NFLX · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
NETFLIX INC · 2026-07-17 · Importance 54 · Surprise 40 · From source text
Second-quarter 2026 revenue increased $1.481 billion, or 13%, to $12.560 billion from $11.079 billion in the second quarter of 2025, driven by membership growth, price increases, increased advertising revenue, and favorable foreign-exchange changes net of hedging. Six-month 2026 revenue increased $3.188 billion, or 15%, to $24.810 billion from $21.622 billion. Second-quarter regional revenue increased to $5.432 billion in United States and Canada, $4.034 billion in Europe, Middle East, and Africa, $1.584 billion in Latin America, and $1.510 billion in Asia-Pacific. Six-month regional revenue increased 12% in United States and Canada to $10.677 billion, 16% in Europe, Middle East, and Africa to $8.032 billion, 20% in Latin America to $3.081 billion, and 18% in Asia-Pacific to $3.019 billion.
Key facts
- Deferred revenue increased from $1,776 million as of December 31, 2025 to $1,797 million as of June 30, 2026. source
- Deferred revenue as of June 30, 2026: $1,797 million (stated in millions in the MD&A). source
- Total revenues for the three months ended June 30, 2026: $12,559,938 (in thousands). source
- Total revenues for the six months ended June 30, 2026: $24,809,695 (in thousands). source
- Revenues for the three months ended June 30, 2026: $12,559,938 thousand. source
- Revenues for the six months ended June 30, 2026: $24,809,695 thousand. source
- Revenues increased $1,480,772 thousand for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. source
- Revenues increased $3,187,728 thousand for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +197.5% | Total revenues for the six months ended June 30, 2026: $24,809,695 (in thousands). |
| revenue | positive | realized | +100.0% | Total revenues for the three months ended June 30, 2026: $12,559,938 (in thousands). |
| revenue | positive | realized | +25.4% | Revenues increased $3,187,728 thousand for the six months ended June 30, 2026 compared to the six months ended June 30, 2025. |
| revenue | positive | realized | +11.8% | Revenues increased $1,480,772 thousand for the three months ended June 30, 2026 compared to the three months ended June 30, 2025. |
| liability | negative | realized | -0.0% | Deferred revenue increased from $1,776 million as of December 31, 2025 to $1,797 million as of June 30, 2026. |
| revenue | positive | realized | — | Revenues for the three months ended June 30, 2026: $12,559,938 thousand. |
| revenue | positive | realized | — | Revenues for the six months ended June 30, 2026: $24,809,695 thousand. |