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

Netflix (NFLX) has reported Cost of Revenue for 18 consecutive years, with $842.2 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Cost of Revenue rose 22.35% year-over-year to $842.2 million; the TTM figure through Mar 2026 stood at -$6.5 billion (down 138.79% YoY), while the FY2025 annual figure was $3.3 billion, down 84.31% from the prior year.
• Cost of Revenue came in at $842.2 million for Q1 2026 at Netflix, 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.
• Across the five-year window, Cost of Revenue surged 764.0% in 2023 and tumbled 333.23% in 2025, its largest moves.
• Year by year, Cost of Revenue stood at $5.4 billion in 2022, then sank by 317.43% to -$11.8 billion in 2023, then soared by 149.08% to $5.8 billion in 2024, then plunged by 333.23% to -$13.5 billion in 2025, then jumped by 106.26% to $842.2 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $842.2 million, -$13.5 billion, and $786.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.