Netflix (NFLX) Net Margin (2009 - 2026)
Netflix (NFLX) posted quarterly Net Margin of 27.08% for Q2 2026, down 113.0% year-over-year from 208.32% in Q2 2025, and down 37.2% quarter-over-quarter from 43.13% in Q1 2026.
Netflix (NFLX) Net Margin (2009 - 2026) Analysis & Trends
Netflix's Net Margin history runs 18 years deep, the most recent figure standing at 27.08% for Q2 2026.
- In Q2 2026, Net Margin fell 113.0% year-over-year to 27.08%; the TTM figure through Jun 2026 stood at 28.22% (up 364.0% YoY), while the FY2025 annual figure was 24.3%, up 197.0% from the prior year.
- Net Margin for Q2 2026 stood at 27.08%, 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.
- The 5-year median for Net Margin is 20.19% (2022), against an average of 21.05%.
- The sharpest annual moves came in 2022 and 2026: Net Margin tumbled 718 bps in 2022, then jumped 1571 bps in 2026.
- Netflix's Net Margin stood at 0.7% in 2022, then jumped by 1408 bps to 10.62% in 2023, then jumped by 72 bps to 18.24% in 2024, then increased by 10 bps to 20.07% in 2025, then soared by 35 bps to 27.08% in 2026.
- Business Quant data shows NFLX's Net Margin at 27.08% in Q2 2026, 43.13% in Q1 2026, and 20.07% in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 27.08% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 11.26% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 1.86% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 3.23% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 16.41% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 0.86% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 12.12% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 19.93% |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 14.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.08% |
| Mar 31, 2026 | 43.13% |
| Dec 31, 2025 | 20.07% |
| Sep 30, 2025 | 22.13% |
| Jun 30, 2025 | 28.21% |
| Mar 31, 2025 | 27.42% |
| Dec 31, 2024 | 18.24% |
| Sep 30, 2024 | 24.06% |
| Jun 30, 2024 | 22.46% |
| Mar 31, 2024 | 24.89% |
| Dec 31, 2023 | 10.62% |
| Sep 30, 2023 | 19.64% |
| Jun 30, 2023 | 18.17% |
| Mar 31, 2023 | 15.99% |
| Dec 31, 2022 | 0.70% |
| Sep 30, 2022 | 17.64% |
| Jun 30, 2022 | 18.08% |
| Mar 31, 2022 | 20.30% |
| Dec 31, 2021 | 7.88% |
| Sep 30, 2021 | 19.36% |