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Netflix (NFLX) capital expenditures by quarter

Netflix's capital expenditures were $279M in Q3 2026 (third quarter 2026), +27% from Q2 2026. Over the last 7 quarters it ranged from $128M (Q1 2025) to $279M (Q3 2026).

Netflix capital expenditures by quarterNetflix capital expenditures by quarter$128MQ1 2025$156MQ2 2025$165MQ3 2025$239MQ4 2025$196MQ1 2026$219MQ2 2026$279MQ3 2026
QuarterCapital expendituresQ/QY/Y
Q3 2026$279M+27%+69%
Q2 2026$219M+11%+40%
Q1 2026$196M-18%+53%
Q4 2025$239M+45%—
Q3 2025$165M+6%—
Q2 2025$156M+22%—
Q1 2025$128M——

Q3 2026 at a glance

Netflix, Q3 2026: revenue $12.9B (+12% year over year), operating margin 34.6%, net earnings $3.7B, operating cash flow $3.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Netflix's capital expenditures?

Netflix's capital expenditures were $279M in Q3 2026 (third quarter 2026), +27% from Q2 2026.

How has Netflix's capital expenditures changed?

Over the last 7 quarters it ranged from $128M (Q1 2025) to $279M (Q3 2026).

Q3 2026 results → · How Netflix makes money →