Netflix, Inc. — NFLX

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$86.02$362.21B27.722.415.2%12.8%-11.6

Latest Headlines

Revenue & Net Income

Revenue & Net Income
Date Revenue Net_Income EPS Last_Updated Revenue_Change Net_Income_Change EPS_Change
0 2020-12-31 $24,996M $2,761M $0.63 2025-12-18 08:29:28 N/A N/A N/A
1 2021-12-31 $29,698M $5,116M $1.16 2025-12-18 08:29:28 18.8% 85.3% 84.5%
2 2022-12-31 $31,616M $4,492M $1.01 2026-05-29 09:12:33 6.5% -12.2% -12.6%
3 2023-12-31 $33,723M $5,408M $1.23 2026-05-29 09:12:33 6.7% 20.4% 21.3%
4 2024-12-31 $39,001M $8,712M $2.03 2026-05-29 09:12:33 15.6% 61.1% 65.6%
5 2025-12-31 $45,183M $10,981M $2.58 2026-05-29 09:12:33 15.9% 26.1% 27.2%
6 TTM 2026-03-31 $46,890M $13,374M $3.10 2026-04-20 08:51:09 3.8% 21.8% 20.2%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

NFLX Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 2027 Average
Revenue Growth (%) 18.8% 6.5% 6.7% 15.6% 15.9% 13.8% 11.7% 12.7%
Revenue Analysts (#) 0 0 0 0 0 0 46 45
EPS Growth (%) 85.3% -12.2% 20.4% 61.1% 26.1% 37.8% 6.6% 32.2%
EPS Analysts (#) 0 0 0 0 0 0 40 43

Forward Estimate History

How the next-FY EPS and revenue estimates have drifted over time. One line per fiscal year – past lines end when that FY became current.

Forward EPS projection history by FY Forward revenue projection history by FY

Expenses

Revenue vs Expenses
Year Revenue ($) Cost of Revenue ($) R&D ($) Sales & Marketing ($) G&A ($) SG&A ($) Facilities / D&A ($)
2022 $31.6B $4.8B $2.7B $2.5B $1.6B $4.1B $14.4B
2023 $33.7B $5.2B $2.7B $2.7B $1.7B $4.4B $14.6B
2024 $39.0B $5.4B $2.9B $2.9B $1.7B $4.6B $15.6B
2025 $45.2B $6.5B $3.4B $3.3B $1.9B $5.2B $16.8B
TTM $46.9B $6.7B $3.5B $3.5B $2.1B $5.5B $17.2B
Expenses % of Revenue
Year Revenue Change (%) Cost of Revenue Change (%) R&D Change (%) Sales & Marketing Change (%) G&A Change (%) SG&A Change (%) Facilities / D&A Change (%)
2023 6.67 7.40 -1.30 5.03 9.37 6.70 1.33
2024 15.65 4.79 9.33 9.77 -1.06 5.51 7.39
2025 15.85 20.56 15.93 13.15 10.95 12.34 7.20
TTM 3.78 3.25 4.04 4.66 9.59 6.45 2.47
No unmapped expenses.

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $61,016M
1 Cash $12,260M
2 Total Liabilities $29,890M
3 Total Debt $14,361M
4 Total Equity $31,126M
5 Debt to Equity Ratio 0.46

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$86.02 4.5% Nicks Growth: 11%
Nick's Expected Margin: 14%
FINVIZ Growth: 22%
Nicks: 19
Finviz: 50
Nick's: 2.640 7.7 27.7
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$3.10 EPS TTM $58.45 -32.1% $154.67 79.8%
$3.59 EPS 2026 $67.76 -21.2% $179.32 108.5%
$3.83 EPS 2027 $72.22 -16.0% $191.12 122.2%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 19.81% 16.05% 20.06% 15.06% 2.59% 7.05% 15.24% 12.89% 0.8% 17.4%
3 Years 19.81% 16.05% 20.06% 15.06% 2.59% 7.05% 15.24% 12.89% 0.8% 17.4%
5 Years 19.81% 16.05% 20.06% 15.06% 2.59% 7.05% 15.24% 12.89% 0.8% 17.4%
10 Years 19.81% 16.05% 20.06% 15.06% 2.59% 7.05% 15.24% 12.89% 0.8% 17.4%

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