Netflix

NFLX · Communication Services · Market cap $299B

Q2 FY26 Jun 30, 2026 reported Jul 17, 2026

Revenue$12.6B +13% year over year

Gross profit$6.5B

Operating profit$4.2B

Net profit$3.4B 27% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	12.6	100%	+13%
United States and Canada	5.4	43%	+10%
EMEA	4	32%	+14%
Latin America	1.6	13%	+21%
Asia Pacific	1.5	12%	+16%
Cost of revenue	−6	48%
Gross profit	6.5	52% margin	+0pp
Research & development	−1	8%	+1pp
Sales & marketing	−0.8	7%	+0pp
G&A	−0.5	4%	+0pp
Operating profit	4.2	33% margin	−1pp
Tax	−0.7
Interest & other costs	−0.1
Net profit	3.4	27%	−1pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	12.2	100%	+16%
United States and Canada	5.2	43%	+14%
EMEA	4	33%	+17%
Asia Pacific	1.5	12%	+20%
Latin America	1.5	12%	+19%
Cost of revenue	−5.9	48%
Gross profit	6.4	52% margin	+2pp
Research & development	−1	8%	+0pp
Sales & marketing	−0.8	7%	+0pp
G&A	−0.6	5%	+1pp
Operating profit	4	32% margin	+1pp
Tax	−1.3
Net profit	5.3	43%	+16pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	12.1	100%	+18%
United States and Canada	5.3	44%	+18%
EMEA	3.9	32%	+18%
Asia Pacific	1.4	12%	+17%
Latin America	1.4	12%	+15%
Cost of revenue	−6.5	54%
Gross profit	5.5	46% margin	+2pp
Research & development	−0.9	7%	+0pp
Sales & marketing	−1.1	9%	+0pp
G&A	−0.6	5%	+0pp
Operating profit	3	25% margin	+2pp
Tax	−0.4
Interest & other costs	−0.2
Net profit	2.4	20%	+2pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	11.5	100%	+17%
United States and Canada	5.1	44%	+17%
EMEA	3.7	32%	+18%
Latin America	1.4	12%	+10%
Asia Pacific	1.4	12%	+21%
Cost of revenue	−6.2	54%
Gross profit	5.3	46% margin	−1pp
Research & development	−0.8	7%	+0pp
Sales & marketing	−0.8	7%	+0pp
G&A	−0.5	4%	+0pp
Operating profit	3.2	28% margin	−1pp
Tax	−0.6
Interest & other costs	−0.1
Net profit	2.5	22%	−2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jun 30, 2026	Jul 17, 2026	$12.6B	+13%	33%	$3.4B	27%
Q1 FY26	Jan 1 – Mar 31, 2026	Apr 17, 2026	$12.2B	+16%	33%	$5.3B	43%
Q4 FY25	Oct 1 – Dec 31, 2025	Jan 23, 2026	$12.1B	+18%	25%	$2.4B	20%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 22, 2025	$11.5B	+17%	28%	$2.5B	22%