What is the 13F Pro Quality Score for NFLX?

13F Pro ranks NETFLIX INC (NFLX) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NFLX's current score at https://13fpro.ai/company/NFLX (free sign-up required for the full ranking).

Which hedge funds own the most NFLX stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of NFLX include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/NFLX as soon as new 13F filings post.

Where does 13F Pro source NFLX data?

All NETFLIX INC fundamentals and ownership data come directly from SEC EDGAR. NETFLIX INC files with the SEC under CIK 1065280. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NFLX in?

NETFLIX INC (NFLX) is classified in the Communication Services sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/communication-services.

What drives NFLX's revenue?

Per NETFLIX INC's latest 10-Q filed with the SEC on 2026-07-17, the biggest revenue drivers are: United States and Canada (UCAN) ($5.43B, +10% YoY); Europe, Middle East, and Africa (EMEA) ($4.03B, +14% YoY); Latin America (LATAM) ($1.58B, +21% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/NFLX.

What are NFLX's largest expenses?

NETFLIX INC's latest 10-Q reports these as the largest expense items: Cost of revenues ($6.04B, +13% YoY); Technology and development ($1.01B, +22% YoY); Sales and marketing ($824M, +16% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is NFLX research updated on 13F Pro?

NFLX's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NETFLIX INC(NFLX)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Communication Services →Nasdaqmega

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SEC EDGAR: CIK 1065280 NFLX stock profile & AI dashboard →

13F Pro Quality Score

78.8/100

Rank #50 of 2,961 stocksTOP 5%

View Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

74.5/100

Profitability

90.0/100

Balance Sheet

97.5/100

Earnings Quality

40.1/100

Free Cash Flow

76.7/100

Institutional Flow

66.9/100

Revenue Scale

96.8/100

Dilution Risk

62.9/100

Email me the moment this company reports earnings

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Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

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Why NFLX Scores 79/100

exact factor attribution · 2026-09-11

NFLX's composite is driven by scale and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+7.0 pts

97th pct

Profitability

+6.0 pts

90th pct

Revenue growth

+4.9 pts

75th pct

Capital efficiency

+4.8 pts

98th pct

Free cash flow

+4.0 pts

77th pct

Earnings growth

+1.6 pts

82th pct

Institutional flow

+0.8 pts

67th pct

Shareholder dilution

+0.7 pts

63th pct

Earnings quality

-1.0 pts

40th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

NFLX Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for NETFLIX INC (NFLX), a Communication Services sector company. 13F Pro's AI-powered ranking engine scores NFLX at 78.8/100 on a 32-signal composite quality model, placing it at rank #50 of 2,961 stocks — the top 5% of the AI-ranked universe. NFLX scores in the top quartile across balance sheet strength (97.5), revenue scale (96.8), profitability (90.0). Based on the latest XBRL financial filings (Q2 2026), NETFLIX INC reports quarterly revenue of $12.6B, net income of $3.4B, an operating margin of 33.4%. Top institutional holders of NFLX by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. NFLX trades on the Nasdaq exchange and files with the SEC under CIK 1065280. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NFLX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NETFLIX INC directly from SEC EDGAR. NETFLIX INC's 13F Pro composite quality score has ranged between 65 and 84 since 2021, currently 78.8 — an improving long-term trajectory across 68 quarterly and live scoring snapshots.

✦

Fun facts about Netflix Inc

Quirks, history, and lore behind NFLX — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. media company · mega-cap · listed on Nasdaq · headquartered in California.
2
The Numbers
Roughly $40 billion in annual revenue, and it spends nearly half of that — about $17 billion a year — making its own product.
3
The History
Founded in 1997 with a business model that involved the U.S. Postal Service and little red envelopes.
4
The Secret
In 2000 it offered to sell itself to its biggest rival for $50 million — and was laughed out of the room. That rival went bankrupt; this company is now worth thousands of times that price.
5
The Lore
It mailed its last DVD in 2023. Its founder co-wrote a book called "No Rules Rules" about its famously brutal culture memo.
6
The Giveaway
~300 million subscribers binge its shows — Stranger Things, Squid Game, Wednesday — and "to chill" entered the language because of it.

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What's Driving NFLX's Business? Latest 10-Q Breakdown

✓ 39/39 datapoints verified

AI-extracted from NETFLIX INC's 10-Q filed 2026-07-17 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue rose 13% to $12.56B on membership growth, price increases and advertising, but operating margin slipped to 33.4% as technology and marketing spend outgrew revenue.

Biggest Revenue Drivers

United States and Canada (UCAN)$5.43B+10% YoY

Growth in memberships, price increases, and increased advertising revenue

Europe, Middle East, and Africa (EMEA)$4.03B+14% YoY

Reported growth of 14% vs 11% on a constant currency basis

Biggest Revenue Drivers

Total revenue: $12.56B+13% YoY

United States and Canada (UCAN)$5.43B+10% YoY

Growth in memberships, price increases, and increased advertising revenue

Europe, Middle East, and Africa (EMEA)$4.03B+14% YoY

Reported growth of 14% vs 11% on a constant currency basis

Latin America (LATAM)$1.58B+21% YoY

Reported growth of 21% vs 16% on a constant currency basis

Asia-Pacific (APAC)$1.51B+16% YoY

Reported growth of 16% vs 18% on a constant currency basis

Largest Expense Items

Cost of revenues$6.04B+13% YoY

Primarily a $479 million increase in content amortization relating to existing and new content

Technology and development$1.01B+22% YoY

Primarily a $142 million increase in personnel-related costs

Sales and marketing$824M+16% YoY

$71 million more marketing expense plus $47 million higher personnel costs from advertising sales headcount growth

General and administrative$499M+13% YoY

A $26 million increase in personnel-related costs and $19 million increase in third-party expenses

Margins: Operating margin fell to 33.4% from 34.1%, a decrease of roughly one percentage point, driven by technology and development and sales and marketing expenses growing faster than revenue. Cost of revenues held at 48% of revenue.

Watch Items from the Filing

Content obligations total $25.1 billion, with $11.9 billion due within twelve months; unknown future title obligations could add $1–4 billion over three years.
Non-U.S. currencies were 57% of revenue but only 30% of operating expenses for the six months; hedging reduced Q2 revenue by $48 million.
The $2.8 billion WBD termination fee sits in first-quarter other income, not Q2; Q2 operating cash flow fell 28% to $1.74 billion.
Repurchased 52.9 million shares for $4.7 billion in the quarter; $27.1 billion remains under the April 2026 authorization of an additional $25 billion.
Effective tax rate rose to 16% from 14% on lower excess tax benefits from stock-based compensation; $729 million paid on Brazil non-income tax assessments year-to-date.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$12.6B

Net Income

Q2 2026

$3.4B

Free Cash Flow

Q2 2026

$1.5B

Operating Margin

Q2 2026

33.4%

ROIC

Q2 2026

37.7%

D/E Ratio

Q2 2026

0.47

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+15.9% YoY

$45.18BFY 2025

FY22 $31.62BFY23 $33.72BFY24 $39.00BFY25 $45.18B

Net Income

+26.1% YoY

$10.98BFY 2025

FY22 $4.49BFY23 $5.41BFY24 $8.71BFY25 $10.98B

Operating Income

+27.9% YoY

$13.33BFY 2025

FY22 $5.63BFY23 $6.95BFY24 $10.42BFY25 $13.33B

EPS (Diluted)

+1177.8% YoY

$2.53FY 2025

FY22 $0.99FY23 $0.12FY24 $0.20FY25 $2.53

Total Assets

+3.7% YoY

$55.60BFY 2025

FY22 $48.59BFY23 $48.73BFY24 $53.63BFY25 $55.60B

Total Debt

-7.2% YoY

$14.46BFY 2025

FY22 $14.35BFY23 $14.54BFY24 $15.58BFY25 $14.46B

Op. Cash Flow

+37.9% YoY

$10.15BFY 2025

FY22 $2.03BFY23 $7.27BFY24 $7.36BFY25 $10.15B

Free Cash Flow

+36.7% YoY

$9.46BFY 2025

FY22 $1.62BFY23 $6.93BFY24 $6.92BFY25 $9.46B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$45.18B +15.9%	$39.00B +15.6%	$33.72B +6.7%	$31.62B +6.5%	$29.70B +18.8%	$25.00B
Net Income	$10.98B +26.1%	$8.71B +61.1%	$5.41B +20.4%	$4.49B -12.2%	$5.12B +85.3%	$2.76B
Operating Income	$13.33B +27.9%	$10.42B +49.8%	$6.95B +23.5%	$5.63B -9.1%	$6.19B +35.1%	$4.59B
EPS (Diluted)	$2.53 +1177.8%	$0.20 +65.0%	$0.12 -87.9%	$0.99 -11.5%	$1.12 +84.9%	$0.61
Total Assets	$55.60B +3.7%	$53.63B +10.1%	$48.73B +0.3%	$48.59B +9.0%	$44.58B +13.5%	$39.28B
Total Debt	$14.46B -7.2%	$15.58B +7.1%	$14.54B +1.3%	$14.35B -6.8%	$15.39B -31.1%	$22.36B
Operating Cash Flow	$10.15B +37.9%	$7.36B +1.2%	$7.27B +259.0%	$2.03B +416.1%	$392.6M -83.8%	$2.43B
Free Cash Flow	$9.46B +36.7%	$6.92B -0.1%	$6.93B +327.9%	$1.62B +1326.4%	$-132.0M -106.8%	$1.93B

AI Insight: NFLX Financial Trends

Netflix posted strong Q2 2026 operating income of $4.2B despite net income decline, while debt fell to lowest level in eight quarters.

• Revenue grew 27.8% from Q3 2024 ($9.8B) to Q2 2026 ($12.6B), driven by consistent sequential growth each quarter.

• Operating income expanded from $2.9B in Q3 2024 to $4.2B in Q2 2026, reaching near-peak levels amid revenue scaling.

• Total debt declined 10.2% over eight quarters, from $16.0B to $14.3B, while equity grew from $22.7B to $30.2B.

⚠ Net income volatile: peaked at $5.3B in Q1 2026, fell to $3.4B in Q2 2026—largest quarter-over-quarter drop in dataset.

⚠ Operating cash flow collapsed 67% from Q1 2026 ($5.3B) to Q2 2026 ($1.7B)—lowest level in eight quarters.

AI Insight: NFLX Ratio Trends

Netflix margin recovery accelerating into Q2 2026 as leverage steadily declines, but Q1's earnings anomaly warrants scrutiny.

• OpMargin rebounded to 33.4% in Q2 2026 from 24.5% trough in Q4 2025; NPM averaged 28.2% TTM despite Q1's 43.1% spike.

• D/E declined from 0.70 in Q3 2024 to 0.47 in Q2 2026—structural deleveraging supporting balance sheet strength.

• ROIC expanded to 37.7% in Q2 2026 from 22.5% nadir in Q4 2024, driving efficient capital deployment.

⚠ Q1 2026 NPM spiked to 43.1%, ROE/ROA surged 67.9%/34.6%—Q2 normalization suggests one-off; monitor sustainability.

⚠ Q4 2025 saw sharp margin/ROIC compression; seasonal weakness or operational headwind requires clarification.

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Available Research

13F Pro tracks comprehensive data for NETFLIX INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NFLX

BlackRock, Inc.
$24.9B348,770,600 sh
VANGUARD CAPITAL MANAGEMENT LLC
$19.6B275,026,936 sh
STATE STREET CORP
$12.9B180,129,582 sh
FMR LLC
$9.7B135,937,268 sh
Invesco Ltd.
$9.7B135,419,167 sh
GEODE CAPITAL MANAGEMENT, LLC
$7.8B110,312,736 sh
MORGAN STANLEY
$7.1B99,723,374 sh
PRICE T ROWE ASSOCIATES INC /MD/
$6.7B93,578,816 sh
Capital World Investors
$6.2B87,336,163 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$5.4B75,056,512 sh

Fund	Value	Shares
BlackRock, Inc.	$24.9B	348,770,600
VANGUARD CAPITAL MANAGEMENT LLC	$19.6B	275,026,936
STATE STREET CORP	$12.9B	180,129,582
FMR LLC	$9.7B	135,937,268
Invesco Ltd.	$9.7B	135,419,167
GEODE CAPITAL MANAGEMENT, LLC	$7.8B	110,312,736
MORGAN STANLEY	$7.1B	99,723,374
PRICE T ROWE ASSOCIATES INC /MD/	$6.7B	93,578,816
Capital World Investors	$6.2B	87,336,163
VANGUARD PORTFOLIO MANAGEMENT LLC	$5.4B	75,056,512

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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

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Is NFLX a good stock to buy?

13F Pro's AI-powered analysis of NETFLIX INC (NFLX) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Communication Services sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NFLX are available on the NFLX stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. NFLX is classified as a mega company.

Which hedge funds own NFLX?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NFLX. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NETFLIX INC's investment landscape.