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Netflix (NFLX) Free Cash Flow (2016 - 2025)

Netflix has reported Free Cash Flow over the past 17 years, most recently at $1.9 billion for Q4 2025.

  • Quarterly results put Free Cash Flow at $1.9 billion for Q4 2025, up 35.85% from a year ago — trailing twelve months through Dec 2025 was $9.5 billion (up 36.68% YoY), and the annual figure for FY2025 was $9.5 billion, up 36.68%.
  • Free Cash Flow for Q4 2025 was $1.9 billion at Netflix, down from $2.7 billion in the prior quarter.
  • Over the last five years, Free Cash Flow for NFLX hit a ceiling of $2.7 billion in Q1 2025 and a floor of -$569.3 million in Q4 2021.
  • Median Free Cash Flow over the past 5 years was $1.4 billion (2023), compared with a mean of $1.2 billion.
  • Biggest five-year swings in Free Cash Flow: plummeted 119.35% in 2021 and later surged 10418.85% in 2023.
  • Netflix's Free Cash Flow stood at -$569.3 million in 2021, then skyrocketed by 158.37% to $332.3 million in 2022, then skyrocketed by 375.94% to $1.6 billion in 2023, then decreased by 12.85% to $1.4 billion in 2024, then surged by 35.85% to $1.9 billion in 2025.
  • The last three reported values for Free Cash Flow were $1.9 billion (Q4 2025), $2.7 billion (Q3 2025), and $2.3 billion (Q2 2025) per Business Quant data.