Filing Flows › Netflix (NFLX) › Q3 2026 › vs Q2 2026
Netflix (NFLX) Q3 2026 vs Q2 2026 (quarter over quarter)
Netflix's revenue rose $314M (+3%) from $12.6B in Q2 2026 to $12.9B in Q3 2026. Operating margin 34.6% against 33.4% (+1.3 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 34.6% | 33.4% | +1.3 pts |
| Net margin | 28.5% | 27.1% | +1.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $12.9B | $12.6B | $314M | +3% |
| Operating profit | $4.5B | $4.2B | $266M | +6% |
| Costs & expenses | $8.4B | $8.4B | $48.2M | +0.6% |
| Pre-tax earnings | $4.3B | $4.1B | $248M | +6% |
| Other expense, net | $142M | $124M | $17.7M | +14% |
| Cost of revenue | $6.1B | $6.0B | $42.1M | +0.7% |
| Research & development | $1.0B | $1.0B | $25.5M | +3% |
| Sales & marketing | $837M | $824M | $13.2M | +2% |
| General & admin | $466M | $499M | −$32.5M | -7% |
| Net earnings | $3.7B | $3.4B | $263M | +8% |
| Income tax | $653M | $667M | −$14.2M | -2% |
| Depreciation & amortization | $107M | $101M | $6.6M | +7% |
| Share-based compensation | $134M | $131M | $2.4M | +2% |
| Working capital & other | $742M | $1.9B | −$1.1B | -61% |
| Operating cash flow | $3.2B | $1.7B | $1.4B | +81% |
Questions
How much did Netflix's revenue grow quarter over quarter in Q3 2026?
Netflix's revenue rose $314M (+3%) from $12.6B in Q2 2026 to $12.9B in Q3 2026. Operating margin 34.6% against 33.4% (+1.3 pts).