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Netflix (NFLX) Operating Expenses (2016 - 2025)

Netflix (NFLX) has 17 years of Operating Expenses data on record, last reported at $1.5 billion in Q4 2025.

  • For Q4 2025, Operating Expenses rose 18.53% year-over-year to $1.5 billion; the TTM value through Dec 2025 reached $5.3 billion, up 14.1%, while the annual FY2025 figure was $5.3 billion, 14.1% up from the prior year.
  • Operating Expenses reached $1.5 billion in Q4 2025 per NFLX's latest filing, up from $1.3 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.5 billion in Q4 2025 and bottomed at $822.4 million in Q1 2021.
  • Average Operating Expenses over 5 years is $1.1 billion, with a median of $1.1 billion recorded in 2023.
  • Peak YoY movement for Operating Expenses: soared 37.09% in 2021, then decreased 5.92% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $1.0 billion in 2021, then increased by 2.02% to $1.1 billion in 2022, then increased by 4.34% to $1.1 billion in 2023, then grew by 10.57% to $1.2 billion in 2024, then rose by 18.53% to $1.5 billion in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $1.5 billion in Q4 2025, $1.3 billion in Q3 2025, and $1.3 billion in Q2 2025.