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Netflix (NFLX) Invested Capital (2016 - 2025)

Netflix has reported Invested Capital over the past 17 years, most recently at $27.6 billion for Q4 2025.

  • Quarterly results put Invested Capital at $27.6 billion for Q4 2025, up 4.1% from a year ago — trailing twelve months through Dec 2025 was $27.6 billion (up 4.1% YoY), and the annual figure for FY2025 was $27.6 billion, up 4.1%.
  • Invested Capital for Q4 2025 was $27.6 billion at Netflix, up from $26.0 billion in the prior quarter.
  • Over the last five years, Invested Capital for NFLX hit a ceiling of $35.9 billion in Q3 2021 and a floor of $16.5 billion in Q4 2021.
  • Median Invested Capital over the past 5 years was $23.6 billion (2023), compared with a mean of $24.4 billion.
  • Biggest five-year swings in Invested Capital: plummeted 49.73% in 2021 and later rose 26.69% in 2023.
  • Netflix's Invested Capital stood at $16.5 billion in 2021, then grew by 25.55% to $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 rose by 4.1% to $27.6 billion in 2025.
  • The last three reported values for Invested Capital were $27.6 billion (Q4 2025), $26.0 billion (Q3 2025), and $25.0 billion (Q2 2025) per Business Quant data.