Netflix (NFLX) Return on Assets [ROA] (2009 - 2026)
Netflix's Return on Assets [ROA] came in at 25.21% for Q3 2026, up 5.90 percentage points from 19.31% a year earlier and up 2.36 percentage points from the prior quarter.
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Analysis
Netflix (NFLX) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, Netflix's Return on Assets [ROA] was 20.11%, up 3.09 percentage points from FY2024.
- Return on Assets [ROA] has increased in each of the last three years, with a five-year change of +12.57 percentage points (FY2020 to FY2025).
- Going back by year, Return on Assets [ROA] was 17.02% in FY2024 (+5.91 pp), 11.11% in FY2023 (+1.47 pp), 9.64% in FY2022 (-2.56 pp) and 12.20% in FY2021 (+4.66 pp).
- The Q3 2026 figure represents the highest quarterly Return on Assets [ROA] in data going back to Q3 2009.
- Year-over-year, Return on Assets [ROA] has increased for 12 consecutive quarters, with an average year-over-year change of +4.60 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q3 2024 (a gain of 6.33 percentage points), and the weakest in Q2 2023 (a drop of 2.65 percentage points).
- Business Quant data shows NFLX's Return on Assets [ROA] at 22.85% (Q2 2026), 22.94% (Q1 2026) and 19.87% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,522.13 Bn | 3,257.03 Bn | 76.16 Bn | 24.48% |
| 2 | Meta Platforms | 1,639.39 Bn | 1,303.91 Bn | 51.23 Bn | 16.20% |
| 3 | Netflix | 259.77 Bn | 221.06 Bn | 6.80 Bn | 25.21% |
| 4 | Alibaba Group Holding | 238.46 Bn | 60.53 Bn | 15.16 Bn | 3.56% |
| 5 | Shopify | 188.67 Bn | 173.82 Bn | 1.78 Bn | 14.56% |
| 6 | Uber Technologies | 142.87 Bn | 114.08 Bn | 6.42 Bn | 5.24% |
| 7 | AppLovin | 131.04 Bn | 119.57 Bn | 1.94 Bn | 59.50% |
| 8 | Spotify Technology | 124.73 Bn | 81.65 Bn | 1.89 Bn | 21.55% |
| 9 | Booking Holdings | 119.44 Bn | 53.19 Bn | - | 24.77% |
| 10 | PDD Holdings | 113.02 Bn | -131.03 Bn | 9.48 Bn | 14.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.21% |
| Jun 30, 2026 | 22.85% |
| Mar 31, 2026 | 22.94% |
| Dec 31, 2025 | 19.87% |
| Sep 30, 2025 | 19.31% |
| Jun 30, 2025 | 19.49% |
| Mar 31, 2025 | 17.54% |
| Dec 31, 2024 | 16.45% |
| Sep 30, 2024 | 15.35% |
| Jun 30, 2024 | 14.49% |
| Mar 31, 2024 | 13.19% |
| Dec 31, 2023 | 11.01% |
| Sep 30, 2023 | 9.02% |
| Jun 30, 2023 | 8.47% |
| Mar 31, 2023 | 8.56% |
| Dec 31, 2022 | 9.34% |
| Sep 30, 2022 | 10.74% |
| Jun 30, 2022 | 11.11% |
| Mar 31, 2022 | 11.14% |
| Dec 31, 2021 | 11.72% |
API Access
Netflix Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "NFLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();