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Netflix (NFLX) Cost of Revenue (2016 - 2025)

Netflix (NFLX) has 16 years of Cost of Revenue data on record, last reported at $10.2 billion in Q4 2024.

  • For Q4 2024, Cost of Revenue rose 1017.62% year-over-year to $10.2 billion; the TTM value through Dec 2024 reached $21.0 billion, up 213.81%, while the annual FY2024 figure was $21.0 billion, 691.55% up from the prior year.
  • Cost of Revenue reached $10.2 billion in Q4 2024 per NFLX's latest filing, up from $642.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $10.2 billion in Q4 2024 and bottomed at -$9.5 billion in Q4 2021.
  • Average Cost of Revenue over 5 years is $1.9 billion, with a median of $702.7 million recorded in 2020.
  • Peak YoY movement for Cost of Revenue: tumbled 1352.09% in 2021, then skyrocketed 1017.62% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at $762.6 million in 2020, then crashed by 1352.09% to -$9.5 billion in 2021, then surged by 108.71% to $831.6 million in 2022, then grew by 10.22% to $916.6 million in 2023, then surged by 1017.62% to $10.2 billion in 2024.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $10.2 billion in Q4 2024, $642.9 million in Q3 2024, and $5.2 billion in Q2 2024.