Netflix (NFLX) Total Debt (2009 - 2026)
Netflix (NFLX) reported Total Debt of $14.31 billion for Q2 2026, down 1.0% from $14.45 billion a year earlier and down 0.4% from the prior quarter.
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Analysis
Netflix (NFLX) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Netflix posted Total Debt of $14.46 billion, down 7.2% from FY2024.
- Total Debt has a five-year compound annual growth rate of -2.4% (FY2020 to FY2025).
- By year, Total Debt came in at $15.58 billion in FY2024 (+7.1%), $14.54 billion in FY2023 (+1.3%), $14.35 billion in FY2022 (-6.8%) and $15.39 billion in FY2021 (-5.6%).
- The Q2 2026 figure ranks as the lowest quarterly Total Debt since Q2 2024.
- Year over year, Total Debt has now declined in each of the last four quarters, with growth averaging 0.9% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q3 2024 (growth of 11.8%); the low point was Q3 2022 (a decline of 10.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $14.36 billion (Q1 2026), $14.46 billion (Q4 2025) and $14.46 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 98.17 Bn |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 83.66 Bn |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 14.31 Bn |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 25.22 Bn |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 12.72 Bn |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 20.18 Bn |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | - |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 3.52 Bn |
| 10 | Spotify Technology | 102.35 Bn | 59.59 Bn | 1.86 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.31 Bn |
| Mar 31, 2026 | 14.36 Bn |
| Dec 31, 2025 | 14.46 Bn |
| Sep 30, 2025 | 14.46 Bn |
| Jun 30, 2025 | 14.45 Bn |
| Mar 31, 2025 | 15.02 Bn |
| Dec 31, 2024 | 15.58 Bn |
| Sep 30, 2024 | 15.98 Bn |
| Jun 30, 2024 | 13.98 Bn |
| Mar 31, 2024 | 14.02 Bn |
| Dec 31, 2023 | 14.54 Bn |
| Sep 30, 2023 | 14.30 Bn |
| Jun 30, 2023 | 14.47 Bn |
| Mar 31, 2023 | 14.44 Bn |
| Dec 31, 2022 | 14.35 Bn |
| Sep 30, 2022 | 13.89 Bn |
| Jun 30, 2022 | 14.23 Bn |
| Mar 31, 2022 | 14.53 Bn |
| Dec 31, 2021 | 15.39 Bn |
| Sep 30, 2021 | 15.49 Bn |
API Access
Netflix Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "NFLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();