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NETFLIX INCNFLX

Latest proxy: 2026 · view on SEC ↗ · CIK 0001065280

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CEO total pay

$53,905,972

TED SARANDOS · 2025

Say on pay

Not disclosed

Use Ask for the underlying narrative

CEO pay ratio

Item 402(u)

255 to 1

Median employee: $53,905,972

Compensation committee

CD&A

Compensation Committee

Per the latest proxy

Filings indexed: 4 · 2026 · 2025 · 2024 · 2023

Executive pay

What did they pay them?

From the Summary Compensation Table. Pay mix and YoY are computed from these rows.

Executive	Role	TotalYoY	Pay mix	Salary	Stock	Cash incentive	Other
TED SARANDOS2025 compensation	Chief Executive Officer and President	$53,905,972↓ 13%	90% at-risk	$3,000,000	$41,398,424	$7,053,958	$2,453,590
GREG PETERS2025 compensation	Chief Executive Officer and President	$53,187,307↓ 12%	91% at-risk	$3,000,000	$41,398,424	$7,053,958	$1,734,925
SPENCER NEUMANN2025 compensation	Chief Financial Officer	$20,834,050↓ 9%	90% at-risk	$2,000,000	$14,022,432	$4,702,639	$108,979
DAVID HYMAN2025 compensation	Chief Legal Officer	$15,400,781↓ 11%	87% at-risk	$2,000,000	$8,681,008	$4,702,639	$17,134
CLETE WILLEMS2025 compensation	Chief Global Affairs Officer	$14,334,095	93% at-risk	$761,539	$8,865,531	$1,917,130	$39,895
REED HASTINGS2025 compensation	Former Executive Chairman of the Board	$1,242,113	97% at-risk	$33,846	$936,421	—	$612

Pay mix: base cash incentive equity other

Add to peer comparison →Year-over-year diff →

CD&A excerpt

Compensation discussion & analysis

Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.

37 2025 Named Executive Officers This Compensation Discussion and Analysis describes the compensation program for our Named Executive Officers listed below, and the titles reflect the positions held by each Named Executive Officer on December 31, 2025. • Ted Sarandos, co-Chief Executive Officer and President • Greg Peters, co-Chief Executive Officer and President • Reed Hastings, former Executive Chairman of the Board(1) • Spencer Neumann, Chief Financial Officer • David Hyman, Chief Legal Officer • Clete Willems, Chief Global Affairs Officer(2) Messrs. Sarandos, Peters, Hastings (through April 2025), Neumann, Hyman and Willems (from April 2025) were the only individuals who served as executive officers as defined under Rule 3b-7 (“Executive Officers”) of Netflix during 2025. (1) Effective April 17, 2025, Mr. Hastings transitioned from Executive Chairman to Chairman of the Board and a non-executive director. (2) Mr. Willems joined Netflix as the Chief Global Affairs Officer effective April 28, 2025. Our Company and 2025 Performance Netflix is one of the world’s leading entertainment services offering TV series, films, games and live programming across a wide variety of genres and l…

Read the full CD&A on SEC.gov ↗

Peer comparison

Who they benchmark against

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Governance

Policy guardrails

hedging
prohibited
“Prohibition on Hedging”
clawback
present
“clawback policy to comply with Exchange Act Rule 10D-1 and the Nasdaq listing standards regarding recovery of erroneously awarded compensation in the event of an accounting restatement.”
stock ownership guidelines
present
“Stock Ownership Guidelines”
change in control
Termination-Based Compensation and Change in Control Retention Incentives
“Termination-Based Compensation and Change in Control Retention Incentives”
compensation consultant
independent
“independent compensation consultant, and the co-CEOs, taking into consideration the strategic importance of his role and our compensation philosophy”
compensation committee
Compensation Committee
“Role of the Compensation Committee”

Performance markers

Metric facts

revenue
$1.5 billion
“Netflix is one of the world’s leading entertainment services offering TV series, films, games and live programming across a wide variety of genres and languages. In 2025, we met or exceeded all of our financial objective…”
ceo pay ratio
255 to 1
“Table, the 2025 annual total compensation as determined under Item 402 of Regulation S-K was $53,905,972 for Mr. Sarandos and $53,187,307 for Mr. Peters. The 2025 annual total compensation as determined under Item 402 of…”
median employee compensation
$53,905,972
“Pay Ratio Disclosure As required by Section 953(b) of the Dodd-Frank Act and Item 402(u) of Regulation S-K, we are providing the following information about the relationship of the annual total compensation of our median…”

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