Netflix annual net debt
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Netflix Net Debt Growth & History (NFLX)
Netflix's net debt was $7.94B for fiscal 2025.
View full Netflix company overviewNetflix annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.94B | −$2.25B | −22.06% |
| 2024 | 2024-12-31 | $10.19B | $333.8M | +3.39% |
| 2023 | 2023-12-31 | $9.86B | −$1.93B | −16.36% |
| 2022 | 2022-12-31 | $11.78B | −$304.4M | −2.52% |
| 2021 | 2021-12-31 | $12.09B | $1.78B | +17.31% |
| 2020 | 2020-12-31 | $10.31B | −$1.05B | −9.24% |
| 2019 | 2019-12-31 | $11.35B | $4.79B | +72.93% |
| 2018 | 2018-12-31 | $6.57B | $2.89B | +78.58% |
| 2017 | 2017-12-31 | $3.68B | $1.78B | +93.84% |
| 2016 | 2016-12-31 | $1.90B | $1.33B | +237.48% |
| 2015 | 2015-12-31 | $562.0M | $789.8M | — |
| 2014 | 2014-12-31 | −$227.8M | −$122.8M | — |
| 2013 | 2013-12-31 | −$105.0M | −$14.7M | — |
| 2012 | 2012-12-31 | −$90.3M | — | — |
| 2009 | 2009-12-31 | $65.8M | $205.7M | — |
| 2008 | 2008-12-31 | −$139.9M | — | — |
Netflix quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $7.54B | −$1.22B | −13.89% |
| Q1 2026 | 2026-03-31 | $4.48B | −$5.74B | −56.16% |
| Q4 2025 | 2025-12-31 | $7.94B | −$2.25B | −22.06% |
| Q3 2025 | 2025-09-30 | $7.80B | −$3.26B | −29.46% |
| Q2 2025 | 2025-06-30 | $8.76B | −$1.14B | −11.54% |
| Q1 2025 | 2025-03-31 | $10.22B | $736.8M | +7.77% |
| Q4 2024 | 2024-12-31 | $10.19B | $333.8M | +3.39% |
| Q3 2024 | 2024-09-30 | $11.05B | $1.64B | +17.43% |
| Q2 2024 | 2024-06-30 | $9.90B | $568.4M | +6.09% |
| Q1 2024 | 2024-03-31 | $9.49B | −$754.4M | −7.37% |
| Q4 2023 | 2023-12-31 | $9.86B | −$1.93B | −16.36% |
| Q3 2023 | 2023-09-30 | $9.41B | −$907.4M | −8.79% |
| Q2 2023 | 2023-06-30 | $9.33B | −$1.76B | −15.86% |
| Q1 2023 | 2023-03-31 | $10.24B | −$1.05B | −9.29% |
| Q4 2022 | 2022-12-31 | $11.78B | −$304.4M | −2.52% |
| Q3 2022 | 2022-09-30 | $10.32B | −$161.5M | −1.54% |
| Q2 2022 | 2022-06-30 | $11.09B | $924.0M | +9.09% |
| Q1 2022 | 2022-03-31 | $11.29B | $1.96B | +20.94% |
| Q4 2021 | 2021-12-31 | $12.09B | $1.78B | +17.31% |
| Q3 2021 | 2021-09-30 | $10.48B | $735.2M | +7.54% |
| Q2 2021 | 2021-06-30 | $10.17B | −$389.3M | −3.69% |
| Q1 2021 | 2021-03-31 | $9.34B | −$1.78B | −16.00% |
| Q4 2020 | 2020-12-31 | $10.31B | −$1.05B | −9.24% |
| Q3 2020 | 2020-09-30 | $9.74B | $640.4M | +7.03% |
| Q2 2020 | 2020-06-30 | $10.55B | $1.88B | +21.69% |
| Q1 2020 | 2020-03-31 | $11.11B | $3.27B | +41.68% |
| Q4 2019 | 2019-12-31 | $11.35B | $4.79B | +72.93% |
| Q3 2019 | 2019-09-30 | $9.10B | $3.84B | +72.79% |
| Q2 2019 | 2019-06-30 | $8.67B | $4.24B | +95.55% |
| Q1 2019 | 2019-03-31 | $7.84B | $3.90B | +98.65% |
| Q4 2018 | 2018-12-31 | $6.57B | $2.89B | +78.58% |
| Q3 2018 | 2018-09-30 | $5.27B | $2.13B | +67.68% |
| Q2 2018 | 2018-06-30 | $4.44B | $1.52B | +52.03% |
| Q1 2018 | 2018-03-31 | $3.95B | $1.66B | +72.61% |
| Q4 2017 | 2017-12-31 | $3.68B | $1.78B | +93.84% |
| Q3 2017 | 2017-09-30 | $3.14B | $1.74B | +123.68% |
| Q2 2017 | 2017-06-30 | $2.92B | $1.94B | +197.07% |
| Q1 2017 | 2017-03-31 | $2.29B | $1.52B | +198.26% |
| Q4 2016 | 2016-12-31 | $1.90B | $1.33B | +237.48% |
| Q3 2016 | 2016-09-30 | $1.40B | $1.12B | +393.67% |
| Q2 2016 | 2016-06-30 | $982.2M | $876.0M | +825.45% |
| Q1 2016 | 2016-03-31 | $767.0M | $821.8M | — |
| Q4 2015 | 2015-12-31 | $562.0M | $789.8M | — |
| Q3 2015 | 2015-09-30 | $284.6M | $567.8M | — |
| Q2 2015 | 2015-06-30 | $106.1M | $420.4M | — |
| Q1 2015 | 2015-03-31 | −$54.8M | $202.7M | — |
| Q4 2014 | 2014-12-31 | −$227.8M | −$122.8M | — |
| Q3 2014 | 2014-09-30 | −$283.2M | −$344.2M | — |
| Q2 2014 | 2014-06-30 | −$314.2M | −$443.6M | — |
| Q1 2014 | 2014-03-31 | −$257.4M | — | — |
| Q4 2013 | 2013-12-31 | −$105.0M | −$14.7M | — |
| Q3 2013 | 2013-09-30 | $60.9M | — | — |
| Q2 2013 | 2013-06-30 | $129.3M | — | — |
| Q4 2012 | 2012-12-31 | −$90.3M | — | — |
| Q1 2010 | 2010-03-31 | $120.1M | — | — |
| Q4 2009 | 2009-12-31 | $65.8M | $205.7M | — |
| Q3 2009 | 2009-09-30 | −$55.7M | — | — |
| Q2 2009 | 2009-06-30 | −$87.5M | — | — |
| Q4 2008 | 2008-12-31 | −$139.9M | — | — |
Netflix net debt trends
Over the last five fiscal years, Netflix's net debt decreased from $10.31B to $7.94B, a change of −$2.36B. The latest reported quarter, Q2 2026, shows $7.54B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Netflix source filings ↗Community posts
Netflix grows profit faster than sales but flags expense-timing benefits
Netflix ($NFLX) reported quarterly revenue of $12.874 billion, an increase of 11.8%, and operating income of $4.459 billion, up 37%. Operating margin reached 34.6%, compared with 28.2% a year earlier. Net income rose 44% to $3.664 billion, ...
