Growth Metrics

Netflix (NFLX) EBITDA Margin (2016 - 2025)

Netflix (NFLX) has 17 years of EBITDA Margin data on record, last reported at 24.54% in Q4 2025.

  • For Q4 2025, EBITDA Margin rose 120456.0% year-over-year to 24.54%; the TTM value through Dec 2025 reached 58.53%, down 5952.0%, while the annual FY2025 figure was 29.49%, 278.0% up from the prior year.
  • EBITDA Margin reached 24.54% in Q4 2025 per NFLX's latest filing, up from 1853.03% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 34.07% in Q2 2025 and bottomed at 1853.03% in Q3 2025.
  • Average EBITDA Margin over 5 years is 382.46%, with a median of 20.4% recorded in 2022.
  • The widest YoY moves for EBITDA Margin: up 158351bps in 2025, down -184542bps in 2025.
  • A 5-year view of EBITDA Margin shows it stood at 8.19% in 2021, then dropped by -15bps to 7.0% in 2022, then skyrocketed by 142bps to 16.94% in 2023, then plummeted by -7067bps to 1180.03% in 2024, then skyrocketed by 102bps to 24.54% in 2025.
  • Per Business Quant database, its latest 3 readings for EBITDA Margin were 24.54% in Q4 2025, 1853.03% in Q3 2025, and 34.07% in Q2 2025.