Netflix annual net profit margin
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Netflix Net Profit Margin Growth & History (NFLX)
Netflix's net profit margin was 24.30% for fiscal 2025.
View full Netflix company overviewNetflix annual net profit margin history
| Fiscal year | Period ended | Net profit margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 24.30% | +1.97 pp |
| 2024 | 2024-12-31 | 22.34% | +6.30 pp |
| 2023 | 2023-12-31 | 16.04% | +1.83 pp |
| 2022 | 2022-12-31 | 14.21% | −3.02 pp |
| 2021 | 2021-12-31 | 17.23% | +6.18 pp |
| 2020 | 2020-12-31 | 11.05% | +1.79 pp |
| 2019 | 2019-12-31 | 9.26% | +1.59 pp |
| 2018 | 2018-12-31 | 7.67% | +2.89 pp |
| 2017 | 2017-12-31 | 4.78% | +2.67 pp |
| 2016 | 2016-12-31 | 2.11% | +0.30 pp |
| 2015 | 2015-12-31 | 1.81% | −3.04 pp |
| 2014 | 2014-12-31 | 4.85% | +2.28 pp |
| 2013 | 2013-12-31 | 2.57% | +2.09 pp |
| 2012 | 2012-12-31 | 0.48% | −6.58 pp |
| 2011 | 2011-12-31 | 7.06% | −0.38 pp |
| 2010 | 2010-12-31 | 7.44% | +0.50 pp |
| 2009 | 2009-12-31 | 6.94% | +0.85 pp |
| 2008 | 2008-12-31 | 6.08% | +0.56 pp |
| 2007 | 2007-12-31 | 5.53% | — |
Netflix quarterly net profit margin
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| Fiscal quarter | Period ended | Net profit margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 27.08% | −1.13 pp |
| Q1 2026 | 2026-03-31 | 43.13% | +15.71 pp |
| Q4 2025 | 2025-12-31 | 20.07% | +1.83 pp |
| Q3 2025 | 2025-09-30 | 22.13% | −1.93 pp |
| Q2 2025 | 2025-06-30 | 28.21% | +5.75 pp |
| Q1 2025 | 2025-03-31 | 27.42% | +2.53 pp |
| Q4 2024 | 2024-12-31 | 18.24% | +7.62 pp |
| Q3 2024 | 2024-09-30 | 24.06% | +4.42 pp |
| Q2 2024 | 2024-06-30 | 22.46% | +4.29 pp |
| Q1 2024 | 2024-03-31 | 24.89% | +8.90 pp |
| Q4 2023 | 2023-12-31 | 10.62% | +9.91 pp |
| Q3 2023 | 2023-09-30 | 19.64% | +2.00 pp |
| Q2 2023 | 2023-06-30 | 18.17% | +0.09 pp |
| Q1 2023 | 2023-03-31 | 15.99% | −4.31 pp |
| Q4 2022 | 2022-12-31 | 0.70% | −7.18 pp |
| Q3 2022 | 2022-09-30 | 17.64% | −1.72 pp |
| Q2 2022 | 2022-06-30 | 18.08% | −0.35 pp |
| Q1 2022 | 2022-03-31 | 20.30% | −3.52 pp |
| Q4 2021 | 2021-12-31 | 7.88% | −0.28 pp |
| Q3 2021 | 2021-09-30 | 19.36% | +7.09 pp |
| Q2 2021 | 2021-06-30 | 18.43% | +6.72 pp |
| Q1 2021 | 2021-03-31 | 23.83% | +11.53 pp |
| Q4 2020 | 2020-12-31 | 8.16% | −2.58 pp |
| Q3 2020 | 2020-09-30 | 12.28% | −0.41 pp |
| Q2 2020 | 2020-06-30 | 11.71% | +6.22 pp |
| Q1 2020 | 2020-03-31 | 12.29% | +4.68 pp |
| Q4 2019 | 2019-12-31 | 10.74% | +7.54 pp |
| Q3 2019 | 2019-09-30 | 12.68% | +2.61 pp |
| Q2 2019 | 2019-06-30 | 5.50% | −4.34 pp |
| Q1 2019 | 2019-03-31 | 7.61% | −0.23 pp |
| Q4 2018 | 2018-12-31 | 3.20% | −2.45 pp |
| Q3 2018 | 2018-09-30 | 10.07% | +5.73 pp |
| Q2 2018 | 2018-06-30 | 9.84% | +7.48 pp |
| Q1 2018 | 2018-03-31 | 7.84% | +1.08 pp |
| Q4 2017 | 2017-12-31 | 5.65% | +2.95 pp |
| Q3 2017 | 2017-09-30 | 4.34% | +2.09 pp |
| Q2 2017 | 2017-06-30 | 2.36% | +0.42 pp |
| Q1 2017 | 2017-03-31 | 6.76% | +5.35 pp |
| Q4 2016 | 2016-12-31 | 2.69% | +0.33 pp |
| Q3 2016 | 2016-09-30 | 2.25% | +0.56 pp |
| Q2 2016 | 2016-06-30 | 1.94% | +0.33 pp |
| Q1 2016 | 2016-03-31 | 1.41% | −0.09 pp |
| Q4 2015 | 2015-12-31 | 2.37% | −3.25 pp |
| Q3 2015 | 2015-09-30 | 1.69% | −2.51 pp |
| Q2 2015 | 2015-06-30 | 1.60% | −3.70 pp |
| Q1 2015 | 2015-03-31 | 1.51% | −2.68 pp |
| Q4 2014 | 2014-12-31 | 5.62% | +1.50 pp |
| Q3 2014 | 2014-09-30 | 4.21% | +1.33 pp |
| Q2 2014 | 2014-06-30 | 5.30% | +2.54 pp |
| Q1 2014 | 2014-03-31 | 4.18% | +3.92 pp |
| Q4 2013 | 2013-12-31 | 4.12% | +3.28 pp |
| Q3 2013 | 2013-09-30 | 2.88% | +2.03 pp |
| Q2 2013 | 2013-06-30 | 2.76% | +2.06 pp |
| Q1 2013 | 2013-03-31 | 0.26% | +0.79 pp |
| Q4 2012 | 2012-12-31 | 0.84% | −3.19 pp |
| Q3 2012 | 2012-09-30 | 0.85% | −6.75 pp |
| Q2 2012 | 2012-06-30 | 0.69% | −7.96 pp |
| Q1 2012 | 2012-03-31 | −0.53% | −8.91 pp |
| Q4 2011 | 2011-12-31 | 4.02% | −3.88 pp |
| Q3 2011 | 2011-09-30 | 7.60% | +0.74 pp |
| Q2 2011 | 2011-06-30 | 8.65% | +0.28 pp |
| Q1 2011 | 2011-03-31 | 8.38% | +1.85 pp |
| Q4 2010 | 2010-12-31 | 7.90% | +0.95 pp |
| Q3 2010 | 2010-09-30 | 6.86% | −0.26 pp |
| Q2 2010 | 2010-06-30 | 8.37% | +0.43 pp |
| Q1 2010 | 2010-03-31 | 6.54% | +0.86 pp |
| Q4 2009 | 2009-12-31 | 6.95% | — |
| Q3 2009 | 2009-09-30 | 7.12% | +1.15 pp |
| Q2 2009 | 2009-06-30 | 7.94% | +0.07 pp |
| Q1 2009 | 2009-03-31 | 5.67% | — |
| Q3 2008 | 2008-09-30 | 5.97% | — |
| Q2 2008 | 2008-06-30 | 7.87% | — |
Netflix net profit margin trends
Over the last five fiscal years, Netflix's net profit margin increased from 11.05% to 24.30%, a change of +13.26 percentage points. The latest reported quarter, Q2 2026, shows 27.08%.
About the metric
What net profit margin means
Net profit margin measures the percentage of revenue remaining as net income after operating costs, interest, taxes, and other expenses. It shows how much bottom-line profit or loss a company generates from each dollar of revenue.
Calculation and source
How net profit margin is calculated
TickerStat calculates net profit margin as SEC-reported net income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Netflix source filings ↗Community posts
Netflix grows profit faster than sales but flags expense-timing benefits
Netflix ($NFLX) reported quarterly revenue of $12.874 billion, an increase of 11.8%, and operating income of $4.459 billion, up 37%. Operating margin reached 34.6%, compared with 28.2% a year earlier. Net income rose 44% to $3.664 billion, ...
