Netflix (NFLX) Capital Expenditures (2009 - 2026)
Netflix (NFLX) posted Capital Expenditures of $218.6 million for Q2 2026, up 11.48% on a QoQ basis from $196.1 million in Q1 2026, and up 40.26% year-over-year from $155.9 million in Q2 2025.
Analysis
Netflix (NFLX) Capital Expenditures (2009 - 2026) Analysis & Trends
Netflix has reported Capital Expenditures for 18 years, with the latest figure at $218.6 million in Q2 2026.
- On a quarterly basis, Capital Expenditures rose 40.26% year-over-year to $218.6 million in Q2 2026; TTM through Jun 2026 was $818.8 million, a 43.73% increase from a year earlier, with the FY2025 full-year figure at $688.2 million, up 56.58% from the prior year.
- Capital Expenditures was $218.6 million for Q2 2026 at Netflix, up from $196.1 million in the prior quarter.
- The five-year high for Capital Expenditures was $239.3 million in Q4 2025, with the low at $62.0 million in Q1 2023.
- Average Capital Expenditures over 5 years is $127.7 million, with a median of $116.4 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2025: Capital Expenditures plunged 49.23% in 2022, then soared 99.13% in 2025.
- Over 5 years, Capital Expenditures stood at $111.6 million in 2022, then retreated by 26.85% to $81.6 million in 2023, then surged by 94.38% to $158.7 million in 2024, then soared by 50.83% to $239.3 million in 2025, then retreated by 8.65% to $218.6 million in 2026.
- The last three Capital Expenditures figures came in at $218.6 million (Q2 2026), $196.1 million (Q1 2026), and $239.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 218.64 Mn |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | -23.25 Mn |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | - |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | - |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | -2.94 Mn |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | -5.92 Mn |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | 604,000.00 |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | - |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | 272,000.00 |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | 848,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 218.64 Mn |
| Mar 31, 2026 | 196.13 Mn |
| Dec 31, 2025 | 239.34 Mn |
| Sep 30, 2025 | 164.72 Mn |
| Jun 30, 2025 | 155.89 Mn |
| Mar 31, 2025 | 128.28 Mn |
| Dec 31, 2024 | 158.67 Mn |
| Sep 30, 2024 | 126.86 Mn |
| Jun 30, 2024 | 78.29 Mn |
| Mar 31, 2024 | 75.71 Mn |
| Dec 31, 2023 | 81.63 Mn |
| Sep 30, 2023 | 103.93 Mn |
| Jun 30, 2023 | 100.97 Mn |
| Mar 31, 2023 | 62.02 Mn |
| Dec 31, 2022 | 111.59 Mn |
| Sep 30, 2022 | 84.96 Mn |
| Jun 30, 2022 | 90.02 Mn |
| Mar 31, 2022 | 121.16 Mn |
| Dec 31, 2021 | 165.98 Mn |
| Sep 30, 2021 | 167.33 Mn |