FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

NFLX
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 37% to $9.5B — the highest of its last 8 readings, and covered net income 0.86×.

CASH FROM OPS +37.9%
10,149 22.5% MGN
CAPITAL EXPENDITURE +56.6%
688
FREE CASH FLOW +36.7%
9,461
FCF / NET INCOME +8.4%
0.86× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
1,211 1,867 2,761 5,116 4,492 5,408 8,712 10,981 +26.1% 13,650 2024-09-30 · $2.4B2024-12-31 · $1.9B2025-03-31 · $2.9B2025-06-30 · $3.1B2025-09-30 · $2.5B2025-12-31 · $2.4B2026-03-31 · $5.3B2026-06-30 · $3.4B
Depreciation & amortization
83 104 116 208 337 357 329 333 +1.4% 372
Stock-based comp
321 405 415 403 575 339 273 368 +35.2% 487
Cash from operations
-2,680 -2,887 2,427 393 2,026 7,274 7,361 10,149 +37.9% 11,971 2024-09-30 · $2.3B2024-12-31 · $1.5B2025-03-31 · $2.8B2025-06-30 · $2.4B2025-09-30 · $2.8B2025-12-31 · $2.1B2026-03-31 · $5.3B2026-06-30 · $1.7B
Cash conversion
-2.21× -1.55× 0.88× 0.08× 0.45× 1.35× 0.85× 0.92× +9.4% 0.88×
Capital expenditures
(174) (253) (498) (525) (408) (349) (440) (688) +56.6% (819)
Free cash flow
-2,854 -3,140 1,929 -132 1,619 6,926 6,922 9,461 +36.7% 11,152 2024-09-30 · $2.2B2024-12-31 · $1.4B2025-03-31 · $2.7B2025-06-30 · $2.3B2025-09-30 · $2.7B2025-12-31 · $1.9B2026-03-31 · $5.1B2026-06-30 · $1.5B
FCF margin
-18.1% -15.6% 7.7% -0.4% 5.1% 20.5% 17.7% 20.9% +18.0% 23.1%
Cash from investing
-339 -387 -505 -1,340 -2,076 542 -2,182 1,042 — -1,213
Share repurchases
NOT DISCLOSED
— 0 0 600 0 6,045 6,264 9,127 +45.7% 9,921
Debt repayment
NOT DISCLOSED
— 0 0 500 700 0 400 1,833 4.6× 0
Cash from financing
4,049 4,506 1,237 -1,150 -664 -5,951 -4,074 -10,346 — -9,715
Net change in cash
989 1,232 3,195 -2,184 -885 1,948 689 1,232 +78.8% 922
Ending cash balance
3,794 5,018 8,206 6,028 5,147 7,117 7,805 9,034 +15.7% 9,099

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM6,922 CASH FROM OPERATIONS+2,788 CAPITAL EXPENDITURES-249 TO9,461
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-17 ↗