Netflix (NFLX) Debt Ratio (2009 - 2026)

Netflix's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.24 for Q1 2026.

• In Q1 2026, Debt Ratio fell 18.36% year-over-year to 0.24; the TTM figure through Mar 2026 stood at 0.24 (down 18.36% YoY), while the FY2025 annual figure was 0.26, down 10.47% from the prior year.
• Debt Ratio was 0.24 for Q1 2026 at Netflix, down from 0.26 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.32 in Q1 2022 to a low of 0.24 in Q1 2026.
• Historically, Debt Ratio has averaged 0.29 across 5 years, with a median of 0.29 in 2023.
• The sharpest annual moves came in 2022 and 2024: Debt Ratio fell 19.49% in 2022, then advanced 5.81% in 2024.
• A 5-year view of Debt Ratio shows it stood at 0.3 in 2022, then advanced by 1.04% to 0.3 in 2023, then dropped by 2.64% to 0.29 in 2024, then slipped by 10.47% to 0.26 in 2025, then retreated by 9.53% to 0.24 in 2026.
• The last three Debt Ratio figures came in at 0.24 (Q1 2026), 0.26 (Q4 2025), and 0.26 (Q3 2025), per Business Quant data.