Netflix Inc.
Netflix Inc. Cost Of Revenue
  • Netflix Inc. annual cost of revenue was $19.72 Billion in fiscal year 2023. The annual cost of revenue Increased $547.08 Million from $19.17 Billion (in 2022) to $19.72 Billion (in 2023).
    This Increased represents a cost of revenue growth of +2.85% Billion year over year.


  • Netflix Inc. quarterly cost of revenue was $4.98 Billion in the quarter ending in Mar 2024.
    The quarterly cost of revenue Increased $173.45 Million from $4.80 Billion (in Mar 2023) to $4.98 Billion (in Mar 2024).
    This Increased represents a cost of revenue growth of +3.61% year over year.


  • In the last 5 years from 2019 to 2023 :
    • Highest cost of revenue of Netflix Inc. was $19.72 Billion in fiscal year 2023.
    • Lowest cost of revenue of Netflix Inc. was $12.44 Billion in fiscal year 2019.
    • Average cost of revenue of Netflix Inc. was $16.79 Billion.


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  • Definition of Cost Of Revenue :
    Cost of Revenue/Cost of Goods Sold refers to the total cost incurred by a business for manufacturing a product and delivering the finished goods, or rendering a service to the customers. For more details on cost of revenue, examples and formulas, refer to our glossary.
Netflix Inc.: Cost of Revenue
Netflix Inc. : Cost Of Revenue Details
2023

Netflix Inc. annual cost of revenue was $19.72 Billion in fiscal year 2023.
Netflix Inc. quarterly cost of revenue was $4.80 Billion (Mar) , $4.67 Billion (Jun) , $4.93 Billion (Sep) , and $5.31 Billion (Dec) in fiscal year 2023.

2022

Netflix Inc. annual cost of revenue was $19.17 Billion in fiscal year 2022.
Netflix Inc. quarterly cost of revenue was $4.28 Billion (Mar) , $4.69 Billion (Jun) , $4.79 Billion (Sep) , and $5.40 Billion (Dec) in fiscal year 2022.

2021

Netflix Inc. annual cost of revenue was $17.33 Billion in fiscal year 2021.
Netflix Inc. quarterly cost of revenue was $3.87 Billion (Mar) , $4.02 Billion (Jun) , $4.21 Billion (Sep) , and $5.24 Billion (Dec) in fiscal year 2021.

2020

Netflix Inc. annual cost of revenue was $15.28 Billion in fiscal year 2020.
Netflix Inc. quarterly cost of revenue was $3.60 Billion (Mar) , $3.64 Billion (Jun) , $3.87 Billion (Sep) , and $4.17 Billion (Dec) in fiscal year 2020.

Netflix Inc. : Cost Of Revenue (year over year growth)
Netflix Inc. : Cost Of Revenue (Year Over Year Growth) Details
2023

Netflix Inc. annual cost of revenue Increased +2.85% during fiscal year 2023 compared to 2022.
This represents an Increased in cost of revenue of +$547.08 Million from $19.72 Billion (in 2023) to $19.17 Billion (in 2022).

2022

Netflix Inc. annual cost of revenue Increased +10.59% during fiscal year 2022 compared to 2021.
This represents an Increased in cost of revenue of +$1.84 Billion from $19.17 Billion (in 2022) to $17.33 Billion (in 2021).

2021

Netflix Inc. annual cost of revenue Increased +13.46% during fiscal year 2021 compared to 2020.
This represents an Increased in cost of revenue of +$2.06 Billion from $17.33 Billion (in 2021) to $15.28 Billion (in 2020).

2020

Netflix Inc. annual cost of revenue Increased +22.80% during fiscal year 2020 compared to 2019.
This represents an Increased in cost of revenue of +$2.84 Billion from $15.28 Billion (in 2020) to $12.44 Billion (in 2019).

Netflix Inc.: Cost Of Revenue - Annual (Tabular)
Period Cost Of Revenue Y/Y Growth
2023 $19.72 Billion 2.85 %
2022 $19.17 Billion 10.59 %
2021 $17.33 Billion 13.46 %
2020 $15.28 Billion 22.80 %
Netflix Inc. : Cost Of Revenue - Quarterly (Tabular)
Period Cost Of Revenue Y/Y Growth
Mar 24 $4.98 Billion 3.61%
Dec 23 $5.31 Billion -1.79%
Sep 23 $4.93 Billion 2.97%
Jun 23 $4.67 Billion -0.37%
Mar 23 $4.80 Billion 12.11%
Dec 22 $5.40 Billion 3.14%
Sep 22 $4.79 Billion 13.84%
Jun 22 $4.69 Billion 16.74%
Mar 22 $4.28 Billion 10.76%
Dec 21 $5.24 Billion 25.80%
Sep 21 $4.21 Billion 8.76%
Jun 21 $4.02 Billion 10.27%
Mar 21 $3.87 Billion 7.47%
Dec 20 $4.17 Billion 20.17%
Sep 20 $3.87 Billion 24.85%
Jun 20 $3.64 Billion 21.23%
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