Netflix Inc. Research & Development

Netflix Inc. annual research & development was $2.68 Billion in fiscal year 2023. The annual research & development Decreased $-35.28 Million from $2.71 Billion (in 2022) to $2.68 Billion (in 2023).
This Decreased represents a research & development growth of -1.30% Billion year over year.

Netflix Inc. quarterly research & development was $702.47 Million in the quarter ending in Mar 2024.
The quarterly research & development Increased $15.20 Million from $687.28 Million (in Mar 2023) to $702.47 Million (in Mar 2024).
This Increased represents a research & development growth of +2.21% year over year.

In the last 5 years from 2019 to 2023 :

Highest research & development of Netflix Inc. was $2.71 Billion in fiscal year 2022.
Lowest research & development of Netflix Inc. was $1.55 Billion in fiscal year 2019.
Average research & development of Netflix Inc. was $2.21 Billion.

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Definition of Research & Development :
The direct cost incurred by a business towards research and development of an improved or a new product, service, process, or technology is known as the Research and Development Cost. For more details on research & development, examples and formulas, refer to our glossary.

Netflix Inc.: Research & Development

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Netflix Inc. : Research & Development Details

2023

Netflix Inc. annual research & development was $2.68 Billion in fiscal year 2023.
Netflix Inc. quarterly research & development was $687.28 Million (Mar) , $657.98 Million (Jun) , $657.16 Million (Sep) , and $673.34 Million (Dec) in fiscal year 2023.

2022

Netflix Inc. annual research & development was $2.71 Billion in fiscal year 2022.
Netflix Inc. quarterly research & development was $657.53 Million (Mar) , $716.85 Million (Jun) , $662.74 Million (Sep) , and $673.93 Million (Dec) in fiscal year 2022.

2021

Netflix Inc. annual research & development was $2.27 Billion in fiscal year 2021.
Netflix Inc. quarterly research & development was $525.21 Million (Mar) , $537.32 Million (Jun) , $563.89 Million (Sep) , and $647.47 Million (Dec) in fiscal year 2021.

2020

Netflix Inc. annual research & development was $1.83 Billion in fiscal year 2020.
Netflix Inc. quarterly research & development was $453.82 Million (Mar) , $435.05 Million (Jun) , $453.80 Million (Sep) , and $486.94 Million (Dec) in fiscal year 2020.

Netflix Inc. : Research & Development (year over year growth)

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Netflix Inc. : Research & Development (Year Over Year Growth) Details

2023

Netflix Inc. annual research & development Decreased -1.30% during fiscal year 2023 compared to 2022.
This represents an Decreased in research & development of -$35.28 Million from $2.68 Billion (in 2023) to $2.71 Billion (in 2022).

2022

Netflix Inc. annual research & development Increased +19.23% during fiscal year 2022 compared to 2021.
This represents an Increased in research & development of +$437.16 Million from $2.71 Billion (in 2022) to $2.27 Billion (in 2021).

2021

Netflix Inc. annual research & development Increased +24.28% during fiscal year 2021 compared to 2020.
This represents an Increased in research & development of +$444.29 Million from $2.27 Billion (in 2021) to $1.83 Billion (in 2020).

2020

Netflix Inc. annual research & development Increased +18.41% during fiscal year 2020 compared to 2019.
This represents an Increased in research & development of +$284.45 Million from $1.83 Billion (in 2020) to $1.55 Billion (in 2019).

Netflix Inc.: Research & Development - Annual (Tabular)

Period	research & development	Y/Y Growth
2023	$2.68 Billion	-1.30 %
2022	$2.71 Billion	19.23 %
2021	$2.27 Billion	24.28 %
2020	$1.83 Billion	18.41 %

Netflix Inc. : Research & Development - Quarterly (Tabular)

Period	research & development	Y/Y Growth
Mar 24	$702.47 Million	2.21%
Dec 23	$673.34 Million	-0.09%
Sep 23	$657.16 Million	-0.84%
Jun 23	$657.98 Million	-8.21%
Mar 23	$687.28 Million	4.52%
Dec 22	$673.93 Million	4.09%
Sep 22	$662.74 Million	17.53%
Jun 22	$716.85 Million	33.41%
Mar 22	$657.53 Million	25.19%
Dec 21	$647.47 Million	32.97%
Sep 21	$563.89 Million	24.26%
Jun 21	$537.32 Million	23.51%
Mar 21	$525.21 Million	15.73%
Dec 20	$486.94 Million	18.95%
Sep 20	$453.80 Million	19.49%
Jun 20	$435.05 Million	13.52%