Netflix (NFLX) Tax Rate (2009 - 2026)
Netflix's quarterly Tax Rate came in at 19.31% in Q1 2026, up 925.0% year-on-year from 1.88% in Q1 2025, and up 53.05% quarter-over-quarter from 12.62% in Q4 2025.
Netflix has reported Tax Rate for 18 years, with the latest figure at 19.31% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 925.0% year-over-year to 19.31%; the trailing twelve-month figure through Mar 2026 stood at 16.71% (up 445.0% YoY), and the FY2025 full-year result was 13.69%, up 110.0% from the prior year.
- Tax Rate for Q1 2026 stood at 19.31%, up from 12.62% 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 10.66%, with a median of 12.56% recorded in 2024.
- Year-over-year, Tax Rate plunged 3027 bps in 2022 and soared 5886 bps in 2023.
- Tracing NFLX's Tax Rate over 5 years: 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 jumped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 19.31 |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | 26.79 |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | 6.86 |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 7.79 |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 25.85 |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 8.62 |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 3.27 |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 35.98 |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 12.04 |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | 24.14 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.31 |
| Mar 31, 2026 | 19.31 |
| Dec 31, 2025 | 12.62 |
| Dec 31, 2025 | 12.62 |
| Sep 30, 2025 | 18.09 |
| Sep 30, 2025 | 18.09 |
| Jun 30, 2025 | 13.94 |
| Jun 30, 2025 | 13.94 |
| Mar 31, 2025 | 10.06 |
| Mar 31, 2025 | 10.06 |
| Dec 31, 2024 | 12.45 |
| Dec 31, 2024 | 12.45 |
| Sep 30, 2024 | 12.56 |
| Sep 30, 2024 | 12.56 |
| Jun 30, 2024 | 14.58 |
| Jun 30, 2024 | 14.58 |
| Mar 31, 2024 | 10.80 |
| Mar 31, 2024 | 10.80 |
| Dec 31, 2023 | 18.32 |
| Dec 31, 2023 | 18.32 |
| Sep 30, 2023 | 12.13 |
| Sep 30, 2023 | 12.13 |
| Jun 30, 2023 | 11.42 |
| Jun 30, 2023 | 11.42 |
| Mar 31, 2023 | 11.15 |
| Mar 31, 2023 | 11.15 |
| Dec 31, 2022 | -40.54 |
| Dec 31, 2022 | -40.54 |
| Sep 30, 2022 | 13.79 |
| Sep 30, 2022 | 13.79 |
| Jun 30, 2022 | 11.22 |
| Jun 30, 2022 | 11.22 |
| Mar 31, 2022 | 19.31 |
| Mar 31, 2022 | 19.31 |
| Dec 31, 2021 | -10.27 |
| Dec 31, 2021 | -10.27 |
| Sep 30, 2021 | 12.76 |
| Sep 30, 2021 | 12.76 |
| Jun 30, 2021 | 15.11 |
| Jun 30, 2021 | 15.11 |
| Mar 31, 2021 | 16.11 |
| Mar 31, 2021 | 16.11 |
| Dec 31, 2020 | -7.06 |
| Dec 31, 2020 | -7.06 |
| Sep 30, 2020 | 8.30 |
| Sep 30, 2020 | 8.30 |
| Jun 30, 2020 | 30.46 |
| Jun 30, 2020 | 30.46 |
| Mar 31, 2020 | 10.91 |
| Mar 31, 2020 | 10.91 |
| Dec 31, 2019 | -293.06 |
| Dec 31, 2019 | -293.06 |
| Sep 30, 2019 | 34.29 |
| Sep 30, 2019 | 34.29 |
| Jun 30, 2019 | 45.97 |
| Jun 30, 2019 | 45.97 |
| Mar 31, 2019 | 13.91 |
| Mar 31, 2019 | 13.91 |
| Dec 31, 2018 | -12.18 |
| Dec 31, 2018 | -12.18 |
| Sep 30, 2018 | -6.34 |
| Sep 30, 2018 | -6.34 |
| Jun 30, 2018 | 10.33 |
| Jun 30, 2018 | 10.33 |
| Mar 31, 2018 | 3.17 |
| Mar 31, 2018 | 3.17 |
| Dec 31, 2017 | 60.23 |
| Dec 31, 2017 | 60.23 |
| Sep 30, 2017 | -11.49 |
| Sep 30, 2017 | -11.49 |
| Jun 30, 2017 | -369.85 |
| Jun 30, 2017 | -369.85 |
| Mar 31, 2017 | 20.36 |
| Mar 31, 2017 | 20.36 |
| Dec 31, 2016 | 26.06 |
| Dec 31, 2016 | 26.06 |
| Sep 30, 2016 | 34.89 |
| Sep 30, 2016 | 34.89 |
| Jun 30, 2016 | 20.45 |
| Jun 30, 2016 | 20.45 |
| Mar 31, 2016 | 30.65 |
| Mar 31, 2016 | 30.65 |
| Dec 31, 2015 | -108.28 |
| Dec 31, 2015 | -108.28 |
| Sep 30, 2015 | 30.32 |
| Sep 30, 2015 | 30.32 |
| Jun 30, 2015 | 34.96 |
| Jun 30, 2015 | 34.96 |
| Mar 31, 2015 | 38.33 |
| Mar 31, 2015 | 38.33 |
| Dec 31, 2014 | -83.17 |
| Dec 31, 2014 | -83.17 |
| Sep 30, 2014 | 39.21 |
| Sep 30, 2014 | 39.21 |
| Jun 30, 2014 | 39.49 |
| Jun 30, 2014 | 39.49 |
| Mar 31, 2014 | 40.28 |
| Mar 31, 2014 | 40.28 |
| Dec 31, 2013 | 34.57 |
| Dec 31, 2013 | 34.57 |
| Sep 30, 2013 | 35.70 |
| Sep 30, 2013 | 35.70 |
| Jun 30, 2013 | 36.82 |
| Jun 30, 2013 | 36.82 |
| Mar 31, 2013 | -189.14 |
| Mar 31, 2013 | -189.14 |
| Dec 31, 2012 | 47.01 |
| Dec 31, 2012 | 47.01 |
| Sep 30, 2012 | 35.75 |
| Sep 30, 2012 | 35.75 |
| Jun 30, 2012 | 42.15 |
| Jun 30, 2012 | 42.15 |
| Mar 31, 2012 | 34.75 |
| Mar 31, 2012 | 34.75 |
| Dec 31, 2011 | 38.03 |
| Dec 31, 2011 | 38.03 |
| Sep 30, 2011 | 33.29 |
| Sep 30, 2011 | 33.29 |
| Jun 30, 2011 | 38.45 |
| Jun 30, 2011 | 38.45 |
| Mar 31, 2011 | 38.69 |
| Mar 31, 2011 | 38.69 |
| Dec 31, 2010 | 36.84 |
| Dec 31, 2010 | 36.84 |
| Sep 30, 2010 | 41.95 |
| Sep 30, 2010 | 41.95 |
| Jun 30, 2010 | 40.69 |
| Jun 30, 2010 | 40.69 |
| Mar 31, 2010 | 40.63 |
| Mar 31, 2010 | 40.63 |
| Dec 31, 2009 | 27.46 |
| Dec 31, 2009 | 27.46 |
| Sep 30, 2009 | 40.28 |
| Sep 30, 2009 | 40.28 |
| Jun 30, 2009 | 38.76 |
| Jun 30, 2009 | 38.76 |
| Mar 31, 2009 | 40.22 |
| Mar 31, 2009 | 40.22 |