NFLX · 10-Q · 2026Q2

NETFLIX INC

Filed 2026-07-17 · Other · View original filing on EDGAR

Ranked Events

• Content Investment and CommitmentsImportance 66 · Surprise 40
  Netflix’s content assets totaled $33.8 billion at June 30, 2026, including $21.6 billion of produced content and $12.2 billion of licensed content. Produced content in production increased 12% from year-end 2025 to…
• Capital AllocationImportance 64 · Surprise 42
  Netflix’s Board authorized an additional $25 billion for common-stock repurchases in April 2026, with no expiration date for the overall program. During the six months ended June 30, 2026, Netflix repurchased…
• Free Cash FlowImportance 64 · Surprise 56
  Six-month net cash provided by operating activities increased 34.9% to $7.034 billion from $5.212 billion. Six-month purchases of property and equipment increased 46.0% to $414.8 million from $284.2 million, implying…
• Content ObligationsImportance 61 · Surprise 32
  Netflix reported $25.107 billion of total content obligations as of June 30, 2026, including $11.940 billion due within twelve months and $13.167 billion due thereafter. Of the total, $19.6 billion represented…
• Interest Rate ExposureImportance 59 · Surprise 82
  Netflix uses interest-rate swaps to reduce the fair-value impact of benchmark-rate movements on its fixed-rate debt, although the hedges do not eliminate all exposure. As of June 30, 2026, approximately $1.4 billion of…
• Income Tax Rate ChangesImportance 58 · Surprise 56
  Second-quarter 2026 income-tax provision increased $161 million to $667 million from $506 million in the second quarter of 2025. Six-month income-tax provision increased $1.102 billion to $1.931 billion from $830…
• WBD Transaction TerminationImportance 55 · Surprise 60
  Netflix received a $2.8 billion termination fee during the first quarter of 2026 after the proposed Warner Bros. Discovery (WBD) transaction was terminated. The termination increased interest and other income and…
• Operating Income and MarginsImportance 54 · Surprise 40
  Second-quarter 2026 operating income increased $418 million, or 11%, to $4.193 billion from $3.775 billion in the second quarter of 2025. Second-quarter operating margin declined to 33.4% from 34.1%, while six-month…
• Revenue Performance and MixImportance 54 · Surprise 40
  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…
• Operating Expense TrendsImportance 48 · Surprise 40
  Second-quarter sales and marketing expense increased $111 million, or 15%, to $824 million, driven by $71 million of additional marketing expense and $47 million of higher personnel costs from advertising-sales…
• Acquisition / Partnership / DivestitureImportance 47 · Surprise 60
  Netflix completed an acquisition in March 2026 that was accounted for as a business combination and paid for with cash; the filing states the purchase price was approximately an amount that is not displayed in the…
• Geographic Market CommentaryImportance 44 · Surprise 24
  Revenue increased across all four reported regions in the second quarter and first half of 2026. United States and Canada revenue grew by approximately $503 million in the quarter and $1.131 billion year to date, while…
• Liquidity and Capital PositionImportance 42 · Surprise 14
  Cash and cash equivalents were $9.099 billion at June 30, 2026, compared with $9.034 billion at December 31, 2025, while total assets increased 5.1% to $58.450 billion. Aggregate outstanding notes were $14.309 billion…
• Guidance / OutlookImportance 35 · Surprise 30
  Netflix expects to continue significantly investing in global content, particularly original content, which management states will affect liquidity. The company anticipates that operating cash flows, available funds,…
• Products and TechnologyImportance 16 · Surprise 6
  Netflix offers TV series, films, games and live programming across a wide variety of genres and languages through an internet streaming service. Members can play, pause and resume content anytime and anywhere, and can…
• FX / Currency ImpactImportance 13 · Surprise 6
  Netflix manages foreign-exchange exposure with cash-flow, fair-value, and net-investment hedges covering aggregate foreign-exchange derivative notionals of approximately $27.5 billion as of June 30, 2026. The company…

Revenue by Geography (in thousands)