Shares Outstanding for Netflix (NFLX)
According to Netflix's latest reported financial statements, the company's latest reported diluted shares outstanding is 4.30B. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
NFLX
Currently viewingShares OutstandingSwitch metric
Latest period
4.30B
YoY change
-1.7%
5Y CAGR
-1.0%
Peak year (2003)
8.80B
Latest annual
4.32B
Shares Outstanding history chart for Netflix (NFLX) from 2000 to 2025
Shares Outstanding history table for Netflix (NFLX) from 2000 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 4.32B | -1.7% | ||
| 2024 | 4.39B | -2.3% | ||
| 2023 | 4.49B | -0.4% | ||
| 2022 | 4.51B | -0.9% | ||
| 2021 | 4.55B | +0.3% | ||
| 2020 | 4.54B | +0.5% | ||
| 2019 | 4.52B | +0.1% | ||
| 2018 | 4.51B | +1.0% | ||
| 2017 | 4.47B | +1.9% | ||
| 2016 | 4.39B | +0.5% | ||
| 2015 | 4.36B | +1.1% | ||
| 2014 | 4.32B | +1.5% | ||
| 2013 | 4.25B | +3.2% | ||
| 2012 | 4.12B | +8.3% | ||
| 2011 | 3.81B | +0.1% | ||
| 2010 | 3.80B | -7.0% | ||
| 2009 | 4.09B | -7.0% | ||
| 2008 | 4.40B | -8.8% | ||
| 2007 | 4.82B | -0.3% | ||
| 2006 | 4.84B | +5.4% | ||
| 2005 | 4.59B | +1.2% | ||
| 2004 | 4.53B | -48.5% | ||
| 2003 | 8.80B | +123.0% | ||
| 2002 | 3.95B | +286.1% | ||
| 2001 | 1.02B | +158.3% | ||
| 2000 | 395.92M | — |
Shares Outstanding 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) diluted shares outstanding totalled 4.32B – edged down 1.7% year-over-year.
Netflix diluted shares outstanding has contracted on net over the period, with a -1.0% compound annual growth rate over 2020–2025 (5 years).
Netflix diluted shares outstanding plunged from 8.80B in 2003 to 4.32B in 2025, a 51.0% drawdown.
The dataset's maximum diluted shares outstanding sits at 8.80B (2003); the minimum reading of 395.92M dates to 2000.
Among 8 Communication Services peers, Netflix (NFLX) ranks 3rd; the peer median for diluted shares outstanding is 3.10B.
Netflix Shares Outstanding by Year
Netflix Shares Outstanding 2025: 4.32B
Netflix diluted shares outstanding in 2025 was 4.32B, edged down 1.7% below 2024.
Netflix Shares Outstanding 2024: 4.39B
Netflix diluted shares outstanding in 2024 was 4.39B, edged down 2.3% below 2023.
Netflix Shares Outstanding 2023: 4.49B
Netflix diluted shares outstanding in 2023 was 4.49B, edged down 0.4% below 2022.
Netflix Shares Outstanding 2022: 4.51B
Netflix diluted shares outstanding in 2022 was 4.51B, edged down 0.9% below 2021.
Netflix Shares Outstanding 2021: 4.55B
Netflix diluted shares outstanding in 2021 was 4.55B.
See more financial history for Netflix (NFLX).
Sector peers — Shares Outstanding
Companies in the same sector as Netflix, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | 12.23B | Communication Services |
| AT&T Inc. (T) | 7.18B | Communication Services |
| Verizon Communications Inc. (VZ) | 4.23B | Communication Services |
| Comcast Corporation (CMCSA) | 3.64B | Communication Services |
| Meta Platforms, Inc. (META) | 2.57B | Communication Services |
| The Walt Disney Company (DIS) | 1.81B | Communication Services |
| T-Mobile US, Inc. (TMUS) | 1.13B | Communication Services |
| Spotify Technology S.A. (SPOT) | 210.51M | Communication Services |
Frequently asked questions
What is Netflix's diluted shares outstanding?
- Latest reported diluted shares outstanding for Netflix (NFLX) is 4.30B (period ending March 31, 2026).
How has Netflix diluted shares outstanding changed year-over-year?
- Netflix (NFLX) diluted shares outstanding changed -1.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Netflix diluted shares outstanding?
- Netflix (NFLX) diluted shares outstanding compound annual growth rate is -1.0% over the most recent 5 years available.
When did Netflix diluted shares outstanding hit its highest annual value?
- Netflix diluted shares outstanding reached its highest annual value of 8.80B in 2003.
What was Netflix diluted shares outstanding in 2024?
- Netflix (NFLX) diluted shares outstanding in 2024 was 4.39B.
What was Netflix diluted shares outstanding in 2025?
- Netflix (NFLX) diluted shares outstanding in 2025 was 4.32B.
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