Netflix (NFLX) EV to EBITDA (2009 - 2026)
Netflix's (NFLX) EV to EBITDA came in at 19.57 for Q2 2026, down 55.9% from 44.41 a year earlier and down 28.8% from the prior quarter.
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Analysis
Netflix (NFLX) EV to EBITDA (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to EBITDA at Netflix was 17.49, down 58.6% year-over-year; for FY2025, it was 28.32, down 18.1% from FY2024.
- In prior years, Netflix's EV to EBITDA was 34.59 in FY2024 (+24.2%), 27.84 in FY2023 (+32.7%), 20.99 in FY2022 (-48.6%) and 40.83 in FY2021 (-17.0%).
- The Q2 2026 figure stands as the lowest quarterly EV to EBITDA since Q3 2022.
- On a year-over-year basis, EV to EBITDA has declined in each of the last three quarters, with growth averaging 4.0% over the last eight quarters.
- The strongest year-over-year quarter for EV to EBITDA in the past five years was Q2 2023, with growth of 170.0%; the weakest was Q2 2022, with a decline of 68.3%.
- According to Business Quant data, EV to EBITDA for the three prior quarters was 27.49 (Q1 2026), 28.32 (Q4 2025) and 38.45 (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 | 9.00 |
| Mar 31, 2026 | 12.63 |
| Dec 31, 2025 | 12.86 |
| Sep 30, 2025 | 17.32 |
| Jun 30, 2025 | 19.92 |
| Mar 31, 2025 | 14.44 |
| Dec 31, 2024 | 14.27 |
| Sep 30, 2024 | 11.82 |
| Jun 30, 2024 | 11.91 |
| Mar 31, 2024 | 11.25 |
| Dec 31, 2023 | 9.46 |
| Sep 30, 2023 | 7.58 |
| Jun 30, 2023 | 9.13 |
| Mar 31, 2023 | 7.27 |
| Dec 31, 2022 | 6.27 |
| Sep 30, 2022 | 4.97 |
| Jun 30, 2022 | 3.72 |
| Mar 31, 2022 | 8.39 |
| Dec 31, 2021 | 14.03 |
| Sep 30, 2021 | 14.47 |
API Access
Netflix EV to EBITDA 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-ebitda&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();