NFLX Q2 2025 Earnings — Income Statement Breakdown
For its Q2 2025 period (ending 2025-06-30), NFLX reported revenue of $11.1B, gross profit of $5.8B (51.9% gross margin), operating income of $3.8B, and net income of $3.1B (28.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NFLX was profitable; revenue grew 15.9% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +15.9% | +45.6% | +5.7 pp |
| Quarter over quarter | −99.9% | −99.9% | +0.8 pp |
Consensus estimate data is not available for this report.
NFLX Q2 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $11.1B | 100% |
| Cost of Revenue | −$5.3B | 48.1% |
| Gross Profit | $5.8B | 51.9% |
| Research & Development | −$825M | 7.4% |
| Selling, General & Administrative | −$1.2B | 10.4% |
| Operating Income | $3.8B | 34.1% |
| Interest Expense | −$183M | 1.6% |
| Other Income, net | $40M | 0.4% |
| Income Tax Expense | −$506M | 4.6% |
| Net Income | $3.1B | 28.2% |
Source: original SEC filing (filed 2025-07-17). Accession 0001065280-25-000322. Data normalized by EarningsFyi.