Netflix, Inc.
NFLX · Price history
Price at last available close
$62.15
−$8.15 (-11.59%) 1M
2026-10-29
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Company & revenue
About Netflix, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 3, 2026. A research update is not a new financial filing.
Who they are
Netflix, Inc. serves as a worldwide entertainment provider. Its comprehensive library features television series, motion pictures, documentaries, and mobile games, spanning numerous genres and languages. Members can effortlessly stream this content through a variety of internet-connected devices, including smart TVs, digital media players, cable boxes, and mobile phones.
How they make money
Netflix generates revenue primarily through monthly membership fees from subscribers who access its streaming entertainment service. The company also generates revenue through advertising services on its ad-supported subscription plans.
Products & services
Subscription-based streaming service providing access to a wide variety of TV series, documentaries, feature films, and mobile games across a wide variety of genres and languages.
Brands & revenue mix
Primary streaming entertainment service brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer types
- Individual consumers of streaming entertainmentSource
Customer concentration
Netflix does not disclose any single customer that accounts for a significant portion of its total revenue, as it operates a direct-to-consumer subscription model (2025 10-K).
Suppliers, materials & equipment
- Content creators and production studios — Unnamed suppliers providing original and licensed film and television content. The company notes this as the primary component of their cost of revenue.Source
Business relationships & partnerships
- Consumer electronics (CE) manufacturers — Marketing partnership involving promotion of Netflix services.Source
- Multichannel video programming distributors (MVPDs) — Marketing partnership involving promotion of Netflix services.Source
- Mobile operators — Marketing partnership involving promotion of Netflix services.Source
- ISPs — Marketing partnership involving promotion of Netflix services.Source
- Advertising technology providers — Advertising sales partnerships.Source
- Advertising agencies — Advertising sales partnerships.Source
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
61
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
88
Strong
Financial Strength
92
Business Quality / Moat
100
Management
100
Growth Quality
42
Risk / Durability
90
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
72
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
71/100
Building Historical Record
Model Score 71/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Balance-sheet / debt profile scores strongly
- •Valuation scores attractively
- •Recent buyback activity is present
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for NFLX
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can NFLX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is NFLX's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does NFLX's balance between cash and debt leave enough flexibility if business conditions weaken?
- •Is NFLX's valuation discount tied to a temporary concern or to a longer-term business risk?
Essential Investment Snapshot
Wall Street Score
61
Opportunity Score
72
Market Cap
$258.93B
P/E Ratio
21.6
EPS
$3.23
52-Week High
$124.86
52-Week Low
$65.08
Beta
1.61
Intrinsic Value
$109.11
Analyst Target
$85.00
Shares Outstanding
4.32B
Total Revenue
$48.37B
Total Debt
$14.31B
Dividend
No current dividend
Liquidation Value / Share
$6.98
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NFLX
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on NFLX.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Global scale and reach.
- +Extensive library of original and licensed content.
- +Strong brand recognition and company culture.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Entertainment industry.
- −Highly competitive market and evolving landscape.
- −Regulatory actions including investment obligations and content quotas.
- −Foreign exchange rate volatility.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
60
Oct 8, 2026
Change
+0.6
points
Current Score
61
Oct 20, 2026
Category Changes
NFLX increased 0.6 points because Valuation improved by 2.5 points.
Positive Contributors
- + Valuation improved by 2.5 points
Projected Score
Projected Score
60
Projected Change
-0.6 points
Preliminary comparable-period financial changes suggest decline of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$62.19
Model Intrinsic Value
$109.11
Difference
−$46.92
-43.0% vs IV
Margin of Safety
43.0%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.37B | $45.18B | $39.00B | $33.72B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $24.61B | $23.28B | $21.04B | $19.72B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $23.76B | $21.91B | $17.96B | $14.01B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $3.71B | $3.39B | $2.93B | $2.68B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $5.69B | $5.19B | $4.62B | $4.38B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $9.40B | $8.58B | $7.54B | $7.05B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $35.01B | $30.25B | $26.31B | $21.51B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $14.35B | $13.33B | $10.42B | $6.95B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $847.5M | $776.5M | $718.7M | $748.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $16.49B | $12.72B | $9.97B | $6.21B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $2.84B | $1.74B | $1.25B | $797.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $13.65B | $10.98B | $8.71B | $5.41B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $3.23 | $2.58 | $2.03 | $1.23 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 4.19B | 4.23B | 4.30B | 4.42B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 4.26B | 4.32B | 4.39B | 4.49B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$12.56B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.80
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-1.0%
Cash Change
+11.3%
Margin Change
-1.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. Pressure indicators included net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 13.4%. EPS increased 11.1%. Cash increased 11.3%. Total debt declined 1.0%. Net income margin declined by 1.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
61
Smart Money
61
Number of Gurus
15
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
EntertainmentNews
Netflix stock is falling after earnings: why Morningstar sees it rising 30%
Netflix's Advertising Business Expands Rapidly: Can Momentum Continue?
From zeitgeist to zeitghost: How Netflix kept a hold on viewers—but lost its spot in pop culture
Why Netflix (NFLX) International Revenue Trends Deserve Your Attention
Rumor Mill · NFLX
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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