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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Netflix (NFLX) EBT Margin (2016 - 2025)

Netflix has reported EBT Margin over the past 17 years, most recently at 22.97% for Q4 2025.

  • Quarterly results put EBT Margin at 22.97% for Q4 2025, up 214.0% from a year ago — trailing twelve months through Dec 2025 was 28.16% (up 261.0% YoY), and the annual figure for FY2025 was 28.16%, up 261.0%.
  • EBT Margin for Q4 2025 was 22.97% at Netflix, down from 27.01% in the prior quarter.
  • Over the last five years, EBT Margin for NFLX hit a ceiling of 32.78% in Q2 2025 and a floor of 0.5% in Q4 2022.
  • Median EBT Margin over the past 5 years was 22.27% (2023), compared with a mean of 21.78%.
  • Biggest five-year swings in EBT Margin: surged 1460bps in 2021 and later crashed -716bps in 2023.
  • Netflix's EBT Margin stood at 7.15% in 2021, then plummeted by -93bps to 0.5% in 2022, then skyrocketed by 2495bps to 13.0% in 2023, then soared by 60bps to 20.83% in 2024, then increased by 10bps to 22.97% in 2025.
  • The last three reported values for EBT Margin were 22.97% (Q4 2025), 27.01% (Q3 2025), and 32.78% (Q2 2025) per Business Quant data.