Netflix (NFLX) Tax Rate (2009 - 2026)
Netflix (NFLX) posted quarterly Tax Rate of 16.4% for Q2 2026, up 246.0% year-over-year from 4.74% in Q2 2025, and down 15.08% quarter-over-quarter from 19.31% in Q1 2026.
Netflix (NFLX) Tax Rate (2009 - 2026) Analysis & Trends
Netflix's Tax Rate history runs 18 years deep, the most recent figure standing at 16.4% for Q2 2026.
- In Q2 2026, Tax Rate rose 246.0% year-over-year to 16.4%; the TTM figure through Jun 2026 stood at 17.24% (up 496.0% YoY), while the FY2025 annual figure was 13.69%, up 110.0% from the prior year.
- Tax Rate for Q2 2026 stood at 16.4%, 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.
- The 5-year median for Tax Rate is 12.59% (2024), against an average of 10.98%.
- The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 3027 bps in 2022, then soared 5886 bps in 2023.
- Netflix's Tax Rate stood at 40.54% in 2022, then surged by 145 bps to 18.32% in 2023, then slumped by 32 bps to 12.45% in 2024, then gained by 1 bps to 12.62% in 2025, then increased by 30 bps to 16.4% in 2026.
- Business Quant data shows NFLX's Tax Rate at 16.4% in Q2 2026, 19.31% in Q1 2026, and 12.62% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 16.40% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 21.98% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 159.78% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 22.31% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 24.43% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 75.76% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 3.07% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 17.27% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 14.72% |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 24.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.40% |
| Jun 30, 2026 | 16.40% |
| Jun 30, 2026 | 16.40% |
| Mar 31, 2026 | 19.31% |
| Mar 31, 2026 | 19.31% |
| Mar 31, 2026 | 19.31% |
| Dec 31, 2025 | 12.62% |
| Dec 31, 2025 | 12.62% |
| Dec 31, 2025 | 12.62% |
| Sep 30, 2025 | 18.09% |
| Sep 30, 2025 | 18.09% |
| Sep 30, 2025 | 18.09% |
| Jun 30, 2025 | 13.94% |
| Jun 30, 2025 | 13.94% |
| Jun 30, 2025 | 13.94% |
| Mar 31, 2025 | 10.06% |
| Mar 31, 2025 | 10.06% |
| Mar 31, 2025 | 10.06% |
| Dec 31, 2024 | 12.45% |
| Dec 31, 2024 | 12.45% |