Netflix (NFLX) Enterprise Value (2009 - 2026)
Netflix's Enterprise Value was $277.5 billion in Q3 2026, down 44.4% from $498.69 billion a year earlier and down 3.7% from the prior quarter.
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Analysis
Netflix (NFLX) Enterprise Value (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Netflix's Enterprise Value was $247.02 billion through Sep 30, 2026, down 47.7% year-over-year; for FY2025, it came in at $386.81 billion, up 4.1% from FY2024.
- Enterprise Value has now increased for three consecutive years, with a five-year compound annual growth rate of 10.8% (FY2020 to FY2025).
- In earlier years, Enterprise Value was $371.68 billion in FY2024 (+82.6%), $203.57 billion in FY2023 (+62.5%), $125.27 billion in FY2022 (-52.1%) and $261.42 billion in FY2021 (+13.0%).
- The Q3 2026 figure marks the lowest quarterly Enterprise Value since Q1 2024.
- Compared with a year earlier, Enterprise Value was higher in six of the last eight quarters, with growth averaging 26.9%.
- The best year-over-year quarter for Enterprise Value over five years was Q2 2023 (growth of 159.4%); the worst was Q2 2022 (a decline of 68.2%).
- Per Business Quant data, NFLX's Enterprise Value in the three quarters before Q3 2026 was $288.18 billion (Q2 2026), $392.77 billion (Q1 2026) and $386.81 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 277.50 Bn |
| Jun 30, 2026 | 288.18 Bn |
| Mar 31, 2026 | 392.77 Bn |
| Dec 31, 2025 | 386.81 Bn |
| Sep 30, 2025 | 498.69 Bn |
| Jun 30, 2025 | 560.63 Bn |
| Mar 31, 2025 | 388.58 Bn |
| Dec 31, 2024 | 371.68 Bn |
| Sep 30, 2024 | 293.97 Bn |
| Jun 30, 2024 | 282.99 Bn |
| Mar 31, 2024 | 254.68 Bn |
| Dec 31, 2023 | 203.57 Bn |
| Sep 30, 2023 | 157.40 Bn |
| Jun 30, 2023 | 186.63 Bn |
| Mar 31, 2023 | 145.76 Bn |
| Dec 31, 2022 | 125.27 Bn |
| Sep 30, 2022 | 98.64 Bn |
| Jun 30, 2022 | 71.96 Bn |
| Mar 31, 2022 | 160.42 Bn |
| Dec 31, 2021 | 261.42 Bn |
API Access
Netflix Enterprise Value 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=enterprise-value&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();