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.
- Per Netflix's latest filing, its Operating Margin stood at 24.54% for 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
- For the 5-year period, Netflix's Operating Margin averaged around 23.19%, with its median value being 24.0% (2021).
- Examining YoY changes over the last 5 years, Netflix's Operating Margin showed a top increase of 107500bps in 2021 and a maximum decrease of -61700bps in 2021.
- Quarter analysis of 5 years shows Netflix's Operating Margin stood at 8.19% in 2021, then fell by -15bps to 7.0% in 2022, then skyrocketed by 142bps to 16.94% in 2023, then soared by 31bps to 22.18% in 2024, then increased by 11bps to 24.54% in 2025.
- Its last three reported values are 24.54% in Q4 2025, 28.22% for Q3 2025, and 34.07% during Q2 2025.