix (NFLX) operating income in 2024 was $10.42B.
What was Netflix operating income in 2025?
- Netflix (NFLX) operating income in 2025 was $13.33B.
Metrics overview
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