Stock Analysis on Net
Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Common-Size Income Statement 

Netflix Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenues 100.00 100.00 100.00 100.00 100.00
Cost of revenues -53.94 -58.46 -60.63 -58.36 -61.11
Gross profit 46.06% 41.54% 39.37% 41.64% 38.89%
Sales and marketing -7.48 -7.88 -8.00 -8.57 -8.91
Technology and development -7.50 -7.93 -8.58 -7.66 -7.32
General and administrative -4.36 -5.10 -4.98 -4.55 -4.31
Operating income 26.71% 20.62% 17.82% 20.86% 18.34%
Interest expense -1.84 -2.08 -2.23 -2.58 -3.07
Interest and other income (expense) 0.68 -0.14 1.07 1.38 -2.47
Other income (expense) -1.16% -2.22% -1.17% -1.19% -5.54%
Income before income taxes 25.55% 18.40% 16.65% 19.67% 12.80%
Provision for income taxes -3.22 -2.36 -2.44 -2.44 -1.75
Net income 22.34% 16.04% 14.21% 17.23% 11.05%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Netflix Inc. operating income as a percentage of revenues increased from 2022 to 2023 and from 2023 to 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Netflix Inc. income before income taxes as a percentage of revenues increased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Netflix Inc. net income as a percentage of revenues increased from 2022 to 2023 and from 2023 to 2024.