NFLX · 10-Q · 2026Q3 · Full report

Content Obligations

NETFLIX INC · 2026-10-21 · Importance 56 · Surprise 24

Netflix reported $25.223 billion of total content obligations at September 30, 2026, including $11.777 billion due within 12 months and $13.446 billion due thereafter. Of the total, $19.6 billion was not recognized on the balance sheet because it did not meet recognition criteria, while $5.6 billion was included in current and non-current content liabilities. Total contractual obligations were $46.868 billion, including $19.027 billion of debt and $2.619 billion of operating leases. Unknown future-title commitments could add approximately $1 billion to $4 billion over the next three years, with most payments expected after the next 12 months.

Key facts

• Total content obligations as of September 30, 2026: $25,222,800 (in thousands), comprised of $11,776,580 due less than one year, $9,895,575 due after one year through three years, $3,027,909 due after three through five years, and $522,736 due after five years. source
• As of September 30, 2026, NETFLIX INC's contractual content obligations totaled $25,222,800 thousand, of which $11,776,580 thousand is due in the next 12 months and $13,446,220 thousand beyond 12 months. source