Netflix annual return on equity
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2025
Netflix Return on Equity (ROE) Growth & History (NFLX)
Netflix's return on equity was 42.76% for fiscal 2025.
View full Netflix company overviewNetflix annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 42.76% | +4.33 pp |
| 2024 | 2024-12-31 | 38.43% | +12.29 pp |
| 2023 | 2023-12-31 | 26.15% | +1.62 pp |
| 2022 | 2022-12-31 | 24.53% | −13.49 pp |
| 2021 | 2021-12-31 | 38.02% | +8.40 pp |
| 2020 | 2020-12-31 | 29.62% | +0.49 pp |
| 2019 | 2019-12-31 | 29.12% | +1.66 pp |
| 2018 | 2018-12-31 | 27.46% | +9.61 pp |
| 2017 | 2017-12-31 | 17.85% | +10.24 pp |
| 2016 | 2016-12-31 | 7.61% | +1.60 pp |
| 2015 | 2015-12-31 | 6.01% | −10.71 pp |
| 2014 | 2014-12-31 | 16.72% | +5.90 pp |
| 2013 | 2013-12-31 | 10.82% | +8.34 pp |
| 2012 | 2012-12-31 | 2.47% | −46.00 pp |
| 2011 | 2011-12-31 | 48.47% | −17.27 pp |
| 2010 | 2010-12-31 | 65.75% | +23.33 pp |
| 2009 | 2009-12-31 | 42.42% | +21.04 pp |
| 2008 | 2008-12-31 | 21.37% | — |
Netflix quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 11.10% | −1.66 pp |
| Q1 2026 | 2026-03-31 | 18.30% | +6.45 pp |
| Q4 2025 | 2025-12-31 | 9.20% | +1.33 pp |
| Q3 2025 | 2025-09-30 | 10.01% | −0.54 pp |
| Q2 2025 | 2025-06-30 | 12.76% | +2.88 pp |
| Q1 2025 | 2025-03-31 | 11.85% | +0.73 pp |
| Q4 2024 | 2024-12-31 | 7.87% | +3.48 pp |
| Q3 2024 | 2024-09-30 | 10.54% | +3.08 pp |
| Q2 2024 | 2024-06-30 | 9.88% | +3.22 pp |
| Q1 2024 | 2024-03-31 | 11.12% | +4.99 pp |
| Q4 2023 | 2023-12-31 | 4.39% | +4.13 pp |
| Q3 2023 | 2023-09-30 | 7.47% | +0.40 pp |
| Q2 2023 | 2023-06-30 | 6.66% | −1.21 pp |
| Q1 2023 | 2023-03-31 | 6.13% | −3.44 pp |
| Q4 2022 | 2022-12-31 | 0.27% | −3.63 pp |
| Q3 2022 | 2022-09-30 | 7.06% | −2.87 pp |
| Q2 2022 | 2022-06-30 | 7.87% | −2.25 pp |
| Q1 2022 | 2022-03-31 | 9.57% | −4.69 pp |
| Q4 2021 | 2021-12-31 | 3.90% | −1.17 pp |
| Q3 2021 | 2021-09-30 | 9.93% | +1.90 pp |
| Q2 2021 | 2021-06-30 | 10.12% | +2.00 pp |
| Q1 2021 | 2021-03-31 | 14.25% | +5.38 pp |
| Q4 2020 | 2020-12-31 | 5.07% | −3.06 pp |
| Q3 2020 | 2020-09-30 | 8.03% | −2.23 pp |
| Q2 2020 | 2020-06-30 | 8.12% | +3.53 pp |
| Q1 2020 | 2020-03-31 | 8.87% | +2.58 pp |
| Q4 2019 | 2019-12-31 | 8.13% | +5.51 pp |
| Q3 2019 | 2019-09-30 | 10.26% | +1.79 pp |
| Q2 2019 | 2019-06-30 | 4.58% | −4.44 pp |
| Q1 2019 | 2019-03-31 | 6.29% | −1.34 pp |
| Q4 2018 | 2018-12-31 | 2.61% | −2.76 pp |
| Q3 2018 | 2018-09-30 | 8.48% | +4.45 pp |
| Q2 2018 | 2018-06-30 | 9.03% | +6.87 pp |
| Q1 2018 | 2018-03-31 | 7.63% | +1.33 pp |
| Q4 2017 | 2017-12-31 | 5.37% | +2.81 pp |
| Q3 2017 | 2017-09-30 | 4.02% | +1.94 pp |
| Q2 2017 | 2017-06-30 | 2.16% | +0.43 pp |
| Q1 2017 | 2017-03-31 | 6.30% | +5.09 pp |
| Q4 2016 | 2016-12-31 | 2.56% | +0.60 pp |
| Q3 2016 | 2016-09-30 | 2.08% | +0.68 pp |
| Q2 2016 | 2016-06-30 | 1.72% | +0.39 pp |
| Q1 2016 | 2016-03-31 | 1.22% | −0.04 pp |
| Q4 2015 | 2015-12-31 | 1.97% | −2.69 pp |
| Q3 2015 | 2015-09-30 | 1.40% | −2.15 pp |
| Q2 2015 | 2015-06-30 | 1.34% | −3.26 pp |
| Q1 2015 | 2015-03-31 | 1.26% | −2.52 pp |
| Q4 2014 | 2014-12-31 | 4.65% | +0.84 pp |
| Q3 2014 | 2014-09-30 | 3.56% | +0.80 pp |
| Q2 2014 | 2014-06-30 | 4.60% | +1.53 pp |
| Q1 2014 | 2014-03-31 | 3.78% | +3.43 pp |
| Q4 2013 | 2013-12-31 | 3.82% | +2.74 pp |
| Q3 2013 | 2013-09-30 | 2.76% | +1.66 pp |
| Q2 2013 | 2013-06-30 | 3.07% | +2.16 pp |
| Q1 2013 | 2013-03-31 | 0.35% | +1.05 pp |
| Q4 2012 | 2012-12-31 | 1.08% | −5.75 pp |
| Q3 2012 | 2012-09-30 | 1.09% | −16.20 pp |
| Q2 2012 | 2012-06-30 | 0.91% | −21.46 pp |
| Q1 2012 | 2012-03-31 | −0.70% | −21.99 pp |
| Q4 2011 | 2011-12-31 | 6.83% | −12.70 pp |
| Q3 2011 | 2011-09-30 | 17.29% | −3.31 pp |
| Q2 2011 | 2011-06-30 | 22.37% | −4.54 pp |
| Q1 2011 | 2011-03-31 | 21.29% | +2.63 pp |
| Q4 2010 | 2010-12-31 | 19.54% | +5.20 pp |
| Q3 2010 | 2010-09-30 | 20.60% | +9.77 pp |
| Q2 2010 | 2010-06-30 | 26.92% | +17.25 pp |
| Q1 2010 | 2010-03-31 | 18.66% | — |
| Q4 2009 | 2009-12-31 | 14.33% | — |
| Q3 2009 | 2009-09-30 | 10.83% | — |
| Q2 2009 | 2009-06-30 | 9.66% | — |
Netflix return on equity trends
Over the last five fiscal years, Netflix's return on equity increased from 29.62% to 42.76%, a change of +13.15 percentage points. The latest reported quarter, Q2 2026, shows 11.10%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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