NFLX · Netflix, Inc.

On April 22, 2026, Netflix's Board authorized an additional $25 billion share repurchase program, supplementing the existing December 2024 authorization. As of March 31, 2026, approximately $6.8 billion remained available under the prior program. The new authorization has no expiration date, providing long-term flexibility. Repurchases may be executed through open market transactions, Rule 10b5-1 trading plans, privately-negotiated transactions, accelerated share repurchase plans, or block purchases. The company is not obligated to repurchase any specific number of shares, and the timing and amount will depend on stock price, economic conditions, and alternative investment opportunities. Netflix may discontinue repurchases at any time without notice. This significant increase in buyback capacity signals management's confidence in the company's financial position and commitment to returning capital to shareholders.