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Netflix (NFLX) R&D spending by quarter

Netflix's R&D spending was $1.0B in Q3 2026 (third quarter 2026), +3% from Q2 2026. Over the last 7 quarters it ranged from $823M (Q1 2025) to $1.0B (Q3 2026).

Netflix R&D spending by quarterNetflix R&D spending by quarter$823MQ1 2025$825MQ2 2025$854MQ3 2025$890MQ4 2025$960MQ1 2026$1.0BQ2 2026$1.0BQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$1.0B+3%+21%
Q2 2026$1.0B+5%+22%
Q1 2026$960M+8%+17%
Q4 2025$890M+4%—
Q3 2025$854M+4%—
Q2 2025$825M+0.2%—
Q1 2025$823M——

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 R&D spending?

Netflix's R&D spending was $1.0B in Q3 2026 (third quarter 2026), +3% from Q2 2026.

How has Netflix's R&D spending changed?

Over the last 7 quarters it ranged from $823M (Q1 2025) to $1.0B (Q3 2026).

Q3 2026 results → · How Netflix makes money →