Growth Metrics

Netflix (NFLX) Tax Rate (2016 - 2025)

Netflix has reported Tax Rate over the past 17 years, most recently at 12.62% for Q4 2025.

  • Quarterly results put Tax Rate at 12.62% for Q4 2025, up 17.0% from a year ago — trailing twelve months through Dec 2025 was 13.69% (up 110.0% YoY), and the annual figure for FY2025 was 13.69%, up 110.0%.
  • Tax Rate for Q4 2025 was 12.62% at Netflix, down from 18.09% in the prior quarter.
  • Over the last five years, Tax Rate for NFLX hit a ceiling of 19.31% in Q1 2022 and a floor of 40.54% in Q4 2022.
  • Median Tax Rate over the past 5 years was 12.59% (2024), compared with a mean of 9.78%.
  • Biggest five-year swings in Tax Rate: crashed -3027bps in 2022 and later soared 5886bps in 2023.
  • Netflix's Tax Rate stood at 10.27% in 2021, then plummeted by -295bps to 40.54% in 2022, then skyrocketed by 145bps to 18.32% in 2023, then tumbled by -32bps to 12.45% in 2024, then rose by 1bps to 12.62% in 2025.
  • The last three reported values for Tax Rate were 12.62% (Q4 2025), 18.09% (Q3 2025), and 13.94% (Q2 2025) per Business Quant data.