Netflix (NFLX) Tax Rate (2009 - 2026)

Netflix's Tax Rate history runs 18 years deep, the most recent figure standing at 19.31% for Q1 2026.

• In Q1 2026, Tax Rate rose 925.0% year-over-year to 19.31%; the TTM figure through Mar 2026 stood at 16.71% (up 445.0% YoY), while the FY2025 annual figure was 13.69%, up 110.0% from the prior year.
• Tax Rate was 19.31% for Q1 2026 at Netflix, up from 12.62% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 19.31% in Q1 2026 to a low of 40.54% in Q4 2022.
• Historically, Tax Rate has averaged 10.66% across 5 years, with a median of 12.56% in 2024.
• The sharpest annual moves came in 2022 and 2023: Tax Rate plunged 3027 bps in 2022, then jumped 5886 bps in 2023.
• A 5-year view of Tax Rate shows it stood at 40.54% in 2022, then soared by 145 bps to 18.32% in 2023, then tumbled by 32 bps to 12.45% in 2024, then advanced by 1 bps to 12.62% in 2025, then soared by 53 bps to 19.31% in 2026.
• The last three Tax Rate figures came in at 19.31% (Q1 2026), 12.62% (Q4 2025), and 18.09% (Q3 2025), per Business Quant data.