Netflix (NFLX) Cash from Operations (2009 - 2026)
Netflix (NFLX) posted Cash from Operations of $1.7 billion for Q2 2026, down 67.04% on a QoQ basis from $5.3 billion in Q1 2026, and down 28.04% year-over-year from $2.4 billion in Q2 2025.
Analysis
Netflix (NFLX) Cash from Operations (2009 - 2026) Analysis & Trends
Netflix has reported Cash from Operations for 18 years, with the latest figure at $1.7 billion in Q2 2026.
- On a quarterly basis, Cash from Operations fell 28.04% year-over-year to $1.7 billion in Q2 2026; TTM through Jun 2026 was $12.0 billion, a 31.98% increase from a year earlier, with the FY2025 full-year figure at $10.1 billion, up 37.87% from the prior year.
- Cash from Operations was $1.7 billion for Q2 2026 at Netflix, down from $5.3 billion in the prior quarter.
- The five-year high for Cash from Operations was $5.3 billion in Q1 2026, with the low at $102.8 million in Q2 2022.
- Average Cash from Operations over 5 years is $1.9 billion, with a median of $1.9 billion recorded in 2023.
- The sharpest annual moves came in 2023 and 2026: Cash from Operations soared 1301.69% in 2023, then dropped 28.04% in 2026.
- Over 5 years, Cash from Operations stood at $443.9 million in 2022, then soared by 274.67% to $1.7 billion in 2023, then decreased by 7.58% to $1.5 billion in 2024, then surged by 37.4% to $2.1 billion in 2025, then fell by 17.42% to $1.7 billion in 2026.
- The last three Cash from Operations figures came in at $1.7 billion (Q2 2026), $5.3 billion (Q1 2026), and $2.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 1.74 Bn |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 948.49 Mn |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | 422.00 Mn |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | - |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | 49.87 Mn |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | -320.58 Mn |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | -1.95 Mn |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | - |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | -1.00 Mn |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | -2.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.74 Bn |
| Mar 31, 2026 | 5.29 Bn |
| Dec 31, 2025 | 2.11 Bn |
| Sep 30, 2025 | 2.83 Bn |
| Jun 30, 2025 | 2.42 Bn |
| Mar 31, 2025 | 2.79 Bn |
| Dec 31, 2024 | 1.54 Bn |
| Sep 30, 2024 | 2.32 Bn |
| Jun 30, 2024 | 1.29 Bn |
| Mar 31, 2024 | 2.21 Bn |
| Dec 31, 2023 | 1.66 Bn |
| Sep 30, 2023 | 1.99 Bn |
| Jun 30, 2023 | 1.44 Bn |
| Mar 31, 2023 | 2.18 Bn |
| Dec 31, 2022 | 443.86 Mn |
| Sep 30, 2022 | 556.81 Mn |
| Jun 30, 2022 | 102.75 Mn |
| Mar 31, 2022 | 922.84 Mn |
| Dec 31, 2021 | -403.27 Mn |
| Sep 30, 2021 | 82.38 Mn |