Netflix Q2 FY26: 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
- Apr 1 – Jun 30, 2026
- Reported
- Jul 17, 2026
Revenue$12.56B
+13% year over year
Gross profit$6.52B
52% margin
Operating profit$4.19B
33% margin
Net profit$3.40B
27% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 12.56 | 100% | +13% |
| United States & Canada | 5.43 | 43% | +10% |
| EMEA | 4.03 | 32% | +14% |
| Latin America | 1.58 | 13% | +21% |
| Asia Pacific | 1.51 | 12% | +16% |
| Cost of revenue | −6.04 | 48% | |
| Gross profit | 6.52 | 52% margin | +0pp |
| R&D | −1.01 | 8% | +1pp |
| Sales & marketing | −0.82 | 7% | +0pp |
| G&A | −0.50 | 4% | +0pp |
| Operating profit | 4.19 | 33% margin | −1pp |
| Interest & other costs | −0.12 | ||
| Tax | −0.67 | ||
| Net profit | 3.40 | 27% margin | −1pp |
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