Netflix, Inc. NFLX
71.15
(0.57)
(0.79%)
as of 25 Sep
- Market cap
- $298.1B
- P/E
- 22.0×
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Netflix, Inc. (NFLX) 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 45.0% and below the Communication Services sector median of 53.1%.
Gross margin, annual
Annual
| 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
| 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 | Free account |
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% |
| WBD Warner Bros. Discovery, Inc. compare | 47.3% |
| 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 | 45.0% |
| Communication Services sector median | 53.1% |
| Market median | 46.3% |
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
More on NFLX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement