Netflix (NFLX) FCF Margin (2009 - 2026)

Netflix (NFLX) has reported FCF Margin for 18 consecutive years, with 41.59% the latest figure, recorded in Q1 2026.

• In Q1 2026, FCF Margin rose 1635.0% year-over-year to 41.59%; the TTM figure through Mar 2026 stood at 25.37% (up 683.0% YoY), while the FY2025 annual figure was 20.94%, up 319.0% from the prior year.
• FCF Margin came in at 41.59% for Q1 2026 at Netflix, 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.
• Across the five-year window, FCF Margin tumbled 445 bps in 2024 and soared 1635 bps in 2026, its largest moves.
• Year by year, FCF Margin stood at 4.23% in 2022, then soared by 323 bps to 17.9% in 2023, then dropped by 25 bps to 13.45% in 2024, then grew by 16 bps to 15.54% in 2025, then jumped by 168 bps to 41.59% in 2026.
• According to Business Quant data, FCF Margin over the past three periods registered 41.59%, 15.54%, and 23.11% for Q1 2026, Q4 2025, and Q3 2025 respectively.