Netflix (NFLX) Debt to Equity (2009 - 2026)
Netflix's quarterly Debt to Equity came in at $0.46 in Q1 2026, down 26.18% year-on-year from $0.62 in Q1 2025, and down 15.1% quarter-over-quarter from $0.54 in Q4 2025.
Netflix has reported Debt to Equity for 18 years, with the latest figure at $0.46 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity fell 26.18% year-over-year to $0.46; the trailing twelve-month figure through Mar 2026 stood at $0.46 (down 26.18% YoY), and the FY2025 full-year result was $0.54, down 13.71% from the prior year.
- Debt to Equity for Q1 2026 stood at $0.46, down from $0.54 in the prior quarter.
- The five-year high for Debt to Equity was $0.83 in Q1 2022, with the low at $0.46 in Q1 2026.
- Average Debt to Equity over 5 years is $0.65, with a median of $0.65 recorded in 2023.
- Year-over-year, Debt to Equity tumbled 33.8% in 2022 and increased 8.74% in 2024.
- Tracing NFLX's Debt to Equity over 5 years: stood at $0.69 in 2022, then climbed by 2.26% to $0.71 in 2023, then decreased by 10.85% to $0.63 in 2024, then decreased by 13.71% to $0.54 in 2025, then slipped by 15.1% to $0.46 in 2026.
- The last three Debt to Equity figures came in at $0.46 (Q1 2026), $0.54 (Q4 2025), and $0.56 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 0.46 |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 0.41 |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | 0.96 |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | -61.05 |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 0.60 |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 0.65 |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | - |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 0.21 |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 0.55 |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | 1.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.46 |
| Dec 31, 2025 | 0.54 |
| Sep 30, 2025 | 0.56 |
| Jun 30, 2025 | 0.58 |
| Mar 31, 2025 | 0.62 |
| Dec 31, 2024 | 0.63 |
| Sep 30, 2024 | 0.70 |
| Jun 30, 2024 | 0.63 |
| Mar 31, 2024 | 0.66 |
| Dec 31, 2023 | 0.71 |
| Sep 30, 2023 | 0.65 |
| Jun 30, 2023 | 0.63 |
| Mar 31, 2023 | 0.66 |
| Dec 31, 2022 | 0.69 |
| Sep 30, 2022 | 0.68 |
| Jun 30, 2022 | 0.75 |
| Mar 31, 2022 | 0.83 |
| Dec 31, 2021 | 0.97 |
| Sep 30, 2021 | 1.01 |
| Jun 30, 2021 | 1.13 |
| Mar 31, 2021 | 1.21 |
| Dec 31, 2020 | 1.47 |
| Sep 30, 2020 | 1.55 |
| Jun 30, 2020 | 1.69 |
| Mar 31, 2020 | 1.74 |
| Dec 31, 2019 | 1.95 |
| Sep 30, 2019 | 1.81 |
| Jun 30, 2019 | 2.06 |
| Mar 31, 2019 | 1.81 |
| Dec 31, 2018 | 1.98 |
| Sep 30, 2018 | 1.66 |
| Jun 30, 2018 | 1.86 |
| Mar 31, 2018 | 1.63 |
| Dec 31, 2017 | 1.81 |
| Sep 30, 2017 | 1.47 |
| Jun 30, 2017 | -154.19 |
| Mar 31, 2017 | -7,130.15 |
| Dec 31, 2016 | 1.26 |
| Sep 30, 2016 | 0.94 |
| Jun 30, 2016 | 0.98 |
| Mar 31, 2016 | 1.02 |
| Dec 31, 2015 | 1.07 |
| Sep 30, 2015 | 1.11 |
| Jun 30, 2015 | 1.18 |
| Mar 31, 2015 | 1.26 |
| Dec 31, 2014 | 0.48 |
| Sep 30, 2014 | 0.52 |
| Jun 30, 2014 | 0.56 |
| Mar 31, 2014 | 0.61 |
| Dec 31, 2013 | 0.37 |
| Sep 30, 2013 | 0.42 |
| Mar 31, 2013 | 0.62 |
| Dec 31, 2012 | 0.27 |
| Sep 30, 2012 | 0.28 |
| Jun 30, 2012 | 0.29 |
| Mar 31, 2012 | 0.30 |
| Dec 31, 2011 | 0.31 |
| Sep 30, 2011 | 0.52 |
| Jun 30, 2011 | 0.11 |
| Mar 31, 2011 | 0.73 |
| Dec 31, 2010 | 0.70 |
| Sep 30, 2010 | 0.19 |
| Jun 30, 2010 | 0.21 |
| Mar 31, 2010 | 1.38 |
| Dec 31, 2009 | 1.01 |
| Sep 30, 2009 | 0.16 |
| Jun 30, 2009 | 0.12 |