Netflix (NFLX) Invested Capital (2009 - 2026)
Netflix (NFLX) posted Invested Capital of $46.9 billion for Q2 2026, up 0.99% on a QoQ basis from $46.5 billion in Q1 2026, and up 19.14% year-over-year from $39.4 billion in Q2 2025.
Analysis
Netflix (NFLX) Invested Capital (2009 - 2026) Analysis & Trends
Netflix has reported Invested Capital for 18 years, with the latest figure at $46.9 billion in Q2 2026.
- On a quarterly basis, Invested Capital rose 19.14% year-over-year to $46.9 billion in Q2 2026; TTM through Jun 2026 was $46.9 billion, a 19.14% increase from a year earlier, with the FY2025 full-year figure at $42.1 billion, changed 0.08% from the prior year.
- Invested Capital was $46.9 billion for Q2 2026 at Netflix, up from $46.5 billion in the prior quarter.
- The five-year high for Invested Capital was $46.9 billion in Q2 2026, with the low at $32.1 billion in Q1 2022.
- Average Invested Capital over 5 years is $38.5 billion, with a median of $37.8 billion recorded in 2023.
- The sharpest annual moves came in 2022 and 2026: Invested Capital decreased 9.08% in 2022, then advanced 19.14% in 2026.
- Over 5 years, Invested Capital stood at $35.1 billion in 2022, then rose by 1.14% to $35.5 billion in 2023, then climbed by 18.52% to $42.1 billion in 2024, then slipped by 0.08% to $42.1 billion in 2025, then increased by 11.57% to $46.9 billion in 2026.
- The last three Invested Capital figures came in at $46.9 billion (Q2 2026), $46.5 billion (Q1 2026), and $42.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 46.95 Bn |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 9.77 Bn |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | 14.77 Bn |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | 697.02 Mn |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | 2.90 Bn |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | 420.25 Mn |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | 54.95 Mn |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | - |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | 51.43 Mn |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | -10.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.95 Bn |
| Mar 31, 2026 | 46.49 Bn |
| Dec 31, 2025 | 42.08 Bn |
| Sep 30, 2025 | 40.42 Bn |
| Jun 30, 2025 | 39.41 Bn |
| Mar 31, 2025 | 40.05 Bn |
| Dec 31, 2024 | 42.11 Bn |
| Sep 30, 2024 | 40.52 Bn |
| Jun 30, 2024 | 37.89 Bn |
| Mar 31, 2024 | 36.18 Bn |
| Dec 31, 2023 | 35.53 Bn |
| Sep 30, 2023 | 36.81 Bn |
| Jun 30, 2023 | 37.70 Bn |
| Mar 31, 2023 | 36.66 Bn |
| Dec 31, 2022 | 35.13 Bn |
| Sep 30, 2022 | 34.42 Bn |
| Jun 30, 2022 | 33.31 Bn |
| Mar 31, 2022 | 32.08 Bn |
| Dec 31, 2021 | 31.94 Bn |
| Sep 30, 2021 | 37.25 Bn |