Netflix (NFLX) Tax Rate (2009 - 2026)
Netflix (NFLX) reported Tax Rate of 15.13% for Q3 2026, down 2.96 percentage points from 18.09% a year earlier and down 1.27 percentage points from the prior quarter.
Powered by 
Analysis
Netflix (NFLX) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Netflix's Tax Rate came in at 16.57%, up 2.86 percentage points year-over-year; for FY2025, it was 13.69%, up 1.10 percentage points from FY2024.
- Tax Rate has a five-year change of 0.00 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 12.58% in FY2024 (-0.27 pp), 12.85% in FY2023 (-1.82 pp), 14.67% in FY2022 (+2.27 pp) and 12.39% in FY2021 (-1.29 pp).
- Five-year quarterly Tax Rate spans a low of 10.06% in Q1 2025 and a high of 19.31% in Q1 2026.
- Year over year, Tax Rate gained in four of the last eight quarters, with an average year-over-year change of +0.90 percentage points.
- The high point for year-over-year Tax Rate in five years was Q1 2026 (a gain of 9.25 percentage points); the low point was Q1 2023 (a drop of 8.16 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 16.40% (Q2 2026), 19.31% (Q1 2026) and 12.62% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,538.31 Bn | 3,273.21 Bn | 76.16 Bn | 18.20% |
| 2 | Meta Platforms | 1,636.70 Bn | 1,301.22 Bn | 51.23 Bn | 24.16% |
| 3 | Netflix | 263.03 Bn | 224.33 Bn | 6.80 Bn | 15.13% |
| 4 | Alibaba Group Holding | 244.73 Bn | 58.36 Bn | 15.16 Bn | - |
| 5 | Shopify | 193.33 Bn | 172.13 Bn | 1.78 Bn | 7.41% |
| 6 | Uber Technologies | 142.25 Bn | 113.06 Bn | 6.42 Bn | 28.54% |
| 7 | AppLovin | 134.73 Bn | 123.26 Bn | 1.94 Bn | 17.49% |
| 8 | Spotify Technology | 122.55 Bn | 79.47 Bn | 1.89 Bn | 26.52% |
| 9 | Booking Holdings | 121.84 Bn | 55.58 Bn | - | 20.63% |
| 10 | Airbnb | 114.54 Bn | 66.86 Bn | 4.22 Bn | 13.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.13% |
| 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% |
| Sep 30, 2022 | 13.79% |
| Jun 30, 2022 | 11.22% |
| Mar 31, 2022 | 19.31% |
| Sep 30, 2021 | 12.76% |
| Jun 30, 2021 | 15.11% |
API Access
Netflix Tax Rate 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=tax-rate&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();