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Netflix (NFLX) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Netflix (NFLX) over the last 17 years, with Q4 2025 value amounting to $1.5 billion.

  • Netflix's Operating Expenses rose 1852.76% to $1.5 billion in Q4 2025 from the same period last year, while for Dec 2025 it was $5.3 billion, marking a year-over-year increase of 1410.02%. This contributed to the annual value of $5.3 billion for FY2025, which is 1410.02% up from last year.
  • Per Netflix's latest filing, its Operating Expenses stood at $1.5 billion for Q4 2025, which was up 1852.76% from $1.3 billion recorded in Q3 2025.
  • In the past 5 years, Netflix's Operating Expenses ranged from a high of $1.5 billion in Q4 2025 and a low of $822.4 million during Q1 2021
  • Over the past 5 years, Netflix's median Operating Expenses value was $1.1 billion (recorded in 2023), while the average stood at $1.1 billion.
  • In the last 5 years, Netflix's Operating Expenses skyrocketed by 3708.78% in 2021 and then plummeted by 591.96% in 2023.
  • Quarter analysis of 5 years shows Netflix's Operating Expenses stood at $1.0 billion in 2021, then rose by 2.02% to $1.1 billion in 2022, then grew by 4.34% to $1.1 billion in 2023, then increased by 10.57% to $1.2 billion in 2024, then increased by 18.53% to $1.5 billion in 2025.
  • Its Operating Expenses was $1.5 billion in Q4 2025, compared to $1.3 billion in Q3 2025 and $1.3 billion in Q2 2025.