Netflix (NFLX) EBITDA (2009 - 2026)

Netflix's EBITDA history runs 18 years deep, the most recent figure standing at $4.0 billion for Q1 2026.

• In Q1 2026, EBITDA rose 18.23% year-over-year to $4.0 billion; the TTM figure through Mar 2026 stood at $13.9 billion (up 25.19% YoY), while the FY2025 annual figure was $13.3 billion, up 27.92% from the prior year.
• EBITDA was $4.0 billion for Q1 2026 at Netflix, up from $3.0 billion in the prior quarter.
• In the past five years, EBITDA ranged from a high of $4.0 billion in Q1 2026 to a low of $549.9 million in Q4 2022.
• Historically, EBITDA has averaged $2.4 billion across 5 years, with a median of $2.3 billion in 2024.
• The sharpest annual moves came in 2022 and 2023: EBITDA fell 14.58% in 2022, then surged 172.07% in 2023.
• A 5-year view of EBITDA shows it stood at $549.9 million in 2022, then soared by 172.07% to $1.5 billion in 2023, then surged by 51.91% to $2.3 billion in 2024, then soared by 30.09% to $3.0 billion in 2025, then surged by 33.83% to $4.0 billion in 2026.
• The last three EBITDA figures came in at $4.0 billion (Q1 2026), $3.0 billion (Q4 2025), and $3.2 billion (Q3 2025), per Business Quant data.