How much revenue does Netflix (NFLX) generate?

Netflix (NFLX) generated $46.89B in total revenue in TTM through Q1 2026, with a net profit margin of 28.5%, equivalent to roughly $13.37B in net income — what remains after every operating cost, interest payment, and income tax has been paid.

What is the gross profit margin of Netflix (NFLX)?

Netflix (NFLX) reported a gross profit margin of 49% in TTM through Q1 2026, equivalent to $22.99B in gross profit on $46.89B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Netflix (NFLX)?

Netflix (NFLX) reported an operating profit margin of 29.7% in TTM through Q1 2026, equivalent to $13.94B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Netflix (NFLX)?

Netflix (NFLX) reported a net profit margin of 28.5% in TTM through Q1 2026, equivalent to $13.37B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Netflix (NFLX) profitable?

Yes. Netflix (NFLX) reported $13.37B in net income for TTM through Q1 2026, with a net profit margin of 28.5%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Netflix (NFLX) invest in research and development?

Netflix (NFLX) invested $3.53B in research and development during TTM through Q1 2026, roughly 7.5% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

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

Netflix (NFLX) spent $756.07M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Netflix (NFLX) generate?

Netflix (NFLX) generated $11.89B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 25.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Netflix (NFLX)?

Netflix (NFLX) had an effective tax rate of 16.7% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

Where does Netflix (NFLX) generate most of its revenue?

United States And Canada is the largest geographic market for Netflix (NFLX), accounting for 43.9% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Netflix Makes Money: 2026 Visual Revenue Map

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).

Netflix (NFLX) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Netflix (NFLX), TTM through Q1 2026
Region	Revenue (USD)	% of total
United States And Canada	$20.59B	43.9%
EMEA	$15.11B	32.2%
Asia Pacific	$5.60B	12%
Latin America	$5.59B	11.9%
Total	$46.89B	100%

United States And Canada
EMEA
Asia Pacific
Latin America
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Netflix (NFLX) generated 43.9% of revenue from United States And Canada, followed by EMEA (32.2%) and Asia Pacific (12%).

Frequently asked questions

Data & methodology

Netflix (NFLX) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

NFLX Overview

Counters

Income Statement

Cash Flow

Capital Return

Forecast & Valuation