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Current Taxes for Netflix Inc

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NFLX: Netflix Inc

Netflix, Inc. provides entertainment services. The company offers television (TV) series, documentaries, feature films, and games across various genres and languages. It also provides members the abil...

950.02 USD
Price
USD
Fair Value
Upside
542.01 - 1,064.50
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Netflix Inc's Current Taxes:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 2024500 M1 B1.5 B2 B

Performance Summary
  • Netflix's latest twelve months current taxes is 1.845 billion
  • Netflix's current taxes for fiscal years ending December 2020 to 2024 averaged 996.9 million.
  • Netflix's operated at median current taxes of 906.5 million from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Netflix's current taxes peaked in December 2024 at 1.845 billion.
  • Netflix's current taxes hit its 5-year low in December 2020 of 367.9 million.
  • Netflix's current taxes increased in each of the last 5 fiscal years from 367.9 million in 2020 to 1.845 billion in 2024.

Benchmarks

Metric Usage: Current Taxes

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curr_taxes
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number
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text
Format
current
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Free
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Similar Metrics

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Metrics similar to Current Taxes in the financials category include:

  • Cash from Operations - Represents the amount of cash generated or consumed by a company's core business operations
  • Total Capital - Total Capital is a supplemental line item with the following components: Total Preferred Equity, Total Debt, Total Common Equity, and Minority Interest, Total (Incl. Fin. Div).
  • Inventory Long-Term - This item represents the non-current inventories of the motion picture film industry comprising of certain capitalized costs incurred for the acquisition and production of entertainment properties.
  • Common Shares In Treasury - This item represents the number of common shares repurchased or reacquired by the corporation (from market or directly from stockholders) at the end of a period
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Current Taxes

This item represents the current amount of income taxes payable, both domestic and foreign.

Definition of Current Taxes

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Netflix reported current taxes of 1.845 B for the latest quarter ending December 31, 2024 on its balance sheet.

The tables below summarizes Netflix’s Current Taxes and common size over the last five years:

Fiscal YearCurrent TaxesAssets% Assets
2020-12-31367.9 M39.28 B0.9%
2021-12-31524.4 M44.585 B1.2%
2022-12-31906.5 M48.595 B1.9%
2023-12-311.34 B48.732 B2.8%
2024-12-311.845 B53.63 B3.4%

The tables below summarizes Netflix’s Current Taxes and common size over the last four quarters:

Quarter EndingCurrent TaxesAssets% Assets
2024-03-31NA48.828 B0.0%
2024-06-30NA49.099 B0.0%
2024-09-30NA52.282 B0.0%
2024-12-311.845 B53.63 B3.4%

Click the link below to download a spreadsheet with an example Current Taxes calculation for Netflix Inc below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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0 K400 M800 M1.431 B0200400

The chart above depicts the distribution of current taxes for companies operating in the Communication Services sector in the Developed economic region. Over 580 companies were considered in this analysis, and 558 had meaningful values. The average current taxes of companies in the sector is 41.498 M with a standard deviation of 133.5 M.

Netflix Inc's Current Taxes of 1.845 B is significantly outside the interquartile range and is excluded from the distribution. The following table provides additional summary stats:

Current Taxes In The Communication Services Sector
Economic Risk RegionDeveloped
Total Constituents581
Included Constituents558
Min-1.577 M
Max1.43 B
Median1.809 M
Mean41.498 M
Standard Deviation133.5 M

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