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Side-by-side financial comparison of Netflix (NFLX) and Oracle Corporation (ORCL). Click either name above to swap in a different company.
Oracle Corporation is the larger business by last-quarter revenue ($16.1B vs $12.2B, roughly 1.3× Netflix). Netflix runs the higher net margin — 43.1% vs 38.2%, a 4.9% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs 14.2%). Netflix produced more free cash flow last quarter ($5.1B vs $-10.0B). Over the past eight quarters, Netflix's revenue compounded faster (13.2% CAGR vs 10.0%).
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic means, it is a form of divination.
NFLX vs ORCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.2B | $16.1B |
| Net Profit | $5.3B | $6.1B |
| Gross Margin | 51.9% | — |
| Operating Margin | 32.3% | 29.5% |
| Net Margin | 43.1% | 38.2% |
| Revenue YoY | 16.2% | 14.2% |
| Net Profit YoY | 82.8% | 94.7% |
| EPS (diluted) | $1.23 | $2.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $12.2B | — | ||
| Q4 25 | $12.1B | $16.1B | ||
| Q3 25 | $11.5B | $14.9B | ||
| Q2 25 | $11.1B | $15.9B | ||
| Q1 25 | $10.5B | $14.1B | ||
| Q4 24 | $10.2B | $14.1B | ||
| Q3 24 | $9.8B | $13.3B | ||
| Q2 24 | $9.6B | $14.3B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.4B | $6.1B | ||
| Q3 25 | $2.5B | $2.9B | ||
| Q2 25 | $3.1B | $3.4B | ||
| Q1 25 | $2.9B | $2.9B | ||
| Q4 24 | $1.9B | $3.2B | ||
| Q3 24 | $2.4B | $2.9B | ||
| Q2 24 | $2.1B | $3.1B |
| Q1 26 | 51.9% | — | ||
| Q4 25 | 45.9% | — | ||
| Q3 25 | 46.4% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 50.1% | — | ||
| Q4 24 | 43.7% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 45.9% | — |
| Q1 26 | 32.3% | — | ||
| Q4 25 | 24.5% | 29.5% | ||
| Q3 25 | 28.2% | 28.7% | ||
| Q2 25 | 34.1% | 32.1% | ||
| Q1 25 | 31.7% | 30.8% | ||
| Q4 24 | 22.2% | 30.0% | ||
| Q3 24 | 29.6% | 30.0% | ||
| Q2 24 | 27.2% | 32.8% |
| Q1 26 | 43.1% | — | ||
| Q4 25 | 20.1% | 38.2% | ||
| Q3 25 | 22.1% | 19.6% | ||
| Q2 25 | 28.2% | 21.5% | ||
| Q1 25 | 27.4% | 20.8% | ||
| Q4 24 | 18.2% | 22.4% | ||
| Q3 24 | 24.1% | 22.0% | ||
| Q2 24 | 22.5% | 22.0% |
| Q1 26 | $1.23 | — | ||
| Q4 25 | $-17.14 | $2.10 | ||
| Q3 25 | $5.87 | $1.01 | ||
| Q2 25 | $7.19 | $1.19 | ||
| Q1 25 | $0.66 | $1.02 | ||
| Q4 24 | $4.27 | $1.10 | ||
| Q3 24 | $5.40 | $1.03 | ||
| Q2 24 | $4.88 | $1.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $12.3B | $19.2B |
| Total DebtLower is stronger | $13.4B | — |
| Stockholders' EquityBook value | $31.1B | $30.0B |
| Total Assets | $61.0B | $205.0B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $12.3B | — | ||
| Q4 25 | $9.1B | $19.2B | ||
| Q3 25 | $9.3B | $10.4B | ||
| Q2 25 | $8.4B | $10.8B | ||
| Q1 25 | $8.4B | $17.4B | ||
| Q4 24 | $9.6B | $10.9B | ||
| Q3 24 | $9.2B | $10.6B | ||
| Q2 24 | $6.7B | $10.5B |
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.5B | — | ||
| Q3 25 | $14.5B | — | ||
| Q2 25 | $14.5B | — | ||
| Q1 25 | $14.0B | — | ||
| Q4 24 | $13.8B | — | ||
| Q3 24 | $14.2B | — | ||
| Q2 24 | $12.2B | — |
| Q1 26 | $31.1B | — | ||
| Q4 25 | $26.6B | $30.0B | ||
| Q3 25 | $26.0B | $24.2B | ||
| Q2 25 | $25.0B | $20.5B | ||
| Q1 25 | $24.0B | $16.7B | ||
| Q4 24 | $24.7B | $13.7B | ||
| Q3 24 | $22.7B | $10.8B | ||
| Q2 24 | $22.1B | $8.7B |
| Q1 26 | $61.0B | — | ||
| Q4 25 | $55.6B | $205.0B | ||
| Q3 25 | $54.9B | $180.4B | ||
| Q2 25 | $53.1B | $168.4B | ||
| Q1 25 | $52.1B | $161.4B | ||
| Q4 24 | $53.6B | $148.5B | ||
| Q3 24 | $52.3B | $144.2B | ||
| Q2 24 | $49.1B | $141.0B |
| Q1 26 | 0.43× | — | ||
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.58× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.55× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.3B | $2.1B |
| Free Cash FlowOCF − Capex | $5.1B | $-10.0B |
| FCF MarginFCF / Revenue | 41.6% | -62.1% |
| Capex IntensityCapex / Revenue | 1.6% | 74.9% |
| Cash ConversionOCF / Net Profit | 1.00× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $11.9B | $-13.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.1B | $2.1B | ||
| Q3 25 | $2.8B | $8.1B | ||
| Q2 25 | $2.4B | $6.2B | ||
| Q1 25 | $2.8B | $5.9B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $2.3B | $7.4B | ||
| Q2 24 | $1.3B | $6.1B |
| Q1 26 | $5.1B | — | ||
| Q4 25 | $1.9B | $-10.0B | ||
| Q3 25 | $2.7B | $-362.0M | ||
| Q2 25 | $2.3B | $-2.9B | ||
| Q1 25 | $2.7B | $71.0M | ||
| Q4 24 | $1.4B | $-2.7B | ||
| Q3 24 | $2.2B | $5.1B | ||
| Q2 24 | $1.2B | $3.3B |
| Q1 26 | 41.6% | — | ||
| Q4 25 | 15.5% | -62.1% | ||
| Q3 25 | 23.1% | -2.4% | ||
| Q2 25 | 20.5% | -18.4% | ||
| Q1 25 | 25.2% | 0.5% | ||
| Q4 24 | 13.5% | -19.0% | ||
| Q3 24 | 22.3% | 38.5% | ||
| Q2 24 | 12.7% | 23.0% |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 2.0% | 74.9% | ||
| Q3 25 | 1.4% | 57.0% | ||
| Q2 25 | 1.4% | 57.1% | ||
| Q1 25 | 1.2% | 41.5% | ||
| Q4 24 | 1.5% | 28.2% | ||
| Q3 24 | 1.3% | 17.3% | ||
| Q2 24 | 0.8% | 19.6% |
| Q1 26 | 1.00× | — | ||
| Q4 25 | 0.87× | 0.34× | ||
| Q3 25 | 1.11× | 2.78× | ||
| Q2 25 | 0.78× | 1.80× | ||
| Q1 25 | 0.97× | 2.02× | ||
| Q4 24 | 0.82× | 0.41× | ||
| Q3 24 | 0.98× | 2.54× | ||
| Q2 24 | 0.60× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFLX
Segment breakdown not available.
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
