Netflix (NFLX) Return on Capital Employed (2009 - 2026)

Netflix's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 30.18% for Q1 2026.

• In Q1 2026, Return on Capital Employed rose 438.0% year-over-year to 30.18%; the TTM figure through Mar 2026 stood at 30.18% (up 438.0% YoY), while the FY2025 annual figure was 30.54%, up 477.0% from the prior year.
• Return on Capital Employed was 30.18% for Q1 2026 at Netflix, roughly flat from 30.09% in the prior quarter.
• In the past five years, Return on Capital Employed ranged from a high of 30.18% in Q1 2026 to a low of 13.2% in Q1 2023.
• Historically, Return on Capital Employed has averaged 20.76% across 5 years, with a median of 19.93% in 2024.
• The sharpest annual moves came in 2022 and 2024: Return on Capital Employed sank 470 bps in 2022, then jumped 975 bps in 2024.
• A 5-year view of Return on Capital Employed shows it stood at 14.03% in 2022, then climbed by 23 bps to 17.27% in 2023, then surged by 43 bps to 24.69% in 2024, then gained by 22 bps to 30.09% in 2025, then climbed by 0 bps to 30.18% in 2026.
• The last three Return on Capital Employed figures came in at 30.18% (Q1 2026), 30.09% (Q4 2025), and 28.55% (Q3 2025), per Business Quant data.