Netflix (NFLX) FCF Margin (2009 - 2026)
Netflix's quarterly FCF Margin came in at 41.59% in Q1 2026, up 1635.0% year-on-year from 2.4% in Q1 2025, and up 167.65% quarter-over-quarter from 15.54% in Q4 2025.
Netflix has reported FCF Margin for 18 years, with the latest figure at 41.59% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 1635.0% year-over-year to 41.59%; the trailing twelve-month figure through Mar 2026 stood at 25.37% (up 683.0% YoY), and the FY2025 full-year result was 20.94%, up 319.0% from the prior year.
- FCF Margin for Q1 2026 stood at 41.59%, up from 15.54% in the prior quarter.
- The five-year high for FCF Margin was 41.59% in Q1 2026, with the low at 0.16% in Q2 2022.
- Average FCF Margin over 5 years is 17.65%, with a median of 17.9% recorded in 2023.
- Year-over-year, FCF Margin slumped 445 bps in 2024 and surged 1635 bps in 2026.
- Tracing NFLX's FCF Margin over 5 years: stood at 4.23% in 2022, then jumped by 323 bps to 17.9% in 2023, then decreased by 25 bps to 13.45% in 2024, then advanced by 16 bps to 15.54% in 2025, then surged by 168 bps to 41.59% in 2026.
- The last three FCF Margin figures came in at 41.59% (Q1 2026), 15.54% (Q4 2025), and 23.11% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 41.59% |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 19.63% |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -5.35% |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 53.52% |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 44.24% |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 47.40% |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 15.91% |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 18.26% |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 42.24% |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | 22.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.59% |
| Dec 31, 2025 | 15.54% |
| Sep 30, 2025 | 23.11% |
| Jun 30, 2025 | 20.47% |
| Mar 31, 2025 | 25.24% |
| Dec 31, 2024 | 13.45% |
| Sep 30, 2024 | 22.33% |
| Jun 30, 2024 | 12.68% |
| Mar 31, 2024 | 22.80% |
| Dec 31, 2023 | 17.90% |
| Sep 30, 2023 | 22.11% |
| Jun 30, 2023 | 16.36% |
| Mar 31, 2023 | 25.94% |
| Dec 31, 2022 | 4.23% |
| Sep 30, 2022 | 5.95% |
| Jun 30, 2022 | 0.16% |
| Mar 31, 2022 | 10.19% |
| Dec 31, 2021 | -7.38% |
| Sep 30, 2021 | -1.14% |
| Jun 30, 2021 | -2.37% |
| Mar 31, 2021 | 9.72% |
| Dec 31, 2020 | -4.30% |
| Sep 30, 2020 | 17.93% |
| Jun 30, 2020 | 14.63% |
| Mar 31, 2020 | 2.81% |
| Dec 31, 2019 | -28.71% |
| Sep 30, 2019 | -10.43% |
| Jun 30, 2019 | -11.85% |
| Mar 31, 2019 | -9.74% |
| Dec 31, 2018 | -31.17% |
| Sep 30, 2018 | -18.25% |
| Jun 30, 2018 | -13.96% |
| Mar 31, 2018 | -7.40% |
| Dec 31, 2017 | -15.51% |
| Sep 30, 2017 | -15.20% |
| Jun 30, 2017 | -21.53% |
| Mar 31, 2017 | -15.03% |
| Dec 31, 2016 | -24.95% |
| Sep 30, 2016 | -21.37% |
| Jun 30, 2016 | -11.26% |
| Mar 31, 2016 | -12.11% |
| Dec 31, 2015 | -14.13% |
| Sep 30, 2015 | -13.45% |
| Jun 30, 2015 | -12.70% |
| Mar 31, 2015 | -9.41% |
| Dec 31, 2014 | -6.99% |
| Sep 30, 2014 | -2.56% |
| Jun 30, 2014 | 2.70% |
| Mar 31, 2014 | 1.81% |
| Dec 31, 2013 | 1.56% |
| Sep 30, 2013 | 2.16% |
| Jun 30, 2013 | 2.42% |
| Mar 31, 2013 | -2.38% |
| Dec 31, 2012 | -3.74% |
| Sep 30, 2012 | -1.52% |
| Jun 30, 2012 | 1.80% |
| Mar 31, 2012 | 1.65% |
| Dec 31, 2011 | 6.26% |
| Sep 30, 2011 | 4.31% |
| Jun 30, 2011 | 9.86% |
| Mar 31, 2011 | 13.92% |
| Dec 31, 2010 | 13.81% |
| Sep 30, 2010 | 6.31% |
| Jun 30, 2010 | 10.50% |
| Mar 31, 2010 | 14.34% |
| Dec 31, 2009 | 18.76% |
| Sep 30, 2009 | 16.15% |
| Jun 30, 2009 | 16.74% |
| Mar 31, 2009 | 14.99% |