Netflix Q3 FY25: where the revenue came from and where it went
The whole income statement of Netflix for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 22, 2025
Revenue$11.51B
+17% year over year
Gross profit$5.35B
46% margin
Operating profit$3.25B
28% margin
Net profit$2.55B
22% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 11.51 | 100% | +17% |
| United States & Canada | 5.07 | 44% | +17% |
| EMEA | 3.70 | 32% | +18% |
| Latin America | 1.37 | 12% | +10% |
| Asia Pacific | 1.37 | 12% | +21% |
| Cost of revenue | −6.16 | 54% | |
| Gross profit | 5.35 | 46% margin | −1pp |
| R&D | −0.85 | 7% | +0pp |
| Sales & marketing | −0.79 | 7% | +0pp |
| G&A | −0.46 | 4% | +0pp |
| Operating profit | 3.25 | 28% margin | −1pp |
| Interest & other costs | −0.14 | ||
| Tax | −0.56 | ||
| Net profit | 2.55 | 22% margin | −2pp |
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