NFLX Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), NFLX reported revenue of $9.6B, gross profit of $4.4B (45.9% gross margin), operating income of $2.6B, and net income of $2.1B (22.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NFLX was profitable; revenue grew 2.0% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +2.0% | −7.9% | −2.4 pp |
Consensus estimate data is not available for this report.
NFLX Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $9.6B | 100% |
| Cost of Revenue | −$5.2B | 54.1% |
| Gross Profit | $4.4B | 45.9% |
| Research & Development | −$711M | 7.4% |
| Selling, General & Administrative | −$1.1B | 11.2% |
| Operating Income | $2.6B | 27.2% |
| Interest Expense | −$168M | 1.8% |
| Other Income, net | $79M | 0.8% |
| Income Tax Expense | −$367M | 3.8% |
| Net Income | $2.1B | 22.5% |
Source: original SEC filing (filed 2024-07-18). Accession 0001065280-24-000199. Data normalized by EarningsFyi.