Netflix (NFLX) Operating Expenses (2009 - 2026)

Netflix (NFLX) has reported Operating Expenses for 18 consecutive years, with $1.6 billion the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Expenses rose 25.56% year-over-year to $1.6 billion; the TTM figure through Mar 2026 stood at $5.6 billion (up 17.47% YoY), while the FY2025 annual figure was $5.3 billion, up 14.1% from the prior year.
• Operating Expenses came in at $1.6 billion for Q1 2026 at Netflix, 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.
• Across the five-year window, Operating Expenses advanced 29.12% in 2022 and declined 5.92% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $1.1 billion in 2022, then advanced by 4.34% to $1.1 billion in 2023, then gained by 10.57% to $1.2 billion in 2024, then climbed by 18.53% to $1.5 billion in 2025, then increased by 7.15% to $1.6 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $1.6 billion, $1.5 billion, and $1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.