Netflix (NFLX) Operating Expenses (2009 - 2026)

Netflix has reported Operating Expenses for 18 years, with the latest figure at $1.5 billion in Q2 2026.

• On a quarterly basis, Operating Expenses rose 19.01% year-over-year to $1.5 billion in Q2 2026; TTM through Jun 2026 was $5.8 billion, a 19.33% increase from a year earlier, with the FY2025 full-year figure at $5.3 billion, up 14.1% from the prior year.
• Operating Expenses was $1.5 billion for Q2 2026 at Netflix, down from $1.6 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.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses rose 29.12% in 2022, then slipped 5.92% in 2023.
• Over 5 years, Operating Expenses 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 gained by 3.32% to $1.5 billion in 2026.
• The last three Operating Expenses figures came in at $1.5 billion (Q2 2026), $1.6 billion (Q1 2026), and $1.5 billion (Q4 2025), per Business Quant data.