Netflix (NFLX) Total Debt (2009 - 2026)
Netflix (NFLX) posted Total Debt of $16.8 billion for Q2 2026, up 9.34% on a QoQ basis from $15.4 billion in Q1 2026, and up 16.19% year-over-year from $14.5 billion in Q2 2025.
Analysis
Netflix (NFLX) Total Debt (2009 - 2026) Analysis & Trends
Netflix has reported Total Debt for 18 years, with the latest figure at $16.8 billion in Q2 2026.
- On a quarterly basis, Total Debt rose 16.19% year-over-year to $16.8 billion in Q2 2026; TTM through Jun 2026 was $16.8 billion, a 16.19% increase from a year earlier, with the FY2025 full-year figure at $15.5 billion, down 10.97% from the prior year.
- Total Debt was $16.8 billion for Q2 2026 at Netflix, up from $15.4 billion in the prior quarter.
- The five-year high for Total Debt was $17.8 billion in Q3 2024, with the low at $13.9 billion in Q3 2022.
- Average Total Debt over 5 years is $15.3 billion, with a median of $14.9 billion recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Total Debt slumped 36.68% in 2022, then increased 21.09% in 2024.
- Over 5 years, Total Debt stood at $14.4 billion in 2022, then gained by 4.11% to $14.9 billion in 2023, then grew by 16.22% to $17.4 billion in 2024, then decreased by 10.97% to $15.5 billion in 2025, then grew by 8.61% to $16.8 billion in 2026.
- The last three Total Debt figures came in at $16.8 billion (Q2 2026), $15.4 billion (Q1 2026), and $15.5 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 16.79 Bn |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 25.57 Mn |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | 2.82 Bn |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | 18.20 Mn |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | 1.05 Bn |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | 144.77 Mn |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | 53.26 Mn |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | - |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | 11.36 Mn |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | 3.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.79 Bn |
| Mar 31, 2026 | 15.36 Bn |
| Dec 31, 2025 | 15.46 Bn |
| Sep 30, 2025 | 14.46 Bn |
| Jun 30, 2025 | 14.45 Bn |
| Mar 31, 2025 | 16.02 Bn |
| Dec 31, 2024 | 17.37 Bn |
| Sep 30, 2024 | 17.80 Bn |
| Jun 30, 2024 | 15.78 Bn |
| Mar 31, 2024 | 14.82 Bn |
| Dec 31, 2023 | 14.94 Bn |
| Sep 30, 2023 | 14.70 Bn |
| Jun 30, 2023 | 14.87 Bn |
| Mar 31, 2023 | 14.84 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 | 16.09 Bn |
| Sep 30, 2021 | 21.93 Bn |