Netflix (NFLX) Research & Development (2009 - 2026)

Netflix's Research & Development history runs 18 years deep, the most recent figure standing at $959.7 million for Q1 2026.

• In Q1 2026, Research & Development rose 16.63% year-over-year to $959.7 million; the TTM figure through Mar 2026 stood at $3.5 billion (up 15.85% YoY), while the FY2025 annual figure was $3.4 billion, up 15.93% from the prior year.
• Research & Development was $959.7 million for Q1 2026 at Netflix, up from $890.3 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $959.7 million in Q1 2026 to a low of $657.2 million in Q3 2023.
• Historically, Research & Development has averaged $744.9 million across 5 years, with a median of $711.3 million in 2024.
• The sharpest annual moves came in 2022 and 2023: Research & Development surged 33.41% in 2022, then dropped 8.21% in 2023.
• A 5-year view of Research & Development shows it stood at $673.9 million in 2022, then fell by 0.09% to $673.3 million in 2023, then grew by 15.32% to $776.5 million in 2024, then increased by 14.65% to $890.3 million in 2025, then grew by 7.79% to $959.7 million in 2026.
• The last three Research & Development figures came in at $959.7 million (Q1 2026), $890.3 million (Q4 2025), and $853.6 million (Q3 2025), per Business Quant data.