Companies / Communication Services / Movies & Entertainment
Netflix stock buybacks
NFLX$12.9Bbought back in the 12 months to Sep 30, 2026
Netflix bought back $12.9B of its stock in the last twelve months, $12.3B more than it paid out in stock compensation. Its share count is down 3.3% from a year earlier.
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| Period | Value |
|---|---|
| Q4 '20 | $0 |
| Q1 '21 | $0 |
| Q2 '21 | $500.0M |
| Q3 '21 | $100M |
| Q4 '21 | $0 |
| Q1 '22 | $0 |
| Q2 '22 | $0 |
| Q3 '22 | $0 |
| Q4 '22 | $0 |
| Q1 '23 | $400.1M |
| Q2 '23 | $645.1M |
| Q3 '23 | $2.5B |
| Q4 '23 | $2.5B |
| Q1 '24 | $2B |
| Q2 '24 | $1.6B |
| Q3 '24 | $1.7B |
| Q4 '24 | $963.7M |
| Q1 '25 | $3.5B |
| Q2 '25 | $1.7B |
| Q3 '25 | $1.9B |
| Q4 '25 | $2.1B |
| Q1 '26 | $1.3B |
| Q2 '26 | $4.7B |
| Q3 '26 | $4.8B |
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| Period | Value |
|---|---|
| Q4 '20 | 4.55B |
| Q1 '21 | 4.56B |
| Q2 '21 | 4.55B |
| Q3 '21 | 4.55B |
| Q4 '21 | 4.56B |
| Q1 '22 | 4.53B |
| Q2 '22 | 4.50B |
| Q3 '22 | 4.50B |
| Q4 '22 | 4.52B |
| Q1 '23 | 4.52B |
| Q2 '23 | 4.52B |
| Q3 '23 | 4.50B |
| Q4 '23 | 4.44B |
| Q1 '24 | 4.42B |
| Q2 '24 | 4.40B |
| Q3 '24 | 4.38B |
| Q4 '24 | 4.38B |
| Q1 '25 | 4.37B |
| Q2 '25 | 4.35B |
| Q3 '25 | 4.34B |
| Q4 '25 | 4.32B |
| Q1 '26 | 4.30B |
| Q2 '26 | 4.26B |
| Q3 '26 | 4.20B |
$4.8Blast quarter (Q3 2026)
$12.3Bnet of stock compensation ($540M)
−3.3%diluted shares, 1 year
−4.4%diluted shares, 5 years
—dividends, 12 months
113%of free cash flow ($11.4B) spent on buybacks
$0raised by issuing stock, 12 months
$22.3Bleft under its authorization as of Sep 30, 2026
Share counts are adjusted for 2 stock splits (7-for-1, 10-for-1).
By fiscal year
Questions
- Does Netflix buy back its stock?
- Netflix bought back $12.9B of its stock in the last twelve months, $12.3B more than it paid out in stock compensation. Its share count is down 3.3% from a year earlier.
- How much did Netflix spend on buybacks in fiscal 2025?
- $9.1B, according to its 10-K for the fiscal year ending Dec 31, 2025.
- Is Netflix's share count going down?
- Its diluted share count changed −4.4% over five fiscal years and −3.3% over the last year.
- Does Netflix have a buyback authorization?
- Its filings show $22.3B remaining under its repurchase authorization as of Sep 30, 2026.
Latest filing used: 10-Q for the period ending Sep 30, 2026, filed Oct 21, 2026 · open on SEC.gov