Netflix (NFLX) Debt to Equity (2009 - 2026)

Netflix's Debt to Equity history runs 18 years deep, the most recent figure standing at $0.46 for Q1 2026.

• In Q1 2026, Debt to Equity fell 26.18% year-over-year to $0.46; the TTM figure through Mar 2026 stood at $0.46 (down 26.18% YoY), while the FY2025 annual figure was $0.54, down 13.71% from the prior year.
• Debt to Equity was $0.46 for Q1 2026 at Netflix, down from $0.54 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $0.83 in Q1 2022 to a low of $0.46 in Q1 2026.
• Historically, Debt to Equity has averaged $0.65 across 5 years, with a median of $0.65 in 2023.
• The sharpest annual moves came in 2022 and 2024: Debt to Equity tumbled 33.8% in 2022, then climbed 8.74% in 2024.
• A 5-year view of Debt to Equity shows it stood at $0.69 in 2022, then advanced by 2.26% to $0.71 in 2023, then retreated by 10.85% to $0.63 in 2024, then retreated by 13.71% to $0.54 in 2025, then decreased 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.