stockrowNetflix, 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.
- Revenue
- +11.9%
- EPS
- +48.3%
- Free cash flow
- +8.38%
- Total debt
- −12.5%
Quarter to September 2026, against a year earlier
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Netflix, Inc. (NFLX) Operating margin
Netflix, Inc.'s operating margin over the twelve months to 30 September 2026 was 31.3%, up 1.8 percentage points from fiscal 2025 (29.5%). Over the past ten years it has ranged from 4.30% (fiscal 2016) to 29.5% (fiscal 2025) — the current reading is the highest in ten years. That is above the Entertainment industry median of 2.30% and above the Communication Services sector median of 0.94%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 29.5% | 2.78 |
| FY2024 | 26.7% | 6.09 |
| FY2023 | 20.6% | 2.80 |
| FY2022 | 17.8% | (3.04) |
| FY2021 | 20.9% | 2.52 |
| FY2020 | 18.3% | 5.42 |
| FY2019 | 12.9% | 2.76 |
| FY2018 | 10.2% | 2.99 |
| FY2017 | 7.17% | 2.87 |
| FY2016 | 4.30% | (0.21) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 34.6% | 1.25 |
| Jun 2026 | 33.4% | 1.08 |
| Mar 2026 | 32.3% | 7.76 |
| Dec 2025 | 24.5% | (3.68) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| NFLX Netflix, Inc. | 31.3% |
| FOXA Fox Corporation compare | 22.6% |
| FOX Fox Corporation compare | 22.6% |
| TKO TKO Group Holdings, Inc. compare | 18.8% |
| DIS The Walt Disney Company compare | 13.7% |
| SKYD Skydance Corporation compare | 3.70% |
| LYV Live Nation Entertainment, Inc. compare | 3.23% |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 0.00% |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 0.00% |
| Entertainment industry median | 2.30% |
| Communication Services sector median | 0.94% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
- EV/FCF
- 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
- Piotroski F-score
- Altman Z-score
- The full statement