Growth Metrics

Netflix (NFLX) Net Margin (2016 - 2026)

Netflix has reported Net Margin over the past 18 years, most recently at 43.13% for Q1 2026.

  • For Q1 2026, Net Margin rose 1571.0% year-over-year to 43.13%; the TTM value through Mar 2026 reached 28.52%, up 545.0%, while the annual FY2025 figure was 24.3%, 197.0% up from the prior year.
  • Net Margin for Q1 2026 was 43.13% at Netflix, up from 20.07% in the prior quarter.
  • Over five years, Net Margin peaked at 43.13% in Q1 2026 and troughed at 0.7% in Q4 2022.
  • A 5-year average of 20.69% and a median of 20.07% in 2025 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: plummeted -718bps in 2022 and later surged 1571bps in 2026.
  • Year by year, Net Margin stood at 0.7% in 2022, then skyrocketed by 1408bps to 10.62% in 2023, then skyrocketed by 72bps to 18.24% in 2024, then increased by 10bps to 20.07% in 2025, then soared by 115bps to 43.13% in 2026.
  • Business Quant data shows Net Margin for NFLX at 43.13% in Q1 2026, 20.07% in Q4 2025, and 22.13% in Q3 2025.