Netflix Inc (NFLX) stock
NFLXNasdaqServices-Video Tape RentalFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 21, 2026Score 20/3033% below fair value
$62.15−0.54 (-0.86%)
Close on Nov 13, 2026Market cap $255.21BP/E 18.0Yield –
Netflix gross margin
Gross margin is gross profit as a percentage of revenue.
Netflix's gross margin for the twelve months ending Sep 30, 2026 was 50.7%. For fiscal 2025 it was 48.5%, against 46.1% the year before. The highest annual figure on record is 48.5% in fiscal 2025.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 48.5% | +2.4 |
| FY2024 | Dec 31, 2024 | 46.1% | +4.5 |
| FY2023 | Dec 31, 2023 | 41.5% | +2.2 |
| FY2022 | Dec 31, 2022 | 39.4% | −2.3 |
| FY2021 | Dec 31, 2021 | 41.6% | +2.8 |
| FY2020 | Dec 31, 2020 | 38.9% | +0.6 |
| FY2019 | Dec 31, 2019 | 38.3% | +1.4 |
| FY2018 | Dec 31, 2018 | 36.9% | +5.6 |
| FY2017 | Dec 31, 2017 | 31.3% | +2.2 |
| FY2016 | Dec 31, 2016 | 29.1% | −3.1 |
| FY2015 | Dec 31, 2015 | 32.3% | +0.4 |
| FY2014 | Dec 31, 2014 | 31.8% | +3.1 |
| FY2013 | Dec 31, 2013 | 28.7% | +2.2 |
| FY2012 | Dec 31, 2012 | 26.5% | −9.8 |
| FY2011 | Dec 31, 2011 | 36.3% | −0.9 |
| FY2010 | Dec 31, 2010 | 37.2% | +1.9 |
| FY2009 | Dec 31, 2009 | 35.4% | +2.1 |
| FY2008 | Dec 31, 2008 | 33.3% | −1.5 |
| FY2007 | Dec 31, 2007 | 34.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 52.8% | +6.3 |
| Q2 FY2026 | Jun 30, 2026 | 51.9% | +0.0 |
| Q1 FY2026 | Mar 31, 2026 | 51.9% | +1.9 |
| Q4 FY2025 | Dec 31, 2025 | 45.9% | +2.2 |
| Q3 FY2025 | Sep 30, 2025 | 46.4% | −1.4 |
| Q2 FY2025 | Jun 30, 2025 | 51.9% | +6.1 |
| Q1 FY2025 | Mar 31, 2025 | 50.1% | +3.2 |
| Q4 FY2024 | Dec 31, 2024 | 43.7% | +3.8 |
| Q3 FY2024 | Sep 30, 2024 | 47.9% | +5.6 |
| Q2 FY2024 | Jun 30, 2024 | 45.9% | +3.0 |
| Q1 FY2024 | Mar 31, 2024 | 46.9% | +5.7 |
| Q4 FY2023 | Dec 31, 2023 | 39.9% | +8.7 |
| Q3 FY2023 | Sep 30, 2023 | 42.3% | +2.7 |
| Q2 FY2023 | Jun 30, 2023 | 42.9% | +1.8 |
| Q1 FY2023 | Mar 31, 2023 | 41.1% | −4.4 |
| Q4 FY2022 | Dec 31, 2022 | 31.2% | −0.9 |
| Q3 FY2022 | Sep 30, 2022 | 39.6% | −4.2 |
| Q2 FY2022 | Jun 30, 2022 | 41.1% | −4.1 |
| Q1 FY2022 | Mar 31, 2022 | 45.5% | −0.5 |
| Q4 FY2021 | Dec 31, 2021 | 32.0% | −5.3 |
| Q3 FY2021 | Sep 30, 2021 | 43.8% | +3.9 |
| Q2 FY2021 | Jun 30, 2021 | 45.3% | +4.5 |
| Q1 FY2021 | Mar 31, 2021 | 46.0% | +8.4 |
| Q4 FY2020 | Dec 31, 2020 | 37.3% | +0.7 |
| Q3 FY2020 | Sep 30, 2020 | 39.9% | −1.0 |
| Q2 FY2020 | Jun 30, 2020 | 40.7% | +1.8 |
| Q1 FY2020 | Mar 31, 2020 | 37.6% | +1.1 |
| Q4 FY2019 | Dec 31, 2019 | 36.6% | +1.9 |
| Q3 FY2019 | Sep 30, 2019 | 40.9% | +4.2 |
| Q2 FY2019 | Jun 30, 2019 | 38.9% | +0.4 |
| Q1 FY2019 | Mar 31, 2019 | 36.5% | −1.3 |
| Q4 FY2018 | Dec 31, 2018 | 34.7% | +2.1 |
| Q3 FY2018 | Sep 30, 2018 | 36.7% | +6.6 |
| Q2 FY2018 | Jun 30, 2018 | 38.5% | +10.0 |
| Q1 FY2018 | Mar 31, 2018 | 37.8% | +3.9 |
| Q4 FY2017 | Dec 31, 2017 | 32.6% | −0.6 |
| Q3 FY2017 | Sep 30, 2017 | 30.1% | – |
| Q2 FY2017 | Jun 30, 2017 | 28.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 34.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 33.2% | – |
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