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Netflix Executive Compensation (FY25)

NFLX · Los Gatos, CA · Executive and director compensation, fiscal 2022 to 2025

The Netflix brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 19, 2026Latest filing (8-K): June 5, 2026
9 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Netflix brief$1,500Get the executive brief
856 figures on this page: 852 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Ted Sarandos
Median of the other named officers
$15,400,781
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 4, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ted Sarandos: $61,922,397 → $53,905,972 (12.9% lower)
Say-on-pay support: 85.6% → 83.7% (1.9 points lower)
CEO pay ratio: 287:1 → 252:1 (12.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Netflix's chief executive and what were they paid?
Ted Sarandos was paid $53,905,972 in total compensation as co-Chief Executive Officer and President for fiscal 2025. Sarandos' total was 12.9% lower than the $61,922,397 reported for fiscal 2024.
What was Netflix's say-on-pay result?
Shareholders supported the say-on-pay proposal with 83.7% of votes cast for or against in favor at the meeting held June 4, 2026 for fiscal 2025.
Which companies are in Netflix's peer group?
Companies named in the disclosed peer group include Adobe, Inc., AT&T Inc., Booking Holdings Inc., Charter Communications, Inc. and Comcast Corporation, among others.
What is Netflix's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 252:1, against median employee compensation of $211,201.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Reed Hastings
co-Chief Executive Officer, President, and Chairperson of the Board
◇——◇——◇◇
Ted Sarandos
co-Chief Executive Officer and Chief Content Officer
◇——◇——◇◇
Greg Peters
Chief Operating Officer and Chief Product Officer
◇——◇——◇◇
Spencer Neumann
Chief Financial Officer
◇——◇——◇◇
David Hyman
Chief Legal Officer
◇——◇——◇◇
Rachel Whetstone
Chief Communications Officer
◇——◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ted Sarandos
co-Chief Executive Officer and President
◇——◇◇—◇◇
Greg Peters
co-Chief Executive Officer and President
◇——◇◇—◇◇
Spencer Neumann
Chief Financial Officer
◇——◇——◇◇
David Hyman
Chief Legal Officer
◇——◇——◇◇
Reed Hastings
Executive Chairman
◇——◇——◇◇
Rachel Whetstone
Chief Communications Officer
Departed during or after this year
◇——◇———◇
Sergio Ezama
Chief Talent Officer
Departed during or after this year
◇——◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ted Sarandos
co-Chief Executive Officer and President
◇—◇◇◇—◇◇
Greg Peters
co-Chief Executive Officer and President
◇—◇◇◇—◇◇
Spencer Neumann
Chief Financial Officer
◇—◇◇◇—◇◇
David Hyman
Chief Legal Officer
◇—◇◇◇—◇◇
Reed Hastings
Executive Chairman
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ted Sarandos
co-Chief Executive Officer and President
◇—◇—◇—◇◇
Greg Peters
co-Chief Executive Officer and President
◇—◇—◇—◇◇
Spencer Neumann
Chief Financial Officer
◇—◇—◇—◇◇
David Hyman
Chief Legal Officer
◇—◇—◇—◇◇
Clete Willems
Chief Global Affairs Officer
◇◇◇—◇—◇◇
Reed Hastings
Former Executive Chairman of the Board
Departed during or after this year
◇—◇◇——◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Clete WillemsPSU◇—◇◇◇—◇
Clete WillemsRSU◇——◇——◇
Clete WillemsRSU◇——◇——◇
David HymanPSU◇—◇◇◇—◇
David HymanRSU◇——◇——◇
Greg PetersPSU◇——◇——◇
Greg PetersRSU◇——◇——◇
Greg PetersPerformance-Based Cash Bonus———————
Reed HastingsOPTION◇——◇—◇◇
Reed HastingsOPTION◇——◇—◇◇
Reed HastingsOPTION◇——◇—◇◇
Reed HastingsOPTION◇——◇—◇◇
Reed HastingsOPTION◇——◇—◇◇
Reed HastingsPSU◇—◇◇◇—◇
Reed HastingsRSU◇——◇——◇
Reed HastingsOPTION◇——◇—◇◇
Reed HastingsOPTION◇——◇—◇◇
Reed HastingsOPTION◇——◇—◇◇
Spencer NeumannPSU◇—◇◇◇—◇
Spencer NeumannRSU◇——◇——◇
Ted SarandosRSU◇——◇——◇
Ted SarandosPSU◇——◇——◇
Ted SarandosPerformance-Based Cash Bonus———————
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Spencer NeumannRSU◇◇——
Option◇—◇7/1/2032
Option◇—◇1/4/2031
Option◇—◇6/1/2031
Option◇—◇4/1/2030
Option◇—◇1/2/2034
Option◇—◇3/2/2030
RSU◇◇——
Option◇—◇6/1/2032
Option◇—◇10/1/2030
Option◇—◇3/1/2032
Option◇—◇1/2/2030
Option◇—◇2/3/2030
Option◇—◇6/1/2033
Option◇—◇7/3/2033
Option◇—◇5/1/2030
Option◇—◇5/2/2032
RSU◇◇——
Option◇—◇8/3/2030
Option◇—◇9/1/2030
Option◇—◇12/1/2032
Option◇—◇1/3/2032
RSU◇◇——
Option◇—◇3/1/2031
Option◇—◇12/1/2030
Option◇—◇5/3/2031
Option◇—◇8/2/2031
Option◇—◇11/1/2033
Option◇—◇11/1/2031
Option◇—◇11/1/2032
Option◇—◇8/1/2033
Option◇—◇9/1/2033
Option◇—◇7/1/2031
Option◇—◇2/1/2031
Option◇—◇1/3/2033
Option◇—◇4/1/2031
Option◇—◇2/1/2032
Option◇—◇8/1/2032
Option◇—◇3/1/2033
Option◇—◇6/1/2030
Option◇—◇5/1/2033
Option◇—◇12/1/2033
Option◇—◇9/1/2032
Option◇—◇4/3/2033
Option◇—◇10/3/2032
Option◇—◇2/1/2033
Option◇—◇4/1/2032
Option◇—◇10/2/2033
Option◇—◇9/1/2031
Option◇—◇11/2/2030
Option◇—◇7/1/2030
Option◇—◇10/1/2031
Option◇—◇12/1/2031
Reed HastingsOption◇—◇6/1/2030
Option◇—◇7/1/2035
Option◇—◇12/2/2029
Option◇—◇4/2/2028
Option◇—◇1/4/2031
Option◇—◇8/1/2026
Option◇—◇2/1/2027
Option◇—◇6/1/2027
Option◇—◇10/3/2032
Option◇—◇11/1/2032
Option◇—◇1/3/2033
Option◇—◇5/1/2028
Option◇—◇6/3/2029
Option◇—◇8/1/2028
Option◇—◇4/1/2032
Option◇—◇3/2/2030
Option◇—◇6/1/2028
Option◇—◇7/1/2029
Option◇—◇5/1/2030
Option◇—◇11/2/2030
Option◇—◇8/3/2030
Option◇—◇3/1/2031
Option◇—◇9/1/2033
Option◇—◇12/1/2033
Option◇—◇1/2/2034
Option◇—◇6/2/2035
Option◇—◇3/1/2029
Option◇—◇11/1/2029
Option◇—◇11/1/2028
Option◇—◇9/1/2026
Option◇—◇11/1/2026
Option◇—◇10/1/2029
Option◇—◇4/1/2031
Option◇—◇12/1/2031
Option◇—◇5/2/2026
Option◇—◇8/1/2027
Option◇—◇12/1/2026
Option◇—◇3/1/2033
Option◇—◇7/1/2030
Option◇—◇11/3/2035
Option◇—◇10/2/2027
Option◇—◇2/1/2028
Option◇—◇2/3/2030
Option◇—◇3/1/2032
Option◇—◇2/1/2033
Option◇—◇2/1/2032
Option◇—◇9/1/2030
Option◇—◇1/3/2032
Option◇—◇6/1/2026
Option◇—◇5/2/2032
Option◇—◇8/1/2033
Option◇—◇9/1/2032
Option◇—◇9/1/2027
Option◇—◇7/2/2028
Option◇—◇12/1/2027
Option◇—◇11/1/2027
Option◇—◇1/2/2028
Option◇—◇10/1/2030
Option◇—◇1/2/2029
Option◇—◇6/1/2033
Option◇—◇9/3/2029
Option◇—◇7/1/2031
Option◇—◇10/1/2031
Option◇—◇12/1/2032
Option◇—◇12/3/2028
Option◇—◇3/1/2028
Option◇—◇5/1/2035
Option◇—◇11/1/2033
Option◇—◇8/1/2035
Option◇—◇2/1/2031
Option◇—◇8/1/2029
Option◇—◇10/1/2035
Option◇—◇9/2/2035
Option◇—◇12/1/2035
Option◇—◇1/2/2030
Option◇—◇2/1/2029
Option◇—◇4/1/2030
Option◇—◇7/3/2033
Option◇—◇5/1/2033
Option◇—◇7/1/2026
Option◇—◇6/1/2031
Option◇—◇10/3/2026
Option◇—◇7/1/2032
Option◇—◇6/1/2032
Option◇—◇1/3/2027
Option◇—◇4/1/2029
Option◇—◇9/1/2031
Option◇—◇4/3/2033
Option◇—◇12/1/2030
Option◇—◇3/1/2027
Option◇—◇5/3/2031
Option◇—◇7/3/2027
Option◇—◇8/1/2032
Option◇—◇4/3/2027
Option◇—◇9/4/2028
Option◇—◇5/1/2027
Option◇—◇5/1/2029
Option◇—◇10/2/2033
Option◇—◇10/1/2028
Option◇—◇8/2/2031
Option◇—◇11/1/2031
David HymanOption◇—◇5/1/2030
Option◇—◇8/2/2031
Option◇—◇5/3/2031
Option◇—◇7/1/2031
Option◇—◇10/1/2031
Option◇—◇11/1/2031
RSU◇◇——
RSU◇◇——
Option◇—◇10/1/2030
RSU◇◇——
Option◇—◇12/1/2030
Option◇—◇7/1/2030
Option◇—◇6/1/2030
RSU◇◇——
Option◇—◇11/2/2030
Option◇—◇1/4/2031
Option◇—◇6/1/2031
Option◇—◇8/3/2030
Option◇—◇2/1/2031
Option◇—◇4/1/2031
Option◇—◇3/1/2031
Option◇—◇9/1/2031
Option◇—◇9/1/2030
Option◇—◇12/1/2031
Greg PetersOption◇—◇3/1/2033
Option◇—◇12/1/2030
Option◇—◇8/1/2032
Option◇—◇3/1/2032
Option◇—◇5/2/2032
Option◇—◇8/3/2030
Option◇—◇6/1/2033
Option◇—◇1/4/2031
Option◇—◇12/1/2033
Option◇—◇5/1/2033
Option◇—◇10/2/2033
Option◇—◇11/1/2032
Option◇—◇1/3/2033
Option◇—◇8/1/2033
Option◇—◇7/3/2033
Option◇—◇12/1/2032
Option◇—◇11/2/2030
Option◇—◇8/2/2031
Option◇—◇10/1/2031
Option◇—◇12/1/2031
Option◇—◇4/1/2030
Option◇—◇2/1/2031
Option◇—◇5/1/2030
Option◇—◇6/1/2030
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇7/1/2030
Option◇—◇9/1/2031
Option◇—◇1/2/2034
Option◇—◇2/1/2033
Option◇—◇1/2/2030
RSU◇◇——
Option◇—◇7/1/2032
Option◇—◇9/1/2032
Option◇—◇7/1/2031
Option◇—◇6/1/2032
Option◇—◇11/1/2033
Option◇—◇4/1/2031
Option◇—◇3/1/2031
Option◇—◇4/3/2033
Option◇—◇11/1/2031
Option◇—◇9/1/2033
Option◇—◇2/1/2032
Option◇—◇9/1/2030
Option◇—◇10/3/2032
Option◇—◇4/1/2032
Option◇—◇6/1/2031
Option◇—◇2/3/2030
Option◇—◇1/3/2032
Option◇—◇3/2/2030
Option◇—◇10/1/2030
Option◇—◇5/3/2031
Ted SarandosOption◇—◇8/1/2032
Option◇—◇7/1/2031
Option◇—◇2/1/2031
Option◇—◇6/1/2030
Option◇—◇1/4/2031
Option◇—◇3/1/2033
Option◇—◇5/1/2033
Option◇—◇4/3/2033
Option◇—◇4/1/2032
Option◇—◇3/1/2032
Option◇—◇8/1/2028
Option◇—◇8/1/2033
Option◇—◇9/1/2033
Option◇—◇5/1/2030
Option◇—◇8/3/2030
Option◇—◇9/1/2032
Option◇—◇7/1/2030
Option◇—◇11/1/2031
Option◇—◇6/3/2029
Option◇—◇12/1/2030
Option◇—◇12/1/2031
Option◇—◇9/1/2031
RSU◇◇——
RSU◇◇——
Option◇—◇4/1/2031
Option◇—◇3/1/2031
RSU◇◇——
Option◇—◇6/1/2032
Option◇—◇10/2/2033
Option◇—◇4/1/2030
Option◇—◇2/1/2029
Option◇—◇6/1/2028
Option◇—◇3/1/2029
RSU◇◇——
Option◇—◇10/3/2032
Option◇—◇10/1/2028
Option◇—◇5/1/2029
Option◇—◇7/1/2029
Option◇—◇5/3/2031
Option◇—◇7/3/2033
Option◇—◇5/2/2032
Option◇—◇8/2/2031
Option◇—◇7/2/2028
Option◇—◇10/1/2031
Option◇—◇2/1/2033
Option◇—◇10/1/2030
Option◇—◇2/1/2032
Option◇—◇12/1/2033
Option◇—◇8/1/2029
Option◇—◇1/2/2034
Option◇—◇1/2/2030
Option◇—◇9/1/2030
Option◇—◇6/1/2033
Option◇—◇2/3/2030
Option◇—◇11/1/2032
Option◇—◇9/4/2028
Option◇—◇1/3/2033
Option◇—◇11/2/2030
Option◇—◇11/1/2033
Option◇—◇1/3/2032
Option◇—◇4/1/2029
Option◇—◇6/1/2031
Option◇—◇3/2/2030
Option◇—◇12/1/2032
Clete WillemsRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Clete Willems
Chief Global Affairs Officer · Severance agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
David Hyman
Chief Legal Officer · Severance agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Greg Peters
co-Chief Executive Officer and President · Severance agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Reed Hastings
Former Executive Chairman of the Board · Severance agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Spencer Neumann
Chief Financial Officer · Severance agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Ted Sarandos
co-Chief Executive Officer and President · Severance agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anne Sweeney
——◇———◇
Leslie Kilgore
——◇———◇
Ann Mather
——◇———◇
Strive Masiyiwa
——◇———◇
Jay C. Hoag
Lead independent director
——◇———◇
Richard Barton
——◇———◇
Mathias Döpfner
——◇———◇
Ambassador Susan Rice
◇—◇———◇
Timothy M. Haley
——◇———◇
Elinor Mertz
——◇———◇
Reed Hastings, Ted Sarandos, Greg Peters and Brad Smith served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board equity retainer◇
Total board retainer◇
Equity is delivered as Stock Options.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Adobe, Inc. ADBE
  • AT&T Inc. T
  • Booking Holdings Inc. BKNG
  • Charter Communications, Inc. CHTR
  • Comcast Corporation CMCSA
  • Electronic Arts Inc. EA
  • Fox Corporation FOXA
  • Mastercard Incorporated MA
  • Meta Platforms, Inc. META
  • Oracle Corporation ORCL
  • Paramount Global PARA
  • PayPal Holdings, Inc. PYPL
  • Salesforce, Inc. CRM
  • ServiceNow, Inc. NOW
  • Sirius XM Holdings, Inc. SIRI
  • Tesla, Inc. TSLA
  • The Walt Disney Company DIS
  • Verizon Communications Inc. VZ
  • Visa Inc. V
  • Warner Bros. Discovery WBD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 4, 2026=◇◇◇
2024June 5, 2025=◇◇◇
2023June 6, 2024=◇◇◇
2022June 1, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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Peer benchmarking
Where Netflix sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
856 figures on this page: 852 cited to the filing that reported them, 4 calculated from figures it prints.
852 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001065280-26-000189
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-159286
    CEO Pay Ratio · Director Compensation table · Grants of Plan-Based Awards · OUR BOARD OF DIRECTORS& · and 3 more sections
  3. 0001065280-25-000286
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-25-084425
    Summary Compensation Table
  5. 0001065280-24-000185
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-100913
    Summary Compensation Table
  7. 0001065280-23-000334
    Employment Agreement
  8. 0001065280-23-000173
  9. 0001193125-23-110513
    Summary Compensation Table
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Velarion, “Netflix executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NFLX (accessed 2026).
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Peers Netflix discloses

The companies named in NFLX's own disclosed peer group.

Adobe, Inc.AT&T Inc.Booking Holdings Inc.Charter Communications, Inc.Comcast CorporationElectronic Arts Inc.Fox CorporationMastercard IncorporatedMeta Platforms, Inc.Oracle CorporationParamount GlobalPayPal Holdings, Inc.Salesforce, Inc.ServiceNow, Inc.Sirius XM Holdings, Inc.Tesla, Inc.The Walt Disney CompanyVerizon Communications Inc.Visa Inc.Warner Bros. Discovery

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Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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