Netflix (NFLX) Tax Rate (2009 - 2026)
Netflix (NFLX) posted Tax Rate of 16.4% for Q2 2026, down 15.08% on a QoQ basis from 19.31% in Q1 2026, and up 246.0% year-over-year from 4.74% in Q2 2025.
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Analysis
Netflix (NFLX) Tax Rate (2009 - 2026) Analysis & Trends
Netflix has reported Tax Rate for 18 years, with the latest figure at 16.4% in Q2 2026.
- On a quarterly basis, Tax Rate rose 246.0% year-over-year to 16.4% in Q2 2026; TTM through Jun 2026 was 17.24%, a 496.0% increase from a year earlier, with the FY2025 full-year figure at 13.69%, up 110.0% from the prior year.
- Tax Rate was 16.4% for Q2 2026 at Netflix, down from 19.31% in the prior quarter.
- The five-year high for Tax Rate was 19.31% in Q1 2026, with the low at 40.54% in Q4 2022.
- Average Tax Rate over 5 years is 10.98%, with a median of 12.59% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 3027 bps in 2022, then surged 5886 bps in 2023.
- Over 5 years, Tax Rate stood at 40.54% in 2022, then jumped by 145 bps to 18.32% in 2023, then slumped by 32 bps to 12.45% in 2024, then climbed by 1 bps to 12.62% in 2025, then gained by 30 bps to 16.4% in 2026.
- The last three Tax Rate figures came in at 16.4% (Q2 2026), 19.31% (Q1 2026), and 12.62% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 321.15 Bn | 312.02 Bn | 6.52 Bn | 16.40% |
| 2 | Spotify Technology | 108.56 Bn | 97.65 Bn | 1.86 Bn | 24.31% |
| 3 | Tencent Music Entertainment | 12.38 Bn | 8.87 Bn | 582.00 Mn | -16.81% |
| 4 | Huya | 485.14 Mn | 124.88 Mn | 37.58 Mn | -116.02% |
| 5 | iQIYI | 427.67 Mn | -43.23 Mn | 152.37 Mn | 199.35% |
| 6 | FuboTV | 324.08 Mn | -128.33 Mn | 399.10 Mn | 0.66% |
| 7 | Kaltura | 221.37 Mn | 190.08 Mn | 34.54 Mn | -79.71% |
| 8 | CuriosityStream | 157.45 Mn | 109.05 Mn | 16.93 Mn | 4.66% |
| 9 | Cineverse | 47.34 Mn | 43.02 Mn | 10.66 Mn | -0.34% |
| 10 | LiveOne | 46.60 Mn | 37.94 Mn | 3.94 Mn | -0.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.40% |
| Mar 31, 2026 | 19.31% |
| Dec 31, 2025 | 12.62% |
| Sep 30, 2025 | 18.09% |
| Jun 30, 2025 | 13.94% |
| Mar 31, 2025 | 10.06% |
| Dec 31, 2024 | 12.45% |
| Sep 30, 2024 | 12.56% |
| Jun 30, 2024 | 14.58% |
| Mar 31, 2024 | 10.80% |
| Dec 31, 2023 | 18.32% |
| Sep 30, 2023 | 12.13% |
| Jun 30, 2023 | 11.42% |
| Mar 31, 2023 | 11.15% |
| Dec 31, 2022 | -40.54% |
| Sep 30, 2022 | 13.79% |
| Jun 30, 2022 | 11.22% |
| Mar 31, 2022 | 19.31% |
| Dec 31, 2021 | -10.27% |
| Sep 30, 2021 | 12.76% |