Netflix (NFLX) Cash from Operations (2009 - 2026)
Netflix (NFLX) recorded Cash from Operations of $1.74 billion in Q2 2026, down 28.0% from $2.42 billion a year earlier and down 67.0% from the prior quarter.
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Analysis
Netflix (NFLX) Cash from Operations (2009 - 2026) Analysis & Trends
On a TTM basis, Netflix's Cash from Operations came in at $11.97 billion as of Jun 30, 2026, up 32.0% year-over-year; for FY2025, it came in at $10.15 billion, up 37.9% from FY2024.
- Annual Cash from Operations has increased for four straight years, with a five-year compound annual growth rate of 33.1% (FY2020 to FY2025).
- Across earlier years, Cash from Operations came in at $7.36 billion in FY2024 (+1.2%), $7.27 billion in FY2023 (+259.0%), $2.03 billion in FY2022 (+416.1%) and $392.61 million in FY2021 (-83.8%).
- The Q2 2026 figure is the lowest quarterly Cash from Operations since Q4 2024.
- On a year-over-year basis, Cash from Operations rose in six of the last eight quarters, with growth averaging 30.4%.
- Peak year-over-year performance for Cash from Operations in the last five years was growth of 575.9% in Q3 2022, against a decline of 93.5% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $5.29 billion (Q1 2026), $2.11 billion (Q4 2025) and $2.83 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,109.95 Bn | 3,867.48 Bn | 73.85 Bn | 39.07 Bn |
| 2 | Netflix | 282.52 Bn | 242.72 Bn | 6.52 Bn | 1.74 Bn |
| 3 | Alibaba Group Holding | 249.53 Bn | 67.40 Bn | 15.11 Bn | 3.38 Bn |
| 4 | Shopify | 193.10 Bn | 170.29 Bn | 1.71 Bn | 658.00 Mn |
| 5 | Uber Technologies | 138.52 Bn | 110.49 Bn | 6.38 Bn | 2.86 Bn |
| 6 | Booking Holdings | 120.43 Bn | 53.48 Bn | - | 3.72 Bn |
| 7 | PDD Holdings | 108.89 Bn | -143.04 Bn | 9.45 Bn | 3.77 Bn |
| 8 | Spotify Technology | 101.14 Bn | 58.37 Bn | 1.86 Bn | 948.49 Mn |
| 9 | Airbnb | 94.68 Bn | 47.91 Bn | 2.98 Bn | 1.27 Bn |
| 10 | AppLovin | 94.32 Bn | 84.35 Bn | 1.70 Bn | 869.04 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 |
API Access
Netflix Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "NFLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();