Netflix (NFLX) Q3 2025 10-Q Quarterly Report

Filed: Oct 22, 2025Period ending Sep 30, 2025
Communication Services
Services-Video Tape RentalSEC EDGAR

Netflix (NFLX) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 22, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Netflix Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $11.51B in Q3 2025, up $1.69B (17%) YoY from $9.82B in Q3 2024
  • Operating margin declined to 28.2% from 29.6% YoY, decrease of 1.4 percentage points
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Risk Factors

  • No material changes to risk factors since 2024 10-K
  • Carried-forward regulatory risk: content licensing and copyright compliance challenges
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Netflix Q3 2025 Quarterly Financials
XBRL

Revenue

$11.5B

+17.2% YoY +3.9% QoQ

Net Income

$2.5B

+7.8% YoY -18.5% QoQ

Operating Margin

28.2%

-139bp YoY -585bp QoQ

Net Margin

22.1%

-193bp YoY -608bp QoQ

ROE

9.8%

Total Assets

$54.9B

EPS (Diluted)

$5.87

+8.7% YoY -18.4% QoQ

Operating Cash Flow

$2.8B

+21.7% YoY +16.6% QoQ

Source: XBRL data from Netflix Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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