How much revenue does Netflix (NFLX) generate?

Netflix (NFLX) generated $46.89B in total revenue for TTM through Q1 2026 with a net profit margin of 28.5%.

What is Netflix (NFLX) gross profit margin?

Netflix (NFLX) reported a gross profit margin of 49% for TTM through Q1 2026, equivalent to $22.99B in gross profit. This means Netflix retains 49% of each revenue unit after direct costs of production.

What is Netflix (NFLX) operating profit margin?

Netflix (NFLX) reported an operating profit margin of 29.7% for TTM through Q1 2026, equivalent to $13.94B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Netflix (NFLX) net profit margin?

Netflix (NFLX) reported a net profit margin of 28.5% for TTM through Q1 2026, equivalent to $13.37B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Netflix (NFLX) invest in R&D?

Netflix (NFLX) invested $3.53B in research and development in TTM through Q1 2026 (7.5% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Netflix (NFLX) spend on capital expenditures?

Netflix (NFLX) spent $756.07M on capital expenditures in TTM through Q1 2026 (1.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Netflix (NFLX) free cash flow?

Netflix (NFLX) generated $11.89B in free cash flow for TTM through Q1 2026 (25.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Netflix (NFLX) effective tax rate?

Netflix (NFLX) had an effective tax rate of 16.7% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Netflix (NFLX) Makes Money: A Visual Guide

Netflix (NFLX) generated $46.89B in revenue, earning $13.37B in net profit (28.5% margin). Below is an interactive breakdown of how revenue flows through the income statement.

Netflix (NFLX) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 17, 2026).

Frequently asked questions

How much revenue does Netflix (NFLX) generate?: Netflix (NFLX) generated $46.89B in total revenue for TTM through Q1 2026 with a net profit margin of 28.5%.
What is Netflix (NFLX) gross profit margin?: Netflix (NFLX) reported a gross profit margin of 49% for TTM through Q1 2026, equivalent to $22.99B in gross profit. This means Netflix retains 49% of each revenue unit after direct costs of production.
What is Netflix (NFLX) operating profit margin?: Netflix (NFLX) reported an operating profit margin of 29.7% for TTM through Q1 2026, equivalent to $13.94B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Netflix (NFLX) net profit margin?: Netflix (NFLX) reported a net profit margin of 28.5% for TTM through Q1 2026, equivalent to $13.37B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Netflix (NFLX) invest in R&D?: Netflix (NFLX) invested $3.53B in research and development in TTM through Q1 2026 (7.5% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Netflix (NFLX) spend on capital expenditures?: Netflix (NFLX) spent $756.07M on capital expenditures in TTM through Q1 2026 (1.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Netflix (NFLX) free cash flow?: Netflix (NFLX) generated $11.89B in free cash flow for TTM through Q1 2026 (25.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Netflix (NFLX) effective tax rate?: Netflix (NFLX) had an effective tax rate of 16.7% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.