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Netflix (NFLX) stock price, revenue, and financials

Netflix market cap is $82.8 b, and annual revenue was $29.7 b in FY 2021

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+1.41(+0.76%)

$82.8 B

NFLX Mkt cap, 20-May-2022

$7.9 B

Netflix Revenue Q1, 2022

Netflix Gross profit (Q1, 2022)3.6 B

Netflix Gross profit margin (Q1, 2022), %45.5%

Netflix Net income (Q1, 2022)1.6 B

Netflix EBIT (Q1, 2022)2 B

Netflix Cash, 31-Dec-20216 B

Netflix EV92.2 B

Netflix Revenue

Netflix revenue was $29.7 b in FY, 2021 which is a 18.8% year over year increase from the previous period.

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Netflix Revenue Breakdown

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Netflix revenue breakdown by business segment: 99.4% from Streaming revenues and 0.6% from Other

Netflix revenue breakdown by geographic segment: 11.1% from Asia-Pacific, 32.9% from Europe, Middle East, and Africa, 12.1% from Latin America and 44.0% from United States and Canada

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Revenue	20.2b	25.0b	29.7b
Revenue growth, %	28%	24%	19%
Cost of goods sold	12.4b	15.3b	17.3b
Gross profit	7.7b	9.7b	12.4b
Gross profit Margin, %	38%	39%	42%
Sales and marketing expense	2.7b	2.2b	2.5b
R&D expense	1.5b	1.8b	2.3b
General and administrative expense	914.4m	1.1b	1.4b
Operating expense total	5.1b	5.1b	6.2b
EBIT	2.6b	4.6b	6.2b
EBIT margin, %	13%	18%	21%
Interest expense	626.0m	767.5m	765.6m
Pre tax profit	2.1b	3.2b	5.8b
Income tax expense	195.3m	438.0m	723.9m
Net Income	1.9b	2.8b	5.1b
EPS	4.1	6.1	11.2

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022
Revenue	4.5b	4.9b	5.2b	5.8b	6.1b	6.4b	7.2b	7.3b	7.5b	7.9b
Cost of goods sold	2.9b	3.0b	3.1b	3.6b	3.6b	3.9b	3.9b	4.0b	4.2b	4.3b
Gross profit	1.7b	1.9b	2.1b	2.2b	2.5b	2.6b	3.3b	3.3b	3.3b	3.6b
Gross profit Margin, %	37%	39%	41%	38%	41%	40%	46%	45%	44%	46%
Sales and marketing expense	616.6m	603.2m	553.8m	503.8m	434.4m	527.6m	512.5m	604.0m	635.9m	556.0m
R&D expense	372.8m	383.2m	379.8m	453.8m	435.0m	453.8m	525.2m	537.3m	563.9m	657.5m
General and administrative expense	202.0m	224.7m	233.2m	252.1m	277.2m	271.6m	297.2m	334.8m	321.8m	397.9m
Operating expense total	1.2b	1.2b	1.2b	1.2b	1.1b	1.3b	1.3b	1.5b	1.5b	1.6b
EBIT	459.1m	706.4m	980.2m	958.3m	1.4b	1.3b	2.0b	1.8b	1.8b	2.0b
EBIT margin, %	10%	14%	19%	17%	22%	20%	27%	25%	23%	25%
Interest expense	135.5m	152.0m	160.7m	184.1m	189.2m	197.1m	194.4m	191.3m	190.4m	187.6m
Pre tax profit	399.7m	500.9m	1.0b	795.9m	1.0b	861.5m	2.0b	1.6b	1.7b	2.0b
Income tax expense	55.6m	230.3m	347.1m	86.8m	315.4m	71.5m	327.8m	240.8m	211.9m	382.2m
Net Income	344.1m	270.7m	665.2m	709.1m	720.2m	790.0m	1.7b	1.4b	1.4b	1.6b
EPS	0.8	0.6	1.5	1.6	1.6	1.7	3.8	3.0	3.2	3.5

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Cash	5.0b	8.2b	6.0b
Accounts Receivable	454.4m	610.8m	804.3m
Prepaid Expenses	181.0m	203.0m	323.8m
Current Assets	6.2b	9.8b	8.1b
PP&E	565.2m	960.2m	1.3b
Total Assets	34.0b	39.3b	44.6b
Accounts Payable	674.3m	656.2m	837.5m
Short-term debt		499.9m	699.8m
Current Liabilities	6.9b	7.8b	8.5b
Long-term debt	14.8b	15.8b	14.7b
Total Debt	14.8b	16.3b	15.4b
Total Liabilities	26.4b	28.2b	28.7b
Common Stock	2.8b	3.4b	4.0b
Retained Earnings	4.8b	7.6b	12.7b
Total Equity	7.6b	11.1b	15.8b
Debt to Equity Ratio	1.9 x	1.5 x	1 x
Debt to Assets Ratio	0.4 x	0.4 x	0.3 x
Financial Leverage	4.5 x	3.5 x	2.8 x

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021
Cash	3.3b	5.0b	4.4b	5.2b	7.2b	8.4b	8.4b	7.8b	7.5b
Accounts Receivable	433.0m	492.0m	466.2m	539.9m	565.7m	604.8m	807.0m	775.2m	782.4m
Prepaid Expenses	177.5m	184.0m	187.9m	214.4m	204.8m	209.2m	273.5m	294.8m	305.1m
Current Assets	4.2b	5.9b	5.3b	6.4b	8.6b	9.8b	10.1b	9.6b	9.4b
PP&E	434.4m	452.4m	482.0m	650.5m	751.9m	828.1m	1.0b	1.1b	1.2b
Total Assets	27.2b	30.2b	30.9b	35.1b	37.2b	38.6b	40.1b	41.0b	42.7b
Accounts Payable	439.5m	442.2m	444.1m	545.5m	446.7m	541.3m	532.9m	622.9m	643.1m
Short-term debt				498.8m	499.2m	499.5m	698.8m	699.1m	699.5m
Current Liabilities	6.9b	6.9b	7.3b	7.9b	7.6b	7.9b	8.0b	7.8b	8.0b
Long-term debt	10.3b	12.6b	12.4b	14.2b	15.3b	15.5b	14.9b	14.9b	14.8b
Total Debt	10.3b	12.6b	12.4b	14.7b	15.8b	16.0b	15.6b	15.6b	15.5b
Total Liabilities	21.5b	24.1b	24.1b	26.7b	27.8b	28.3b	27.2b	27.1b	27.4b
Common Stock	2.4b	2.6b	2.7b	2.9b	3.1b	3.3b	3.6b	3.7b	3.9b
Retained Earnings	3.3b	3.6b	4.2b	5.5b	6.2b	7.0b	9.3b	10.6b	12.1b
Total Equity	5.7b	6.1b	6.9b	8.4b	9.3b	10.3b	12.9b	13.9b	15.3b
Debt to Equity Ratio	1.8 x	2.1 x	1.8 x	1.7 x	1.7 x	1.6 x	1.2 x	1.1 x	1 x
Debt to Assets Ratio	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x	0.4 x
Financial Leverage	4.8 x	4.9 x	4.5 x	4.2 x	4 x	3.7 x	3.1 x	3 x	2.8 x

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Net Income	1.9b	2.8b	5.1b
Depreciation and Amortization	9.3b	10.9b	12.5b
Accounts Payable	96.1m	(41.6m)	145.1m
Cash From Operating Activities	(2.9b)	2.4b	392.6m
Purchases of PP&E	(253.0m)	(497.9m)	(524.6m)
Cash From Investing Activities	(387.1m)	(505.4m)	(1.3b)
Long-term Borrowings			(500.0m)
Cash From Financing Activities	4.5b	1.2b	(1.1b)
Net Change in Cash	1.2b	3.2b	(2.2b)
Interest Paid	599.1m	762.9m	763.4m
Income Taxes Paid	400.7m	291.6m	509.3m

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q2, 2021
Net Income	344.1m	614.7m	1.3b	709.1m	1.4b	2.2b	1.4b
Depreciation and Amortization	2.2b	2.3b	2.3b	2.5b	2.6b	2.8b	2.8b
Accounts Payable	(124.5m)	(127.1m)	(134.8m)	(149.2m)	(261.2m)	(149.5m)	72.3m
Cash From Operating Activities	(379.8m)	(923.6m)	(1.4b)	259.9m	1.3b	2.6b	(63.8m)
Purchases of PP&E	(60.4m)	(100.0m)	(145.3m)	(98.0m)	(239.8m)	(349.6m)	(110.3m)
Cash From Investing Activities	(80.1m)	(130.1m)	(179.5m)	(98.3m)	(240.3m)	(359.0m)	(111.3m)
Cash From Financing Activities	23.0m	2.3b	2.3b	43.7m	1.1b	1.2b	(480.3m)
Net Change in Cash	(441.9m)	1.2b	647.7m	134.4m	2.1b	3.4b	(631.8m)

USD	Q1, 2019
Debt/Equity	1.8 x
Debt/Assets	0.4 x
Financial Leverage	4.8 x

	FY, 2018	Q1, 2019	Q2, 2019	Q3, 2019	FY, 2019	Q1, 2020	Q2, 2020	Q3, 2020	FY, 2020	Q1, 2021	Q2, 2021	Q3, 2021	FY, 2021
Countries	190	190	190	190	190	190	190	190	190	190	190	190	190
Paying Customers	139.26 m	151.43 m	153.97 m	160.61 m	167.09 m	182.86 m	187.9 m	195.15 m	203.66 m	207.64 m	209.18 m	213.56 m	221.84 m
Paying Customers (Domestic Streaming)	58.49 m	60.23 m	60.1 m	60.62 m	61.04 m
Paying Customers (International Streaming)	80.77 m	88.63 m	91.46 m	97.71 m	106.05 m
Paying Customers (Domestic DVD)	2.71 m	2.57 m	2.41 m	2.28 m	2.15 m
Paying Customers (UCAN Streaming)					67.66 m	69.97 m	72.9 m	73.08 m	73.94 m	74.38 m	73.95 m	74.02 m	75.22 k
Paying Customers (EMEA Streaming)					51.78 m	58.73 m	61.48 m	62.24 m	66.7 m	68.51 m	68.7 m	70.5 m	74.04 k
Paying Customers (LATAM Streaming)					31.42 m	34.32 m	36.07 m	36.32 m	37.54 m	37.89 m	36.66 m	38.99 m	39.96 m
Paying Customers (APAC Streaming)					16.23 m	19.84 m	22.49 m	23.5 m	25.49 m	26.85 m	27.88 m	30.05 m	32.63 m
Net Paying Customer Additions (Global Streaming)	28.62 m	9.6 m	2.7 m	6.77 m	27.83 m	15.77 m	10.09 m	2.2 m	36.57 m	3.98 m	1.54 m	4.38 m	18.18 m
Average Monthly Revenue per Paying Customer (Global Streaming)	$10.31	$10.27	$10.76	$11.13	$10.82	$10.87	$10.8	$10.95	$10.91	$11.53	$11.67	$11.73	$11.67
Average Monthly Revenue per Paying Customer (Domestic Streaming)	$11.4	$11.64	$12.74	$13.32
Average Monthly Revenue per Paying Customer (International Streaming)	$9.43	$9.31	$9.43	$9.73
Average Monthly Revenue per Paying Customer (Domestic DVD)	$10.19	$10.21	$10.21	$10.22
Average Monthly Revenue per Paying Customer (UCAN Streaming)					$12.57	$13.09	$13.25	$13.4	$13.32	$14.25	$14.54	$14.68	$14.56
Average Monthly Revenue per Paying Customer (EMEA Streaming)					$10.33	$10.4	$10.5	$10.88	$10.72	$11.56	$11.66	$11.65	$11.63
Average Monthly Revenue per Paying Customer (LATAM Streaming)					$8.21	$8.05	$7.44	$7.27	$7.45	$7.39	$7.5	$7.86	$7
Average Monthly Revenue per Paying Customer (APAC Streaming)					$9.24	$8.94	$8.96	$9.2	$9.12	$9.71	$9.74	$9.6	$9.56
Free Trials	9.22 m	6.59 m	6.07 m	5.61 m
Free Trials (Domestic Streaming)	2.07 m	1.56 m	1.58 m	1.38 m
Free Trials (International Streaming)	7.13 m	5 m	4.48 m	4.22 m
Free Trials (Domestic DVD)	25 k	22 k	17 k	16 k

Gender

	Y, 2021	Y, 2020	Y, 2019
Female, percent	25.9%	24.4%	24.5%
Male, percent	24.1%	25.6%	25.5%
Male (Management), percent	24.4%	26.1%	25.5%
Female (Management), percent	25.6%	23.9%	24.5%

Source: about.netflix.com, s22.q4cdn.com

Ethnicity

	Y, 2021	Y, 2020	Y, 2019
Hispanic / Latino (USA), percent	9.2%	8.7%	18.4%
Black / African American (USA), percent	11.5%	9.4%	18.4%
Two or More Races (USA), percent	6%	5.3%
White (USA), percent	45.9%	48.6%
Asian (USA), percent	25.2%	26.3%	63.2%
Other	2.3%	1.8%