Netflix (NFLX) Cost of Revenue (2009 - 2026)

Netflix has reported Cost of Revenue for 18 years, with the latest figure at $6.0 billion in Q2 2026.

• On a quarterly basis, Cost of Revenue rose 13.36% year-over-year to $6.0 billion in Q2 2026; TTM through Jun 2026 was $24.6 billion, a 14.6% increase from a year earlier, with the FY2025 full-year figure at $23.3 billion, up 10.63% from the prior year.
• Cost of Revenue was $6.0 billion for Q2 2026 at Netflix, up from $5.9 billion in the prior quarter.
• The five-year high for Cost of Revenue was $6.5 billion in Q4 2025, with the low at $4.3 billion in Q1 2022.
• Average Cost of Revenue over 5 years is $5.3 billion, with a median of $5.2 billion recorded in 2024.
• The sharpest annual moves came in 2023 and 2025: Cost of Revenue declined 1.79% in 2023, then grew 20.4% in 2025.
• Over 5 years, Cost of Revenue stood at $5.4 billion in 2022, then decreased by 1.79% to $5.3 billion in 2023, then climbed by 8.66% to $5.8 billion in 2024, then gained by 13.1% to $6.5 billion in 2025, then declined by 7.45% to $6.0 billion in 2026.
• The last three Cost of Revenue figures came in at $6.0 billion (Q2 2026), $5.9 billion (Q1 2026), and $6.5 billion (Q4 2025), per Business Quant data.