Netflix, Inc. (NFLX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NFLX Revenue Growth
Revenue Breakdown (FY 2024)
NFLX's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NFLX Revenue Analysis (2014–2025)
As of May 6, 2026, Netflix, Inc. (NFLX) generated trailing twelve-month (TTM) revenue of $45.18 billion, reflecting strong growth of +17.6% year-over-year. The most recent quarter (Q4 2025) recorded $12.05 billion in revenue, up 4.7% sequentially.
Looking at the longer-term picture, NFLX's 5-year compound annual growth rate (CAGR) stands at +12.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $45.18 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows NFLX's business is primarily driven by Streaming (100%). With over half of revenue concentrated in Streaming, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including DIS (+3.5% YoY), WBD (-4.3% YoY), and CMCSA (+1.4% YoY), NFLX has outperformed the peer group in terms of revenue growth. Compare NFLX vs DIS →
NFLX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NFLXCurrent | $45.2B | +17.6% | +12.6% | 29.5% | |
 DIS | $94.4B | +3.5% | +7.6% | 14.6% | |
 WBD | $39.3B | -4.3% | +28.7% | -25.5% | |
 CMCSA | $123.7B | +1.4% | +3.6% | 16.7% | |
 AMZN | $716.9B | +14.2% | +13.2% | 11.2% | |
 AAPL | $416.2B | +12.8% | +8.7% | 32.0% |
NFLX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $45.18B | +15.9% | $21.91B | 48.5% | $13.33B | 29.5% |
| 2024 | $39.00B | +15.6% | $17.96B | 46.1% | $10.42B | 26.7% |
| 2023 | $33.72B | +6.7% | $14.01B | 41.5% | $6.95B | 20.6% |
| 2022 | $31.62B | +6.5% | $12.45B | 39.4% | $5.63B | 17.8% |
| 2021 | $29.70B | +18.8% | $12.37B | 41.6% | $6.19B | 20.9% |
| 2020 | $25.00B | +24.0% | $9.72B | 38.9% | $4.59B | 18.3% |
| 2019 | $20.16B | +27.6% | $7.72B | 38.3% | $2.60B | 12.9% |
| 2018 | $15.79B | +35.1% | $5.83B | 36.9% | $1.61B | 10.2% |
| 2017 | $11.69B | +32.4% | $4.03B | 34.5% | $838.7M | 7.2% |
| 2016 | $8.83B | +30.3% | $2.80B | 31.7% | $379.8M | 4.3% |
Full NFLX Stock Analysis
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Start ComparisonNFLX — Frequently Asked Questions
Quick answers to the most common questions about buying NFLX stock.
Is NFLX's revenue growth accelerating or slowing?
NFLX revenue is accelerating at +17.6% year-over-year, exceeding the 5-year CAGR of +12.6%. TTM revenue reached $45.2B. Growth momentum has increased versus prior periods.
What is NFLX's long-term revenue growth rate?
Netflix, Inc.'s 5-year revenue CAGR of +12.6% reflects the sustained expansion pattern. Current YoY growth of +17.6% is above this long-term average.
How is NFLX's revenue distributed by segment?
NFLX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.