Netflix Inc (NFLX) EBITDA Margin (2009 - 2026)
Netflix's EBITDA Margin came in at 34.18% for Q2 2026, down 0.61 percentage points from 34.79% a year earlier but up 1.07 percentage points from the prior quarter.
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Netflix Inc (NFLX) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Netflix reported EBITDA Margin of 30.45%, up 0.17 percentage points year-over-year; for FY2025, it was 30.23%, up 2.68 percentage points from FY2024.
- EBITDA Margin has increased in each of the last three years, with a five-year change of +11.43 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 27.55% in FY2024 (+5.88 pp), 21.68% in FY2023 (+2.80 pp), 18.88% in FY2022 (-2.68 pp) and 21.56% in FY2021 (+2.75 pp).
- The five-year range for quarterly EBITDA Margin is 8.19% (Q4 2022) to 34.79% (Q2 2025).
- Year-over-year, EBITDA Margin increased in six of the last eight quarters, with an average year-over-year change of +2.87 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2023 (a gain of 9.73 percentage points), and the weakest in Q4 2021 (a drop of 5.82 percentage points).
- Business Quant data shows NFLX's EBITDA Margin at 33.11% (Q1 2026), 25.25% (Q4 2025) and 28.98% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.18% |
| Mar 31, 2026 | 33.11% |
| Dec 31, 2025 | 25.25% |
| Sep 30, 2025 | 28.98% |
| Jun 30, 2025 | 34.79% |
| Mar 31, 2025 | 32.51% |
| Dec 31, 2024 | 22.96% |
| Sep 30, 2024 | 30.44% |
| Jun 30, 2024 | 28.08% |
| Mar 31, 2024 | 29.02% |
| Dec 31, 2023 | 17.92% |
| Sep 30, 2023 | 23.50% |
| Jun 30, 2023 | 23.41% |
| Mar 31, 2023 | 22.11% |
| Dec 31, 2022 | 8.19% |
| Sep 30, 2022 | 20.42% |
| Jun 30, 2022 | 20.85% |
| Mar 31, 2022 | 26.01% |
| Dec 31, 2021 | 9.02% |
| Sep 30, 2021 | 24.39% |
API Access
Netflix Inc EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NFLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();