Netflix vs Meta — R&D Spend Comparison

Netflix (NFLX) r&d spend was $3.4B in FY2025 (+16% YoY); Meta (META) r&d spend was $57.4B in FY2025 (+31% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Netflix	Meta
2025	$3.4B	$57.4B
2024	$2.9B	$43.9B
2023	$2.7B	$38.5B
2022	$2.7B	$35.3B
2021	$2.3B	$24.7B
2020	$1.8B	$18.4B
2019	$1.7B	$13.6B
2018	$1.2B	$10.3B
2017	$981M	$7.8B
2016	$768M	$5.9B
2015	$570M	$4.8B
2014	$398M	$2.7B
2013	$379M	$1.4B
2012	$329M	$1.4B
2011	$259M	$388M
2010	$163M	$144M
2009	$115M	—
2008	$90M	—
2007	$71M	—

Netflix — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2025	$3.4B	+16%
2024	$2.9B	+9%
2023	$2.7B	-1%
2022	$2.7B	+19%
2021	$2.3B	+24%
2020	$1.8B	+9%
2019	$1.7B	+37%
2018	$1.2B	+24%
2017	$981M	+28%
2016	$768M	+35%
2015	$570M	+43%
2014	$398M	+5%
2013	$379M	+15%
2012	$329M	+27%
2011	$259M	+59%
2010	$163M	+43%
2009	$115M	+27%
2008	$90M	+27%
2007	$71M

Meta — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2025	$57.4B	+31%
2024	$43.9B	+14%
2023	$38.5B	+9%
2022	$35.3B	+43%
2021	$24.7B	+34%
2020	$18.4B	+36%
2019	$13.6B	+32%
2018	$10.3B	+32%
2017	$7.8B	+31%
2016	$5.9B	+23%
2015	$4.8B	+81%
2014	$2.7B	+88%
2013	$1.4B	+1%
2012	$1.4B	+261%
2011	$388M	+169%
2010	$144M

Source: NFLX on EDGAR · META on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.