Netflix (NFLX) EBT Margin (2009 - 2026)

Netflix has reported EBT Margin for 18 years, with the latest figure at 32.39% in Q2 2026.

• On a quarterly basis, EBT Margin fell 39.0% year-over-year to 32.39% in Q2 2026; TTM through Jun 2026 was 34.1%, a 608.0% increase from a year earlier, with the FY2025 full-year figure at 28.16%, up 261.0% from the prior year.
• EBT Margin was 32.39% for Q2 2026 at Netflix, 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.
• Average EBT Margin over 5 years is 24.55%, with a median of 24.06% recorded in 2022.
• The sharpest annual moves came in 2023 and 2026: EBT Margin plunged 716 bps in 2023, then surged 2296 bps in 2026.
• Over 5 years, EBT Margin stood at 0.5% in 2022, then jumped by 2495 bps to 13.0% in 2023, then soared by 60 bps to 20.83% in 2024, then increased by 10 bps to 22.97% in 2025, then surged by 41 bps to 32.39% in 2026.
• The last three EBT Margin figures came in at 32.39% (Q2 2026), 53.45% (Q1 2026), and 22.97% (Q4 2025), per Business Quant data.