Netflix annual capital expenditures (capex)
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Netflix Capital Expenditures (CapEx) Growth & History (NFLX)
Netflix's capital expenditures (capex) was $688.2M for fiscal 2025.
View full Netflix company overviewNetflix annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $688.2M | $248.7M | +56.58% |
| 2024 | 2024-12-31 | $439.5M | $91.0M | +26.10% |
| 2023 | 2023-12-31 | $348.6M | −$59.2M | −14.51% |
| 2022 | 2022-12-31 | $407.7M | −$116.9M | −22.28% |
| 2021 | 2021-12-31 | $524.6M | $26.7M | +5.35% |
| 2020 | 2020-12-31 | $497.9M | $244.9M | +96.78% |
| 2019 | 2019-12-31 | $253.0M | $79.1M | +45.47% |
| 2018 | 2018-12-31 | $173.9M | $644,000 | +0.37% |
| 2017 | 2017-12-31 | $173.3M | $65.6M | +60.98% |
| 2016 | 2016-12-31 | $107.7M | $16.4M | +17.98% |
| 2015 | 2015-12-31 | $91.2M | $21.5M | +30.87% |
| 2014 | 2014-12-31 | $69.7M | $15.6M | +28.78% |
| 2013 | 2013-12-31 | $54.1M | $13.9M | +34.42% |
| 2012 | 2012-12-31 | $40.3M | −$9.4M | −18.93% |
| 2011 | 2011-12-31 | $49.7M | $15.8M | +46.83% |
| 2010 | 2010-12-31 | $33.8M | −$12.1M | −26.33% |
| 2009 | 2009-12-31 | $45.9M | $2.1M | +4.89% |
| 2008 | 2008-12-31 | $43.8M | −$466,000 | −1.05% |
| 2007 | 2007-12-31 | $44.3M | — | — |
Netflix quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $218.6M | $62.8M | +40.26% |
| Q1 2026 | 2026-03-31 | $196.1M | $67.9M | +52.90% |
| Q4 2025 | 2025-12-31 | $239.3M | $80.7M | +50.83% |
| Q3 2025 | 2025-09-30 | $164.7M | $37.9M | +29.84% |
| Q2 2025 | 2025-06-30 | $155.9M | $77.6M | +99.13% |
| Q1 2025 | 2025-03-31 | $128.3M | $52.6M | +69.42% |
| Q4 2024 | 2024-12-31 | $158.7M | $77.0M | +94.38% |
| Q3 2024 | 2024-09-30 | $126.9M | $22.9M | +22.07% |
| Q2 2024 | 2024-06-30 | $78.3M | −$22.7M | −22.47% |
| Q1 2024 | 2024-03-31 | $75.7M | $13.7M | +22.08% |
| Q4 2023 | 2023-12-31 | $81.6M | −$30.0M | −26.85% |
| Q3 2023 | 2023-09-30 | $103.9M | $19.0M | +22.33% |
| Q2 2023 | 2023-06-30 | $101.0M | $11.0M | +12.17% |
| Q1 2023 | 2023-03-31 | $62.0M | −$59.1M | −48.81% |
| Q4 2022 | 2022-12-31 | $111.6M | −$54.4M | −32.77% |
| Q3 2022 | 2022-09-30 | $85.0M | −$82.4M | −49.23% |
| Q2 2022 | 2022-06-30 | $90.0M | −$20.3M | −18.37% |
| Q1 2022 | 2022-03-31 | $121.2M | $40.2M | +49.58% |
| Q4 2021 | 2021-12-31 | $166.0M | $17.6M | +11.88% |
| Q3 2021 | 2021-09-30 | $167.3M | $57.5M | +52.38% |
| Q2 2021 | 2021-06-30 | $110.3M | −$31.5M | −22.20% |
| Q1 2021 | 2021-03-31 | $81.0M | −$17.0M | −17.36% |
| Q4 2020 | 2020-12-31 | $148.4M | $40.6M | +37.70% |
| Q3 2020 | 2020-09-30 | $109.8M | $64.5M | +142.23% |
| Q2 2020 | 2020-06-30 | $141.7M | $102.2M | +258.08% |
| Q1 2020 | 2020-03-31 | $98.0M | $37.6M | +62.33% |
| Q4 2019 | 2019-12-31 | $107.7M | $37.6M | +53.65% |
| Q3 2019 | 2019-09-30 | $45.3M | $6.0M | +15.25% |
| Q2 2019 | 2019-06-30 | $39.6M | $12.3M | +44.87% |
| Q1 2019 | 2019-03-31 | $60.4M | $23.2M | +62.45% |
| Q4 2018 | 2018-12-31 | $70.1M | $48.5M | +224.86% |
| Q3 2018 | 2018-09-30 | $39.3M | $5.4M | +15.81% |
| Q2 2018 | 2018-06-30 | $27.3M | −$37.9M | −58.11% |
| Q1 2018 | 2018-03-31 | $37.2M | −$15.4M | −29.23% |
| Q4 2017 | 2017-12-31 | $21.6M | −$39.5M | −64.64% |
| Q3 2017 | 2017-09-30 | $34.0M | $6.6M | +24.11% |
| Q2 2017 | 2017-06-30 | $65.2M | $54.4M | +503.21% |
| Q1 2017 | 2017-03-31 | $52.5M | $44.1M | +523.42% |
| Q4 2016 | 2016-12-31 | $61.0M | $48.2M | +374.93% |
| Q3 2016 | 2016-09-30 | $27.4M | −$10.5M | −27.64% |
| Q2 2016 | 2016-06-30 | $10.8M | −$16.7M | −60.73% |
| Q1 2016 | 2016-03-31 | $8.4M | −$4.6M | −35.37% |
| Q4 2015 | 2015-12-31 | $12.9M | −$2.6M | −17.02% |
| Q3 2015 | 2015-09-30 | $37.8M | $16.8M | +79.82% |
| Q2 2015 | 2015-06-30 | $27.5M | $7.7M | +38.60% |
| Q1 2015 | 2015-03-31 | $13.0M | −$298,000 | −2.23% |
| Q4 2014 | 2014-12-31 | $15.5M | −$7.6M | −32.97% |
| Q3 2014 | 2014-09-30 | $21.0M | $10.2M | +94.24% |
| Q2 2014 | 2014-06-30 | $19.9M | $11.8M | +145.66% |
| Q1 2014 | 2014-03-31 | $13.3M | $1.2M | +10.03% |
| Q4 2013 | 2013-12-31 | $23.1M | $1.8M | +8.26% |
| Q3 2013 | 2013-09-30 | $10.8M | $20,000 | +0.19% |
| Q2 2013 | 2013-06-30 | $8.1M | $4.7M | +140.79% |
| Q1 2013 | 2013-03-31 | $12.1M | $7.4M | +154.26% |
| Q4 2012 | 2012-12-31 | $21.3M | $10.7M | +100.31% |
| Q3 2012 | 2012-09-30 | $10.8M | −$3.3M | −23.24% |
| Q2 2012 | 2012-06-30 | $3.4M | −$5.3M | −61.06% |
| Q1 2012 | 2012-03-31 | $4.8M | −$11.6M | −70.80% |
| Q4 2011 | 2011-12-31 | $10.7M | −$3.8M | −26.16% |
| Q3 2011 | 2011-09-30 | $14.1M | $6.7M | +91.77% |
| Q2 2011 | 2011-06-30 | $8.6M | $3.0M | +52.11% |
| Q1 2011 | 2011-03-31 | $16.3M | $9.9M | +155.28% |
| Q4 2010 | 2010-12-31 | $14.4M | −$8.0M | −35.67% |
| Q3 2010 | 2010-09-30 | $7.3M | −$2.7M | −26.54% |
| Q2 2010 | 2010-06-30 | $5.7M | −$1.3M | −18.20% |
| Q1 2010 | 2010-03-31 | $6.4M | −$179,000 | −2.72% |
| Q4 2009 | 2009-12-31 | $22.4M | — | — |
| Q3 2009 | 2009-09-30 | $10.0M | $768,000 | +8.32% |
| Q2 2009 | 2009-06-30 | $6.9M | −$7.7M | −52.71% |
| Q1 2009 | 2009-03-31 | $6.6M | — | — |
| Q3 2008 | 2008-09-30 | $9.2M | — | — |
| Q2 2008 | 2008-06-30 | $14.7M | — | — |
Netflix capital expenditures (capex) trends
Over the last five fiscal years, Netflix's capital expenditures (capex) increased from $497.9M to $688.2M, a change of $190.3M. The latest reported quarter, Q2 2026, shows $218.6M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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