Netflix (NFLX) EBT Margin (2009 - 2026)

Netflix's EBT Margin history runs 18 years deep, the most recent figure standing at 53.45% for Q1 2026.

• In Q1 2026, EBT Margin rose 2296.0% year-over-year to 53.45%; the TTM figure through Mar 2026 stood at 34.24% (up 794.0% YoY), while the FY2025 annual figure was 28.16%, up 261.0% from the prior year.
• EBT Margin was 53.45% for Q1 2026 at Netflix, up from 22.97% in the prior quarter.
• In the past five years, EBT Margin ranged from a high of 53.45% in Q1 2026 to a low of 0.5% in Q4 2022.
• Historically, EBT Margin has averaged 24.09% across 5 years, with a median of 22.97% in 2025.
• The sharpest annual moves came in 2023 and 2026: EBT Margin sank 716 bps in 2023, then jumped 2296 bps in 2026.
• A 5-year view of EBT Margin shows it stood at 0.5% in 2022, then soared by 2495 bps to 13.0% in 2023, then surged by 60 bps to 20.83% in 2024, then grew by 10 bps to 22.97% in 2025, then surged by 133 bps to 53.45% in 2026.
• The last three EBT Margin figures came in at 53.45% (Q1 2026), 22.97% (Q4 2025), and 27.01% (Q3 2025), per Business Quant data.