Netflix Inc (NFLX) FCF Margin (2009 - 2026)
Netflix (NFLX) posted FCF Margin of 12.14% for Q2 2026, down 8.32 percentage points from 20.47% a year earlier and down 29.44 percentage points from the prior quarter.
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Analysis
Netflix Inc (NFLX) FCF Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Netflix was 23.06%, up 2.67 percentage points year-over-year; for FY2025, it came in at 20.94%, up 3.19 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of +13.22 percentage points (FY2020 to FY2025).
- In prior years, Netflix's FCF Margin was 17.75% in FY2024 (-2.79 pp), 20.54% in FY2023 (+15.42 pp), 5.12% in FY2022 (+5.56 pp) and -0.44% in FY2021 (-8.16 pp).
- The Q2 2026 figure stands as the lowest quarterly FCF Margin since Q4 2022.
- On a year-over-year basis, FCF Margin increased in six of the last eight quarters, with an average year-over-year change of +2.11 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q1 2026, with a gain of 16.35 percentage points; the weakest was Q3 2021, with a drop of 19.07 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 41.59% (Q1 2026), 15.54% (Q4 2025) and 23.11% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.14% |
| 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% |
API Access
Netflix Inc FCF Margin 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=fcf-margin&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();