R&D expense · 2011–2025

Netflix R&D expense

$3.4B+15.9% · FY2025

Netflix (NFLX) reported $3.4B in R&D expense for fiscal 2025, +15.9% year on year.

$259M2011$329M2012$379M2013$398M2014$570M2015$768M2016$981M2017$1.2B2018$1.7B2019$1.8B2020$2.3B2021$2.7B2022$2.7B2023$2.9B2024$3.4B2025
Netflix — R&D expense, 2011–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$3.4B+15.9%Open →
FY20242024-12-31$2.9B+9.3%Open →
FY20232023-12-31$2.7B−1.3%Open →
FY20222022-12-31$2.7B+19.2%Open →
FY20212021-12-31$2.3B+24.3%Open →
FY20202020-12-31$1.8B+9.4%Open →
FY20192019-12-31$1.7B+37.4%Open →
FY20182018-12-31$1.2B+24.2%Open →
FY20172017-12-31$981M+27.7%Open →
FY20162016-12-31$768M+34.7%Open →
FY20152015-12-31$570M+43.1%Open →
FY20142014-12-31$398M+5.1%Open →
FY20132013-12-31$379M+15.1%Open →
FY20122012-12-31$329M+27.0%Open →
FY20112011-12-31$259M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +20.2%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Netflix R&D expense |url=https://companiesranked.com/en/company/netflix/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Netflix R&D expense. CompaniesRanked. https://companiesranked.com/en/company/netflix/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-netflix-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Netflix R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/netflix/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001065280-26-000034 · January 23, 2026

{{cite web |title=Netflix R&D expense — 10-K (0001065280-26-000034) |url=https://www.sec.gov/Archives/edgar/data/1065280/000106528026000034/nflx-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-01-23}}

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