Netflix (WAR:NFLX) Research & Development: zł12,965 Mil (TTM As of Mar. 2026)


WAR:NFLX Netflix Inc WAR:NFLX
77 GF Score
Price zł275.65
GF Value zł382.88
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Netflix Research & Development?

Netflix WAR:NFLX 77 Research & Development is zł12,965 Mil as of Mar. 2026. GuruFocus rates WAR:NFLX with a GF Score™ of 77/100 and a GF Value™ of zł382.88 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Netflix's Research & Development for the three months ended in Mar. 2026 was zł3,527 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was zł12,965 Mil.

Netflix  (WAR:NFLX) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Netflix Research & Development Related Terms

Netflix Research & Development Historical Data

* Premium members only.

The historical data trend for Netflix's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Netflix Research & Development Chart

Netflix Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,355.66 9,962.05 9,832.39 10,749.35 12,462.07

Netflix Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,023.56 3,030.40 3,136.60 3,271.51 3,526.52
WAR:NFLX
77GF Score
Netflix Inc WAR:NFLX
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Netflix Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł12,965 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of zł12,965 Mil mean?
Netflix (WAR:NFLX) has a Research & Development of zł12,965 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Netflix and its competitors.
Is Netflix's Research & Development too high?
Netflix's current Research & Development is zł12,965 Mil. Overall, Netflix has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netflix's Research & Development compare to DIS and WBD?
Netflix's Research & Development of zł12,965 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Media - Diversified company?
A good Research & Development depends on the Media - Diversified industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Netflix and its competitors. Netflix's current Research & Development is zł12,965 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netflix stock overvalued right now?
Based on GuruFocus' analysis, Netflix (WAR:NFLX) is currently considered Modestly Undervalued. The stock's GF Value™ is zł382.88, compared to a current price of zł275.65 — trading 28% below its estimated fair value. The current Research & Development is zł12,965 Mil. Netflix's overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Netflix (WAR:NFLX), the current Research & Development is zł12,965 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Netflix (WAR:NFLX) Overvalued in 2026?

Based on GuruFocus' analysis, Netflix stock appears to be undervalued. The current stock price of zł275.65 is trading 28% below its estimated GF Value™ of zł382.88. GuruFocus considers Netflix to be Modestly Undervalued.

Key valuation signals for WAR:NFLX:

  • Research & Development: zł12,965 Mil
  • GF Value™: zł382.88 vs. price of zł275.65 (28% below fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the WAR:NFLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Netflix Business Description

Address 121 Albright Way, Los Gatos, CA, USA, 95032
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
77GF Score

Get the complete analysis for WAR:NFLX

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł275.65
Price
zł382.88
GF Value