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Netflix (NFLX) Gross Margin (2016 - 2025)

Historic Gross Margin for Netflix (NFLX) over the last 17 years, with Q4 2025 value amounting to 45.87%.

  • Netflix's Gross Margin rose 21600.0% to 45.87% in Q4 2025 from the same period last year, while for Dec 2025 it was 48.49%, marking a year-over-year increase of 24300.0%. This contributed to the annual value of 48.49% for FY2025, which is 24300.0% up from last year.
  • Per Netflix's latest filing, its Gross Margin stood at 45.87% for Q4 2025, which was up 21600.0% from 46.45% recorded in Q3 2025.
  • In the past 5 years, Netflix's Gross Margin ranged from a high of 51.93% in Q2 2025 and a low of 31.18% during Q4 2022
  • Its 5-year average for Gross Margin is 43.47%, with a median of 44.53% in 2021.
  • As far as peak fluctuations go, Netflix's Gross Margin tumbled by -52800bps in 2021, and later soared by 87400bps in 2023.
  • Quarter analysis of 5 years shows Netflix's Gross Margin stood at 32.04% in 2021, then dropped by -3bps to 31.18% in 2022, then rose by 28bps to 39.91% in 2023, then rose by 10bps to 43.71% in 2024, then increased by 5bps to 45.87% in 2025.
  • Its Gross Margin was 45.87% in Q4 2025, compared to 46.45% in Q3 2025 and 51.93% in Q2 2025.