NFLX Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-12-31), NFLX reported revenue of $10.2B, gross profit of $4.5B (43.7% gross margin), operating income of $2.3B, and net income of $1.9B (18.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NFLX was profitable; revenue grew 16.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +16.0% | +99.2% | +7.6 pp |
| Quarter over quarter | +4.3% | −20.9% | −5.8 pp |
Consensus estimate data is not available for this report.
NFLX Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $10.2B | 100% |
| Cost of Revenue | −$5.8B | 56.3% |
| Gross Profit | $4.5B | 43.7% |
| Research & Development | −$777M | 7.6% |
| Selling, General & Administrative | −$1.4B | 14.0% |
| Operating Income | $2.3B | 22.2% |
| Interest Expense | −$193M | 1.9% |
| Other Income, net | $54M | 0.5% |
| Income Tax Expense | −$266M | 2.6% |
| Net Income | $1.9B | 18.2% |
Source: original SEC filing (filed 2025-01-21). Accession 0001065280-25-000033. Data normalized by EarningsFyi.