How often does Netflix beat earnings estimates?

Netflix beat the analysts' EPS estimate in 47 of its 97 reports since 14 August 2002, and the revenue estimate in 59 of 97.

How does Netflix's stock move after earnings?

Over the last 98 reports Netflix's shares moved 10.5% on average on the trading day after, up 43 times and down 55 times. After the last report they moved -5.3%.

What time does Netflix report earnings?

Netflix reports after the market closes, so its shares react on the next trading day.

Netflix
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Quotes are delayed by 15 minutes

NFLX

Arincen ScoreBeta91/100

91/100B

62.675

USD

-1.85

(-2.87%)

Market Closed

Last updated: 12 Nov, 19:56 GMT-5 · Delayed 15 min

Fair value77.95Plus-20%58Price 62.6897

Q4 FY2026 · Earnings report

EPS estimate 0.68Revenue estimate 13.44B

Q4 FY2026 · Earnings report

Tuesday 19 January

EPS estimate 0.68Revenue estimate 13.44B

Fair value77.95Plus-20%58Price 62.6897

Q4 FY2026 · Earnings report

EPS estimate 0.68Revenue estimate 13.44B

Q4 FY2026 · Earnings report

Tuesday 19 January

EPS estimate 0.68Revenue estimate 13.44B

Overview Financials Signals News Forecast Earnings Company

Netflix earningsWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.

Netflix reports its Q4 FY2026 results on 19 January 2027, after the market closes. Analysts expect earnings per share of 0.68 USD and revenue of 13.44B USD.

In Q3 FY2026, reported on 20 October 2026, Netflix earned 0.87 USD a share against the 0.82 USD analysts expected (+6.1%), on revenue of 12.87B USD against 12.87B USD (+0.0%).

Last EPS surpriseWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.: +6.1%
Last revenue surprise: +0.0%
Move after the last reportWhat is the next-day move after earnings? The next-day move is how much a stock's price changed on the first trading day after an earnings report: how the market took the results.: -5.3%
Average move after earningsWhat is the next-day move after earnings? The next-day move is how much a stock's price changed on the first trading day after an earnings report: how the market took the results.: 10.5%

EPS and revenue against estimates

Next earnings · Q4 FY2026

19 Jan 2027

EPS estimate

0.68 USD

Revenue estimate

13.44B USD

Last quarter · Q3 FY2026

EPS0.87Beat +6.1%Revenue12.87BBeat +0.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth	Next-day move
Q3 FY2028	—	1.21	—	—	—	15.63B	—	—	—	—
Q2 FY2028	—	1.16	—	—	—	15.25B	—	—	—	—
Q1 FY2028	—	1.12	—	—	—	15.03B	—	—	—	—
Q4 FY2026	19 Jan 2027	0.68	—	—	+21.43%	13.44B	—	—	+11.56%	—
Q3 FY2026	20 Oct 2026	0.82	0.87	+6.10%	+47.46%	12.87B	12.87B	+0.04%	+11.85%	-5.3%
Q2 FY2026	16 Jul 2026	0.79	0.80	+1.78%	+11.11%	12.58B	12.56B	-0.17%	+13.37%	-7.6%
Q1 FY2026	16 Apr 2026	0.76	1.23	+61.21%	+86.36%	12.18B	12.25B	+0.60%	+16.19%	-9.6%
Q4 FY2025	20 Jan 2026	0.55	0.56	+1.45%	+30.23%	11.97B	12.05B	+0.68%	+17.61%	-2.1%
Q3 FY2025	21 Oct 2025	0.70	0.59	-15.23%	+9.26%	11.51B	11.51B	+0.02%	+17.16%	-10.1%
Q2 FY2025	17 Jul 2025	0.71	0.72	+1.41%	+46.94%	11.06B	11.08B	+0.20%	+15.90%	-5.2%
Q1 FY2025	17 Apr 2025	0.57	0.66	+15.79%	+24.53%	10.51B	10.54B	+0.34%	+12.14%	+1.4%
Q4 FY2024	21 Jan 2025	0.42	0.43	+2.38%	+104.76%	10.11B	10.25B	+1.37%	+16.00%	+9.4%
Q3 FY2024	17 Oct 2024	0.51	0.54	+5.88%	-85.52%	9.77B	9.82B	+0.55%	+15.02%	+11.1%
Q2 FY2024	18 Jul 2024	0.47	0.49	+4.26%	+48.48%	9.53B	9.56B	+0.34%	+16.76%	-1.5%
Q1 FY2024	18 Apr 2024	0.45	0.53	+17.78%	+82.76%	9.28B	9.40B	+1.35%	+15.20%	-9.1%
Q4 FY2023	23 Jan 2024	0.22	0.21	-4.55%	+75.00%	8.72B	8.83B	+1.26%	+12.49%	+11.0%
Q3 FY2023	18 Oct 2023	3.49	3.73	+6.88%	+1,103.23%	8.54B	8.54B	+0.04%	+7.77%	+16.0%
Q2 FY2023	19 Jul 2023	0.28	0.33	+17.86%	+3.13%	8.29B	8.19B	-1.20%	+2.72%	-8.3%
Q1 FY2023	18 Apr 2023	2.86	0.29	-89.86%	-17.14%	8.18B	8.16B	-0.19%	+3.73%	-3.2%
Q4 FY2022	19 Jan 2023	0.05	0.12	+140.00%	-7.69%	7.86B	7.85B	-0.12%	+1.85%	+8.5%
Q3 FY2022	18 Oct 2022	0.21	0.31	+47.62%	-3.13%	7.84B	7.93B	+1.12%	+5.91%	+13.0%
Q2 FY2022	19 Jul 2022	0.29	0.32	+10.34%	+6.67%	8.03B	7.97B	-0.70%	+8.56%	+7.5%
Q1 FY2022	19 Apr 2022	0.29	0.35	+20.69%	-7.89%	7.93B	7.87B	-0.77%	+9.83%	-35.1%
Q4 FY2021	20 Jan 2022	0.08	0.13	+62.50%	+8.33%	7.71B	7.71B	+0.00%	+16.03%	-2.3%
Q3 FY2021	19 Oct 2021	0.26	0.32	+23.08%	+88.24%	7.48B	7.48B	+0.04%	+16.28%	-2.2%
Q2 FY2021	20 Jul 2021	0.32	0.30	-6.25%	+87.50%	7.32B	7.34B	+0.32%	+19.41%	-3.2%
Q1 FY2021	20 Apr 2021	0.30	0.38	+26.67%	+137.50%	7.14B	7.16B	+0.34%	+24.20%	-7.4%
Q4 FY2020	19 Jan 2021	0.14	0.12	-14.29%	-7.69%	6.62B	6.64B	+0.34%	+21.53%	+16.8%
Q3 FY2020	20 Oct 2020	0.21	0.17	-19.05%	+13.33%	6.39B	6.44B	+0.75%	+22.70%	-6.9%
Q2 FY2020	16 Jul 2020	0.18	0.16	-11.11%	+166.67%	6.08B	6.15B	+1.13%	+24.89%	-6.5%
Q1 FY2020	21 Apr 2020	0.16	0.16	0.00%	+100.00%	5.75B	5.77B	+0.29%	+27.58%	-3.0%
Q4 FY2019	21 Jan 2020	0.52	0.13	-75.00%	+333.33%	5.45B	5.47B	+0.30%	+30.59%	-3.7%
Q3 FY2019	16 Oct 2019	1.03	0.15	-85.44%	+66.67%	5.25B	5.24B	-0.05%	+31.14%	+2.4%
Q2 FY2019	17 Jul 2019	0.06	0.06	0.00%	-33.33%	4.93B	4.92B	-0.07%	+26.00%	-10.4%
Q1 FY2019	16 Apr 2019	0.58	0.08	-86.11%	+33.33%	4.50B	4.52B	+0.38%	+22.16%	-1.4%
Q4 FY2018	17 Jan 2019	0.02	0.03	+50.00%	-25.00%	3.35B	4.19B	+25.00%	+27.42%	-4.1%
Q3 FY2018	16 Oct 2018	0.07	0.09	+28.57%	+200.00%	3.06B	4.00B	+30.88%	+33.99%	+5.1%
Q2 FY2018	16 Jul 2018	0.08	0.09	+12.50%	+350.00%	3.63B	3.91B	+7.59%	+40.27%	-5.2%
Q1 FY2018	16 Apr 2018	0.06	0.06	0.00%	+50.00%	3.70B	3.70B	0.00%	+40.36%	+9.3%
Q4 FY2017	22 Jan 2018	0.04	0.04	0.00%	+100.00%	3.29B	3.29B	0.00%	+32.62%	+10.0%
Q3 FY2017	16 Oct 2017	0.35	0.03	-91.43%	+200.00%	3.29B	2.98B	-9.38%	+30.33%	-1.5%
Q2 FY2017	17 Jul 2017	0.02	0.02	0.00%	+100.00%	2.79B	2.79B	0.00%	+32.31%	+13.6%
Q1 FY2017	17 Apr 2017	0.04	0.04	0.00%	+300.00%	2.44B	2.64B	+8.11%	+34.68%	-2.7%
Q4 FY2016	18 Jan 2017	0.01	0.02	+100.00%	+100.00%	2.15B	2.48B	+15.38%	+35.88%	+4.0%
Q3 FY2016	17 Oct 2016	0.01	0.01	0.00%	0.00%	1.15B	2.29B	+100.00%	+31.74%	+19.1%
Q2 FY2016	18 Jul 2016	0.04	0.01	-75.00%	-83.33%	467.82M	2.11B	+350.00%	+28.00%	-13.2%
Q1 FY2016	18 Apr 2016	0.03	0.01	-66.67%	0.00%	978.87M	1.96B	+100.00%	+24.45%	-13.0%
Q4 FY2015	19 Jan 2016	0.05	0.01	-80.00%	0.00%	364.67M	1.82B	+400.00%	+22.81%	-0.2%
Q3 FY2015	14 Oct 2015	0.01	0.01	0.00%	0.00%	1.99B	1.74B	-12.50%	+23.34%	-8.3%
Q2 FY2015	15 Jul 2015	0.04	0.06	+50.00%	+200.00%	1.10B	1.64B	+50.00%	+22.70%	+18.0%
Q1 FY2015	15 Apr 2015	0.14	0.01	-92.86%	0.00%	3.15B	1.57B	-50.00%	+23.86%	+18.3%
Q4 FY2014	20 Jan 2015	0.01	0.01	0.00%	0.00%	1.22B	1.48B	+21.21%	+26.34%	+17.5%
Q3 FY2014	15 Oct 2014	0.12	0.01	-91.67%	0.00%	1.31B	1.41B	+7.69%	+27.44%	-19.3%
Q2 FY2014	21 Jul 2014	0.02	0.02	0.00%	+100.00%	1.42B	1.34B	-5.88%	+25.35%	-4.6%
Q1 FY2014	21 Apr 2014	0.12	0.01	-91.67%	-75.00%	1.27B	1.27B	0.00%	+24.04%	+7.0%
Q4 FY2013	22 Jan 2014	0.07	0.01	-85.71%	-50.00%	961.55M	1.18B	+22.22%	+24.33%	+16.4%
Q3 FY2013	21 Oct 2013	0.01	0.01	0.00%	-50.00%	1.11B	1.11B	0.00%	+22.20%	-9.1%
Q2 FY2013	22 Jul 2013	0.01	0.01	0.00%	-50.00%	916.60M	1.07B	+16.67%	+20.27%	-4.3%
Q1 FY2013	22 Apr 2013	0.03	0.04	+33.33%	—	767.97M	1.02B	+33.33%	+17.72%	+24.5%
Q4 FY2012	23 Jan 2013	-0.02	0.02	+200.00%	+81.82%	945.24M	945.24M	0.00%	+7.96%	+41.9%
Q3 FY2012	23 Oct 2012	0.01	0.02	+100.00%	+17.65%	452.54M	905.09M	+100.00%	+10.13%	-11.9%
Q2 FY2012	24 Jul 2012	0.01	0.02	+100.00%	+5.26%	444.58M	889.16M	+100.00%	+12.75%	-25.1%
Q1 FY2012	23 Apr 2012	-0.04	-0.00	+97.05%	-107.38%	3.48B	869.79M	-75.00%	+21.05%	-13.8%
Q4 FY2011	25 Jan 2012	0.08	0.01	-86.25%	-90.83%	700.46M	875.58M	+25.00%	+46.93%	+22.1%
Q3 FY2011	27 Oct 2011	0.13	0.02	-86.92%	+70.00%	628.47M	821.84M	+30.77%	+48.56%	+3.4%
Q2 FY2011	27 Jul 2011	0.16	0.02	-88.13%	-82.73%	700.99M	788.61M	+12.50%	+51.71%	-1.0%
Q1 FY2011	27 Apr 2011	0.15	0.02	-89.33%	+83.70%	673.64M	718.55M	+6.67%	+45.55%	-0.6%
Q4 FY2010	26 Jan 2011	0.10	0.12	+20.00%	+1,337.13%	496.60M	595.92M	+20.00%	+34.05%	+15.3%
Q3 FY2010	20 Oct 2010	0.10	0.01	-90.00%	+30.38%	553.22M	553.22M	0.00%	+30.75%	+12.8%
Q2 FY2010	21 Jul 2010	0.10	0.11	+10.00%	+37.50%	472.56M	519.82M	+10.00%	+27.25%	-13.5%
Q1 FY2010	21 Apr 2010	0.08	0.01	-89.11%	-82.58%	493.67M	493.67M	0.00%	+25.26%	+15.3%
Q4 FY2009	27 Jan 2010	0.06	0.01	-86.08%	-83.30%	333.41M	444.54M	+33.33%	+23.62%	+23.7%
Q3 FY2009	24 Oct 2009	0.06	0.01	-87.22%	-84.66%	362.67M	423.12M	+16.67%	+23.98%	+0.5%
Q2 FY2009	23 Jul 2009	0.07	0.08	+14.29%	+33.33%	357.45M	408.51M	+14.29%	+21.00%	-9.2%
Q1 FY2009	23 Apr 2009	0.04	0.05	+25.00%	+66.67%	315.28M	394.10M	+25.00%	+20.82%	-5.7%
Q4 FY2008	26 Jan 2009	0.05	0.05	0.00%	+66.67%	359.60M	359.60M	0.00%	+18.93%	+15.5%
Q3 FY2008	20 Oct 2008	0.04	0.05	+25.00%	+66.67%	273.02M	341.27M	+25.00%	+16.09%	-12.4%
Q2 FY2008	25 Jul 2008	0.06	0.06	0.00%	+20.00%	337.61M	337.61M	0.00%	+11.17%	+2.8%
Q1 FY2008	21 Apr 2008	0.03	0.03	0.00%	+50.00%	326.18M	326.18M	0.00%	+6.83%	-23.7%
Q4 FY2007	23 Jan 2008	0.02	0.03	+50.00%	0.00%	201.57M	302.36M	+50.00%	+9.06%	-7.7%
Q3 FY2007	22 Oct 2007	0.02	0.03	+50.00%	0.00%	195.98M	293.97M	+50.00%	+14.86%	+13.0%
Q2 FY2007	23 Jul 2007	0.03	0.05	+66.67%	+66.67%	250.55M	303.69M	+21.21%	+26.88%	-6.9%
Q1 FY2007	18 Apr 2007	0.02	0.02	0.00%	+1,654.39%	305.32M	305.32M	0.00%	+36.23%	-0.9%
Q4 FY2006	24 Jan 2007	0.02	0.03	+50.00%	+50.00%	184.82M	277.23M	+50.00%	+46.48%	+2.2%
Q3 FY2006	23 Oct 2006	0.02	0.03	+50.00%	0.00%	170.63M	255.95M	+50.00%	+46.83%	+18.6%
Q2 FY2006	24 Jul 2006	0.03	0.03	0.00%	+50.00%	239.35M	239.35M	0.00%	+45.50%	-21.0%
Q1 FY2006	24 Apr 2006	0.01	0.00	-88.60%	—	224.13M	224.13M	0.00%	+45.40%	+1.4%
Q4 FY2005	24 Jan 2006	0.02	0.02	0.00%	0.00%	189.26M	189.26M	0.00%	+31.53%	+15.6%
Q3 FY2005	19 Oct 2005	0.02	0.03	+50.00%	-40.00%	116.21M	174.32M	+50.00%	+23.07%	-9.6%
Q2 FY2005	25 Jul 2005	0.01	0.02	+100.00%	0.00%	116.21M	164.50M	+41.55%	+36.72%	+12.1%
Q1 FY2005	21 Apr 2005	-0.03	-0.00	+92.07%	—	462.42M	154.14M	-66.67%	+53.57%	-7.8%
Q4 FY2004	24 Jan 2005	0.01	0.02	+100.00%	+3,074.60%	158.28M	143.89M	-9.09%	+77.24%	+1.7%
Q3 FY2004	14 Oct 2004	0.05	0.05	0.00%	+5,002.04%	141.64M	141.64M	0.00%	+96.18%	-40.9%
Q2 FY2004	15 Jul 2004	0.02	0.02	0.00%	+1,900.00%	120.32M	120.32M	0.00%	+90.42%	-28.1%
Q1 FY2004	15 Apr 2004	—	-0.00	—	—	—	100.37M	—	+80.30%	-16.9%
Q4 FY2003	21 Jan 2004	0.01	0.00	-93.70%	—	81.19M	81.19M	0.00%	+99.32%	+18.0%
Q3 FY2003	15 Oct 2003	0.01	0.00	-90.20%	—	72.20M	72.20M	0.00%	—	+16.0%
Q2 FY2003	17 Jul 2003	0.01	0.00	-90.00%	—	63.19M	63.19M	0.00%	+73.78%	-4.5%
Q1 FY2003	17 Apr 2003	-0.01	-0.00	+85.80%	—	52.49M	55.67M	+6.07%	—	+12.2%
Q4 FY2002	31 Mar 2003	-0.02	-0.00	+95.09%	—	57.51M	45.19M	-21.43%	+48.03%	-6.8%
Q4 FY2002	15 Jan 2003	-0.02	-0.00	+96.35%	—	52.37M	40.73M	-22.22%	+33.43%	-1.6%
Q2 FY2002	14 Aug 2002	-0.02	-0.01	+37.86%	—	52.37M	36.36M	-30.57%	—	+5.9%
Q4 FY2001	31 Mar 2002	—	-0.01	—	—	—	30.53M	—	—	—

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2028	4.47	—	—	+18.86%	62.07B	—	—	+9.71%
FY2027	3.76	—	—	+4.88%	56.57B	—	—	+10.63%
FY2026	3.58	—	—	+41.64%	51.13B	—	—	+13.17%
FY2025	2.56	2.53	-1.30%	+27.14%	45.10B	45.18B	+0.19%	+15.76%
FY2024	1.98	1.99	+0.51%	-56.36%	38.88B	39.03B	+0.39%	+15.74%
FY2023	1.22	4.56	+274.81%	+314.55%	33.63B	33.72B	+0.28%	+6.67%
FY2022	1.03	1.10	+7.18%	-2.65%	31.62B	31.62B	-0.01%	+6.46%

The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.

Q4 FY2026

What the market is waiting forWhat is the market waiting for in a report? The two to four figures investors watch most in a company's next earnings report, each with the number analysts or the company expect, and after the report, whether it came in.

From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.

High importanceWaiting for 19 Jan

Revenue outlook

Expected2027 revenue guidance of about $56.6 billionanalysts' consensus

The resultComes with the report on 19 Jan

The outlook will show whether Netflix can keep growing as competition for viewers increases.

Beat recordWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.

On average, analysts' EPS estimate was 11.5% off the result, either way, and their revenue estimate 0.6%, over the last 12 quarters.

EPS beats: 47 / 97
Revenue beats: 59 / 97
Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.: +8.2%
Since: August 2002

Common questions about Netflix's earnings

Source: Financial Modeling PrepVerified against SEC filings

Netflix
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NFLX

Netflix earningsWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.

EPS and revenue against estimates

Revenue

EPS

What the market is waiting forWhat is the market waiting for in a report? The two to four figures investors watch most in a company's next earnings report, each with the number analysts or the company expect, and after the report, whether it came in.

Revenue outlook

Advertising sales

Operating profit margin

Cash after spending

Beat recordWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.

Common questions about Netflix's earnings

When is Netflix's next earnings date?

What were Netflix's last earnings?

How often does Netflix beat earnings estimates?

How does Netflix's stock move after earnings?

What time does Netflix report earnings?

Need help?

Netflix DQuotes are delayed by 15 minutes

NFLX

Netflix earningsWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.

EPS and revenue against estimates

Revenue

EPS

What the market is waiting forWhat is the market waiting for in a report? The two to four figures investors watch most in a company's next earnings report, each with the number analysts or the company expect, and after the report, whether it came in.

Revenue outlook

Beat recordWhat is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.

Common questions about Netflix's earnings

When is Netflix's next earnings date?

What were Netflix's last earnings?

How often does Netflix beat earnings estimates?

How does Netflix's stock move after earnings?

What time does Netflix report earnings?

Need help?

Netflix
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Quotes are delayed by 15 minutes