Netflix (NFLX) Return on Assets [ROA] (2009 - 2026)
Netflix's Return on Assets [ROA] came in at 22.85% for Q2 2026, up 3.37 percentage points from 19.49% a year earlier but down 0.09 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 five-year range for quarterly Return on Assets [ROA] is 8.47% (Q2 2023) to 22.94% (Q1 2026).
- Year-over-year, Return on Assets [ROA] has increased for 11 consecutive quarters, with an average year-over-year change of +4.66 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 22.94% (Q1 2026), 19.87% (Q4 2025) and 19.31% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,971.55 Bn | 3,729.08 Bn | 73.85 Bn | 30.04% |
| 2 | Meta Platforms | 1,663.61 Bn | 1,366.13 Bn | 49.47 Bn | 16.11% |
| 3 | Netflix | 279.03 Bn | 239.23 Bn | 6.52 Bn | 22.85% |
| 4 | Alibaba Group Holding | 236.92 Bn | 50.69 Bn | 15.11 Bn | 3.56% |
| 5 | Shopify | 221.18 Bn | 198.37 Bn | 1.71 Bn | 13.49% |
| 6 | Uber Technologies | 138.63 Bn | 110.43 Bn | 6.38 Bn | 15.38% |
| 7 | Booking Holdings | 124.73 Bn | 57.78 Bn | - | 25.12% |
| 8 | Spotify Technology | 116.57 Bn | 74.07 Bn | 1.86 Bn | 25.34% |
| 9 | PDD Holdings | 110.56 Bn | -133.22 Bn | 9.45 Bn | 14.15% |
| 10 | Airbnb | 103.51 Bn | 56.74 Bn | 2.98 Bn | 9.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 12.07% |
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();