Netflix (NFLX) EBIT Margin (2009 - 2026)
Netflix's quarterly EBIT Margin came in at 32.3% in Q1 2026, up 56.0% year-on-year from 20.71% in Q1 2025, and up 31.66% quarter-over-quarter from 24.54% in Q4 2025.
Netflix has reported EBIT Margin for 18 years, with the latest figure at 32.3% in Q1 2026.
- For the quarter ending Q1 2026, EBIT Margin rose 56.0% year-over-year to 32.3%; the trailing twelve-month figure through Mar 2026 stood at 29.72% (up 201.0% YoY), and the FY2025 full-year result was 29.49%, up 278.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 32.3%, up from 24.54% in the prior quarter.
- The five-year high for EBIT Margin was 34.07% in Q2 2025, with the low at 7.0% in Q4 2022.
- Average EBIT Margin over 5 years is 24.23%, with a median of 24.54% recorded in 2025.
- Year-over-year, EBIT Margin plunged 536 bps in 2022 and soared 993 bps in 2023.
- Tracing NFLX's EBIT Margin over 5 years: stood at 7.0% in 2022, then surged by 142 bps to 16.94% in 2023, then surged by 31 bps to 22.18% in 2024, then gained by 11 bps to 24.54% in 2025, then soared by 32 bps to 32.3% in 2026.
- The last three EBIT Margin figures came in at 32.3% (Q1 2026), 24.54% (Q4 2025), and 28.22% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 32.30% |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 9.16% |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -27.76% |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | -9.77% |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 5.91% |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 9.00% |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 4.15% |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 8.65% |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 21.20% |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | -92.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.30% |
| Dec 31, 2025 | 24.54% |
| Sep 30, 2025 | 28.22% |
| Jun 30, 2025 | 34.07% |
| Mar 31, 2025 | 31.75% |
| Dec 31, 2024 | 22.18% |
| Sep 30, 2024 | 29.61% |
| Jun 30, 2024 | 27.23% |
| Mar 31, 2024 | 28.09% |
| Dec 31, 2023 | 16.94% |
| Sep 30, 2023 | 22.44% |
| Jun 30, 2023 | 22.32% |
| Mar 31, 2023 | 21.00% |
| Dec 31, 2022 | 7.00% |
| Sep 30, 2022 | 19.34% |
| Jun 30, 2022 | 19.80% |
| Mar 31, 2022 | 25.06% |
| Dec 31, 2021 | 8.19% |
| Sep 30, 2021 | 23.46% |
| Jun 30, 2021 | 25.17% |
| Mar 31, 2021 | 27.36% |
| Dec 31, 2020 | 14.36% |
| Sep 30, 2020 | 20.43% |
| Jun 30, 2020 | 22.09% |
| Mar 31, 2020 | 16.61% |
| Dec 31, 2019 | 8.39% |
| Sep 30, 2019 | 18.69% |
| Jun 30, 2019 | 14.35% |
| Mar 31, 2019 | 10.15% |
| Dec 31, 2018 | 5.15% |
| Sep 30, 2018 | 12.02% |
| Jun 30, 2018 | 11.83% |
| Mar 31, 2018 | 12.07% |
| Dec 31, 2017 | 7.47% |
| Sep 30, 2017 | 6.99% |
| Jun 30, 2017 | 4.59% |
| Mar 31, 2017 | 9.75% |
| Dec 31, 2016 | 6.21% |
| Sep 30, 2016 | 4.63% |
| Jun 30, 2016 | 3.34% |
| Mar 31, 2016 | 2.53% |
| Dec 31, 2015 | 3.28% |
| Sep 30, 2015 | 4.24% |
| Jun 30, 2015 | 4.55% |
| Mar 31, 2015 | 6.20% |
| Dec 31, 2014 | 4.38% |
| Sep 30, 2014 | 7.83% |
| Jun 30, 2014 | 9.67% |
| Mar 31, 2014 | 7.68% |
| Dec 31, 2013 | 7.00% |
| Sep 30, 2013 | 5.16% |
| Jun 30, 2013 | 5.34% |
| Mar 31, 2013 | 3.11% |
| Dec 31, 2012 | 2.08% |
| Sep 30, 2012 | 1.78% |
| Jun 30, 2012 | 1.82% |
| Mar 31, 2012 | -0.22% |
| Dec 31, 2011 | 7.07% |
| Sep 30, 2011 | 11.78% |
| Jun 30, 2011 | 14.60% |
| Mar 31, 2011 | 14.23% |
| Dec 31, 2010 | 13.16% |
| Sep 30, 2010 | 12.56% |
| Jun 30, 2010 | 14.88% |
| Mar 31, 2010 | 11.82% |
| Dec 31, 2009 | -16.04% |
| Sep 30, 2009 | 11.66% |
| Jun 30, 2009 | 12.92% |
| Mar 31, 2009 | 9.25% |