Netflix (NFLX) r&d spend was $3.4B in FY2025 (+16% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
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
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$1.0B
Q1 2026
$960M
Q4 2025
$890M
Q3 2025
$854M
Q2 2025
$825M
Q1 2025
$823M
Q4 2024
$777M
Q3 2024
$735M
Q2 2024
$711M
Q1 2024
$702M
Q4 2023
$673M
Q3 2023
$657M
Source: NFLX on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.