Netflix (NFLX) Invested Capital (2009 - 2026)

Netflix has reported Invested Capital for 18 years, with the latest figure at $32.1 billion in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital rose 28.33% year-over-year to $32.1 billion; the trailing twelve-month figure through Mar 2026 stood at $32.1 billion (up 28.33% YoY), and the FY2025 full-year result was $27.6 billion, up 4.1% from the prior year.
• Invested Capital for Q1 2026 stood at $32.1 billion, up from $27.6 billion in the prior quarter.
• The five-year high for Invested Capital was $32.1 billion in Q1 2026, with the low at $17.5 billion in Q1 2022.
• Average Invested Capital over 5 years is $23.5 billion, with a median of $23.2 billion recorded in 2023.
• Year-over-year, Invested Capital sank 48.22% in 2022 and advanced 28.33% in 2026.
• Tracing NFLX's Invested Capital over 5 years: stood at $20.8 billion in 2022, then rose by 1.01% to $21.0 billion in 2023, then increased by 26.4% to $26.5 billion in 2024, then climbed by 4.1% to $27.6 billion in 2025, then advanced by 16.34% to $32.1 billion in 2026.
• The last three Invested Capital figures came in at $32.1 billion (Q1 2026), $27.6 billion (Q4 2025), and $26.0 billion (Q3 2025), per Business Quant data.

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