Netflix (NFLX) Research & Development (2009 - 2026)
Netflix (NFLX) posted quarterly Research & Development of $823.8 million for Q2 2026, little changed year-over-year from $824.7 million in Q2 2025, and down 2.18% quarter-over-quarter from $842.2 million in Q1 2026.
Netflix (NFLX) Research & Development (2009 - 2026) Analysis & Trends
Netflix's Research & Development history runs 18 years deep, the most recent figure standing at $823.8 million for Q2 2026.
- In Q2 2026, Research & Development changed 0.1% year-over-year to $823.8 million; the TTM figure through Jun 2026 stood at $3.7 billion (up 18.14% YoY), while the FY2025 annual figure was $3.4 billion, up 16.24% from the prior year.
- Research & Development for Q2 2026 stood at $823.8 million, down from $842.2 million in the prior quarter.
- The five-year high for Research & Development was $1.2 billion in Q4 2025, with the low at $655.5 million in Q4 2023.
- The 5-year median for Research & Development is $714.0 million (2022), against an average of $758.7 million.
- The sharpest annual moves came in 2023 and 2025: Research & Development slipped 8.21% in 2023, then surged 56.54% in 2025.
- Netflix's Research & Development stood at $673.9 million in 2022, then dropped by 2.74% to $655.5 million in 2023, then advanced by 17.29% to $768.8 million in 2024, then soared by 56.54% to $1.2 billion in 2025, then sank by 31.54% to $823.8 million in 2026.
- Business Quant data shows NFLX's Research & Development at $823.8 million in Q2 2026, $842.2 million in Q1 2026, and $1.2 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 823.84 Mn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | - |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | - |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | - |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | - |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 223.22 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | - |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 823.84 Mn |
| Mar 31, 2026 | 842.22 Mn |
| Dec 31, 2025 | 1.20 Bn |
| Sep 30, 2025 | 853.58 Mn |
| Jun 30, 2025 | 824.68 Mn |
| Mar 31, 2025 | 822.82 Mn |
| Dec 31, 2024 | 768.76 Mn |
| Sep 30, 2024 | 735.06 Mn |
| Jun 30, 2024 | 711.25 Mn |
| Mar 31, 2024 | 702.47 Mn |
| Dec 31, 2023 | 655.47 Mn |
| Sep 30, 2023 | 657.16 Mn |
| Jun 30, 2023 | 657.98 Mn |
| Mar 31, 2023 | 687.28 Mn |
| Dec 31, 2022 | 673.93 Mn |
| Sep 30, 2022 | 662.74 Mn |
| Jun 30, 2022 | 716.85 Mn |
| Mar 31, 2022 | 657.53 Mn |
| Dec 31, 2021 | 647.47 Mn |
| Sep 30, 2021 | 563.89 Mn |