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Netflix (NFLX) free cash flow by quarter

Netflix's free cash flow was $2.9B in Q3 2026 (third quarter 2026), +89% from Q2 2026. Over the last 7 quarters it ranged from $1.5B (Q2 2026) to $5.1B (Q1 2026).

Netflix free cash flow by quarterNetflix free cash flow by quarter$2.7BQ1 2025$2.3BQ2 2025$2.7BQ3 2025$1.9BQ4 2025$5.1BQ1 2026$1.5BQ2 2026$2.9BQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$2.9B+89%+8%
Q2 2026$1.5B-70%-33%
Q1 2026$5.1B+172%+91%
Q4 2025$1.9B-30%—
Q3 2025$2.7B+17%—
Q2 2025$2.3B-15%—
Q1 2025$2.7B——

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 free cash flow?

Netflix's free cash flow was $2.9B in Q3 2026 (third quarter 2026), +89% from Q2 2026.

How has Netflix's free cash flow changed?

Over the last 7 quarters it ranged from $1.5B (Q2 2026) to $5.1B (Q1 2026).

Q3 2026 results → · How Netflix makes money →