Netflix is expected to report Q3 2026 earnings at the end of October. This page tracks the latest analyst forecasts for Netflix EPS, revenue, and operating income - updated as new data becomes available.
When is the next Netflix earnings?
Though the date is tentative, Netflix's next earnings is expected to take place on 20 October 2026, after market close. (Source: Yahoo Finance)
Netflix Q3 2026 Earnings Forecast
According to a Reuters article, Netflix's Q3 2026 outlook disappointed investors after the company forecast third-quarter revenue of $12.86 billion and diluted EPS of $0.82, both slightly below Wall Street expectations of $13.0 billion in revenue and $0.84 EPS.
Investors will closely watch the company's progress in expanding its advertising business, live events, and gaming initiatives, which management views as key drivers of future growth.
Netflix also announced it will reduce the frequency of its viewing-hours reports from twice a year to once annually beginning in 2027, following its earlier decision to stop reporting quarterly subscriber numbers.
While management maintained that financial performance remains solid and reiterated its expectation of $3 billion in advertising revenue by year-end, the earnings report reinforced investor focus on whether these new growth initiatives can offset slowing subscriber-driven expansion. (Source: Reuters, 16 July 2026)
According to Zacks Research, Netflix is expected to report earnings of $0.82 per share, which would mark a YoY increase of 38.98%. (Source: Zacks Research, accessed on 05 August 2026)
Price Chart
Will Netflix beat earnings?
While the answer to this question is yet to be determined, according to Zacks Research, Netflix is estimated to miss EPS by 0.18%. (Source: Zacks Research, accessed on 05 August 2026)
Netflix earnings history
Netflix EPS 2011-2026
Calculated by dividing net income by the total shares outstanding, EPS (Earnings Per Share) quantifies profitability on a per-share basis and is a vital component of the price-to-earnings (P/E) valuation metric.
(Source: Companiesmarketcap, accessed on 05 August 2026)
Netflix EBIT history (2011-2025)
EBIT (Earnings Before Interest and Taxes) represents revenue less operating expenses. It serves as a metric for evaluating essential operational profitability, distinct from tax jurisdictions or debt arrangements.
Year |
Netflix Annual EBIT (Millions of US $) |
|---|---|
2025 |
$13,327 |
2024 |
$10,418 |
2023 |
$6,954 |
2022 |
$5,633 |
2021 |
$6,195 |
2020 |
$4,585 |
2019 |
$2,604 |
2018 |
$1,605 |
2017 |
$839 |
2016 |
$380 |
2015 |
$306 |
2014 |
$403 |
2013 |
$228 |
2012 |
$50 |
2011 |
$376 |
(Source: MacroTrends, accessed on 05 August 2026)
Netflix stock hit its all-time closing high of $133.91 on 30 June 2025 after blockbuster earnings report revealed that Netflix added a massive 19 million new subscribers in a single quarter. This crushing performance, fueled by highly anticipated live events and hit releases, propelled the stock upward in a series of dramatic rallies.
Trading Netflix earnings
Prudent earnings trading starts with understanding what is already priced into the stock. Keep track of analyst predictions and forecasts, stay on top of news, and make sure to do your research.
Management's outlook can have a greater impact on the share price than the reported earnings themselves. Pay close attention to commentary on advertising revenue, operating margins, engagement trends, live events, gaming, and expectations for future quarters. Positive guidance can outweigh an earnings miss, while cautious forecasts can overshadow strong quarterly results.
Beyond revenue and EPS, traders may want to monitor:
- Advertising revenue growth and monetisation.
- Operating margin performance.
- Viewer engagement and content performance.
- Management's long-term growth strategy and capital allocation.
These metrics provide insight into the sustainability of Netflix's growth beyond subscriber additions.
Netflix has a history of large post-earnings price swings. Elevated implied volatility ahead of earnings reflects the market's expectation of significant movement in either direction. Traders should account for this increased risk by adjusting position sizes, using stop-loss orders, or considering options strategies if appropriate.
Rather than trading immediately after the earnings release, many traders prefer to wait for the earnings call and the market's initial reaction before entering a position. This approach helps reduce the risk of being caught in sharp price reversals driven by changing investor sentiment.
Earnings announcements are inherently unpredictable, making risk management essential. Traders should define their maximum acceptable loss before entering a trade, avoid overleveraging positions, and recognise that even strong financial results can lead to a share price decline if expectations are not met.
Plus500, for example, offers risk management tools such as Close at Profit, Close at Loss, Trailing Stop, and Guaranteed Stop, in addition to free educational resources , news articles, advanced trading charts , and exclusive data features .
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Key takeaways
- Netflix is expected to report Q3 2026 earnings around 20 October 2026 (though the date is not confirmed).
- The company has guided for $12.86 billion in revenue and $0.82 diluted EPS.
- Investors will focus on advertising growth, forward guidance, and operating margins.
- Netflix's history of sharp post-earnings price moves means volatility is likely around the announcement.
Tracking more than one stock? Browse all our earnings expectations articles - covering NVIDIA, Tesla, Microsoft and more.
FAQ
Netflix is expected to release its Q3 2026 earnings on or around 20 October 2026, after the market closes. The date is tentative and may change.
Current forecasts call for revenue of approximately $12.86 billion and diluted EPS of $0.82, according to company guidance and analyst estimates.
In addition to revenue and earnings per share, investors often monitor advertising revenue growth, operating margins, viewer engagement, management's forward guidance, and updates on initiatives such as live events, gaming, and AI.
Netflix announced that beginning in 2027 it will publish its viewing-hours report once a year instead of twice annually, stating that it wants investors to focus primarily on financial metrics such as revenue and operating profit.
Yes. Netflix has historically experienced significant share price volatility following earnings announcements, as investors react to reported results, management guidance, and commentary on future growth prospects.
Yes. Traders can gain exposure to Netflix share price movements through Contracts for Difference (CFDs), allowing them to speculate on rising or falling prices without owning the underlying shares. However, CFDs are leveraged products and carry a high level of risk, so it is important to use appropriate risk management tools and understand the risks before trading.