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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Netflix (NFLX) Gross Margin (2016 - 2025)

Netflix has reported Gross Margin over the past 17 years, most recently at 74.99% for Q4 2025.

  • Quarterly results put Gross Margin at 74.99% for Q4 2025, up 1139.0% from a year ago — trailing twelve months through Dec 2025 was 48.49% (up 1405.0% YoY), and the annual figure for FY2025 was 48.49%, up 243.0%.
  • Gross Margin for Q4 2025 was 74.99% at Netflix, down from 93.17% in the prior quarter.
  • Over the last five years, Gross Margin for NFLX hit a ceiling of 243.07% in Q4 2022 and a floor of 86.38% in Q4 2024.
  • Median Gross Margin over the past 5 years was 90.61% (2021), compared with a mean of 72.43%.
  • Biggest five-year swings in Gross Margin: soared 19757bps in 2021 and later plummeted -31940bps in 2024.
  • Netflix's Gross Margin stood at 89.72% in 2021, then soared by 171bps to 243.07% in 2022, then fell by -4bps to 233.03% in 2023, then crashed by -137bps to 86.38% in 2024, then grew by 13bps to 74.99% in 2025.
  • The last three reported values for Gross Margin were 74.99% (Q4 2025), 93.17% (Q3 2025), and 93.56% (Q2 2025) per Business Quant data.