Netflix (NFLX) EBITDA (2009 - 2026)
Netflix (NFLX) posted quarterly EBITDA of $4.2 billion for Q2 2026, up 11.07% year-over-year from $3.8 billion in Q2 2025, and up 5.95% quarter-over-quarter from $4.0 billion in Q1 2026.
Netflix (NFLX) EBITDA (2009 - 2026) Analysis & Trends
Netflix's EBITDA history runs 18 years deep, the most recent figure standing at $4.2 billion for Q2 2026.
- In Q2 2026, EBITDA rose 11.07% year-over-year to $4.2 billion; the TTM figure through Jun 2026 stood at $14.4 billion (up 16.67% YoY), while the FY2025 annual figure was $13.3 billion, up 27.92% from the prior year.
- EBITDA for Q2 2026 stood at $4.2 billion, up from $4.0 billion in the prior quarter.
- The five-year high for EBITDA was $4.2 billion in Q2 2026, with the low at $549.9 million in Q4 2022.
- The 5-year median for EBITDA is $2.4 billion (2024), against an average of $2.5 billion.
- The sharpest annual moves came in 2022 and 2023: EBITDA declined 14.58% in 2022, then jumped 172.07% in 2023.
- Netflix's EBITDA stood at $549.9 million in 2022, then surged by 172.07% to $1.5 billion in 2023, then jumped by 51.91% to $2.3 billion in 2024, then surged by 30.09% to $3.0 billion in 2025, then soared by 41.8% to $4.2 billion in 2026.
- Business Quant data shows NFLX's EBITDA at $4.2 billion in Q2 2026, $4.0 billion in Q1 2026, and $3.0 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 4.19 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | -8.91 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 237.00 Mn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 521.92 Mn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 1.02 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 88.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 146.18 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 335.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 429.81 Mn |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | -1.29 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.19 Bn |
| Mar 31, 2026 | 3.96 Bn |
| Dec 31, 2025 | 2.96 Bn |
| Sep 30, 2025 | 3.25 Bn |
| Jun 30, 2025 | 3.77 Bn |
| Mar 31, 2025 | 3.35 Bn |
| Dec 31, 2024 | 2.27 Bn |
| Sep 30, 2024 | 2.91 Bn |
| Jun 30, 2024 | 2.60 Bn |
| Mar 31, 2024 | 2.63 Bn |
| Dec 31, 2023 | 1.50 Bn |
| Sep 30, 2023 | 1.92 Bn |
| Jun 30, 2023 | 1.83 Bn |
| Mar 31, 2023 | 1.71 Bn |
| Dec 31, 2022 | 549.90 Mn |
| Sep 30, 2022 | 1.53 Bn |
| Jun 30, 2022 | 1.58 Bn |
| Mar 31, 2022 | 1.97 Bn |
| Dec 31, 2021 | 631.77 Mn |
| Sep 30, 2021 | 1.76 Bn |