Netflix (NFLX) EBT Margin (2009 - 2026)
Netflix (NFLX) posted quarterly EBT Margin of 32.39% for Q2 2026, down 39.0% year-over-year from 53.1% in Q2 2025, and down 39.39% quarter-over-quarter from 53.45% in Q1 2026.
Netflix (NFLX) EBT Margin (2009 - 2026) Analysis & Trends
Netflix's EBT Margin history runs 18 years deep, the most recent figure standing at 32.39% for Q2 2026.
- In Q2 2026, EBT Margin fell 39.0% year-over-year to 32.39%; the TTM figure through Jun 2026 stood at 34.1% (up 608.0% YoY), while the FY2025 annual figure was 28.16%, up 261.0% from the prior year.
- EBT Margin for Q2 2026 stood at 32.39%, down from 53.45% in the prior quarter.
- The five-year high for EBT Margin was 53.45% in Q1 2026, with the low at 0.5% in Q4 2022.
- The 5-year median for EBT Margin is 24.06% (2022), against an average of 24.55%.
- The sharpest annual moves came in 2023 and 2026: EBT Margin plunged 716 bps in 2023, then soared 2296 bps in 2026.
- Netflix's EBT Margin stood at 0.5% in 2022, then surged by 2495 bps to 13.0% in 2023, then jumped by 60 bps to 20.83% in 2024, then climbed by 10 bps to 22.97% in 2025, then soared by 41 bps to 32.39% in 2026.
- Business Quant data shows NFLX's EBT Margin at 32.39% in Q2 2026, 53.45% in Q1 2026, and 22.97% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 32.39% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 14.44% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | -3.11% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 6.76% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 21.87% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 3.53% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 12.50% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 11.90% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 23.37% |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 18.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.39% |
| Mar 31, 2026 | 53.45% |
| Dec 31, 2025 | 22.97% |
| Sep 30, 2025 | 27.01% |
| Jun 30, 2025 | 32.78% |
| Mar 31, 2025 | 30.48% |
| Dec 31, 2024 | 20.83% |
| Sep 30, 2024 | 27.51% |
| Jun 30, 2024 | 26.30% |
| Mar 31, 2024 | 27.90% |
| Dec 31, 2023 | 13.00% |
| Sep 30, 2023 | 22.35% |
| Jun 30, 2023 | 20.51% |
| Mar 31, 2023 | 18.00% |
| Dec 31, 2022 | 0.50% |
| Sep 30, 2022 | 20.46% |
| Jun 30, 2022 | 20.36% |
| Mar 31, 2022 | 25.16% |
| Dec 31, 2021 | 7.15% |
| Sep 30, 2021 | 22.20% |