Aug. 28 at 5:29 PM
$NFLX Using Netflix’s
$27.1B remaining repurchase authorization at the end of Q2 2026, and NFLX around
$81.60/share today as base and remembering Netflix repurchased
$4.7B in Q2 alone, buyback math at
$81.60/share:
$27.1B÷
$81.60=332.1M shares
Netflix currently has roughly 4.16B shares outstanding.
So if they spent the entire authorization at
$81.60:
Shares retired: ~332M
Shares outstanding: ~4.16B → ~3.83B
Reduction in share count: ~8.0%
Mechanical EPS accretion: ~8.7%, assuming earnings stay constant
That's a meaningful tailwind. Very prone to close the
$106 gap.
