Netflix’s 2025 Form 10-K annual report provides, for the first time, a breakdown of cash income taxes paid by jurisdiction. The report specifies individual countries for 2025, but does not present previous years in the same detailed format.
Country-level tax picture
In 2025, Netflix paid $2.22 billion of cash income taxes, net of refunds.
The company discloses the following breakdown for 2025:
Federal: $1.12 billion
State and local: $274 million
Brazil: $275 million
Korea: $195 million
All other foreign: $356 million
The filing does not name any other specific foreign jurisdictions beyond Brazil and Korea.
Concentration and scale
Cash taxes remain concentrated in the United States. Federal and state payments total about $1.39 billion, or roughly 63% of total cash taxes paid in 2025.
Brazil accounts for about $275 million, or roughly 12% of total cash taxes. Korea accounts for about 9%. All other foreign jurisdictions together represent about 16%.
Income before income taxes was $12.7 billion in 202…
