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Netflix (NFLX) Research & Development (2016 - 2025)

Netflix has reported Research & Development over the past 17 years, most recently at $890.3 million for Q4 2025.

  • Quarterly results put Research & Development at $890.3 million for Q4 2025, up 14.65% from a year ago — trailing twelve months through Dec 2025 was $3.4 billion (up 15.93% YoY), and the annual figure for FY2025 was $3.4 billion, up 15.93%.
  • Research & Development for Q4 2025 was $890.3 million at Netflix, up from $853.6 million in the prior quarter.
  • Over the last five years, Research & Development for NFLX hit a ceiling of $890.3 million in Q4 2025 and a floor of $525.2 million in Q1 2021.
  • Median Research & Development over the past 5 years was $680.6 million (2022), compared with a mean of $698.9 million.
  • Biggest five-year swings in Research & Development: skyrocketed 33.41% in 2022 and later fell 8.21% in 2023.
  • Netflix's Research & Development stood at $647.5 million in 2021, then grew by 4.09% to $673.9 million in 2022, then dropped by 0.09% to $673.3 million in 2023, then increased by 15.32% to $776.5 million in 2024, then rose by 14.65% to $890.3 million in 2025.
  • The last three reported values for Research & Development were $890.3 million (Q4 2025), $853.6 million (Q3 2025), and $824.7 million (Q2 2025) per Business Quant data.