Netflix (NFLX) Tax Rate (2009 - 2026)
Netflix (NFLX) reported Tax Rate of 16.40% for Q2 2026, up 2.46 percentage points from 13.94% a year earlier but down 2.91 percentage points from the prior quarter.
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Analysis
Netflix (NFLX) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Netflix's Tax Rate came in at 17.24%, up 4.96 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 -40.54% in Q4 2022 and a high of 19.31% in Q1 2026.
- Year over year, Tax Rate has now increased in each of the last four quarters, with an average year-over-year change of +1.32 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 58.86 percentage points); the low point was Q4 2022 (a drop of 30.27 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 19.31% (Q1 2026), 12.62% (Q4 2025) and 18.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,109.95 Bn | 3,867.48 Bn | 73.85 Bn | 19.14% |
| 2 | Netflix | 282.52 Bn | 242.72 Bn | 6.52 Bn | 16.40% |
| 3 | Alibaba Group Holding | 249.53 Bn | 67.40 Bn | 15.11 Bn | - |
| 4 | Shopify | 193.10 Bn | 170.29 Bn | 1.71 Bn | 15.38% |
| 5 | Uber Technologies | 138.52 Bn | 110.49 Bn | 6.38 Bn | 25.63% |
| 6 | Booking Holdings | 120.43 Bn | 53.48 Bn | - | 23.83% |
| 7 | PDD Holdings | 108.89 Bn | -143.04 Bn | 9.45 Bn | - |
| 8 | Spotify Technology | 101.14 Bn | 58.37 Bn | 1.86 Bn | 24.31% |
| 9 | Airbnb | 94.68 Bn | 47.91 Bn | 2.98 Bn | 9.03% |
| 10 | AppLovin | 94.32 Bn | 84.35 Bn | 1.70 Bn | 15.87% |
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% |
| 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% |
| Mar 31, 2021 | 16.11% |
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();