NFLX Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2025-03-31), NFLX reported revenue of $10542.8B, gross profit of $5279.7B (50.1% gross margin), operating income of $3347.0B, and net income of $2890.4B (27.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NFLX was profitable; revenue grew 112411.3% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +112411.3% | +123831.9% | +2.5 pp |
| Quarter over quarter | +102791.6% | +154579.4% | +9.2 pp |
Consensus estimate data is not available for this report.
NFLX Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $10542.8B | 100% |
| Cost of Revenue | −$5263.1B | 49.9% |
| Gross Profit | $5279.7B | 50.1% |
| Research & Development | −$822.8B | 7.8% |
| Selling, General & Administrative | −$1109.8B | 10.5% |
| Operating Income | $3347.0B | 31.7% |
| Interest Expense | −$184.2B | 1.7% |
| Other Income, net | $50.9B | 0.5% |
| Income Tax Expense | −$323.4B | 3.1% |
| Net Income | $2890.4B | 27.4% |
Source: original SEC filing (filed 2025-04-17). Accession 0001065280-25-000175. Data normalized by EarningsFyi.