NFLX · 10-Q · 2026Q3 · Full report

Capital Return Program

NETFLIX INC · 2026-10-21 · Importance 75 · Surprise 64 · In source text

Netflix repurchased $10.782 billion of common stock during the first nine months of 2026, up 53.0% from $7.048 billion in the comparable 2025 period. Third-quarter repurchases totaled $4.797 billion, compared with $1.857 billion in the third quarter of 2025. Treasury stock increased by $10.860 billion at cost, and treasury shares held increased to 477.4 million from 346.5 million at December 31, 2025. Weighted-average basic shares declined to 4.182 billion for the nine-month period from 4.256 billion in 2025.

Key facts

• In April 2026, NETFLIX INC's Board authorized the repurchase of an additional $25 billion of the Company's common stock. source
• As of September 30, 2026, NETFLIX INC had $22.3 billion remaining available for share repurchases. source
• Repurchases of common stock for the three months ended September 30, 2026: $(4,796,725) (in thousands). source
• Repurchases of common stock, year-to-date (nine months ended September 30, 2026): $(10,781,716) (in thousands). source
• During the three months ended September 30, 2026, NETFLIX INC repurchased 63,917,979 shares of common stock for an aggregate amount of $4.8 billion (excluding the 1% excise tax). source
• During the nine months ended September 30, 2026, NETFLIX INC repurchased 130,349,765 shares of common stock for an aggregate amount of $10.7 billion (excluding the 1% excise tax). source
• Net cash used in financing activities for the three months ended September 30, 2026 was $(3,754,972) thousand versus $(1,737,029) thousand in Q3 2025, an increase in use of $2,017,943 thousand primarily due to a $2,940 million increase in repurchases of common stock partially offset by $993 million of proceeds from issuance of debt. source
• The increase in net cash used in financing activities was primarily driven by a $3,734 million increase in repurchases of common stock. source

Impact estimates