FINHUB Insights

NFLX · Q3 FY25 · Jul 1 – Sep 30, 2025

Netflix Q3 FY25: where the revenue came from and where it went

Netflix Q3 FY25: revenue $11.5B (+17% year over year). Net profit $2.5B. Largest cohort United States and Canada $5.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 22, 2025 10-Q
Sankey diagram of Netflix's income statement for Q3 FY25: revenue of $11.5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$11.5B +17% year over year
Gross profit$5.3B 46% margin
Operating profit$3.2B 28% margin
Net profit$2.5B 22% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear 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−6.254%
Gross profit5.346% margin−1pp
Research & development−0.87%+0pp
Sales & marketing−0.87%+0pp
G&A−0.54%+0pp
Operating profit3.228% margin−1pp
Tax−0.6
Interest & other costs−0.1
Net profit2.522%−2pp
Filing on EDGAR More quarters of NFLX

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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