Filing Flows › Netflix (NFLX) › Q2 2026
Netflix (NFLX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 17, 2026
Netflix (NFLX) reported revenue of $12.6B for the second quarter 2026 (Q2 2026), +13% from a year earlier and +3% from the quarter before. Operating margin was 33.4%, net earnings $3.4B (27.1% of revenue).
Netflix, Q2 2026: revenue $12.6B (+13% year over year), operating margin 33.4%, net earnings $3.4B, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.6B | +3% | +13% |
| Operating profit | $4.2B | +6% | +11% |
| Net earnings | $3.4B | -36% | +9% |
| Operating cash flow | $1.7B | -67% | -28% |
| Free cash flow | $1.5B | — | -33% |
What changed
Revenue was $12.6B in Q2 2026, up 13% year over year and up 3% from the previous quarter.
Operating profit was $4.2B, a 33.4% margin (down 0.7 points year over year). Of the extra revenue versus Q2 2025, 28% reached operating profit, below the 34% margin then. Total costs grew 15% against revenue growth of 13%. The fastest-growing cost line was Research & development (+22%). Net earnings were $3.4B, up 9% year over year. The effective tax rate was 16.4%.
Operating cash flow was $1.7B (down 28% year over year), 51% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.13B of share-based compensation. Working capital and other items used $1.9B. After purchases of property and equipment ($0.22B), free cash flow as the company reports it was $1.5B.
Questions
What was Netflix's revenue in the second quarter 2026?
Netflix (NFLX) reported revenue of $12.6B for the second quarter 2026 (Q2 2026), +13% from a year earlier and +3% from the quarter before.
Was Netflix profitable in the second quarter 2026?
Operating profit was $4.2B (33.4% of revenue) and net earnings $3.4B.
Source: Netflix 10-Q on SEC EDGAR.