Netflix (NFLX) EV to EBIT (2009 - 2026)
Netflix's EV to EBIT was 20.08 in Q2 2026, down 55.9% from 45.56 a year earlier and down 28.8% from the prior quarter.
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Analysis
Netflix (NFLX) EV to EBIT (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Netflix's EV to EBIT was 17.94 through Jun 30, 2026, down 58.6% year-over-year; for FY2025, it came in at 29.03, down 18.6% from FY2024.
- In earlier years, EV to EBIT was 35.68 in FY2024 (+21.9%), 29.27 in FY2023 (+31.6%), 22.24 in FY2022 (-47.3%) and 42.20 in FY2021 (-16.3%).
- The Q2 2026 figure marks the lowest quarterly EV to EBIT since Q3 2022.
- Compared with a year earlier, EV to EBIT has declined for three straight quarters, with growth averaging 2.6% over the last eight quarters.
- The best year-over-year quarter for EV to EBIT over five years was Q2 2023 (growth of 173.8%); the worst was Q2 2022 (a decline of 67.4%).
- Per Business Quant data, NFLX's EV to EBIT in the three quarters before Q2 2026 was 28.18 (Q1 2026), 29.03 (Q4 2025) and 39.44 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,139.30 Bn | 3,896.82 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,802.48 Bn | 1,505.00 Bn | 49.47 Bn |
| 3 | Netflix | 295.38 Bn | 255.58 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 253.00 Bn | 66.78 Bn | 15.11 Bn |
| 5 | Shopify | 219.40 Bn | 196.59 Bn | 1.71 Bn |
| 6 | Uber Technologies | 143.37 Bn | 115.17 Bn | 6.38 Bn |
| 7 | Booking Holdings | 125.53 Bn | 58.58 Bn | - |
| 8 | PDD Holdings | 113.03 Bn | -130.74 Bn | 9.45 Bn |
| 9 | Spotify Technology | 108.69 Bn | 66.19 Bn | 1.86 Bn |
| 10 | Airbnb | 102.92 Bn | 56.15 Bn | 2.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.08 |
| Mar 31, 2026 | 28.18 |
| Dec 31, 2025 | 29.03 |
| Sep 30, 2025 | 39.44 |
| Jun 30, 2025 | 45.56 |
| Mar 31, 2025 | 34.91 |
| Dec 31, 2024 | 35.68 |
| Sep 30, 2024 | 30.49 |
| Jun 30, 2024 | 32.72 |
| Mar 31, 2024 | 32.35 |
| Dec 31, 2023 | 29.27 |
| Sep 30, 2023 | 26.20 |
| Jun 30, 2023 | 33.18 |
| Mar 31, 2023 | 27.12 |
| Dec 31, 2022 | 22.24 |
| Sep 30, 2022 | 17.26 |
| Jun 30, 2022 | 12.12 |
| Mar 31, 2022 | 25.85 |
| Dec 31, 2021 | 42.20 |
| Sep 30, 2021 | 40.33 |
API Access
Netflix EV to EBIT 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=ev-to-ebit&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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=ev-to-ebit&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();