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Saturday 17 October 2026 Export NFLX’s income statement to Excel — free account

Netflix, Inc.

NFLX Communication Services Entertainment

Netflix, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $45.2 billion, up 15.9% from fiscal 2024. In the quarter to June 2026, revenue grew 13.4%, EPS grew 10.2%, free cash flow fell 32.7% and total debt fell 18.2%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three.

70.53 2.08 −2.86%
Market cap
$302.3B
P/E
21.8×
Fwd P/E
22.9×
Dividend yield
—
F-score
7/9
Altman Z
10.96
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Netflix, Inc. (NFLX) Gross margin

Alert me on Gross margin

Netflix, Inc.'s gross margin over the twelve months to 30 June 2026 was 49.1%, up 0.6 percentage points from fiscal 2025 (48.5%). Over the past ten years it has ranged from 29.1% (fiscal 2016) to 48.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Entertainment industry median of 44.9% and below the Communication Services sector median of 53.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 48.5% 2.43
FY2024 46.1% 4.52
FY2023 41.5% 2.17
FY2022 39.4% (2.27)
FY2021 41.6% 2.75
FY2020 38.9% 0.61
FY2019 38.3% 1.39
FY2018 36.9% 5.59
FY2017 31.3% 2.16
FY2016 29.1% (3.13)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 51.9% 0.00
Mar 2026 51.9% 6.06
Dec 2025 45.9% (0.58)
Sep 2025 46.5% (5.48)
42 more quarters

Against its own ten years

Low 29.1% High 48.5%
Ten-year median 38.9%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
TKO TKO Group Holdings, Inc. compare 59.5%
NFLX Netflix, Inc. 49.1%
ROKU Roku, Inc. compare 45.5%
DIS The Walt Disney Company compare 37.6%
FOXA Fox Corporation compare 36.6%
FOX Fox Corporation compare 36.6%
LYV Live Nation Entertainment, Inc. compare 25.8%
FWONK Liberty Media Corporation - Liberty Formula One Series C compare 19.5%
FWONA Liberty Media Corporation - Liberty Formula One Series A compare 19.5%
Entertainment industry median 44.9%
Communication Services sector median 53.1%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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