Netflix (NFLX) Free Cash Flow (2009 - 2026)
Netflix (NFLX) posted quarterly Free Cash Flow of $1.5 billion for Q2 2026, down 32.73% year-over-year from $2.3 billion in Q2 2025, and down 70.06% quarter-over-quarter from $5.1 billion in Q1 2026.
Netflix (NFLX) Free Cash Flow (2009 - 2026) Analysis & Trends
Netflix's Free Cash Flow history runs 18 years deep, the most recent figure standing at $1.5 billion for Q2 2026.
- In Q2 2026, Free Cash Flow fell 32.73% year-over-year to $1.5 billion; the TTM figure through Jun 2026 stood at $11.2 billion (up 31.19% YoY), while the FY2025 annual figure was $9.5 billion, up 36.68% from the prior year.
- Free Cash Flow for Q2 2026 stood at $1.5 billion, 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.
- The 5-year median for Free Cash Flow is $1.7 billion (2023), against an average of $1.8 billion.
- The sharpest annual moves came in 2023 and 2026: Free Cash Flow surged 10418.85% in 2023, then tumbled 32.73% in 2026.
- Netflix's Free Cash Flow stood at $332.3 million in 2022, then surged by 375.94% to $1.6 billion in 2023, then slipped by 12.85% to $1.4 billion in 2024, then soared by 35.85% to $1.9 billion in 2025, then declined by 18.54% to $1.5 billion in 2026.
- Business Quant data shows NFLX's Free Cash Flow at $1.5 billion in Q2 2026, $5.1 billion in Q1 2026, and $1.9 billion in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.53 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 3.07 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 572.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 129.75 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 726.00 Mn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 327.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 273.00 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 276.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 328.32 Mn |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | -136.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.53 Bn |
| Jun 30, 2026 | 1.53 Bn |
| 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 |