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

Netflix has reported Cost of Revenue for 18 years, with the latest figure at $842.2 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 22.35% year-over-year to $842.2 million; the trailing twelve-month figure through Mar 2026 stood at -$6.5 billion (down 138.79% YoY), and the FY2025 full-year result was $3.3 billion, down 84.31% from the prior year.
• Cost of Revenue for Q1 2026 stood at $842.2 million, up from -$13.5 billion in the prior quarter.
• The five-year high for Cost of Revenue was $5.8 billion in Q4 2024, with the low at -$13.5 billion in Q4 2025.
• Average Cost of Revenue over 5 years is $1.2 billion, with a median of $842.2 million recorded in 2026.
• Year-over-year, Cost of Revenue jumped 764.0% in 2023 and slumped 333.23% in 2025.
• Tracing NFLX's Cost of Revenue over 5 years: stood at $5.4 billion in 2022, then tumbled by 317.43% to -$11.8 billion in 2023, then jumped by 149.08% to $5.8 billion in 2024, then slumped by 333.23% to -$13.5 billion in 2025, then surged by 106.26% to $842.2 million in 2026.
• The last three Cost of Revenue figures came in at $842.2 million (Q1 2026), -$13.5 billion (Q4 2025), and $786.3 million (Q3 2025), per Business Quant data.

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