NFLX10-Kfiled 2026-01-23

Netflix's 10-K: fiscal year ended 2025-12-31

Annual report, fiscal year ended 2025-12-31.

Read the filing on sec.gov ↗All documents and exhibits ↗Accession 0001065280-26-000034

What changed

Each line against the same period a year earlier. The math is under each line; the filing is one click away.

Latest fiscal year vs the year before

10-K filed 2026-01-23 ↗

Year ended	2024-12-31	2025-12-31	Change
Revenue(45,183 − 39,001) ÷ \|39,001\| × 100 = +15.9% ($ millions)	$39.0B	$45.2B	+15.9%
Operating income(13,327 − 10,418) ÷ \|10,418\| × 100 = +27.9% ($ millions)	$10.4B	$13.3B	+27.9%
Net income(10,981 − 8,712) ÷ \|8,712\| × 100 = +26.1% ($ millions)	$8.7B	$11.0B	+26.1%
Diluted earnings per share(2.53 − 1.98) ÷ \|1.98\| × 100 = +27.8% ($ a share)	$1.98	$2.53	+27.8%
Diluted share count (weighted)(4,344 − 4,393) ÷ \|4,393\| × 100 = −1.1% (millions of shares)	4.39B	4.34B	−1.1%
Research and development(3,391 − 2,925) ÷ \|2,925\| × 100 = +15.9% ($ millions)	$2.9B	$3.4B	+15.9%
Operating cash flow(10,149 − 7,361) ÷ \|7,361\| × 100 = +37.9% ($ millions)	$7.4B	$10.1B	+37.9%

Both columns as reported in the latest filing, so a restated prior period shows its restated figure. n/m: not meaningful (the prior figure is zero or of the other sign). Concepts: us-gaap:Revenues, us-gaap:OperatingIncomeLoss, us-gaap:NetIncomeLoss, us-gaap:EarningsPerShareDiluted, us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding, us-gaap:ResearchAndDevelopmentExpense, us-gaap:NetCashProvidedByUsedInOperatingActivities.

NFLX’s other recent filings

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2026-10-21	10-Q	Quarterly report, period ended 2026-09-30
2026-10-20	8-K	Current report: Results of operations
2026-07-30	8-K	Current report: Director or officer departure or appointment sec.gov ↗
2026-07-22	8-K	Current report: Other events sec.gov ↗
2026-07-17	10-Q	Quarterly report, period ended 2026-06-30
2026-07-16	8-K	Current report: Results of operations
2026-06-05	8-K	Current report: Shareholder vote results; Other events sec.gov ↗
2026-04-23	8-K	Current report: Other events sec.gov ↗

Not financial advice. For education only.