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Wednesday, October 21, 2026

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Companies · Wednesday, October 21, 2026

Netflix says quarterly revenue rose 12 percent

The File desk · Oct. 21, 2026, 6:40 a.m. ET

Confirmed1 primary sources

Status

Confirmed as company figures in Netflix's shareholder letter filed with the SEC on Oct. 20, 2026. The share price is not reported.
Netflix said Tuesday that third-quarter revenue grew 12 percent from a year earlier, to $12.9 billion, in line with its own forecast. The operating margin was 34.6 percent, up from 28.2 percent in the same quarter of 2025. The figures are the company's, in a letter filed with the SEC.1
The letter says net income for the quarter was $3,664 million. For all of 2026, Netflix expects revenue of $51.1 billion, which it says is 13 percent higher than a year earlier, and an operating margin of 31.5 percent. The fourth-quarter revenue forecast in the letter's table is $13,442 million. This story does not print a share-price move.1
Why it matters (Estimate). Estimate. Netflix is a subscription most households can name, so its quarter is a read on whether people are still paying for streaming. What the stock did after the filing is not in this story.1 The letter says revenue matched the company's own forecast.
The letter is Netflix's account of the quarter. It says the margin was ahead of the company's forecast mostly because of the timing of expenses.
How we know

Notes

  1. 1.Netflix, Exhibit 99.1, Q3 2026 shareholder letter, filed with the SEC and re-opened for this edition. https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm “Q3 revenue grew 12% year over year (11% on a F/X neutral basis) to $12.9B, consistent with our forecast. Operating margin was 34.6%, up from 28.2% in Q3'25.” “For 2026, we expect revenue of $51.1B (+13% year over year) and an operating margin of 31.5%.” The letter's table lists Q3 net income of $3,664 million and a Q4 revenue forecast of $13,442 million. No share-price figure is printed.

What is still unknown or disputed

  • The share price is not reported.
  • A breakdown of subscribers is not used here.

Primary sources

Every claim in this story is drawn from the documents below. If a fetch failed, that is recorded on the card.

  1. Source 1

    Netflix Q3 2026 shareholder letter

    Netflix, filed with the SEC · October 20, 2026

    Q3 revenue grew 12% year over year to $12.9B, consistent with our forecast. Operating margin was 34.6%, up from 28.2% in Q3'25.

    https://www.sec.gov/Archives/edgar/data/1065280/000106528026000290/ex991_q326.htm

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