Netflix (NFLX) Return on Equity [ROE] (2009 - 2026)
Netflix's Return on Equity [ROE] came in at 49.69% for Q3 2026, up 8.70 percentage points from 40.98% a year earlier and up 5.14 percentage points from the prior quarter.
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Analysis
Netflix (NFLX) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Netflix's Return on Equity [ROE] was 42.76%, up 4.33 percentage points from FY2024.
- Return on Equity [ROE] has increased in each of the last three years, with a five-year change of +13.15 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was 38.43% in FY2024 (+12.29 pp), 26.15% in FY2023 (+1.62 pp), 24.53% in FY2022 (-13.49 pp) and 38.02% in FY2021 (+8.40 pp).
- The Q3 2026 figure represents the highest quarterly Return on Equity [ROE] since Q3 2011.
- Year-over-year, Return on Equity [ROE] has increased for 12 consecutive quarters, with an average year-over-year change of +7.37 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q3 2024 (a gain of 14.57 percentage points), and the weakest in Q4 2022 (a drop of 11.08 percentage points).
- Business Quant data shows NFLX's Return on Equity [ROE] at 44.55% (Q2 2026), 46.32% (Q1 2026) and 41.78% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn | 35.76% |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn | 28.20% |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn | 49.69% |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn | 6.20% |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn | 16.72% |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn | 12.62% |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn | 155.17% |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn | 35.30% |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn | 21.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 49.69% |
| Jun 30, 2026 | 44.55% |
| Mar 31, 2026 | 46.32% |
| Dec 31, 2025 | 41.78% |
| Sep 30, 2025 | 40.98% |
| Jun 30, 2025 | 41.85% |
| Mar 31, 2025 | 38.01% |
| Dec 31, 2024 | 36.71% |
| Sep 30, 2024 | 34.71% |
| Jun 30, 2024 | 32.64% |
| Mar 31, 2024 | 30.68% |
| Dec 31, 2023 | 25.33% |
| Sep 30, 2023 | 20.14% |
| Jun 30, 2023 | 19.02% |
| Mar 31, 2023 | 19.71% |
| Dec 31, 2022 | 21.75% |
| Sep 30, 2022 | 25.47% |
| Jun 30, 2022 | 27.83% |
| Mar 31, 2022 | 29.99% |
| Dec 31, 2021 | 32.83% |
API Access
Netflix Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();