Netflix (NFLX) Free Cash Flow (2009 - 2026)
Netflix's quarterly Free Cash Flow came in at $5.1 billion in Q1 2026, up 91.44% year-on-year from $2.7 billion in Q1 2025, and up 172.07% quarter-over-quarter from $1.9 billion in Q4 2025.
Netflix has reported Free Cash Flow for 18 years, with the latest figure at $5.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow rose 91.44% year-over-year to $5.1 billion; the trailing twelve-month figure through Mar 2026 stood at $11.9 billion (up 59.74% YoY), and the FY2025 full-year result was $9.5 billion, up 36.68% from the prior year.
- Free Cash Flow for Q1 2026 stood at $5.1 billion, up from $1.9 billion in the prior quarter.
- The five-year high for Free Cash Flow was $5.1 billion in Q1 2026, with the low at $12.7 million in Q2 2022.
- Average Free Cash Flow over 5 years is $1.8 billion, with a median of $1.9 billion recorded in 2025.
- Year-over-year, Free Cash Flow surged 10418.85% in 2023 and decreased 12.85% in 2024.
- Tracing NFLX's Free Cash Flow over 5 years: stood at $332.3 million in 2022, then jumped by 375.94% to $1.6 billion in 2023, then declined by 12.85% to $1.4 billion in 2024, then surged by 35.85% to $1.9 billion in 2025, then soared by 172.07% to $5.1 billion in 2026.
- The last three Free Cash Flow figures came in at $5.1 billion (Q1 2026), $1.9 billion (Q4 2025), and $2.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 5.09 Bn |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 4.94 Bn |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -476.00 Mn |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 2.03 Bn |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 1.77 Bn |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 337.00 Mn |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 198.76 Mn |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 399.00 Mn |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 674.56 Mn |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | 217.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.09 Bn |
| Mar 31, 2026 | 5.09 Bn |
| Dec 31, 2025 | 1.87 Bn |
| Dec 31, 2025 | 1.87 Bn |
| Sep 30, 2025 | 2.66 Bn |
| Sep 30, 2025 | 2.66 Bn |
| Jun 30, 2025 | 2.27 Bn |
| Jun 30, 2025 | 2.27 Bn |
| Mar 31, 2025 | 2.66 Bn |
| Mar 31, 2025 | 2.66 Bn |
| Dec 31, 2024 | 1.38 Bn |
| Dec 31, 2024 | 1.38 Bn |
| Sep 30, 2024 | 2.19 Bn |
| Sep 30, 2024 | 2.19 Bn |
| Jun 30, 2024 | 1.21 Bn |
| Jun 30, 2024 | 1.21 Bn |
| Mar 31, 2024 | 2.14 Bn |
| Mar 31, 2024 | 2.14 Bn |
| Dec 31, 2023 | 1.58 Bn |
| Dec 31, 2023 | 1.58 Bn |
| Sep 30, 2023 | 1.89 Bn |
| Sep 30, 2023 | 1.89 Bn |
| Jun 30, 2023 | 1.34 Bn |
| Jun 30, 2023 | 1.34 Bn |
| Mar 31, 2023 | 2.12 Bn |
| Mar 31, 2023 | 2.12 Bn |
| Dec 31, 2022 | 332.27 Mn |
| Dec 31, 2022 | 332.27 Mn |
| Sep 30, 2022 | 471.85 Mn |
| Sep 30, 2022 | 471.85 Mn |
| Jun 30, 2022 | 12.73 Mn |
| Jun 30, 2022 | 12.73 Mn |
| Mar 31, 2022 | 801.68 Mn |
| Mar 31, 2022 | 801.68 Mn |
| Dec 31, 2021 | -569.25 Mn |
| Dec 31, 2021 | -569.25 Mn |
| Sep 30, 2021 | -84.95 Mn |
| Sep 30, 2021 | -84.95 Mn |
| Jun 30, 2021 | -174.04 Mn |
| Jun 30, 2021 | -174.04 Mn |
| Mar 31, 2021 | 696.27 Mn |
| Mar 31, 2021 | 696.27 Mn |
| Dec 31, 2020 | -286.03 Mn |
| Dec 31, 2020 | -286.03 Mn |
| Sep 30, 2020 | 1.15 Bn |
| Sep 30, 2020 | 1.15 Bn |
| Jun 30, 2020 | 899.34 Mn |
| Jun 30, 2020 | 899.34 Mn |
| Mar 31, 2020 | 161.90 Mn |
| Mar 31, 2020 | 161.90 Mn |
| Dec 31, 2019 | -1.57 Bn |
| Dec 31, 2019 | -1.57 Bn |
| Sep 30, 2019 | -547.13 Mn |
| Sep 30, 2019 | -547.13 Mn |
| Jun 30, 2019 | -583.34 Mn |
| Jun 30, 2019 | -583.34 Mn |
| Mar 31, 2019 | -440.18 Mn |
| Mar 31, 2019 | -440.18 Mn |
| Dec 31, 2018 | -1.31 Bn |
| Dec 31, 2018 | -1.31 Bn |
| Sep 30, 2018 | -729.74 Mn |
| Sep 30, 2018 | -729.74 Mn |
| Jun 30, 2018 | -545.56 Mn |
| Jun 30, 2018 | -545.56 Mn |
| Mar 31, 2018 | -273.93 Mn |
| Mar 31, 2018 | -273.93 Mn |
| Dec 31, 2017 | -509.54 Mn |
| Dec 31, 2017 | -509.54 Mn |
| Sep 30, 2017 | -453.57 Mn |
| Sep 30, 2017 | -453.57 Mn |
| Jun 30, 2017 | -599.76 Mn |
| Jun 30, 2017 | -599.76 Mn |
| Mar 31, 2017 | -396.38 Mn |
| Mar 31, 2017 | -396.38 Mn |
| Dec 31, 2016 | -618.21 Mn |
| Dec 31, 2016 | -618.21 Mn |
| Sep 30, 2016 | -489.31 Mn |
| Sep 30, 2016 | -489.31 Mn |
| Jun 30, 2016 | -237.11 Mn |
| Jun 30, 2016 | -237.11 Mn |
| Mar 31, 2016 | -237.02 Mn |
| Mar 31, 2016 | -237.02 Mn |
| Dec 31, 2015 | -257.60 Mn |
| Dec 31, 2015 | -257.60 Mn |
| Sep 30, 2015 | -233.79 Mn |
| Sep 30, 2015 | -233.79 Mn |
| Jun 30, 2015 | -208.88 Mn |
| Jun 30, 2015 | -208.88 Mn |
| Mar 31, 2015 | -148.09 Mn |
| Mar 31, 2015 | -148.09 Mn |
| Dec 31, 2014 | -103.76 Mn |
| Dec 31, 2014 | -103.76 Mn |
| Sep 30, 2014 | -36.08 Mn |
| Sep 30, 2014 | -36.08 Mn |
| Jun 30, 2014 | 36.16 Mn |
| Jun 30, 2014 | 36.16 Mn |
| Mar 31, 2014 | 23.03 Mn |
| Mar 31, 2014 | 23.03 Mn |
| Dec 31, 2013 | 18.34 Mn |
| Dec 31, 2013 | 18.34 Mn |
| Sep 30, 2013 | 23.87 Mn |
| Sep 30, 2013 | 23.87 Mn |
| Jun 30, 2013 | 25.86 Mn |
| Jun 30, 2013 | 25.86 Mn |
| Mar 31, 2013 | -24.37 Mn |
| Mar 31, 2013 | -24.37 Mn |
| Dec 31, 2012 | -35.35 Mn |
| Dec 31, 2012 | -35.35 Mn |
| Sep 30, 2012 | -13.73 Mn |
| Sep 30, 2012 | -13.73 Mn |
| Jun 30, 2012 | 16.05 Mn |
| Jun 30, 2012 | 16.05 Mn |
| Mar 31, 2012 | 14.34 Mn |
| Mar 31, 2012 | 14.34 Mn |
| Dec 31, 2011 | 54.81 Mn |
| Dec 31, 2011 | 54.81 Mn |
| Sep 30, 2011 | 35.45 Mn |
| Sep 30, 2011 | 35.45 Mn |
| Jun 30, 2011 | 77.77 Mn |
| Jun 30, 2011 | 77.77 Mn |
| Mar 31, 2011 | 100.00 Mn |
| Mar 31, 2011 | 100.00 Mn |
| Dec 31, 2010 | 82.29 Mn |
| Dec 31, 2010 | 82.29 Mn |
| Sep 30, 2010 | 34.89 Mn |
| Sep 30, 2010 | 34.89 Mn |
| Jun 30, 2010 | 54.58 Mn |
| Jun 30, 2010 | 54.58 Mn |
| Mar 31, 2010 | 70.81 Mn |
| Mar 31, 2010 | 70.81 Mn |
| Dec 31, 2009 | 83.38 Mn |
| Dec 31, 2009 | 83.38 Mn |
| Sep 30, 2009 | 68.32 Mn |
| Sep 30, 2009 | 68.32 Mn |
| Jun 30, 2009 | 68.37 Mn |
| Jun 30, 2009 | 68.37 Mn |
| Mar 31, 2009 | 59.06 Mn |
| Mar 31, 2009 | 59.06 Mn |