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Netflix (NFLX) Operating Margin (2016 - 2025)

Historic Operating Margin for Netflix (NFLX) over the last 17 years, with Q4 2025 value amounting to 24.54%.

  • Netflix's Operating Margin rose 23500.0% to 24.54% in Q4 2025 from the same period last year, while for Dec 2025 it was 29.49%, marking a year-over-year increase of 27800.0%. This contributed to the annual value of 29.49% for FY2025, which is 27800.0% up from last year.
  • Netflix's Operating Margin amounted to 24.54% in Q4 2025, which was up 23500.0% from 28.22% recorded in Q3 2025.
  • In the past 5 years, Netflix's Operating Margin ranged from a high of 34.07% in Q2 2025 and a low of 7.0% during Q4 2022
  • Moreover, its 5-year median value for Operating Margin was 24.0% (2021), whereas its average is 23.19%.
  • Data for Netflix's Operating Margin shows a peak YoY increase of 107500bps (in 2021) and a maximum YoY decrease of -61700bps (in 2021) over the last 5 years.
  • Quarter analysis of 5 years shows Netflix's Operating Margin stood at 8.19% in 2021, then decreased by -15bps to 7.0% in 2022, then soared by 142bps to 16.94% in 2023, then surged by 31bps to 22.18% in 2024, then grew by 11bps to 24.54% in 2025.
  • Its Operating Margin was 24.54% in Q4 2025, compared to 28.22% in Q3 2025 and 34.07% in Q2 2025.