Netflix (NFLX) FY2024 results: revenue $39.0 billion, up 15.6% on the year
Netflix Inc. (NFLX) reported revenue of $39.0 billion for fiscal 2024, the year ended 31 December 2024, up 15.6% on the year before. Net income was $8.7 billion, up 61.1%, and diluted earnings per share $1.98. The figures are the company's own, from the 10-K it filed with the SEC on 27 January 2025.
Revenue
$39.0 billion
+15.6% on the year
FY2017FY2024
Operating margin
26.7%
20.6% a year earlier
FY2017FY2024
Net income
$8.7 billion
+61.1% on the year
FY2017FY2024
Diluted EPS
$1.98
+64.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
7,361
7,274
2,026
+1.2%
Capital expenditure
440
349
408
+26.1%
Free cash flow
6,922
6,926
1,619
-0.1%
Free cash flow margin
17.7%
20.5%
5.1%
Cash from investing
-2,182
542
-2,076
Cash from financing
-4,074
-5,951
-664
Depreciation and amortisation
329
357
337
-7.9%
Share-based compensation
273
339
575
-19.7%
Buybacks
6,264
6,045
0.0
+3.6%
Diluted shares, weighted
4,393m
4,495m
4,513m
-2.3%
Shares outstanding at period end
4,278m
4,328m
4,453m
-1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
24,744
20,588
20,777
+20.2%
Short-term borrowings
n/a
n/a
0.0
Debt
15,583
14,543
14,353
+7.1%
Operating lease liabilities
1,984
2,047
2,223
-3.1%
Other liabilities
11,320
11,554
11,242
-2.0%
Total liabilities and equity
53,630
48,732
48,595
+10.1%
Fixed assets
1,594
1,491
1,398
+6.9%
Intangible assets
32,452
n/a
n/a
Investments
1,779
21.0
911
+8,382.4%
Cash and equivalents
7,805
7,117
5,147
+9.7%
Other assets
10,000
40,103
41,138
-75.1%
Total assets
53,630
48,732
48,595
+10.1%
10-K for the year ended 31 December 2024, filed 27 January 2025: the filing.