Netflix (NFLX) Return on Equity [ROE] (2009 - 2026)
Netflix's Return on Equity [ROE] came in at 44.55% for Q2 2026, up 2.70 percentage points from 41.85% a year earlier but down 1.77 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 five-year range for quarterly Return on Equity [ROE] is 19.02% (Q2 2023) to 46.32% (Q1 2026).
- Year-over-year, Return on Equity [ROE] has increased for 11 consecutive quarters, with an average year-over-year change of +8.11 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 46.32% (Q1 2026), 41.78% (Q4 2025) and 40.98% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 43.64% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 26.97% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 44.55% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 6.21% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 15.31% |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 35.90% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | - |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | 33.94% |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 40.74% |
| 10 | Airbnb | 95.83 Bn | 49.06 Bn | 2.98 Bn | 34.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 34.62% |
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();