Growth Metrics

Netflix (NFLX) FCF Margin (2016 - 2026)

Netflix has reported FCF Margin over the past 18 years, most recently at 41.59% for Q1 2026.

  • For Q1 2026, FCF Margin rose 1635.0% year-over-year to 41.59%; the TTM value through Mar 2026 reached 25.37%, up 683.0%, while the annual FY2025 figure was 20.94%, 319.0% up from the prior year.
  • FCF Margin for Q1 2026 was 41.59% at Netflix, up from 15.54% in the prior quarter.
  • Over five years, FCF Margin peaked at 41.59% in Q1 2026 and troughed at 0.16% in Q2 2022.
  • A 5-year average of 17.65% and a median of 17.9% in 2023 define the central range for FCF Margin.
  • Biggest five-year swings in FCF Margin: tumbled -445bps in 2024 and later soared 1635bps in 2026.
  • Year by year, FCF Margin stood at 4.23% in 2022, then surged by 323bps to 17.9% in 2023, then fell by -25bps to 13.45% in 2024, then rose by 16bps to 15.54% in 2025, then soared by 168bps to 41.59% in 2026.
  • Business Quant data shows FCF Margin for NFLX at 41.59% in Q1 2026, 15.54% in Q4 2025, and 23.11% in Q3 2025.