Netflix (NFLX) Operating Expenses (2009 - 2026)

Netflix has reported Operating Expenses for 18 years, with the latest figure at $1.6 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 25.56% year-over-year to $1.6 billion; the trailing twelve-month figure through Mar 2026 stood at $5.6 billion (up 17.47% YoY), and the FY2025 full-year result was $5.3 billion, up 14.1% from the prior year.
• Operating Expenses for Q1 2026 stood at $1.6 billion, up from $1.5 billion in the prior quarter.
• The five-year high for Operating Expenses was $1.6 billion in Q1 2026, with the low at $1.0 billion in Q3 2022.
• Average Operating Expenses over 5 years is $1.2 billion, with a median of $1.1 billion recorded in 2023.
• Year-over-year, Operating Expenses gained 29.12% in 2022 and dropped 5.92% in 2023.
• Tracing NFLX's Operating Expenses over 5 years: stood at $1.1 billion in 2022, then rose by 4.34% to $1.1 billion in 2023, then increased by 10.57% to $1.2 billion in 2024, then gained by 18.53% to $1.5 billion in 2025, then climbed by 7.15% to $1.6 billion in 2026.
• The last three Operating Expenses figures came in at $1.6 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.

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