KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
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) Net Margin (2016 - 2025)

Netflix has reported Net Margin over the past 17 years, most recently at 20.07% for Q4 2025.

  • Quarterly results put Net Margin at 20.07% for Q4 2025, up 183.0% from a year ago — trailing twelve months through Dec 2025 was 24.3% (up 197.0% YoY), and the annual figure for FY2025 was 24.3%, up 197.0%.
  • Net Margin for Q4 2025 was 20.07% at Netflix, down from 22.13% in the prior quarter.
  • Over the last five years, Net Margin for NFLX hit a ceiling of 28.21% in Q2 2025 and a floor of 0.7% in Q4 2022.
  • Median Net Margin over the past 5 years was 19.5% (2021), compared with a mean of 18.91%.
  • Biggest five-year swings in Net Margin: surged 1153bps in 2021 and later crashed -718bps in 2022.
  • Netflix's Net Margin stood at 7.88% in 2021, then crashed by -91bps to 0.7% in 2022, then soared by 1408bps to 10.62% in 2023, then soared by 72bps to 18.24% in 2024, then grew by 10bps to 20.07% in 2025.
  • The last three reported values for Net Margin were 20.07% (Q4 2025), 22.13% (Q3 2025), and 28.21% (Q2 2025) per Business Quant data.