Netflix (NFLX) Net Margin (2009 - 2026)

Netflix has reported Net Margin for 18 years, with the latest figure at 27.08% in Q2 2026.

• On a quarterly basis, Net Margin fell 113.0% year-over-year to 27.08% in Q2 2026; TTM through Jun 2026 was 28.22%, a 364.0% increase from a year earlier, with the FY2025 full-year figure at 24.3%, up 197.0% from the prior year.
• Net Margin was 27.08% for Q2 2026 at Netflix, down from 43.13% in the prior quarter.
• The five-year high for Net Margin was 43.13% in Q1 2026, with the low at 0.7% in Q4 2022.
• Average Net Margin over 5 years is 21.05%, with a median of 20.19% recorded in 2022.
• The sharpest annual moves came in 2022 and 2026: Net Margin tumbled 718 bps in 2022, then soared 1571 bps in 2026.
• Over 5 years, Net Margin stood at 0.7% in 2022, then soared by 1408 bps to 10.62% in 2023, then soared by 72 bps to 18.24% in 2024, then gained by 10 bps to 20.07% in 2025, then surged by 35 bps to 27.08% in 2026.
• The last three Net Margin figures came in at 27.08% (Q2 2026), 43.13% (Q1 2026), and 20.07% (Q4 2025), per Business Quant data.