NFLX Q3 2023 Earnings — Income Statement Breakdown
For its Q3 2023 period (ending 2023-09-30), NFLX reported revenue of $8.5B, gross profit of $3.6B (42.3% gross margin), operating income of $1.9B, and net income of $1.7B (19.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NFLX was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
NFLX Q3 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $8.5B | 100% |
| Cost of Revenue | −$4.9B | 57.7% |
| Gross Profit | $3.6B | 42.3% |
| Research & Development | −$657M | 7.7% |
| Selling, General & Administrative | −$1.0B | 12.1% |
| Operating Income | $1.9B | 22.4% |
| Interest Expense | −$176M | 2.1% |
| Other Income, net | $168M | 2.0% |
| Income Tax Expense | −$232M | 2.7% |
| Net Income | $1.7B | 19.6% |
Source: original SEC filing (filed 2023-10-18). Accession 0001065280-23-000272. Data normalized by EarningsFyi.