FINHUB Insights

NFLX · Q1 FY26 · Jan 1 – Mar 31, 2026

Netflix Q1 FY26: where the revenue came from and where it went

Netflix Q1 FY26: revenue $12.2B (+16% year over year). Net profit $5.3B. Largest cohort United States and Canada $5.2B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 17, 2026 10-Q
Sankey diagram of Netflix's income statement for Q1 FY26: revenue of $12.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$12.2B +16% year over year
Gross profit$6.4B 52% margin
Operating profit$4B 32% margin
Net profit$5.3B 43% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear 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−5.948%
Gross profit6.452% margin+2pp
Research & development−18%+0pp
Sales & marketing−0.87%+0pp
G&A−0.65%+1pp
Operating profit432% margin+1pp
Tax−1.3
Net profit5.343%+16pp
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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