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.

Revenue
+11.9%
EPS
+48.3%
Free cash flow
+8.38%
Total debt
−12.5%

Quarter to September 2026, against a year earlier

64.16 1.40 −2.14%
Market cap
$269.2B
P/E
18.6×
Fwd P/E
17.3×
Dividend yield
—
F-score
7/9
Altman Z
10.96
Beneish M
n/a
Dividend safety
n/a

Netflix, Inc. (NFLX) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Netflix, Inc. (NFLX) trades at a P/E ratio of 18.6×. Over the past ten years it has ranged from 7.2× (January 2015) to 412× (January 2016); the current reading is higher than 6% of that period. That is below the Entertainment industry median of 24.2× and above the Communication Services sector median of 15.1×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 36.3× (17.34%)
FY2024 43.9× 14.73%
FY2023 38.3× 31.15%
FY2022 29.2× (44.05%)
FY2021 52.2× (39.56%)
FY2020 86.4× 13.97%
FY2019 75.8× (21.30%)
FY2018 96.3× (38.23%)
FY2017 156× (46.20%)
FY2016 290× (27.56%)

Quarterly newest first

Period P/E ratio Change
Sep 2026 19.8× (10.58%)
Jun 2026 22.1× (27.47%)
Mar 2026 30.5× (16.11%)
Dec 2025 36.3× (25.82%)
43 more quarters

Against its own ten years

Low 7.2× High 412×
Ten-year median 55.2×
Current reading's percentile 2

P/E ratio against peers

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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