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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 - 2026)

Netflix has reported Gross Margin over the past 18 years, most recently at 93.12% for Q1 2026.

  • For Q1 2026, Gross Margin fell 35.0% year-over-year to 93.12%; the TTM value through Mar 2026 reached 113.86%, up 5555.0%, while the annual FY2025 figure was 92.69%, 4664.0% up from the prior year.
  • Gross Margin for Q1 2026 was 93.12% at Netflix, down from 211.62% in the prior quarter.
  • Over five years, Gross Margin peaked at 233.03% in Q4 2023 and troughed at 31.18% in Q4 2022.
  • A 5-year average of 84.65% and a median of 92.34% in 2023 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: skyrocketed 20185bps in 2023 and later tumbled -18931bps in 2024.
  • Year by year, Gross Margin stood at 31.18% in 2022, then skyrocketed by 647bps to 233.03% in 2023, then tumbled by -81bps to 43.71% in 2024, then surged by 384bps to 211.62% in 2025, then plummeted by -56bps to 93.12% in 2026.
  • Business Quant data shows Gross Margin for NFLX at 93.12% in Q1 2026, 211.62% in Q4 2025, and 93.17% in Q3 2025.