NFLX
Netflix
Beat
Last quarter EPS $0.80 vs $0.79 consensus +1.4%
A penny EPS beat, a revenue miss, and a soft guide. The stock voted.
Q2 2026 · filed Jul 17, 2026
$78.25
-4.42 (-5.3%)
Netflix did $12.56 billion of revenue, a sliver under the $12.59 billion estimate. EPS of $0.80 beat $0.79 by a cent. The Q3 sales guide (~$12.86B vs ~$13B expected) is what knocked the shares down after hours. In a mature subscriber story, guidance is the print.
Ticker Snapshot
Market cap
$325.8B
Shares × last price
EPS (TTM)
$3.17
Trailing twelve months
EBITDA
$3.74B
Average of last 4 Quarters.
Trailing P/E
24.6
Price / TTM EPS
Forward P/E
20.5
Price / next-year EPS
Price / book
10.8×
Price vs net assets on the books
Price / sales
6.71×
Market cap vs last 12 months of sales
Price / cash flow
27.2×
Market cap vs operating cash flow
EV / revenue
6.86×
Enterprise value vs sales — includes debt
52-week
$65.08 – $126.70
Range over the last year
From the latest filing
Last 4 quarters ended Jun 30, 2026. Same period on every tile. Arrows vs last quarter and as of last year.
Godel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffAdGodel Terminal 30% OffHow sales became profit
Average of Last 4 Quarters · Jul 1, 2025 through Jun 30, 2026
What they sold
$12.09B
Revenue. What customers paid.
Cost to make it
−$6.15B
Cost of goods. What it took to produce.
Profit on the books
$3.41B
GAAP net income. Not cash — that's free cash flow.
Profit margin
28.2%
How much of sales became book profit.
Per $100 of sales
Same story, scaled to a hundred-dollar bill so the mix is obvious.
Sales
$100
Average of last 4 Quarters.
Cost to make it
$51
Average of last 4 Quarters.
On the books
$28
Average of last 4 Quarters.
Where the money came from
Segments tagged in the filing — the parts inside the total.
Subscriptions + ads (one P&L)
$12.56B+16%
Netflix reports one streaming P&L. Ads are inside the same line.
Brief me
A short teacher-voice walkthrough of the filing. On tap, not on load. Never a buy or sell.
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The source documents on EDGAR. Opens in a new tab.
- 4Insider tradesOfficers and directors report buys and sells within two business days. Filed 2026-09-02.
- 8-KCurrent report (earnings 8-K)The exhibit filed the night of the print — Item 2.02 when it is earnings. Filed 2026-07-30.
- 10-QQuarterly reportThe numbered financials, MD&A, and risk-factor updates. Filed 2026-07-17.
- 10-KAnnual reportFull-year audited statements and the business description. Filed 2026-01-23.