Netflix (NFLX) Interest Coverage Ratio (2009 - 2026)
Netflix's Interest Coverage Ratio was 24.14 in Q3 2026, up 30.3% from 18.53 a year earlier and up 1.2% from the prior quarter.
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Analysis
Netflix (NFLX) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Netflix's Interest Coverage Ratio was 18.17 through Sep 30, 2026, up 5.6% year-over-year; for FY2025, it came in at 17.16, up 18.4% from FY2024.
- Interest Coverage Ratio has now increased for three consecutive years.
- In earlier years, Interest Coverage Ratio was 14.49 in FY2024 (+45.9%), 9.94 in FY2023 (+24.6%), 7.98 in FY2022 (-1.4%) and 8.09 in FY2021 (+35.4%).
- The Q3 2026 figure marks the highest quarterly Interest Coverage Ratio since Q3 2009.
- Compared with a year earlier, Interest Coverage Ratio was higher in seven of the last eight quarters, with growth averaging 18.1%.
- The best year-over-year quarter for Interest Coverage Ratio over five years was Q4 2023 (growth of 164.9%); the worst was Q4 2021 (a decline of 31.1%).
- Per Business Quant data, NFLX's Interest Coverage Ratio in the three quarters before Q3 2026 was 23.86 (Q2 2026), 15.10 (Q1 2026) and 12.61 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | - |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | - |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 24.14 |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 6.46 |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 9.52 |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 33.47 |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 23.17 |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | 10.99 |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.14 |
| Jun 30, 2026 | 23.86 |
| Mar 31, 2026 | 15.10 |
| Dec 31, 2025 | 12.61 |
| Sep 30, 2025 | 18.53 |
| Jun 30, 2025 | 20.67 |
| Mar 31, 2025 | 18.17 |
| Dec 31, 2024 | 11.80 |
| Sep 30, 2024 | 15.74 |
| Jun 30, 2024 | 15.49 |
| Mar 31, 2024 | 15.19 |
| Dec 31, 2023 | 8.54 |
| Sep 30, 2023 | 10.92 |
| Jun 30, 2023 | 10.45 |
| Mar 31, 2023 | 9.84 |
| Dec 31, 2022 | 3.22 |
| Sep 30, 2022 | 8.88 |
| Jun 30, 2022 | 9.00 |
| Mar 31, 2022 | 10.51 |
| Dec 31, 2021 | 3.34 |
API Access
Netflix Interest Coverage Ratio 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=interest-coverage-ratio&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();