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.
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Netflix, Inc. (NFLX) Net margin
Netflix, Inc.'s net margin over the twelve months to 30 June 2026 was 28.2%, up 3.9 percentage points from fiscal 2025 (24.3%). Over the past ten years it has ranged from 1.81% (fiscal 2015) to 24.3% (fiscal 2025) — the current reading is the highest in ten years. That is above the Entertainment industry median of 0.00% and above the Communication Services sector median of −1.79%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 24.3% | 1.96 |
| FY2024 | 22.3% | 6.30 |
| FY2023 | 16.0% | 1.83 |
| FY2022 | 14.2% | (3.02) |
| FY2021 | 17.2% | 6.18 |
| FY2020 | 11.1% | 1.79 |
| FY2019 | 9.26% | 1.59 |
| FY2018 | 7.67% | 2.89 |
| FY2017 | 4.78% | 2.67 |
| FY2016 | 2.11% | 0.30 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 27.1% | (16.05) |
| Mar 2026 | 43.1% | 23.06 |
| Dec 2025 | 20.1% | (2.06) |
| Sep 2025 | 22.1% | (6.08) |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| NFLX Netflix, Inc. | 28.2% |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 18.2% |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 18.2% |
| FOXA Fox Corporation compare | 9.84% |
| FOX Fox Corporation compare | 9.84% |
| DIS The Walt Disney Company compare | 8.70% |
| ROKU Roku, Inc. compare | 6.82% |
| TKO TKO Group Holdings, Inc. compare | 4.33% |
| LYV Live Nation Entertainment, Inc. compare | −1.58% |
| Entertainment industry median | 0.00% |
| Communication Services sector median | −1.79% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
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