Netflix reports Q2 revenue of $12.6B (+13% YoY), narrows 2026 guidance to $51.0–$51.4B

Filed July 16, 2026 · Period ending July 16, 2026 · ~1 min read

Key Changes

• high

  Q2 revenue reached $12.6B (+13% YoY, +12% FX-neutral) driven by membership growth, pricing, and ad revenue; operating margin of 33.4% and diluted EPS of $0.80 (+11% YoY) both slightly ahead of forecast.

  Item 2.02 verify on EDGAR →
• high

  Narrowed 2026 revenue guidance to $51.0–$51.4B (13–14% growth, ~12% FX-neutral) with 31.5% operating margin target maintained; projects ad revenue to roughly double to ~$3B and operating income growth exceeding 20%.

  Exhibit 99.1 view on EDGAR →
• high

  Board authorized additional $25B share repurchase in April; Q2 buyback of $4.7B was largest quarterly repurchase to date, leaving $27.1B in remaining capacity.

  Exhibit 99.1 view on EDGAR →