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) P/E ratio
As of 16 October 2026, Netflix, Inc. (NFLX) trades at a P/E ratio of 21.8×. Over the past ten years it has ranged from 7.2× (January 2015) to 412× (January 2016); the current reading is higher than 9% of that period. That is below the Entertainment industry median of 24.5× and above the Communication Services sector median of 16.7×.
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 |
|---|---|---|
| Jun 2026 | 22.1× | (27.47%) |
| Mar 2026 | 30.5× | (16.11%) |
| Dec 2025 | 36.3× | (25.82%) |
| Sep 2025 | 49.0× | (12.23%) |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| LYV Live Nation Entertainment, Inc. compare | n/m |
| FOX Fox Corporation compare | 14.9× |
| FOXA Fox Corporation compare | 16.7× |
| NFLX Netflix, Inc. | 21.8× |
| DIS The Walt Disney Company compare | 22.7× |
| TKO TKO Group Holdings, Inc. compare | 58.7× |
| ROKU Roku, Inc. compare | 64.4× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 80.0× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 87.3× |
| Entertainment industry median | 24.5× |
| Communication Services sector median | 16.7× |
| Market median | 18.1× |
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)
More on NFLX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- 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