Netflix Inc

NFLX: XNAS (USA)

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Netflix Earnings: Strong, as Expected; 2026 Guidance Confirms Decelerating Growth

Matthew Dolgin

Jan 21, 2026

Netflix's fourth-quarter revenue rose 17% year over year (excluding currency tailwinds). For the full year, revenue also increased 17%, and the operating margin expanded 3 percentage points, to 29.5%. Guidance for 2026 is for 11%-13% organic sales growth and 2 percentage points of margin expansion.

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Netflix Inc

Netflix Earnings: Strong, as Expected; 2026 Guidance Confirms Decelerating Growth

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