Netflix (NFLX) Common Equity (2009 - 2026)
Netflix (NFLX) recorded Common Equity of $30.15 billion in Q2 2026, up 20.8% from $24.95 billion a year earlier but down 3.1% from the prior quarter.
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Analysis
Netflix (NFLX) Common Equity (2009 - 2026) Analysis & Trends
At the end of FY2025, Netflix reported Common Equity of $26.62 billion, up 7.6% from FY2024.
- Annual Common Equity has a five-year compound annual growth rate of 19.2% (FY2020 to FY2025).
- Across earlier years, Common Equity came in at $24.74 billion in FY2024 (+20.2%), $20.59 billion in FY2023 (-0.9%), $20.78 billion in FY2022 (+31.1%) and $15.85 billion in FY2021 (+43.2%).
- Quarterly Common Equity has ranged from $15.31 billion in Q3 2021 to $31.13 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Common Equity has increased for eight consecutive quarters, with growth averaging 15.1% over the last eight quarters.
- Peak year-over-year performance for Common Equity in the last five years was growth of 48.2% in Q3 2021, against a decline of 3.2% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $31.13 billion (Q1 2026), $26.62 billion (Q4 2025) and $25.95 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 640.48 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 261.22 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 30.15 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 163.05 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | 12.68 Bn |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 28.22 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | -10.78 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | 66.00 Bn |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 3.16 Bn |
| 10 | Spotify Technology | 102.35 Bn | 59.59 Bn | 1.86 Bn | 9.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.15 Bn |
| Mar 31, 2026 | 31.13 Bn |
| Dec 31, 2025 | 26.62 Bn |
| Sep 30, 2025 | 25.95 Bn |
| Jun 30, 2025 | 24.95 Bn |
| Mar 31, 2025 | 24.03 Bn |
| Dec 31, 2024 | 24.74 Bn |
| Sep 30, 2024 | 22.72 Bn |
| Jun 30, 2024 | 22.11 Bn |
| Mar 31, 2024 | 21.37 Bn |
| Dec 31, 2023 | 20.59 Bn |
| Sep 30, 2023 | 22.11 Bn |
| Jun 30, 2023 | 22.83 Bn |
| Mar 31, 2023 | 21.83 Bn |
| Dec 31, 2022 | 20.78 Bn |
| Sep 30, 2022 | 20.53 Bn |
| Jun 30, 2022 | 19.08 Bn |
| Mar 31, 2022 | 17.54 Bn |
| Dec 31, 2021 | 15.85 Bn |
| Sep 30, 2021 | 15.31 Bn |
API Access
Netflix Common Equity 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=common-equity&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();