Netflix (XSWX:NFLX) Total Operating Expense: CHF7,222 Mil (TTM As of Mar. 2026)


XSWX:NFLX Netflix Inc XSWX:NFLX
99 GF Score
Price CHF60.73
GF Value CHF81.06
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Netflix Total Operating Expense?

Netflix XSWX:NFLX +1.28% 99 Total Operating Expense is CHF7,222 Mil as of Mar. 2026. GuruFocus rates XSWX:NFLX with a GF Score™ of 99/100 and a GF Value™ of CHF81.06 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Netflix's Total Operating Expense for the three months ended in Mar. 2026 was CHF1,893 Mil. Netflix's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was CHF7,222 Mil.

Netflix Total Operating Expense Related Terms

Netflix Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Netflix's Total Operating Expense 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 Total Operating Expense Chart

Netflix Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,683.17 6,348.33 6,100.24 6,727.02 6,838.28

Netflix Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 1,707.69 1,609.45 1,670.07 2,049.21 1,893.08
XSWX:NFLX
99GF Score
Netflix Inc XSWX:NFLX
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Netflix Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense 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 CHF7,222 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.

What does a Total Operating Expense of CHF7,222 Mil mean?
Netflix (XSWX:NFLX) has a Total Operating Expense of CHF7,222 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Netflix and its competitors.
Is Netflix's Total Operating Expense too high?
Netflix's current Total Operating Expense is CHF7,222 Mil. Overall, Netflix has a GF Score™ of 99/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netflix's Total Operating Expense compare to DIS and WBD?
Netflix's Total Operating Expense of CHF7,222 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 Total Operating Expense for a Media - Diversified company?
A good Total Operating Expense depends on the Media - Diversified industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Netflix and its competitors. Netflix's current Total Operating Expense is CHF7,222 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 (XSWX:NFLX) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF81.06, compared to a current price of CHF60.73 — trading 25.1% below its estimated fair value. The current Total Operating Expense is CHF7,222 Mil. Netflix's overall GF Score™ is 99/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Netflix (XSWX:NFLX), the current Total Operating Expense is CHF7,222 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 (XSWX:NFLX) Overvalued in 2026?

Based on GuruFocus' analysis, Netflix stock appears to be undervalued. The current stock price of CHF60.73 is trading 25.1% below its estimated GF Value™ of CHF81.06. GuruFocus considers Netflix to be Modestly Undervalued.

Key valuation signals for XSWX:NFLX:

  • Total Operating Expense: CHF7,222 Mil
  • GF Value™: CHF81.06 vs. price of CHF60.73 (25.1% below fair value)
  • GF Score™: 99/100 with 1 warning sign

No single metric tells the full story. See the XSWX: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.
99GF Score

Get the complete analysis for XSWX:NFLX

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF60.73
Price
CHF81.06
GF Value