Netflix NFLX
NASDAQ NFLX
$76.83 -1.42 (-1.81%)
As of: Sep 8, 2026 · 3:59 PM EDT

Netflix (NFLX) Free Cash Flow (2009 - 2026)

Netflix (NFLX) posted Free Cash Flow of $1.5 billion for Q2 2026, down 70.06% on a QoQ basis from $5.1 billion in Q1 2026, and down 32.73% year-over-year from $2.3 billion in Q2 2025.

Analysis

Netflix (NFLX) Free Cash Flow (2009 - 2026) Analysis & Trends

Netflix has reported Free Cash Flow for 18 years, with the latest figure at $1.5 billion in Q2 2026.

  • On a quarterly basis, Free Cash Flow fell 32.73% year-over-year to $1.5 billion in Q2 2026; TTM through Jun 2026 was $11.2 billion, a 31.19% increase from a year earlier, with the FY2025 full-year figure at $9.5 billion, up 36.68% from the prior year.
  • Free Cash Flow was $1.5 billion for Q2 2026 at Netflix, down from $5.1 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 $1.7 billion recorded in 2023.
  • The sharpest annual moves came in 2023 and 2026: Free Cash Flow jumped 10418.85% in 2023, then tumbled 32.73% in 2026.
  • Over 5 years, Free Cash Flow 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 retreated by 18.54% to $1.5 billion in 2026.
  • The last three Free Cash Flow figures came in at $1.5 billion (Q2 2026), $5.1 billion (Q1 2026), and $1.9 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Netflix 321.15 Bn 312.02 Bn 6.52 Bn 1.53 Bn
2 Spotify Technology 108.56 Bn 97.65 Bn 1.86 Bn 971.73 Mn
3 Tencent Music Entertainment 12.38 Bn 8.87 Bn 582.00 Mn 422.00 Mn
4 Huya 485.14 Mn 124.88 Mn 37.58 Mn -
5 iQIYI 427.67 Mn -43.23 Mn 152.37 Mn 52.81 Mn
6 FuboTV 324.08 Mn -128.33 Mn 399.10 Mn -314.66 Mn
7 Kaltura 221.37 Mn 190.08 Mn 34.54 Mn -2.56 Mn
8 CuriosityStream 157.45 Mn 109.05 Mn 16.93 Mn -
9 Cineverse 47.34 Mn 43.02 Mn 10.66 Mn -1.27 Mn
10 LiveOne 46.60 Mn 37.94 Mn 3.94 Mn -2.95 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 1.53 Bn
Mar 31, 2026 5.09 Bn
Dec 31, 2025 1.87 Bn
Sep 30, 2025 2.66 Bn
Jun 30, 2025 2.27 Bn
Mar 31, 2025 2.66 Bn
Dec 31, 2024 1.38 Bn
Sep 30, 2024 2.19 Bn
Jun 30, 2024 1.21 Bn
Mar 31, 2024 2.14 Bn
Dec 31, 2023 1.58 Bn
Sep 30, 2023 1.89 Bn
Jun 30, 2023 1.34 Bn
Mar 31, 2023 2.12 Bn
Dec 31, 2022 332.27 Mn
Sep 30, 2022 471.85 Mn
Jun 30, 2022 12.73 Mn
Mar 31, 2022 801.68 Mn
Dec 31, 2021 -569.25 Mn
Sep 30, 2021 -84.95 Mn