Netflix reported third-quarter 2026 revenue of $12.874 billion in its October 20 shareholder letter, an increase of 11.8 percent from a year earlier. Net income was $3.664 billion, while operating income reached $4.459 billion.
Its operating margin rose to 34.6 percent from 28.2 percent in the same quarter of 2025. Netflix said the result exceeded its own forecast primarily because of the timing of expenses. That explanation matters when comparing a single quarter with the company's expectations for the whole year.
Management expects full-year revenue of $51.1 billion and an operating margin of 31.5 percent. For the fourth quarter, its revenue forecast is $13.442 billion. These figures are forward-looking estimates, separate from the results already recorded.
Netflix attributed revenue growth to subscriptions, pricing, advertising and currency movements. It continues to invest in original productions, licensed programming and live events. The report provides a view of operating performance, without establishing how its shares will move next.
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