Netflix (NFLX) Invested Capital (2009 - 2026)

Netflix's Invested Capital history runs 18 years deep, the most recent figure standing at $32.1 billion for Q1 2026.

• In Q1 2026, Invested Capital rose 28.33% year-over-year to $32.1 billion; the TTM figure through Mar 2026 stood at $32.1 billion (up 28.33% YoY), while the FY2025 annual figure was $27.6 billion, up 4.1% from the prior year.
• Invested Capital was $32.1 billion for Q1 2026 at Netflix, up from $27.6 billion in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $32.1 billion in Q1 2026 to a low of $17.5 billion in Q1 2022.
• Historically, Invested Capital has averaged $23.5 billion across 5 years, with a median of $23.2 billion in 2023.
• The sharpest annual moves came in 2022 and 2026: Invested Capital sank 48.22% in 2022, then rose 28.33% in 2026.
• A 5-year view of Invested Capital shows it stood at $20.8 billion in 2022, then increased by 1.01% to $21.0 billion in 2023, then grew by 26.4% to $26.5 billion in 2024, then advanced by 4.1% to $27.6 billion in 2025, then gained 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.