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Netflix (NFLX) Operating Expenses (2016 - 2026)

Netflix has reported Operating Expenses over the past 18 years, most recently at $1.6 billion for Q1 2026.

  • For Q1 2026, Operating Expenses rose 25.56% year-over-year to $1.6 billion; the TTM value through Mar 2026 reached $5.6 billion, up 17.47%, while the annual FY2025 figure was $5.3 billion, 14.1% up from the prior year.
  • Operating Expenses for Q1 2026 was $1.6 billion at Netflix, up from $1.5 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.6 billion in Q1 2026 and troughed at $1.0 billion in Q3 2022.
  • A 5-year average of $1.2 billion and a median of $1.1 billion in 2023 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: increased 29.12% in 2022 and later decreased 5.92% in 2023.
  • Year by year, Operating Expenses stood at $1.1 billion in 2022, then grew by 4.34% to $1.1 billion in 2023, then rose by 10.57% to $1.2 billion in 2024, then increased by 18.53% to $1.5 billion in 2025, then grew by 7.15% to $1.6 billion in 2026.
  • Business Quant data shows Operating Expenses for NFLX at $1.6 billion in Q1 2026, $1.5 billion in Q4 2025, and $1.3 billion in Q3 2025.