NFLX Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), NFLX reported revenue of $12.2B, gross profit of $6.4B (51.9% gross margin), operating income of $4.0B, and net income of $5.3B (43.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NFLX was profitable; revenue fell 99.9% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −99.9% | −99.8% | +15.7 pp |
| Quarter over quarter | +1.7% | +118.4% | +23.1 pp |
Consensus estimate data is not available for this report.
NFLX Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.2B | 100% |
| Cost of Revenue | −$5.9B | 48.1% |
| Gross Profit | $6.4B | 51.9% |
| Research & Development | −$960M | 7.8% |
| Selling, General & Administrative | −$1.4B | 11.8% |
| Operating Income | $4.0B | 32.3% |
| Interest Expense | −$262M | 2.1% |
| Other Income, net | $2.9B | 23.3% |
| Income Tax Expense | −$1.3B | 10.3% |
| Net Income | $5.3B | 43.1% |
Source: original SEC filing (filed 2026-04-16). Accession 0001065280-26-000137. Data normalized by EarningsFyi.