Growth Metrics

Netflix (NFLX) Gross Margin (2016 - 2025)

Netflix (NFLX) has 16 years of Gross Margin data on record, last reported at 46.89% in Q1 2024.

  • For Q1 2024, Gross Margin fell 4631.0% year-over-year to 46.89%; the TTM value through Mar 2024 reached 68.15%, down 2392.0%, while the annual FY2024 figure was 46.06%, 4606.0% down from the prior year.
  • Gross Margin reached 46.89% in Q1 2024 per NFLX's latest filing, down from 89.62% in the prior quarter.
  • Across five years, Gross Margin topped out at 223.85% in Q4 2021 and bottomed at 9.62% in Q2 2020.
  • Average Gross Margin over 5 years is 82.21%, with a median of 91.26% recorded in 2020.
  • Peak YoY movement for Gross Margin: surged 13533bps in 2021, then tumbled -13444bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 88.52% in 2020, then skyrocketed by 153bps to 223.85% in 2021, then crashed by -60bps to 89.41% in 2022, then rose by 0bps to 89.62% in 2023, then plummeted by -48bps to 46.89% in 2024.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 46.89% in Q1 2024, 89.62% in Q4 2023, and 93.46% in Q3 2023.